Economy News ( English version)

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  • Indian officials to testify before US Trade Representative to counter tariff move July 3, 2026
    India is set to strongly contest proposed US tariffs next week, arguing that allegations of forced labour are legally unsound and will harm American businesses. Indian industry representatives will present a robust counter at a public hearing, highlighting the country's comprehensive legal framework and compliance measures.
  • Assam produces Matcha tea for first time, fetches Rs 3,000 per kg at auction July 3, 2026
    Assam has officially entered the premium Matcha tea market, with the state's first commercially produced batch fetching an impressive Rs 3000 per kg at auction. This significant development, spearheaded by the Chota Tingrai Tea Estate, marks India's debut in this high-value segment. Chief Minister Himanta Biswa Sarma highlighted the move as a boost […]
  • India aims for $1 trillion exports this fiscal year, says Piyush Goyal July 3, 2026
    India is targeting a monumental $1 trillion in exports this fiscal year, a significant leap from last year's $863 billion. Union Minister Piyush Goyal revealed the ambitious plan, which requires merchandise exports to surge by 17% to approximately $530 billion, while services exports are projected to grow by 11% to nearly $470 billion. This strategic pu […]
  • HUDCO to provide up to $10.50 billion loan for Bihar infrastructure projects July 3, 2026
    Bihar is set to receive a massive financial boost for its urban development. Housing and Urban Development Corporation (HUDCO) has inked a preliminary deal to offer up to ₹1 trillion ($10.50 billion) in loans over five years. These funds will fuel urban infrastructure projects, including land acquisition, and even support the creation of new satellite cities […]
  • India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26 July 3, 2026
    India's foreign exchange reserves experienced a significant dip of $5.65 billion, reaching $666.93 billion by June 26, 2026. This follows a prior week's gain. The primary driver of this decline was a reduction in foreign currency assets and a notable decrease in gold reserves. Special Drawing Rights and India's IMF position also saw minor cont […]

 

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