Page 18 - Indian Economy
World Food India: Govt expects ₹1 trn investment in food processing sector
World Food India 2025 is set to draw over Rs 1 trillion in investments, with Reliance, Coca-Cola, Amul and Olam Foods signing MoUs worth Rs 75,000 crore on the opening day
 "World Food India: Govt expects ₹1 trn investment in food processing sector")
GST cut will give impetus to demand: Tata Consumer's Sunil D'Souza
Tata Consumer MD Sunil D'Souza says GST cuts and increased government spending will put more money in consumers' hands, boosting demand and driving long-term growth
 "GST cut will give impetus to demand: Tata Consumer's Sunil D'Souza")
Industrial classification set for a makeover, in line with new-age economy
An overhaul of the National Industrial Classification framework seeks to include multiple new activities that better capture a changing economy, data from which is expected to help policymaking
 "Industrial classification set for a makeover, in line with new-age economy")
Will support brownfield projects with 25% of ₹8.2K cr fund: Shipping secy
Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards
 "Will support brownfield projects with 25% of ₹8.2K cr fund: Shipping secy")
Green H2 production cost to fall below $3 per kg soon: Hardeep Singh Puri
The government has awarded 900,000 tonnes per annum production capacity of green hydrogen to 19 companies under the National Green Hydrogen Mission
 "Green H2 production cost to fall below $3 per kg soon: Hardeep Singh Puri")
GSTAT rollout from Oct to ease GST litigation and unlock business capital
The GST Appellate Tribunal will begin phased rollout in October 2025 with digital filing, faster appeals, and backlog clearance to ease GST litigation and free up capital
 "GSTAT rollout from Oct to ease GST litigation and unlock business capital")
September RBI bulletin: Stage is set for 'virtuous cycle' of investment
Net FDI inflows at 38 month high in July; GST rate cut to lower retail prices, boost consumption
 "September RBI bulletin: Stage is set for 'virtuous cycle' of investment")
India records lowest solar-plus-storage tariff at MP Morena project
The bidders included Acme Solar, Adani Renewable, AMPIN Energy, Apraava Energy, CEIGALL India, Dilip Buildcon, Engie, MB Power, NTPC Renewable Energy, Purvah Green, ReNew Solar, Serentica Renewables
 "India records lowest solar-plus-storage tariff at MP Morena project")
SME tracker: Global headwinds to slow down growth for ITeS MSMEs
In FY25, revenue grew an estimated 11 per cent in rupee terms to ₹4.4 trillion, supported by increased offshore workloads from cost-conscious global clients
 "SME tracker: Global headwinds to slow down growth for ITeS MSMEs")
India leads global flex office market, to cross 100 mn sq ft by 2026: C&W
India has topped the global flex office maturity index, with Cushman and Wakefield projecting stock to cross 100 mn sq ft by 2026 on strong demand and operator expansion
 "India leads global flex office market, to cross 100 mn sq ft by 2026: C&W")
Japan's R&I upgrades India's currency rating to BBB+; outlook stable
R&I upgrade comes as RBI rate cuts, GST revamp and resilient domestic demand boost confidence in India's economic outlook
 "Japan's R&I upgrades India's currency rating to BBB+; outlook stable")
Tariff turbulence: When Tamil Nadu's Dollar Town hangs by a thread
The knitwear hub battles shrinking US demand, steep discounts, job cuts, and rising competition from global rivals
 "Tariff turbulence: When Tamil Nadu's Dollar Town hangs by a thread")
US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran
Chief Economic Advisor V Anantha Nageswaran said, according to his intuition, the penal tariff was unlikely to continue beyond November 30
 "US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran")
Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank
 "Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra")
Rajasthan govt plans new strategy to further raise mining
According to a mines department official, a "concrete strategy", which includes aspects like recovery of dues, is being developed
 "Rajasthan govt plans new strategy to further raise mining")
GST reforms infused ₹2 trillion in Indian economy: Nirmala Sitharaman
The finance minister also said the GST revenues grew to ₹22.08 trillion in 2025 from when it was introduced
 "GST reforms infused ₹2 trillion in Indian economy: Nirmala Sitharaman")
From space to drones, PM Modi-era will be known for deep-tech forays
The confluence of technology, nationalism and communication skills of PM Modi can be appreciated from his interventions during emergencies
 "From space to drones, PM Modi-era will be known for deep-tech forays")
US plan to slap tariffs on India and China risks global trade backlash
Since India has none of China's bargaining chips, Trump has found it easy to target it for buying discounted Russian oil, a threat of further punishment, however, could backfire
 "US plan to slap tariffs on India and China risks global trade backlash")
Wagon buying chugs along at slow pace: Target falls short by 40% in FY26
As of July, the Ministry of Railways has managed to procure around 6,703 wagons from the private and public sector undertakings, 5,300 short of its four-month target of 12,000 wagons.
 "Wagon buying chugs along at slow pace: Target falls short by 40% in FY26")
India, US back on deal table: Chief negotiator-level meeting on Tuesday
The development comes even as White House senior trade advisor Peter Navarro reiterates his criticism of India's purchase of Russian oil
 "India, US back on deal table: Chief negotiator-level meeting on Tuesday")