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National Industrial Classification (NIC) 2025 On 18th November 2025, the Ministry of Statistics and Programme Implementation (MoSPI) released the National Industrial Classification (NIC) 2025. NIC 2025 updates the 2008 framework and aligns India’s industrial classification system with the United Nations’ International Standard Industrial Classification (ISIC) Revision 5. Aspect Details Objective NIC 2025 standardises economic activity
20 April, 2026 
District-Led Textiles Transformation (DLTT) Initiative On 8th January 2026, the Ministry of Textiles unveiled the District-Led Textiles Transformation (DLTT) Initiative at the National Textile Ministers Conference in Guwahati, Assam. The initiative aims to strengthen district-level textile development by creating export champions, self-reliant textile hubs, and inclusive growth across India’s textile landscape. Aspect Details Initiative DLTT
20 April, 2026
Tex-RAMPS Scheme The Government of India has approved the Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme to strengthen research, innovation and competitiveness in the textile sector. The scheme will support long-term textile sector development through improved research capacity, monitoring systems and start-up support mechanisms. Aspect Details Full Form Tex-RAMPS stands for Textiles Focused Research, A
20 April, 2026
Great Nicobar Island Mega-infrastructure Project On 16th February 2026, the National Green Tribunal (NGT) upheld the environmental clearance for the Great Nicobar mega-infrastructure project. The project aims to transform Great Nicobar Island into a major economic and strategic hub near the Malacca Strait, one of the world’s busiest shipping lanes. Aspect Details Project Overview The Great Nicobar Project is a planned mega-infrastructure pro
20 April, 2026
Great Nicobar Island Mega-infrastructure Project On 16th February 2026, the National Green Tribunal (NGT) upheld the environmental clearance for the Great Nicobar mega-infrastructure project. The project aims to transform Great Nicobar Island into a major economic and strategic hub near the Malacca Strait, one of the world’s busiest shipping lanes. Aspect Details Project Overview The Great Nicobar Project is a planned mega-infrastructure pro
20 April, 2026
Vizhinjam Seaport: India’s First Deep-Water Container Transshipment Port On 2nd May 2025, the Prime Minister inaugurated the Vizhinjam International Seaport in Kerala, positioning India as a major transshipment hub. The port aims to reduce India’s dependence on foreign transshipment ports through advanced infrastructure, natural depth and proximity to international shipping routes. Aspect Details Port Location Vizhinjam International S
20 April, 2026
Sagarmala Finance Corporation Limited: India’s First Maritime NBFC On 26th June 2025, the Ministry of Ports, Shipping and Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL). SMFCL has been positioned to support India’s maritime infrastructure development and strengthen the country’s long-term port-led growth strategy under the Amrit Kaal Vision 2047. Aspect Details Organisation Sagarmala Finance Corporati
20 April, 2026
Multi Modal Logistics Park On 30th April 2025, the Multi Modal Logistics Park Limited, Nagpur (MMLP Nagpur) at Sindi, Maharashtra commenced its commercial operations. The project aims to establish a faster logistics link and improve intermodal freight movement through better warehousing, cargo handling and transport connectivity. Aspect Details Project Multi Modal Logistics Park Limited, Nagpur is a logistics infrastructure project developed to su
20 April, 2026
Macro-Economic Overview The Survey revises India’s medium-term potential growth rate upward and reaffirms India’s position as the fastest-growing major economy. The revision reflects the impact of structural reforms, higher public capital expenditure and expanding digital infrastructure. Indicator Details Real GDP Growth Real GDP growth is estimated at 7.4% for FY26, surpassing previous projections. Potential Growth Rate
20 April, 2026
Monetary Management and Financial Sector India’s banking sector is currently witnessing its best financial health in a decade, supported by the “Twin Balance Sheet Advantage”. Improvements in asset quality, capital adequacy and financial sector reforms have strengthened overall monetary and banking stability. Aspect Details Banking Health The banking sector is experiencing its strongest position in a decade under the “Twin
Fiscal Developments India has shown remarkable fiscal resilience, supported by improved fiscal indicators and stronger revenue performance. In 2025, India also earned a sovereign credit rating upgrade from S&P to BBB, strengthening investor confidence. Aspect Details Fiscal Deficit Target India is on track to reach a fiscal deficit of 4.4% in FY26, while the budget estimate for FY27 is 4.3%. Debt-to-GDP Ratio The debt-to-GDP ra
20 April, 2026
Prices and Inflation India has recorded one of the sharpest declines in headline inflation among major emerging market economies. The moderation in inflation has been supported mainly by sharp disinflation in food prices and softer retail price pressures. Indicator Details Headline CPI Headline CPI inflation declined to 1.7% in FY26 (April–December) due to sharp disinflation in food prices. Core Inflation Core inflation appea
Agriculture and Food Management The Survey highlights a “Goldilocks combination” in agriculture, supported by timely monsoons, high reservoir levels and record production. Agriculture continues to be supported by strong allied-sector growth, while policy attention remains focused on productivity, food security and digital transformation. Aspect Details Agricultural Growth Agricultural growth is estimated at 3.1% for FY26. A
Services The services sector contributes more than 50% of India’s Gross Value Added (GVA) and continues to remain the mainstay of economic growth. India is witnessing expansion in Global Capability Centres, creative industries and the space economy, strengthening the services-led growth model. Aspect Details Services Contribution Services contribute more than 50% of India’s GVA, making the sector the primary driver of growth.
20 April, 2026
External Sector India’s total exports of goods and services reached a record USD 825 billion in FY25. The external sector remained supported by moderate current account deficit, strong forex reserves, high remittances and export diversification. Aspect Details Total Exports India’s goods and services exports reached a record USD 825 billion in FY25. Current Account Deficit The current account deficit moderated to 0.8% o
20 April, 2026
Industry India’s industrial strategy is increasingly shifting from simple assembly operations toward High-Tech Manufacturing and Strategic Indispensability. The focus is on strengthening domestic manufacturing capabilities, improving quality standards and building resilience in critical global supply chains. Aspect Details Industrial Focus The industrial sector is moving toward high-tech manufacturing and strengthening India’s position
Macroeconomic Framework and Fiscal Consolidation The budget is built on a decade of macroeconomic stability, with India maintaining a steady growth rate of approximately 7% despite global disruptions. The fiscal roadmap focuses on deficit reduction, debt consolidation, higher public investment and continued support for long-term growth. Fiscal Indicator Details Fiscal Deficit Target The government reached its previous goal of reducing the fiscal d
20 April, 2026
The Vision: Yuva Shakti and the Three Kartavyas The Budget 2026-27 is the first budget prepared in the newly named Kartavya Bhawan. The budget framework is guided by three core duties or Kartavyas, focusing on growth, youth empowerment and inclusive development. Kartavya Details First Kartavya Accelerate and sustain economic growth by enhancing productivity. Second Kartavya Fulfill aspirations and build the capacity of the youth, m
20 April, 2026
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