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Latest News on the Indian Economy

July 22, 2026

PLI Schemes Attract US$ 25.55 billion Investment, Generate 14.15 Lakh Jobs

India's PLI Schemes have attracted over US$ 25.55 billion in investments, generated more than 14.15 lakh jobs and enabled cumulative exports exceeding US$ 161.70 billion.

PMFME Scheme Crosses 2 Lakh Credit Sanctions, Boosting Rural Food Enterprises

The PMFME Scheme has crossed 2 lakh credit sanctions, strengthening micro food processing enterprises, promoting women-led entrepreneurship and supporting rural economic growth across India.

Government Expands FTAs and Export Initiatives to Diversify Global Markets

The Government is expanding Free Trade Agreements and strengthening export promotion initiatives, supported by a US$ 2.67 billion Export Promotion Mission, to diversify export markets and enhance India's global trade competitiveness.

India's Renewable Energy Capacity Reaches 288.58 GW

India's installed renewable energy capacity has increased from 76.38 GW in 2014 to 288.58 GW as of June 2026, supported by US$ 45.72 billion in FDI and US$ 131.06 billion in domestic financing.

ICRA Projects Stable Growth for India's Tractor Industry in FY27

ICRA expects India's tractor industry to record 1-4% volume growth in FY27, while healthy profitability, rising mechanisation and resilient rural demand continue to support the sector's long-term outlook.

Tourism Ministry Sanctions 117 Infrastructure Projects Worth US$ 612 million

The Ministry of Tourism has sanctioned 117 tourism infrastructure projects worth US$ 612 million over the last two years to strengthen destinations, improve visitor amenities and boost tourism-led economic growth.

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