23 Aug 2026

Local currencies are expected to play a larger role in cross-border trade and payments as countries look to reduce transaction costs, currency mismatches and settlement-related challenges, RBI Deputy Governor Rohit Jain said. He highlighted the growth in India's foreign exchange reserves and domestic forex market turnover while outlining the factors that could shape the market over the next decade. Jain also stressed the need for wider technology adoption, greater participation by public sector banks and stronger safeguards against unauthorised online forex platforms. He said transparency, efficient settlement and customer protection would remain important as the market expands.Read more

21 Aug 2026

Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal are in Singapore for discussions aimed at strengthening India's economic partnership with the Southeast Asian financial hub. Goyal is leading a 70-member Indian business delegation seeking investment, trade and technology partnerships, while Sitharaman is heading the ministerial delegation for the fourth India-Singapore Ministerial Roundtable (ISMR). The talks will cover manufacturing, connectivity, digitalisation, healthcare, skills and sustainability. Bilateral trade reached USD 36.1 billion in 2025-26, while Singapore remained India's largest source of foreign direct investment during the year.Read more

19 Aug 2026

President Droupadi Murmu said India’s economy continues to remain resilient despite global warfare and instability, with growth projected to be more than twice the global average. In her address to the nation on the eve of Independence Day, she highlighted the role of self-reliance, digital infrastructure, renewable energy and physical connectivity in strengthening the country’s economic base. She also pointed to India’s progress on Sustainable Development Goals and the rapid expansion of highways, waterways, railways and airways. According to her, these developments are creating business opportunities, supporting employment and improving investor confidence.Read more

18 Aug 2026

Gujarat Chief Minister Bhupendra Patel has asked banks to improve the speed and reach of credit delivery, particularly for MSMEs, women entrepreneurs, rural artisans, small farmers and other beneficiaries at the last mile. Chairing the 190th meeting of the State Level Bankers’ Committee in Gandhinagar, Patel said the banking sector would have an important role as India works towards becoming the world’s third-largest economy. He also asked banks to use technology to process government-backed loan applications faster and expand financial support to groups covered under Gujarat’s new Industrial Policy 2026.Read more

15 Aug 2026

India’s economic and corporate calendar on Thursday is set to include the release of merchandise trade deficit data along with a large number of quarterly earnings announcements and shareholder meetings. The merchandise trade deficit is expected to remain around USD 30.20 billion, compared with USD 30.43 billion previously. Among the companies scheduled to report their first-quarter FY27 results are Aditya Birla Real Estate, Brigade Enterprises, JSW Cement, Sammaan Capital, Max Healthcare and Welspun Living. Several companies, including Brigade Enterprises and Godrej Industries, are also holding annual shareholder meetings.Read more

14 Aug 2026

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78 per cent of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against the revised estimate of INR 57,203.78 crore. The ministry’s scheme-wise expenditure was INR 52,978.83 crore against an allocation of INR 53,096.53 crore. Metro projects recorded full utilisation, while PMAY-Urban and PMAY-Urban 2.0, AMRUT, Swachh Bharat Mission-Urban and PM-eBus Sewa also recorded high utilisation. However, no expenditure was incurred under the Scheme for Industrial Housing, National Urban Digital Mission and Urban Challenge Fund, prompting concerns from a parliamentary panel.Read more

14 Aug 2026

Finance Minister Nirmala Sitharaman said multilateral development banks have an important role in reducing investment risks, improving project bankability and building investor confidence to attract private capital across BRICS economies. Speaking at a seminar on the New Development Bank’s role in private capital mobilisation, she said development finance should increasingly be based on partnerships between governments, multilateral institutions and the private sector. She highlighted India’s sustained public infrastructure investment and measures such as Viability Gap Funding, the Hybrid Annuity Model, InvITs, the National Infrastructure Pipeline and PM Gati Shakti to support greater private participation.Read more

12 Aug 2026

Delhi’s Gross State Domestic Product (GSDP) reached INR 12.15 lakh crore in 2024-25, registering 9.17 per cent growth over the previous financial year, according to a CAG report tabled in the Delhi Assembly. However, the report noted that Delhi’s share in India’s GDP has followed a declining trend over the past decade. Its contribution fell from 4 per cent in 2015-16 to 3.67 per cent in 2024-25. The audit also pointed to rising revenue expenditure, higher subsidies, declining capital expenditure and lower central grants, which have affected the Delhi’s economy recorded growth in 2024-25, but its pace remained lower than the broader national economy over the longer term, according to a report of the Comptroller and Auditor General of India (CAG) tabled in the Delhi Assembly by Chief Minister Rekha Gupta.Read more

11 Aug 2026

Private sector investment in India is showing steady growth, supported by the government’s continued focus on capital expenditure, Economic Affairs Secretary Anuradha Thakur said. She noted that public capital expenditure has risen more than fivefold over the past decade, reaching INR 10.7 lakh crore in 2025-26, with the government budgeting INR 12.2 lakh crore for the current fiscal. Thakur said public investment is helping attract private investment, while greater access to finance, particularly for MSMEs, remains important. She also stressed the need for stronger capital mobilisation, innovation, research and development and greater industry-academia collaboration.Read more

10 Aug 2026

BRICS trade ministers have agreed to study the creation of an Invoice Discounting Mechanism to improve access to trade finance for micro, small and medium enterprises across member countries. The proposal, included in the Jaipur Consensus, aims to help MSMEs convert confirmed trade receivables into immediate working capital and reduce financing constraints. The ministers also backed greater use of digital trade documentation, including e-invoices and electronic bills of lading, to strengthen integration with global value chains. The move comes amid a global MSME finance gap estimated at USD 5.7 trillion, rising to USD 8 trillion when informal enterprises are included.Read more