News on Indian Economy
Solar power has now become the largest component of India’s renewable energy portfolio, reflecting the impact of sustained policy support, large-scale infrastructure development, rooftop installations, agricultural solarisation and rapid expansion of domestic manufacturing.
The increase was supported by higher transportation of iron ore, coal, fertilizers and food grains, reflecting sustained demand from India’s industrial, agricultural, infrastructure and power sectors.
As of July 17, 2026, 6,00,868 of India’s 6,01,328 inhabited villages—around 99.92 per cent—had access to a banking outlet within a five-kilometre radius. These outlets include conventional bank branches, Business Correspondents and India Post Payments Bank centres.
Addressing the India-Uzbekistan Business Forum in New Delhi on August 3, 2026, Union Minister of Commerce and Industry Piyush Goyal urged businesses from the two countries to work towards doubling bilateral trade over the next three years.
From Banarasi sarees and Channapatna toys to Darjeeling Tea, Muzaffarnagar Jaggery and Assam’s Joha Rice, GI recognition provides buyers with an assurance of geographical origin and traditional authenticity. At the same time, it offers artisans, farmers, weavers and producer organisations a legal and commercial tool to protect their products from imitation.
Chennai-based Mindgrove Technologies is working to change this imbalance. The IIT Madras-incubated fabless semiconductor company designs indigenous system-on-chips for embedded equipment, connected devices, industrial automation and edge-computing applications.
India’s unmanned-aircraft industry has moved rapidly from imported hobby platforms and experimental prototypes to indigenous
The platform processed 23.66 billion transactions during the month, with the total value reaching ₹29.88 lakh crore. Compared with June, transaction volume increased by 4.1 per cent from 22.72 billion, while transaction value rose by 3.3 per cent from ₹28.92 lakh crore.
The estimate was presented in SBI Research’s report released ahead of the Reserve Bank of India’s Monetary Policy Committee meeting scheduled for August 3–5, 2026. SBI said that the Q1 growth figure could surpass the Reserve Bank’s latest projection of 6.6 per cent.
The Diving Support Craft programme was initiated through a contract signed between the Ministry of Defence and Titagarh Rail Systems Limited—then known as Titagarh Wagons Limited—on February 12, 2021. The project covers five vessels numbered DSC A20 to DSC A24 and was sanctioned at an overall cost of ₹174.77 crore.
