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India Economy 2026: 7.8% Growth, $740.8 Billion Forex Reserves

by Blitz India Media
September 6, 2026
in News
0
Growth

The economy : Economy Grew 7.8 Per Cent
The National Statistics Office puts real gross domestic product for April–June 2026 at ₹81,36,153 crore against ₹75,46,230 crore a year earlier. This desk recomputed the rate from those two levels and reached 7.82 per cent, which is the 7.8 per cent the Ministry publishes. Nominal growth was 10.3 per cent, from which the implicit price deflator works out here at 2.32 per cent. Source: MoSPI press note on quarterly GDP for Q1 2026-27, 31 August 2026.

Diplomacy and finance : India Hosts The BRICS Summit This Month
As BRICS Chair for 2026, India hosts the eighteenth BRICS Summit at Bharat Mandapam in New Delhi on 12 and 13 September, under the chairship theme Building for Resilience, Innovation, Cooperation and Sustainability. Alongside it, an inaugural iBRICS Summit will bring together more than 500 institutional investors, finance ministers and business leaders. Source: Akashvani, newsonair.gov.in, 6 September 2026.

Energy : India’s First Geothermal Wells Are In
Two wells, each 1,000 metres deep, have been commissioned at Puga Valley in Ladakh — the first in the country — executed by ONGC Energy Centre at an altitude above 14,000 feet, which is 4,267 metres. Project engineers recorded a maximum temperature of 135°C at 400 metres. They will feed a 1 MW pilot plant. Source: Administration of the Union Territory of Ladakh, press page, 18 July 2026.

Reserves : Forex Reserves Cross $740 Billion
India’s foreign exchange reserves rose by 11.4 billion US dollars in the week ended 28 August to a record 740.8 billion dollars, on Reserve Bank data. Foreign currency assets, the largest component, accounted for 9.3 billion dollars of the rise — 81.58 per cent of the week’s increase, computed here. Source: Reserve Bank of India data, reported by Akashvani, newsonair.gov.in, 5 September 2026.

Conservation : Vultures Take To Two Tiger Reserves
Twenty-nine captive-bred vultures released across the Melghat and Pench tiger reserves in Maharashtra between December 2025 and January 2026 recorded survival rates of up to 78 per cent, the Bombay Natural History Society reports. The Society reads the result as evidence for siting release enclosures inside prey-rich, inviolate tiger habitat. Source: Bombay Natural History Society, reported by Akashvani, 6 September 2026.

Sport : Rankireddy And Shetty Reach China Final
Satwiksairaj Rankireddy and Chirag Shetty have entered the men’s doubles final of the China Masters for the third time, beating Malaysia’s Nur Mohd Azriyn Ayub and Tan Wee Kiong 21-15, 18-21, 21-11 in the semi-final. The pair are ranked world number five. Source: Akashvani, newsonair.gov.in, 6 September 2026.

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