3 hours ago

Chief Justice of India Surya Kant has called for strengthening alternative dispute resolution (ADR) mechanisms to support the growing economic relationship between India and the United Kingdom following the conclusion of the bilateral Free Trade Agreement (FTA). Speaking at the fourth edition of the International Conference on “Arbitrating Indo-UK Commercial Disputes” in London, he said the FTA is expected to increase bilateral trade by approximately USD 34 billion annually in the coming years. He emphasised that robust arbitration and mediation systems are essential to converting commercial confidence into practical business outcomes. Justice Kant also advocated joint arbitrator training programmes, affordable dispute resolution processes and stronger integration of mediation and arbitration to ensure accessibility for businesses of all sizes.Read more

12 Jun 2026

• India has identified 74 locations for new land ports, including three on the China border and six on the Pakistan border, to expand border infrastructure.
• The proposed facilities will support customs, immigration, cargo handling and security operations, strengthening cross-border trade and passenger movement.
• The expansion will be undertaken by the Land Ports Authority of India as part of a broader effort to improve logistics efficiency, connectivity and economic activity in border areas.Read more

09 Jun 2026

• India's economy grew 7.8% year-on-year in the January-March quarter, exceeding the 7.2% forecast by economists.
• Strong private investment, higher agricultural output and continued construction activity supported growth despite the initial impact of geopolitical tensions in West Asia.
• The National Statistics Office revised India's FY26 GDP growth estimate to 7.7%, slightly higher than its earlier projection of 7.6%.
• Economists noted that resilient domestic demand helped sustain growth, although private consumption remained uneven in some segments.
• Analysts expect growth to moderate in FY27 amid risks from elevated energy prices, geopolitical uncertainties, inflationary pressures and concerns over monsoon conditions.Read more

25 May 2026

Maharashtra Chief Minister Devendra Fadnavis said the state is on track to become a USD 1 trillion economy by 2030, backed by growth in infrastructure, artificial intelligence, startups and innovation-led sectors. Speaking at the ImagiNxt 2026 event in Mumbai, he said Maharashtra has already become the world’s 30th largest economy and could surpass the economies of Singapore and the UAE within the next few years. The state government is also increasing the use of AI across governance, agriculture and the criminal justice system while closely monitoring investment execution through dedicated mechanisms.Read more

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