The IMF raised India’s GDP growth forecast to 6.6% for 2025-26, citing strong Q1 performance, positioning India as the fastest-growing major economy ahead of China’s 4.8%.
LTIMindtree has secured a multi-year US$ 100 million deal with a US-based chemicals firm to deliver AI-driven IT services, strengthening its global digital transformation portfolio.
India’s MSME sector stayed resilient in Q2 FY26, supported by strong demand, lower input costs, and improved credit access, as most firms reported steady growth and rising business confidence.
Reliance Industries and Meta have formed REIL, a US$ 97.18 million joint venture to develop and market enterprise AI solutions in India, with Reliance holding a 70% stake and Meta 30%.
Insurance policy bookings surged 35% YoY during the 2025 festive season, driven by 0% GST, digital payments, and rising consumer focus on financial protection.
Prime Minister Mr. Narendra Modi said the India-ASEAN Comprehensive Strategic Partnership is strengthening global stability and growth, with 2026 declared the ASEAN-India Year of Maritime Cooperation.
India’s green building market is set to reach US$ 85 billion by FY32, growing 10.5% annually, driven by rising demand for certified sustainable spaces and higher investor returns.
The Union Cabinet approved a US$ 171 million scheme to boost critical mineral recycling, enhancing e-waste and battery scrap management to secure sustainable domestic supply chains.
Global fashion and luxury brands are rapidly expanding in India, driven by young consumers, rising incomes, and strong confidence, making it one of the world’s fastest-growing luxury markets.
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