Indian Economy News
February 05, 2026
Strong demand lifts services Purchasing Managers Index (PMI) in January
India’s services Purchasing Managers Index (PMI) rose to 58.5 in January 2026 from 58.0 in December, driven by strong new orders and demand, boosting business confidence and contributing to a rise in the composite Purchasing Managers Index (PMI) to 58.4, indicating broad-based economic resilience.
The India-US trade agreement is hailed as a key milestone to fortify bilateral ties, protect sensitive sectors like agriculture and fertiliser, expand market access, and create opportunities for MSMEs, industry and workers, driving economic growth and India’s march towards Viksit Bharat.
India progresses rapidly in semiconductor and IT sectors with government-backed Semicon India Programme approving Rs. 1.6 Lakh Crore (US$ 17.78 billion) projects; IT industry revenue expected to reach US$ 283 billion in 2024-25, underpinning technology-led growth.
India and Estonia share a warm and cordial bilateral relationship
India and Estonia reaffirm warm and cordial bilateral ties at the 13th Foreign Office Consultations in Tallinn, focusing on trade, investment, digital cooperation, and cultural linkages, strengthening diplomatic and parliamentary bonds.
Airbus inaugurates a Centre of Excellence at Gati Shakti Vishwavidyalaya, Vadodara, strengthening India’s aerospace ecosystem through sustainable aviation research, student innovation and industry-academia collaboration.
HCLTech to transform aviation maintenance operations for HAESL
HCLTech will transform HAESL’s aviation maintenance operations by deploying its iMRO/4 asset management platform with SAP S/4HANA, improving efficiency, traceability and real-time workflow visibility.
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