Economy News ( English version)

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  • India's households miss global shift to financial assets: UBS July 12, 2026
    Global personal wealth increased significantly in 2025 due to strong financial markets. India's household wealth, however, remains dominated by property and physical assets. Financial assets constitute only about twenty-six percent of gross wealth in India. This composition differs greatly from many developed economies and China. Indian households also […]
  • Recycling body MRAI urges govt to remove 2.5% duty on aluminium scrap July 12, 2026
    The recycling industry is urging the government to abolish a duty on aluminium scrap. This removal will lower input costs for domestic manufacturers and recyclers. India currently imports most of its aluminium scrap to meet industrial demand. The secondary aluminium sector supports many jobs and contributes to the circular economy. Other major base metal scr […]
  • India, Canada conclude third round of talks on proposed trade pact July 12, 2026
    India and Canada concluded their third CEPA negotiation round in Ottawa. Both nations aim to finalize this comprehensive economic partnership agreement this year. Discussions covered trade in goods, services, and intellectual property rights. Bilateral trade targets fifty billion US dollars by the year 2030. This agreement seeks to strengthen economic ties b […]
  • 'Agreed upon new deal that builds on FTA': New Zealand PM hails PM Modi's visit July 12, 2026
    India and New Zealand elevated their bilateral ties to a strategic partnership. Both nations aim to double bilateral trade between them by the year 2030. Prime Minister Christopher Luxon stated this will boost jobs and wages in New Zealand. Extensive discussions covered trade, defense, and cultural exchanges between the leaders. Several Memoranda of Understa […]
  • India, New Zealand elevate ties to strategic partnership; launch 2030 roadmap July 11, 2026
    India and New Zealand elevated their bilateral ties to a strategic partnership. They set a target to double annual trade to thirty-five thousand crore rupees. Defense agreements included mutual logistics support and maritime cooperation. A roadmap for 2030 will guide structured implementation of the partnership. Both nations also agreed on a joint working gr […]

 

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