Economy

News on Indian Economy

India Post and Flipkart Join Hands to Strengthen Last-Mile Parcel Delivery Across India

The agreement was signed in New Delhi by Shri Neeraj Kumar Jha, General Manager, Parcel Directorate, Department of Posts, and Shri Harvinder Kapur, Director – Commercial, Flipkart India Private Limited. Senior officials from both organisations were also present during the signing ceremony, marking an important institutional step in the growing convergence between public logistics infrastructure and India’s private digital commerce ecosystem.

India’s Cold Water Fisheries Emerging as a Key Pillar of the Blue Economy

Cold-water fisheries are practiced in high-altitude snow-fed rivers, streams, lakes, and reservoirs with temperatures ranging between 5°C and 25°C, dissolved oxygen above 6 mg/L, and pH levels between 6.5 and 8.0. Species such as rainbow trout, golden mahseer, and snow trout are cultivated using specialized infrastructure including hatcheries, raceways, RAS, biofloc systems, and cold chain facilities. Trout farming is generally practiced above 1,500 metres altitude, while mahseer culture is suitable at relatively lower elevations.

RBI’s ₹2.87 Lakh Crore Surplus Transfer Gives Centre a Major Fiscal Cushion for FY26

The size of the transfer reflects the strength of the RBI’s balance sheet during FY26. According to the available details, the central bank’s balance sheet expanded by 20.61% to ₹91.97 lakh crore as of 31 March 2026. Its gross income rose by 26.42%, while expenditure before risk provisions increased by 27.60%. Net income before risk provisions and transfers to statutory funds stood at ₹3,95,972.10 crore, compared with ₹3,13,455.77 crore in the previous year.

India’s Data Centre Boom Could Create One Lakh Engineering Jobs, Says Dr Jitendra Singh

According to the Minister, India’s data centre capacity is projected to expand sharply from around 1.5 GW to nearly 6.5 GW by 2030. This growth is expected to create new employment opportunities for engineers and technical professionals in areas such as artificial intelligence systems, cooling technologies, smart grids, renewable energy integration, secure digital infrastructure and advanced data management systems.

CII-Cyprus Chamber MoU Opens New Pathway for India-Cyprus Trade, Investment and Technology Cooperation

The MoU was signed in the presence of Cyprus President Nikos Christodoulides and Maharashtra Chief Minister Devendra Fadnavis, reflecting the increasing political and commercial importance being attached to the India-Cyprus relationship. The timing is important because President Christodoulides is on a State visit to India from 20 to 23 May 2026, a visit that follows Prime Minister Narendra Modi’s official visit to Cyprus in June 2025.

India and Italy Elevate Ties to Special Strategic Partnership, Opening a New Chapter in Defence, Trade and Technology Cooperation

The upgraded partnership shows that India and Italy are no longer looking at each other only through the lens of traditional diplomacy or cultural familiarity. The new framework places defence, trade, technology, critical minerals, maritime security, innovation, mobility and global governance at the centre of the relationship. In simple terms, the two countries are trying to build a partnership suited to the next decade rather than merely celebrate historical goodwill.

RAINMUMBAI: India’s First Weather Derivative Turns Monsoon Risk Into a Tradable Financial Instrument

The contract is based on Mumbai rainfall data sourced from the India Meteorological Department. It tracks how actual rainfall deviates from the city’s Long Period Average during the monsoon season. The system uses a Cumulative Deviation Rainfall model, developed with the involvement of IIT Bombay, to measure the difference between real rainfall and historical averages.

India’s Tea Exports Rise 93% to ₹8,719 Crore, Strengthening Global Demand for Indian Chai

The latest export figure also reflects the steady globalisation of Indian tea. What was once seen largely as a domestic habit has become an expanding trade opportunity. Indian tea is now consumed across markets in West Asia, Europe, North America, Russia, China and other regions. The growing export value suggests that international buyers are not merely purchasing bulk tea, but increasingly recognising the diversity and quality of Indian varieties.

PM Modi to Distribute Over 51,000 Appointment Letters at 19th Rozgar Mela

Since its launch, the Rozgar Mela has become one of the major platforms through which the Government of India has accelerated the distribution of appointment letters to selected candidates. According to the Prime Minister’s Office, around 12 lakh recruitment letters have already been issued through the previous 18 Rozgar Melas organised across the country.