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July 19, 2025 India's Latest News: Economic Growth, Defence Advancements, and Diplomatic Engagements

India witnessed significant developments in the last 24 hours across various sectors. The economy continues its strong growth trajectory with optimistic projections. Key advancements were made in defence capabilities with successful missile tests. Diplomatic efforts focused on stabilizing relations with China, while new government schemes were launched to boost agriculture, MSMEs, and renewable energy. Cleanliness rankings for major cities were also announced.

India is experiencing a period of robust economic performance and strategic advancements, with several key developments unfolding in the last 24 hours. The nation's economic outlook remains encouraging, projected to be one of the fastest-growing major economies globally.

Economic Highlights

  • The Reserve Bank of India (RBI) anticipates a real GDP growth of 6.5% for FY 2025-26, maintaining the rate from FY 2024-25, driven by strong domestic demand and government capital expenditure.

  • Morgan Stanley forecasts India's real GDP growth at 5.9% in 2025 and 6.4% in 2026, positioning India as the fastest-growing economy despite a predicted global economic slowdown.

  • Retail inflation in June 2025 dropped to 2.1%, potentially paving the way for further interest rate cuts by the RBI.

  • The Union Cabinet approved the Prime Minister Dhan-Dhanya Krishi Yojana (PM-DDKY) with an outlay of ₹24,000 crores per year for six years, consolidating 36 existing schemes across 11 departments.

  • The Union Government launched the ADEETIE scheme with a budget of ₹1,000 crore to promote energy-efficient technologies in Micro, Small, and Medium Enterprises (MSMEs).

  • HSBC has withdrawn from the Net Zero Banking Alliance (NZBA), becoming the first major UK-based bank to do so, though it reaffirms its commitment to achieving net-zero emissions by 2050.

  • The State Bank of India (SBI) was named the World's Best Consumer Bank for 2025 by Global Finance magazine.

Defence and Security

  • India successfully test-fired nuclear-capable Prithvi-II and Agni-I short-range ballistic missiles from Chandipur, Odisha, validating their operational and technical parameters.

  • The Indian Army tested the indigenous air defence system 'Akash Prime' at an altitude of 15,000 feet, demonstrating its capability to strike targets even in high-altitude regions like the Himalayas.

  • Hindustan Aeronautics Limited (HAL) received the first batch of Light Combat Aircraft (LCA) Mk1A wing assemblies from Larsen & Toubro (L&T), supporting the 'Aatmanirbhar Bharat' mission in defence.

  • The Indian Navy commissioned INS Nistar, the first indigenously designed and constructed Diving Support Vessel.

International Relations

  • External Affairs Minister S. Jaishankar visited Beijing for the Shanghai Cooperation Organization (SCO) foreign ministers' meeting, where he met with Chinese President Xi Jinping and Foreign Minister Wang Yi to stabilize and rebuild bilateral ties.

  • Discussions between India and China focused on de-escalation along the border, resumption of the Kailash Manasarovar Yatra, and addressing restrictive trade measures.

  • Jaishankar also met with Russian Foreign Minister Sergey Lavrov on the sidelines of the SCO meeting, reaffirming commitment to strengthening the Russia-India strategic partnership.

Social and Development Initiatives

  • Gujarat launched India's first Tribal Genome Sequencing Project to improve healthcare for tribal communities through genetic research and early disease detection.

  • In the Swachh Survekshan 2024-25 awards, Indore was recognized as the cleanest city for the eighth consecutive time, while Bengaluru improved its rank from 125 to 36 among Million-Plus Cities. Vijayawada ranked fourth nationally.

  • The Bihar government announced a scheme to provide up to 125 units of free electricity per month to domestic consumers, effective August 1, 2025.

  • IIT Madras launched 'YD One', India's lightest active wheelchair, designed to provide affordable and high-performance mobility.

  • Indian students achieved success at the 57th International Chemistry Olympiad (IChO) 2025 in Dubai, securing two gold and two silver medals and ranking 6th globally.

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