
The pulse of technology
India has successfully concluded its Eighth Trade Policy Review at the World Trade Organization in Geneva, showcasing its commitment to a transparent and rules-based multilateral trading system. The review highlighted the nation's progress in trade facilitation, digital infrastructure, and investment reforms, while also addressing concerns raised by member countries.
Indian banks and insurers are set to launch Central Know-Your-Customer 2.0 (CKYC 2.0) in August, a unified identification system that will simplify the process of accessing financial products by eliminating the need for customers to submit identification documents repeatedly. This initiative aims to deepen financial inclusion and combat fraud by leveraging a central digital registry.
The Organisation for Economic Co-operation and Development (OECD) has projected India's Gross Domestic Product (GDP) growth rate at 7.6% for 2025-26, reconfirming its status as the world's fastest-growing major economy amidst ongoing global economic challenges.
India's Production Linked Incentive (PLI) schemes have successfully attracted over ₹2.4 lakh crore in investments and generated more than 1.4 million direct and indirect jobs across 14 key sectors as of March 31, 2026. This initiative has significantly boosted domestic manufacturing and exports.