Latest News on the Indian Economy
May 12, 2026
The proposed Multi Lane Free Flow toll system is expected to reduce toll collection operating costs to 3-4%, improving efficiency, reducing congestion and supporting smarter transport infrastructure across India.
Union Minister Mr. Ashwini Vaishnaw stated that AI, semiconductors and railways will drive India’s next growth phase by strengthening infrastructure, manufacturing, digital innovation and technological self-reliance.
India plans ‘Made in India’ brand scheme, targets gaps in domestic manufacturing
India plans to launch a ‘Made in India Brand Scheme’ to boost domestic manufacturing, improve product quality assurance, strengthen global competitiveness and reduce import dependence across strategic sectors.
India’s economy is projected to grow by 6.6% in FY27: SBI Research Report
SBI Research projects India’s economy to grow by 6.6% in FY27, driven by resilient domestic demand, robust credit growth, and strong rural and urban consumption despite global uncertainties.
The Ministry of Mines will launch the second tranche of limestone block auctions in Jammu and Kashmir to support industrial development, mining investments and infrastructure-led economic growth in the region.
Novartis Expands India Role in Global Drug Development
Novartis is expanding India’s role in global drug development through increased focus on research, clinical operations, AI-enabled innovation and advanced pharmaceutical capabilities.
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