Economy

India’s exports to Australia have grown from USD 4 billion in FY 2020-21 to USD 8.5 billion in FY 2024-25, while export growth in 2024-25 alone stood at 8 percent over the previous year. In FY 2025-26, up to February, total trade between the two countries stood at USD 19.3 billion, indicating continued momentum in the relationship.

On the production side, SAIL registered its highest-ever crude steel output at 19.43 million tonnes and saleable steel production at 19.176 million tonnes, marking a new operational high for the company. The performance, according to the Ministry of Steel, also reflected improvements in efficiency parameters, underscoring SAIL’s push toward more competitive and sustainable steelmaking.

In simple terms, it tries to do for digital commerce what UPI did for payments: reduce dependence on a few dominant gateways and make the network itself the public rails on which many businesses can operate.

The company’s March 2026 performance also remained strong. NMDC produced 5.35 million tonnes and sold 5.90 million tonnes of iron ore during the month, registering year-on-year growth of 51 percent in production and 40 percent in sales over the corresponding period last year. For the full financial year, sales stood at 50.23 million tonnes, up 13 percent, making FY26 the best year in the company’s history in both output and dispatch volumes.

The move is important because India’s phosphatic and potassic fertilizer production, including DAP and NPK variants, still relies heavily on imported ammonia. According to the PIB release, India currently produces around 165–170 lakh metric tonnes of P&K fertilizers, but volatility in global ammonia markets and geopolitical disruptions have affected both availability and prices. By locking in green ammonia supplies through long-term contracts, the government is trying to create a more stable input pipeline for domestic fertilizer manufacturing.

The coverage is being tracked through the Jan Dhan Darshak (JDD) App, a Geographic Information System-based platform that allows authorities to monitor banking infrastructure across the country. Based on data uploaded by banks on the application, nearly all villages have now been brought within the targeted service radius. The government also said that 100 per cent of villages in the Union Territory of Dadra and Nagar Haveli are covered by banking outlets within 5 kilometres.

With 10 highly mechanised opencast mines, NCL has built a strong record of operational consistency and has now maintained its streak of meeting annual coal production targets for a decade. The latest achievement further reinforces the company’s position as one of the most significant contributors to domestic coal output at a time when India continues to rely heavily on thermal power for meeting its electricity demand.