economy

India has made significant progress in improving its business and regulatory environment, climbing 25 places in global rankings for structural and pro-competitive reforms over the past decade, according to a new report released by the Competere Foundation.

India's gold demand declined by 6 per cent year-on-year (YoY) to 131.4 tonnes during the second quarter (April-June) of 2026, as record-high prices discouraged jewellery purchases despite continued investor interest in the precious metal, according to the latest report released by the World Gold Council (WGC).

Germany is likely to become a major buyer of green hydrogen produced in India in the coming years, German Ambassador to India Philipp Ackermann said on Thursday, expressing confidence that India has the potential to transform from an energy importer into a significant energy exporter.

The study found that 89 per cent of Indian employees say AI has positively impacted their day-to-day work by helping them perform routine tasks more efficiently.

At 10 am at the interbank foreign exchange, the rupee opened at 95.59 and lost some ground to trade at 95.63 against the greenback.

The 30-share index, which had lost nearly 219 points in the previous two trading days, recovered by 43.68 points, or 0.23 per cent, to 18,727.36.

The rebound came after three consecutive sessions of losses, with investors shifting their focus from recent easing in geopolitical risks to the possibility of renewed instability affecting energy markets.

Indian corporates are expected to witness stronger revenue growth in the current financial year, with aggregate revenues projected to increase by 9 per cent in FY27, compared with an estimated 5 per cent growth in FY26, according to global ratings agency Fitch Ratings.

The Indian economy continues to demonstrate remarkable resilience despite an increasingly uncertain global economic environment, with key high-frequency indicators pointing to sustained growth across major sectors and a broad-based revival in private sector investment, according to a report by Kotak Institutional Equities.

Generative Artificial Intelligence (Gen-AI) has the potential to substitute 8-12 per cent of India's non-agricultural employment while complementing 42-48 per cent of the workforce by enhancing productivity rather than replacing workers, according to a report by global investment bank Goldman Sachs.

The minister said electronics production has expanded nearly sevenfold during the period, from about Rs 1.9 lakh crore to Rs 13.11 lakh crore, while electronics exports have increased around 11 times from nearly Rs 38,000 crore to Rs 4.24 lakh crore.

The strong opening comes amid shifts in global commodity prices and the rollout of fresh tariff measures, with investors closely monitoring their impact on trade and market sentiment.