News on Indian Economy
The outcome was not accidental. It was the result of years of preparation, diversified sourcing, refinery flexibility, emergency regulation, consumer protection measures and coordinated work between the Centre, oil marketing companies, refineries, state governments and infrastructure regulators.
The May 2026 data is important because it comes under the new IIP series with base year 2022–23. The release also marks a methodological transition in the compilation of industrial production data, with MoSPI adopting the Output Producer Price Index as the deflator in place of the Wholesale Price Index for item groups where production is reported in value terms. This change affects 234 out of 463 item groups in the IIP basket, representing 36.02 percent of the total index weight.
The temporary measures were introduced on 12 June 2026 during the disruption caused by the West Asia crisis. At that time, international fuel prices had risen sharply, while the Government continued to protect retail consumers by keeping petrol and diesel prices stable. This created a wide difference between retail fuel prices and the rates applicable to bulk consumers.
A major part of the programme includes interactions at The Athens Startup Business Incubator, where Indian representatives are expected to engage with startup founders, innovators and enterprise leaders. The platform is being used to showcase next-generation business ideas and explore partnerships in technology, digital solutions and emerging industries.
Over the past several months, APEDA has worked closely with the Department of Horticulture, Government of Madhya Pradesh, exporters, Farmer Producer Organisations (FPOs), pack house operators and international buyers to establish export linkages for this premium mango variety. These coordinated efforts led to the identification of a buyer in the UAE, paving the way for the international marketing of the renowned Rewa Sundarja Mango.
The facility has been established as a technology demonstrator to validate the production of hydrogen using nuclear energy through the Cu–Cl thermochemical process developed indigenously by Bhabha Atomic Research Centre (BARC), Mumbai. The successful integration of nuclear process heat with hydrogen generation marks a pioneering technological breakthrough and opens a promising pathway for large-scale, carbon-free hydrogen production using advanced nuclear reactors.
Director of Trade Agreements at the Ministry for Foreign Affairs of Iceland, Mr. Sveinn K. Einarsson, spoke about the opportunities presented by the India–EFTA Trade and Economic Partnership Agreement (TEPA) and its potential to facilitate greater imports of Indian mangoes into Iceland.
Following this achievement, India is now preparing to scale up the fast breeder programme through two additional units at the same nuclear complex. The Kalpakkam site already has deep nuclear infrastructure, technical manpower, research support and operational experience, making it a natural location for the next phase of breeder reactor development.
Between 2014 and 2025, India recorded 181.25 million international arrivals and 93.35 million foreign tourist arrivals. The numbers reflect the expanding appeal of India as a travel destination, while also underlining the importance of better airports, highways, railways, last-mile connectivity and visitor infrastructure. Tourism growth is now being linked with modern mobility systems such as Vande Bharat trains, UDAN regional air connectivity, upgraded railway stations, improved highways and modern airports.
This growth reflects the continuing strength of India’s infrastructure, construction, manufacturing, engineering, transport and capital goods sectors. Steel remains a core material for national development, and the demand numbers indicate that domestic economic activity continues to generate strong offtake.
