Business – Page 87

India’s Renewable Energy Push Tied to AI Data Center Demand Growth

India’s renewable energy sector investments were linked to growing demand for power from AI data centers being built domestically.

India’s digital payment infrastructure continued to see record UPI transaction volumes fuelling fintech sector growth plans.

India maintained robust GDP growth momentum in early 2026 despite US tariff pressures and broader global economic headwinds.

PM Modi’s visit to France included high-level talks on investment in India and bilateral defence and technology cooperation.

India’s semiconductor manufacturing mission made further progress with new fabrication plant announcements tied to government incentives.

Analysts noted that the US-India trade deal would accelerate investment in India’s technology infrastructure sector in the medium term.

GST revenue collections in India continued to show healthy growth reflecting the sustained expansion in the domestic economy.

Direct tax exemptions for the middle class announced in the 2026 Union Budget were credited with reviving discretionary consumer spending.

India’s insurance regulator announced new reforms aimed at increasing insurance penetration particularly in rural and underserved areas.

The ICC Women’s T20 Cricket World Cup held in England was projected to deliver significant economic benefit to UK cities hosting matches.