India and the United Kingdom on 17 June 2026 announced that the Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security Contributions, also known as the Double Contribution Convention (DCC), will come into force on July 15, 2026, ushering in a new phase of bilateral economic cooperation.
Indias economy expanded by 7.7 percent in real terms during the financial year 2025-26, while growth accelerated to 7.8 percent in the January March quarter, according to the Provisional Estimates of Gross Domestic Product (GDP) released by the Ministry of Statistics and Programme Implementation (MoSPI) on 5 June 2026.
The Union Cabinet on 3 June 2026 approved a one-time budgetary support package of up to Rs.10,000 crore for Oil Marketing Companies (OMCs) to provide Aviation Turbine Fuel (ATF) price stabilization support to scheduled Indian airlines, a move aimed at shielding carriers and passengers from the impact of volatile fuel prices triggered by the ongoing West Asia crisis.
National Payments Corporation of India (NPCI)-operated Unified Payments Interface (UPI) recorded its highest-ever monthly transaction volume and value in May 2026. The platform processed 23.2 billion transactions during the month, with the total transaction value reaching Rs 29.9 trillion.
