India Records Key Economic Milestones, Bolsters Defence Capabilities, and Implements Major Policy Reforms
July 19, 2025
In the past 24 hours, India has seen significant developments across its economy, defence sector, and policy landscape. The nation's retail inflation has notably cooled, reinforcing its position as the fastest-growing major economy. Concurrently, India commissioned its first indigenously built Diving Support Vessel and successfully test-fired advanced missiles, underscoring its commitment to self-reliance in defence. Major financial and administrative policy changes, effective July 1, 2025, are set to streamline various processes, while the government launched a new comprehensive agricultural scheme. Diplomatically, India's External Affairs Minister engaged with Chinese and Russian counterparts, and the Indian Navy participated in a bilateral exercise with Singapore.