India’s economy surged 7.8% in the first quarter of FY24, reaffirming its status as the world’s fastest-growing major economy amid a challenging global landscape. The robust growth was supported by strong private consumption, resilient services activity, and an uptick in government capital expenditure. While manufacturing output moderated slightly, steady expansion in construction, finance, trade, and public administration contributed to overall momentum.

EaseMyTrip, one of India’s leading online travel platforms, has announced the appointment of Nishant Pitti as its new Chairman and Managing Director (CMD). The leadership change reflects the company’s strategic vision of strengthening governance, enhancing operational efficiency, and steering the brand into its next phase of growth amid a rapidly evolving travel landscape.

Indian consumer goods major Emami Ltd. is charting fresh growth avenues by accelerating its international expansion. With a strong presence in personal care, healthcare, and Ayurvedic products, the company is strategically positioning itself to tap into emerging and developed markets across Asia, Africa, and the Middle East. The move reflects Emami’s ambition to diversify revenue streams, mitigate domestic demand fluctuations, and strengthen its global brand identity.

India’s foreign exchange reserves witnessed a modest decline, slipping to USD 690.72 billion as of the latest reporting period, according to official data released by the Reserve Bank of India (RBI). The dip highlights the central bank’s ongoing intervention in currency markets and the natural fluctuations in global asset valuations. While India continues to maintain one of the world’s largest forex buffers, the marginal decrease underscores the balancing act required to manage currency stability, external trade dynamics, and capital flows at a time of heightened global uncertainty.

JioHotstar has solidified its position as the world’s second-largest streaming platform, demonstrating the surging influence of India’s digital entertainment market. Leveraging a vast library of regional and international content, the platform has attracted millions of active subscribers, driven by strategic partnerships, live sports broadcasts, and premium entertainment offerings. Its rapid growth reflects shifting consumer behavior, where digital streaming increasingly surpasses traditional television viewership.

Hitachi Energy, a global leader in power and energy solutions, has announced a strategic investment of Rs 300 crore to expand its operations in India. The capital infusion aims to bolster manufacturing capacity, enhance research and development, and accelerate the deployment of renewable energy solutions across the country. This move reflects the company’s confidence in India’s growing energy transition market and underscores its commitment to sustainable development.

The gems and jewellery industry in Gujarat, a cornerstone of India’s export economy, is facing heightened uncertainty following the U.S. government’s decision to raise tariffs on select imports. As the United States remains one of the largest markets for Indian diamonds and jewellery, industry leaders warn that the increased duties could dampen demand, reduce profit margins, and disrupt supply chains.

The upcoming visit of the European Union’s Trade Commissioner to India marks a critical step in reviving long-stalled negotiations for a free trade agreement (FTA). With both sides eager to deepen economic ties, the discussions will address tariff barriers, market access, and regulatory frameworks across sectors such as automobiles, agriculture, pharmaceuticals, and digital trade. India views the partnership as vital for diversifying its export base and attracting investments, while the EU seeks to strengthen its foothold in one of the world’s fastest-growing economies.

The Indian Space Research Organisation (ISRO) has intensified efforts to share its cutting-edge technologies with domestic firms, aiming to accelerate private-sector participation in India’s rapidly evolving space economy. By transferring critical innovations to industry players, ISRO seeks to foster indigenous capabilities, reduce reliance on imports, and enable companies to commercialize advanced applications across sectors such as aerospace, communications, navigation, and defense.

India’s civil aviation sector experienced a slowdown in July, with domestic passenger traffic recording a marginal decline compared to the preceding month, according to the Directorate General of Civil Aviation (DGCA). While annual growth remained intact, the sequential dip highlighted seasonal factors, operational constraints, and pricing pressures that influenced passenger movement.