According to data by Bloomberg, India has slipped to the 7th position in global market capitalization (mcap) with a valuation of $4.84 trillion, while South Korea has ascended to the 6th position with $5.01 trillion.
The USA leads the global mcap rankings with $79.1 trillion, followed by China, Japan, and Hong Kong. Additionally, India’s share in the Morgan Stanley Capital International (MSCI) Global Standard Index has decreased from 21% in September 2024 to 12.3%.
The Government of India (GoI) has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles. These entities are expected to bring an investment of ₹2,339.14 crore and generate a turnover of ₹15,561.34 crore.
With this, a total of 96 companies have been selected under the third round of the scheme, with a cumulative committed investment of ₹12,822.67 crore and a projected turnover of ₹58,294.18 crore. The approved applicants operate in the Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles segments.
The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first export consignment of Geographical Indication (GI)-tagged Tezpur Litchi from Assam to Dubai.
The Government of India has constituted 6 sector-specific working groups to identify up to 100 products to enhance domestic manufacturing and decrease import dependency.
These working groups are chaired by Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I).
According to the “OECD Economic Outlook Under Pressure: June 2026” report released by the Organisation for Economic Cooperation and Development (OECD), India’s GDP growth is projected at 7.6% for FY26, 6.3% for FY27 (revised from 6.1%), and 6.4% for FY28. The report also projects India’s inflation to rise from 2.1% in FY26 to 4.8% in FY27.
The National Statistics Office (NSO) has released the Provisional Estimates (PE) of annual Gross Domestic Product (GDP) for the FY26 and the quarterly estimates for the fourth quarter (Q4) of FY26.
India’s real GDP growth for FY26 is estimated at 7.7%, reflecting a 60 basis points (bps) increase from 7.1% in FY25. Real GDP at constant (2022-23) prices is estimated at ₹323.12 lakh crore for FY26, compared to ₹299.89 lakh crore in the First Revised Estimates (FRE) for FY25
Nominal GDP at current prices grew by 8.9% in FY26 to reach ₹346.36 lakh crore, compared to 9.7% growth and a value of ₹318.07 lakh crore in the previous financial year. These estimates are based on a revised base year of 2022-23, which was introduced by the Ministry of Statistics and Programme Implementation (MoSPI) in February 2026, replacing the previous 2011-12 base year.
In Q4 FY26, real GDP grew by 7.8%, with the value estimated at ₹87.77 lakh crore, up from ₹81.40 lakh crore in Q4 FY25. Meanwhile, nominal GDP in Q4 FY26 registered a growth rate of 9.1%, reaching an estimated value of ₹94.65 lakh crore compared to ₹86.75 lakh crore in Q4 FY25.
The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever commercial export of fresh mangoes from Jharkhand to the United Kingdom.
The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand.
This initiative is expected to boost the agri-food exports of India, increase the income of farmers, and strengthen the agri-export ecosystem.
Union Minister Shivraj Singh Chouhan has released the Third Advance Estimates of Production of Major Agricultural Crops for the 2025–26 crop year. India’s total foodgrain production is estimated at a record 376.56 million tonnes (MT) for 2025–26, marking a 5.3% increase over the previous year’s production of 357.73 MT.
Rice production is estimated at a record 154.02 MT, while wheat production is projected to increase by 2.29% to reach 120.65 MT. Total oilseeds production is estimated at 43.05 MT, which includes 13.07 MT of groundnut, 12.59 MT of soyabean, and 13.76 MT of rapeseed and mustard.
The Taiwan Stock Exchange has surpassed India to become the world’s 5th largest stock market, with a market capitalization of $4.95 trillion compared to India’s $4.92 trillion.
The leading global equity markets, ranked by market capitalization, include the USA, China, Japan, Hong Kong, Taiwan, India, and South Korea.
Japan has suspended all fresh mango imports from India for the 2026 season, following the identification of critical safety lapses at Indian export processing centres.
This suspension, issued by the Yokohama Plant Protection Association, halts 20 years of uninterrupted trade during the peak summer harvesting window.
According to the “World Economic Situation and Prospects 2026” report released by the UN Department of Economic and Social Affairs (UN-DESA), the GDP growth of India for FY27 is revised down to 6.4% from the previous projection of 6.6%. The growth forecast for FY28 is also reduced to 6.6%.
According to a report by ICRA Ltd (formerly Investment Information and Credit Rating Agency of India Limited), the Gross Domestic Product (GDP) growth of India for FY27 is revised down by 30 basis points (bps) to 6.2%, compared to its previous estimate of 6.5%. The GDP growth for FY26 is projected at 7.5%.
According to the Ministry of Commerce and Industry (MoC&I), the European Union (EU) has emerged as the third-largest seafood export market for India in FY26, after the USA and China. India’s seafood exports to the EU stood at $1.593 billion, contributing 18.94% of the total seafood export value and showing robust growth in both value and quantity.
According to the Mid-Year Outlook report released by Morgan Stanley, India’s real GDP growth forecast for FY27 has been revised upward by 50 basis points (bps) to 6.7%. The report projects the GDP growth for FY28 at 7%. Additionally, India’s inflation is expected to average 4.7% for FY27.
The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops for the 2026-27 marketing season. The highest absolute increases in MSP compared to the previous year were for sunflower seeds (₹622 per quintal), cotton (₹557 per quintal), and sesamum (₹500 per quintal).
Among major food grains, the MSP for common paddy has been raised to ₹2,441 per quintal (an increase of ₹72), while the rate for Grade A paddy is set at ₹2,461 per quintal.
Gujarat CM Bhupendra Patel has inaugurated the second edition of the “India Aircraft Leasing and Financing Summit” (IALFS 2.0) at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.
The summit was organised through a collaboration between the Ministry of Civil Aviation (MoCA), the International Financial Services Centres Authority (IFSCA), and the Federation of Indian Chambers of Commerce & Industry (FICCI). Union Minister Ram Mohan Naidu presided over the summit. During the event, he highlighted that India is set to emerge as the third-largest civil aviation market in the world by 2035.
The Cabinet Committee on Economic Affairs (CCEA) has approved the increase of Fair and Remunerative Price (FRP) for sugarcane to ₹365 per quintal for the 2026-27 season. This is based on a 10.25% basic recovery rate and marks a 2.81% increase from the ₹355 per quintal rate of the 2025-26 season. The new price will be effective from October 2026.
The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced an updated Standard Operating Procedure (SOP) to expedite the clearance of Foreign Direct Investment (FDI) proposals. The new SOP identifies 40 sub-sectors, where FDI proposals from countries sharing land borders with India will be processed within 60 days.
The expedited timeline applies to investments from China, Pakistan, Bangladesh, Nepal, Bhutan, Myanmar, and Afghanistan. These 40 sub-sectors are grouped into 6 primary segments: capital goods manufacturing, electronic capital goods and components, advanced battery components, polysilicon and wafers, rare earth processing, and rare earth permanent magnets.
