Commerce Minister Piyush Goyal urged BRICS nations to link payment systems, pitch UPI as a basis for cross-border cooperation and boost trade in local currencies. He also called for easier market access, resilient supply chains and greater services cooperation.
Economists surveyed by Mint project that India's consumer price index rose to a 20‑month high of about 4.9% in August, driven largely by food price pressures. The forecast places August inflation between 4.5% and 5.1%, edging close to the 5% mark.
India will host the BRICS summit in New Delhi on September 12-13, 2026, under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.” The report highlights that India’s trade with fellow BRICS members shows a $226 billion deficit despite growing intra‑bloc commerce.
The BRICS bloc, now comprising 11 nations and representing about 40% of global GDP, will hold its 2026 summit in India. The meeting is seen as a pivotal moment for emerging economies to influence worldwide economic dynamics.
India is preparing for the 2026 BRICS summit in New Delhi, aiming to advance trade, payments, energy security and supply‑chain cooperation while balancing relations with China, Russia and the Global South. The meeting will be hosted at Bharat Mandapam on Mathura Road, where officials hope to translate diplomatic engagement into economic gains.
Commerce Minister Piyush Goyal urged BRICS to create a common trade platform and operationalise a Women’s Advancement Fund to help small and women‑led exporters access credit, buyers and predictable rules. He highlighted India’s progress in women’s financial inclusion and called for sector‑specific delegations, electronic documentation and expanded services trade within the bloc.
India’s commerce minister Piyush Goyal met Thailand’s deputy prime minister and commerce minister Suphajee Suthumpun in New Delhi to discuss expanding bilateral trade, investment and the review of the Asean‑India Trade in Goods Agreement (AITIGA). The talks highlighted a record $20.93 billion trade flow in FY2025 and a widening Indian trade deficit of about $10.8 billion.
Brent crude breached the $100 per barrel mark as fighting intensified in West Asia, prompting worries about a surge in India’s oil import costs. The price spike threatens to add to inflationary pressures and fiscal strain on the Indian economy.
The Union Cabinet approved a ₹10,783 crore investment to add multi‑track lines on three railway corridors covering 655 km, aiming to boost freight capacity. The projects are expected to add 26.69 million tonnes per annum of freight, create jobs and reduce emissions.
Election Commission data shows the BJP’s war chest expanded by ₹905 crore during the 2026 polls, while the Congress’s finances contracted by about ₹66 crore. The Congress reported net receipts of ₹207.17 crore against an expenditure of ₹248.55 crore for the March 15‑May 6 election window across five states.
India’s LPG supply crunch has eased as the government shifted imports to the United States and other new suppliers while domestic production increased. Booking relaxations and diversification measures have helped stabilise availability for the country’s 340 million consumers.
BRICS has expanded from five to eleven members with Indonesia joining, making the bloc larger and economically stronger, while internal political differences and India's import dependence pose challenges.
On 7 September the Reserve Bank of India held an overnight cash withdrawal auction after a lackluster 30‑day VRRR auction, with banks parking a total of ₹3.53 lakh crore. The stronger response in the overnight auction suggests banks favour shorter liquidity‑parking periods.
India has been recording 7% plus growth in the post-pandemic years, but it is not enough to meaningfully improve the lives of the country's population. Here’s why:
As Air India seeks a substantial capital influx, Singapore Airlines’ history of strategic investments reveals a mix of ambition and challenges in its quest for international growth
Amid the ongoing US-Iran war and the subsequent disruptions to crude oil supplies, India expanded its crude sourcing to 31 countries but supplier concentration rose sharply.
Mechanism proposed by India would enable faster informal information-sharing among investigators across member countries
Travel time between Vadodara and Mumbai will be reduced to 1.5 hours, claims the Railway Minister
The FSSAI and some state regulators have intensified checks, releasing regular public updates including photos and videos of raids that have drawn widespread attention online
SBI Ecowrap's report dismissed claims of missing funds in national accounts as unfounded fiction. It emphasized the reliability of Q1 FY27's GDP growth estimates, suggesting that revisions remain a normal statistical practice.
