14 May 2026

• Devendra Fadnavis said Maharashtra aims to become a USD 1 trillion economy by 2030 and a leading global regional economy by 2047.
• The Chief Minister stated that Maharashtra currently has a USD 660 billion economy and contributes nearly 15 per cent to India’s economy.
• He highlighted large-scale infrastructure investments including the Mumbai Trans Harbour Link, Samruddhi Mahamarg, Navi Mumbai International Airport and Vadhavan Port.
• Fadnavis said Maharashtra is positioning itself as a hub for AI, semiconductors, EVs, advanced manufacturing, clean energy and data centres.Read more

12 May 2026

A government-backed study on income disparity in Nagaland has revealed significant inequality in household earnings across the state, with the top 5 per cent of households accounting for nearly 21 per cent of total income while the bottom 50 per cent receive only around 18 per cent. The report, prepared under the Ministry of Statistics and Programme Implementation in collaboration with the University of Hyderabad, recorded a Gini coefficient of 0.46, indicating a high level of income concentration. The findings also showed that urban areas have marginally higher inequality than rural regions, while districts such as Longleng reported the sharpest income disparities across both urban and rural households.Read more

06 May 2026

The Union government has begun identifying households holding both liquefied petroleum gas (LPG) and piped natural gas (PNG) connections to enforce a recent regulatory amendment prohibiting dual ownership. The move, notified under the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, 2000, requires consumers with PNG access to surrender domestic LPG connections. More than 43,000 such connections have already been relinquished, though officials expect higher compliance. The policy aims to prioritise subsidised LPG supply for households without piped gas access, amid constraints driven by global energy disruptions. The decision follows supply pressures linked to geopolitical developments in West Asia, which have impacted India’s imports of crude oil, natural gas and LPG, prompting the government to rationalise allocation and limit fresh LPG connections.Read more

05 May 2026

India’s foreign direct investment (FDI) inflows have shown steady strength in the current financial year, crossing USD 88 billion during the April–February period of FY26. Officials indicated that total inflows are expected to reach around USD 90 billion by the end of the fiscal year. Government efforts such as policy reforms, expansion of free trade agreements, and overall economic growth have supported investor confidence. The country has also continued to remain an attractive destination for global capital in recent years, backed by its large market and improving business environment.Read more

04 May 2026

Reserve Bank of India has initiated three key surveys, including the inflation expectations survey of households, to gather inputs for upcoming monetary policy decisions. The May 2026 round covers 19 cities and captures household views on price trends over the near and medium term. Alongside this, the central bank has rolled out urban and rural consumer confidence surveys to assess economic sentiment, employment outlook, and spending patterns. The findings are expected to inform deliberations of the Monetary Policy Committee, scheduled to meet in the coming weeks, as the central bank evaluates inflation trends and broader economic conditions.Read more

04 May 2026

Jeffrey D Sachs stated that India could attain developed nation status by 2047 if it sustains its current economic growth trajectory. Speaking at an event organised by FICCI, he highlighted India’s role in global stability and emphasised the need for an independent foreign policy approach. Sachs also suggested that India should maintain balanced international relations without aligning with major power blocs. He referred to the government’s ‘Viksit Bharat 2047’ roadmap, noting that continued economic expansion and strategic positioning could support the country’s long-term development objectives.Read more

02 May 2026

India’s edible oil import strategy is expected to shift from price-led procurement to supply-driven sourcing amid geopolitical tensions in West Asia, climate uncertainties, and energy market linkages, according to the Indian Vegetable Oil Producers’ Association. Speaking at an international industry conference recently, a senior IVPA official highlighted that weak monsoons, elevated crude oil prices, and rising biofuel demand are tightening global edible oil availability. India, which imports nearly 60 per cent of its edible oil requirement, is projected to maintain imports at around 16.5 million tonnes in the current oil year. While palm oil is expected to dominate the import basket due to cost advantages, policy interventions and domestic production initiatives are likely to influence future trade patterns.Read more

28 Apr 2026

Indian government bond yields moved higher in recent sessions as crude oil prices crossed USD 100 per barrel following escalating tensions between the US and Iran. The disruption in the Strait of Hormuz, a key global energy route, has raised concerns over supply constraints and rising import costs for India. Market participants are factoring in higher inflation risks and potential pressure on economic growth. The rupee weakened, equity markets declined, and swap rates rose, reflecting broader market caution. The Reserve Bank of India has indicated a wait-and-watch approach, viewing the oil surge as a supply-driven shock.Read more

26 Apr 2026

The Union government has generated over INR 4,000 crore from scrap disposal over the past five years, highlighting the economic potential of recycling within India’s circular economy framework. Speaking at a global symposium on resource efficiency, Minister Jitendra Singh stated that recycling is emerging as a key growth driver for startups and MSMEs, moving beyond large industrial players. Policy measures such as the Extended Producer Responsibility (EPR) framework and revised Solid Waste Management Rules, effective from earlier this month, are strengthening compliance and digital monitoring. With participation from around 75,000 producers and 5,000 recyclers, the circular economy is increasingly influencing sectors including infrastructure, manufacturing and energy, supported by industry collaborations and pilot projects across key material streams.Read more

15 Apr 2026

Shri Narendra Modi and Donald Trump held a discussion on the West Asia crisis, focusing on ensuring the Strait of Hormuz remains open amid rising global energy concerns. The conversation, held in the past week, also covered progress in India US bilateral ties. US officials indicated that several big-ticket agreements, particularly in the energy sector, are expected to be finalised in the coming weeks. The development comes against the backdrop of tensions involving Iran and disruptions to global shipping routes. Both countries are also preparing for upcoming diplomatic engagements, including a planned visit by senior US officials to India, signalling continued efforts to stabilise and strengthen bilateral relations.Read more