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The Economic Times (India) – Economy

The Economic Times (India) – Economy

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India economy coverage: growth, policy, trade and markets.

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Delhi-Katra Expressway Construction on Track, Will Be Completed by March 2027: NHAI
News•Feb 25, 2026

Delhi-Katra Expressway Construction on Track, Will Be Completed by March 2027: NHAI

The National Expressway 5, linking Delhi, Amritsar and Katra, is slated for completion by March 2027 after a slowdown caused by Operation Sindoor and severe flooding. Construction, which began in April 2021, has regained momentum using segmental bridge technology and an elevated 21.5‑km corridor. The expressway will shrink the Delhi‑Katra distance to 588 km and cut travel time to roughly six hours, creating a dedicated religious corridor between the Golden Temple and Mata Vaishno Devi. It also offers strategic benefits for defence forces along the border region.

By The Economic Times (India) – Economy
Nepal's Soyoil Exports to India Jump Tenfold on Duty Free Access
News•Feb 25, 2026

Nepal's Soyoil Exports to India Jump Tenfold on Duty Free Access

Nepal's soybean oil exports to India surged more than tenfold in 2025, reaching a record 694,153 metric tons and generating over $1 billion in revenue. The growth was driven by duty‑free access under the South Asian Free Trade Agreement, allowing Nepal...

By The Economic Times (India) – Economy
Unlocking Rs 40 Lakh Crore: Govt's Mega Bet on India's Infra Future
News•Feb 25, 2026

Unlocking Rs 40 Lakh Crore: Govt's Mega Bet on India's Infra Future

Finance Minister Nirmala Sitharaman launched NMP 2.0, a second‑phase asset‑monetisation drive that targets over 2,000 public infrastructure assets across 12 ministries. The programme aims to generate Rs 16.7 lakh crore in total proceeds, with Rs 10.8 lakh crore expected between 2025‑26 and 2029‑30. Revenues will be recycled...

By The Economic Times (India) – Economy
Fresh Math for World's Fastest Growing Economy: What's Behind India's GDP Revision and Why It Matters
News•Feb 25, 2026

Fresh Math for World's Fastest Growing Economy: What's Behind India's GDP Revision and Why It Matters

India will revise its GDP series on Feb 27, moving the base year from 2011‑12 to 2022‑23 to better reflect digital services, renewable energy and post‑pandemic consumption patterns. The overhaul introduces double‑deflation accounting, the Proportional Denton method for quarterly‑annual alignment, and...

By The Economic Times (India) – Economy
India Is Conducting Exercise for Mapping Import Reliance
News•Feb 24, 2026

India Is Conducting Exercise for Mapping Import Reliance

India’s Department for Promotion of Industry and Internal Trade (DPIIT) has launched an exercise to map import reliance by cataloguing goods that lack domestic manufacturing across all ministries. The initiative will compile five‑year public procurement data, targeting the $650 billion import...

By The Economic Times (India) – Economy
Government Allows Export of 25 Lakh Tonnes of Wheat
News•Feb 24, 2026

Government Allows Export of 25 Lakh Tonnes of Wheat

The Indian government has approved a limited export of 25 lakh metric tonnes of wheat and an additional five lakh tonnes of wheat products, despite the overall export ban remaining in force. The decision, taken in January and notified by...

By The Economic Times (India) – Economy
India Overhauls GDP Data to Improve Accuracy, Official Says
News•Feb 24, 2026

India Overhauls GDP Data to Improve Accuracy, Official Says

India will revamp its real‑GDP calculation by adopting a double‑deflation approach that blends 500‑600 price items from the consumer‑price index and the wholesale‑price index, replacing the earlier 180‑item basket. The new methodology, slated for release on 27 February with a...

By The Economic Times (India) – Economy
India’s Refund Rollback Lands Exporters with a Bigger Bill
News•Feb 24, 2026

India’s Refund Rollback Lands Exporters with a Bigger Bill

India’s Directorate General of Foreign Trade has slashed RoDTEP export rebates by 50%, cutting both rates and value caps across all eligible categories. The move raises the effective cost of exporting, especially for price‑sensitive goods such as textiles and raw...

By The Economic Times (India) – Economy
Piyush Goyal Virtually Interacts with Canada Minister Maninder Sidhu, Discusses Comprehensive Economic Partnership Agreement
News•Feb 24, 2026

Piyush Goyal Virtually Interacts with Canada Minister Maninder Sidhu, Discusses Comprehensive Economic Partnership Agreement

Union Commerce Minister Piyush Goyal held a virtual meeting with Canada’s International Trade Minister Maninder Sidhu to revive the stalled India‑Canada Comprehensive Economic Partnership Agreement (CEPA). The dialogue coincides with Canadian Prime Minister Mark Carney’s upcoming visit to India and...

By The Economic Times (India) – Economy
Kazakhstan to Supply Fresh Uranium to India Under New Deal to Fuel Nuclear Power Plants
News•Feb 23, 2026

Kazakhstan to Supply Fresh Uranium to India Under New Deal to Fuel Nuclear Power Plants

Kazakhstan’s state‑controlled miner Kazatomprom announced a new contract to supply fresh uranium to India, reinforcing the latter’s nuclear fuel pipeline. The deal follows earlier agreements that delivered 2,100 tonnes in 2009 and 5,000 tonnes between 2015‑19. While exact volumes were...

By The Economic Times (India) – Economy
Govt Plans Study to Assess Impact of Formalisation on Workers
News•Feb 23, 2026

Govt Plans Study to Assess Impact of Formalisation on Workers

The Indian government has commissioned a study to evaluate how rapid formalisation and digital transformation are affecting workers, especially those in the informal sector. The finance ministry tasked the labour ministry and EPFO to conduct the research through the Pandit...

By The Economic Times (India) – Economy
India-France Tax Shift Threatens P-Note Trade
News•Feb 22, 2026

India-France Tax Shift Threatens P-Note Trade

India is poised to amend its treaty with France, stripping French investors of the capital‑gains exemption for holdings under 10% and raising dividend withholding to 15% for those stakes. The change would also halve the dividend tax to 5% for...

By The Economic Times (India) – Economy
EU-India FTA to Unlock Trade Growth, AI Collaboration and Resilient Supply Chains: Austrian Official
News•Feb 22, 2026

EU-India FTA to Unlock Trade Growth, AI Collaboration and Resilient Supply Chains: Austrian Official

The European Union and India have reached a landmark free‑trade agreement that will slash tariffs on the vast majority of bilateral trade, covering 96.6% of EU exports to India and 99.5% of Indian exports to the EU. Austrian State Secretary...

By The Economic Times (India) – Economy
US Tariffs on India Reset to 15% After Supreme Court Ruling: How Did Duties Swing From 26% to 50% and...
News•Feb 22, 2026

US Tariffs on India Reset to 15% After Supreme Court Ruling: How Did Duties Swing From 26% to 50% and...

The U.S. Supreme Court ruled that the International Emergency Economic Powers Act cannot be used to impose sweeping global tariffs, forcing the Trump administration to abandon the IEEPA‑based duties on India. Hours later, President Trump invoked Section 122 of the Trade...

By The Economic Times (India) – Economy
US-India Trade Marathon Eyes April Finish Line
News•Feb 20, 2026

US-India Trade Marathon Eyes April Finish Line

India and the United States are moving toward an interim trade agreement that is expected to be signed in April, Union Commerce Minister Piyush Goyal announced. Negotiators will convene in Washington from Feb 23 to finalize the legal text, converting a...

By The Economic Times (India) – Economy
India Sets ₹25,000 Crore Export Engine in Motion as Goyal Launches Plan
News•Feb 20, 2026

India Sets ₹25,000 Crore Export Engine in Motion as Goyal Launches Plan

India’s Commerce Minister Piyush Goyal launched the ₹25,060‑crore Export Promotion Mission (EPM), a six‑year programme designed to boost outbound shipments and simplify export processes. The initiative consolidates multiple support schemes into a single, digitally driven framework aimed at micro, small...

By The Economic Times (India) – Economy
Pax Silica Pact: India Plugs Into US Tech Alliance to Secure Chips, AI and Critical Minerals
News•Feb 20, 2026

Pax Silica Pact: India Plugs Into US Tech Alliance to Secure Chips, AI and Critical Minerals

India signed the Pax Silica Declaration at the India AI Impact Summit, formally joining the U.S.-led technology coalition that spans semiconductors, artificial intelligence and critical minerals. The pact reinforces a full‑stack supply‑chain partnership aimed at reducing reliance on hostile or coercive...

By The Economic Times (India) – Economy
Infra Sector Outlook Cautious as Weak Q3 Performance Leads to 4% YoY Contraction: Nuvama Research
News•Feb 20, 2026

Infra Sector Outlook Cautious as Weak Q3 Performance Leads to 4% YoY Contraction: Nuvama Research

India's infrastructure sector posted a 4% year‑on‑year revenue contraction in Q3 FY26, driven by eroding order books, payment delays, prolonged monsoons and construction bans. Average EBITDA margin slipped 40 basis points to 10.1%, while adjusted PAT margin fell to 5.2%....

By The Economic Times (India) – Economy
Labour Codes: Nearly Two Dozen Employer Compliances Listed
News•Feb 19, 2026

Labour Codes: Nearly Two Dozen Employer Compliances Listed

India’s labour and employment ministry has issued a handbook detailing nearly two dozen compliance obligations for employers under the four newly‑enforced labour codes. The codes—covering wages, social security, industrial relations, and occupational safety—replaced 29 legacy statutes on 21 November 2025. Obligations are...

By The Economic Times (India) – Economy
India-EU FTA to Open New Avenues for Trade, Investment: PM Modi, Greek Counterpart
News•Feb 19, 2026

India-EU FTA to Open New Avenues for Trade, Investment: PM Modi, Greek Counterpart

Prime Minister Narendra Modi and Greek Prime Minister Kyriakos Mitsotakis affirmed that the recently concluded India‑EU Free Trade Agreement will unlock fresh trade and investment opportunities between India and the European Union. The leaders discussed expanding cooperation under the India‑Middle East‑Europe...

By The Economic Times (India) – Economy
India-France to Set up National Centre of Excellence (NCoE) in Kanpur
News•Feb 19, 2026

India-France to Set up National Centre of Excellence (NCoE) in Kanpur

India and France announced a joint National Centre of Excellence (NCoE) in Kanpur to deliver advanced aeronautics and defence skill training. The centre will operate under the PM‑SETU scheme, which earmarks Rs 60,000 crore to modernise 1,000 ITIs across India. It will...

By The Economic Times (India) – Economy
India–US Deal Under Fire as Kisan Bodies Call It ‘Anti-Farmer’, Urge President to Stop It
News•Feb 18, 2026

India–US Deal Under Fire as Kisan Bodies Call It ‘Anti-Farmer’, Urge President to Stop It

The Samyukt Kisan Morcha (SKM) has condemned the interim India‑US trade agreement, branding it anti‑farmer and urging President Droupadi Murmu to halt its signing. The coalition demanded the removal of the commerce minister and the IAS officer who signed a...

By The Economic Times (India) – Economy
States Urged to Expedite Capex Proposals, Use up Funds Before March 31
News•Feb 17, 2026

States Urged to Expedite Capex Proposals, Use up Funds Before March 31

The Department of Expenditure has urged Indian states to fast‑track pending proposals under the Special Assistance to States for Capital Expenditure (SASCI) scheme as the March 31 deadline approaches. To date, ₹1.04 lakh crore has been released, and the FY26 Union Budget has...

By The Economic Times (India) – Economy
Sarbananda Sonowal Hails PM Modi’s Trade Push, Calls It Break From Congress Era
News•Feb 17, 2026

Sarbananda Sonowal Hails PM Modi’s Trade Push, Calls It Break From Congress Era

Union Minister Sarbananda Sonowal praised Prime Minister Narendra Modi’s trade agenda, saying it marks a decisive break from the Congress era of policy paralysis. He highlighted nine free‑trade agreements signed since 2014 that give India preferential access to 38 developed economies and...

By The Economic Times (India) – Economy
NHAI Gets Rs 12,357 Cr Towards Monetisation for 2025-26; Lower than the Budgeted and Revised Estimate of Rs 15,000 Cr
News•Feb 17, 2026

NHAI Gets Rs 12,357 Cr Towards Monetisation for 2025-26; Lower than the Budgeted and Revised Estimate of Rs 15,000 Cr

India's National Highways Authority (NHAI) has been allocated Rs 12,357 crore for FY 2025‑26 to monetize highway assets, falling short of the Rs 15,000 crore budgeted amount. The agency plans to monetize 24 road assets covering 1,472 km, with Maharashtra receiving the highest number of projects....

By The Economic Times (India) – Economy
Indian Rice Exporter Seals 5,000-Tonne US Deal: IREF
News•Feb 17, 2026

Indian Rice Exporter Seals 5,000-Tonne US Deal: IREF

A member of the Indian Rice Exporters Federation (IREF) has secured a contract to ship 5,000 tonnes of basmati rice to a United States buyer. The agreement arrives shortly after the India‑US trade pact lowered tariffs on Indian goods from 25% to...

By The Economic Times (India) – Economy
India’s Next Big Power Move Is Set to Unfold in the Bay of Bengal
News•Feb 17, 2026

India’s Next Big Power Move Is Set to Unfold in the Bay of Bengal

India’s National Green Tribunal has approved the Rs 90,000‑crore Great Nicobar mega‑infrastructure project, clearing the way for a new International Container Transshipment Port at Galethea Bay. The first phase, slated for 2028, will handle over 4 million TEUs annually, with full capacity...

By The Economic Times (India) – Economy
Cash Craze: Currency in Circulation Touches Record Rs 40 Lakh Crore
News•Feb 17, 2026

Cash Craze: Currency in Circulation Touches Record Rs 40 Lakh Crore

India's currency in circulation reached a record Rs 40 lakh crore in January 2026, up 11.1% year‑on‑year, while the cash‑to‑GDP ratio slipped to about 11.2%, down from a pandemic peak of 14.4%. Over the past decade, cash holdings have risen from Rs 11.8 lakh crore in...

By The Economic Times (India) – Economy
India's Textile and Apparel Exports Down by 3.75% in January, Outlook Improves Now with India US Interim Deal
News•Feb 17, 2026

India's Textile and Apparel Exports Down by 3.75% in January, Outlook Improves Now with India US Interim Deal

India's textile and apparel exports fell 3.75% in January 2026, dropping to $3.27 billion from $3.40 billion a year earlier, primarily due to U.S. tariffs that remained until February 7. Cotton yarn, fabrics and handloom products declined over 4%, while carpet and jute...

By The Economic Times (India) – Economy
FM Nirmala Sitharaman to Push Biopharma, Semiconductor Missions in Norway
News•Feb 16, 2026

FM Nirmala Sitharaman to Push Biopharma, Semiconductor Missions in Norway

Finance Minister Nirmala Sitharaman arrived in Oslo to promote India’s Biopharma SHAKTI programme and Semiconductor Missions 2.0, seeking long‑term capital from Norwegian partners. She will meet Prime Minister Jonas Gahr Store, Finance Minister Jens Stoltenberg, and startup leaders at Oslo Science Park to showcase a ₹10,000‑crore,...

By The Economic Times (India) – Economy
Unemployment Rate up a Tad to 5% in January, Higher Rise for Females
News•Feb 16, 2026

Unemployment Rate up a Tad to 5% in January, Higher Rise for Females

India’s unemployment rate ticked up to 5 % in January, a modest rise from 4.8 % in December. The increase was driven primarily by a sharper jump in female joblessness, which reached 5.6 % versus 4.8 % for men. Urban unemployment climbed to 7 %...

By The Economic Times (India) – Economy
India, UK Making Genuine Effort to See if FTA Can Be Operationalised in April: Commerce Secy
News•Feb 16, 2026

India, UK Making Genuine Effort to See if FTA Can Be Operationalised in April: Commerce Secy

India and the United Kingdom are pushing to operationalise their Comprehensive Economic and Trade Agreement (CETA) by April, aiming to grant duty‑free access to 99 percent of Indian exports. The pact still requires approval from the UK Parliament before it can...

By The Economic Times (India) – Economy
No Question of Ethanol Inclusion in India-US Deal: ISMA’s Deepak Ballani
News•Feb 16, 2026

No Question of Ethanol Inclusion in India-US Deal: ISMA’s Deepak Ballani

India’s sugar and ethanol sectors remain outside the India‑US trade talks, with ISMA Director General Deepak Ballani confirming that ethanol is explicitly excluded and sugar export quotas have been modestly raised to 20 LT for 2025‑26. He warns that the limited quota‑based...

By The Economic Times (India) – Economy
Cabinet Clears Rs 11,000 Crore Highway Projects in Maharashtra, Gujarat, Telangana Under PM GatiShakti
News•Feb 14, 2026

Cabinet Clears Rs 11,000 Crore Highway Projects in Maharashtra, Gujarat, Telangana Under PM GatiShakti

The Cabinet Committee on Economic Affairs approved highway projects worth over Rs 11,000 crore across Maharashtra, Gujarat and Telangana. Maharashtra will upgrade a 154.6‑km stretch of NH‑160A for Rs 3,320.38 crore, Gujarat will build a 107.67‑km 4‑lane segment of NH‑56 for Rs 4,583.64 crore, and Telangana...

By The Economic Times (India) – Economy
Cabinet Clears Rs 1 Lakh Crore for India's Big Urban Reset; Aims to Unlock Rs 4 Lakh Crore Investment
News•Feb 14, 2026

Cabinet Clears Rs 1 Lakh Crore for India's Big Urban Reset; Aims to Unlock Rs 4 Lakh Crore Investment

The Indian cabinet approved a Rs 1 lakh crore Urban Challenge Fund (UCF) to drive market‑led urban infrastructure over the next five years. The fund offers 25% central assistance, requiring cities to raise at least 50% of project costs from bonds, loans or...

By The Economic Times (India) – Economy
New Rules for M&A Financing, Loans Against Shares
News•Feb 13, 2026

New Rules for M&A Financing, Loans Against Shares

The Reserve Bank of India issued final guidelines allowing banks to fund acquisitions only when the acquirer already controls the target and seeks to increase its stake from 26% to 90%. Borrowers must have at least ₹500 crore net worth, three...

By The Economic Times (India) – Economy
Trade Pacts Will Open New Markets & Won't Hurt Farmers, Assures Chirag Paswan
News•Feb 13, 2026

Trade Pacts Will Open New Markets & Won't Hurt Farmers, Assures Chirag Paswan

India’s decade‑long reform agenda, highlighted by UPI, GST and digital payment schemes, is now bearing fruit, according to Food Processing Minister Chirag Paswan. New free‑trade agreements, especially the pending pact with the United States, are expected to unlock fresh export...

By The Economic Times (India) – Economy

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