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MEDC #ThinkTank The Maharashtra Economic Development Council (MEDC) was established in 1957 under the stewardship of (late) Dr. Dhananjayrao Gadgil, eminent Economist and

The Maharashtra Economic Development Council (MEDC) was established in 1957 under the stewardship of (late) Dr. Dhananjayrao Gadgil, eminent Economist and former Deputy Chairman, Planning Commission, Govt. of India. It was set up by participation of prominent Chambers of Commerce, Business and Industries Associations in Maharashtra, to “facilitate rapid and balanced economic development of Maharashtra”. The Council acts as an Economic Think-Tank for Business & Industry as also for the Government of Maharashtra.

The government has unveiled the third phase of Corporate Average Fuel Economy (CAFE) norms, setting a roadmap for improv...
10/10/2026

The government has unveiled the third phase of Corporate Average Fuel Economy (CAFE) norms, setting a roadmap for improved vehicle fuel efficiency and lower carbon emissions. The framework establishes ambitious annual targets over the next five years while providing manufacturers with multiple technology pathways for compliance.

The norms aim to accelerate automotive technology adoption, fuel savings and emissions reduction, while giving manufacturers greater flexibility to invest in solutions suited to India’s evolving mobility landscape.

[CAFE, AutomotiveIndustry, FuelEfficiency, CleanMobility, CarbonEmissions]

After depreciating 9.9% in FY26, the Indian rupee remained relatively stable in H1FY27, weakening by just 1.1%, supporte...
09/10/2026

After depreciating 9.9% in FY26, the Indian rupee remained relatively stable in H1FY27, weakening by just 1.1%, supported by regulatory interventions and measures aimed at attracting foreign capital.

The moderation in currency volatility reflects the role of policy measures and stronger capital inflows in supporting external-sector stability, amid ongoing global uncertainties.

[IndianRupee, RBI, ForeignCapital, CurrencyStability, CapitalFlows, IndianEconomy]

The number of nano Global Capability Centres (GCCs) being established independently in India, without service-provider a...
08/10/2026

The number of nano Global Capability Centres (GCCs) being established independently in India, without service-provider assistance, has been steadily increasing. Experts say the trend reflects a more mature technology ecosystem where smaller GCCs can establish operations without extensive external support.

The rise of independent nano GCCs highlights India’s deepening technology capabilities, availability of skilled talent and strengthening environment for global companies to build specialised operations.

[GCCs, GlobalCapabilityCentres, Technology, DigitalEconomy, TechEcosystem, Innovation ]

Developing countries, including India, should pursue greater diversification of their trade and energy mix to reduce exp...
07/10/2026

Developing countries, including India, should pursue greater diversification of their trade and energy mix to reduce exposure to external shocks, said the Principal Secretary to the Prime Minister.

He also called for stronger collective action among developing economies to safeguard energy security and protect their economic interests amid unilateral measures by major global powers.

[IndiaEconomy, EnergySecurity, GlobalTrade, TradeDiversification]

India’s private sector activity strengthened in September, with the Manufacturing PMI rising to a three-month high of 56...
06/10/2026

India’s private sector activity strengthened in September, with the Manufacturing PMI rising to a three-month high of 56.5. Growth was led by manufacturing, while services performance improved from August, supported by increased output and a faster rise in total new business.

[IndiaPMI, ManufacturingPMI, PrivateSector, ManufacturingGrowth, ServicesSector]

Digital libraries initiated by district collectors in Maharashtra and Karnataka are helping students prepare for board a...
05/10/2026

Digital libraries initiated by district collectors in Maharashtra and Karnataka are helping students prepare for board and competitive examinations. More such libraries and learning centres are planned under the Aspirational Districts Programme.

[DigitalLibraries, Education, CompetitiveExams, LearningCentres, AspirationalDistricts, Maharashtra, Karnataka ]

📘 MEDC Economic Digest | October 2026 EditionTheme: Retail: Consumer Dynamics and the Retail SectorThis edition explores...
05/10/2026

📘 MEDC Economic Digest | October 2026 Edition
Theme: Retail: Consumer Dynamics and the Retail Sector

This edition explores India’s rapidly evolving retail sector and its growing role in consumption, employment, entrepreneurship, and inclusive economic development. From changing consumer behaviour and quick commerce to grassroots enterprise and digital transformation, the insights examine how retail is reshaping markets across India and Maharashtra.

📌 Dr. Nikita Gupta
Assistant Professor, Economics and Policy Area
When Cravings Arrive in Minutes, Nutrition Takes a Back Seat

📌 Tanvi Abhyankar
Research Associate, Maharashtra Economic Development Council
What makes India spend

📌 Biju Nambiar
Cofounder and Director Partnerships, Comsense Technologies
Everyone Wants to Sell. Who Wants to Serve?

📌 Mrigank Gutgutia
Partner, Redseer Strategy Consultants
Two engines, one basket: how quick and value commerce are rewriting India's retail story

📌 Ravikant Varpe
Chairman, Aarushka Naturals
From Selling Bel Patra to Building Enterprises: My Journey from the Grassroots to Global Ambition

📌Sagar Babar
President and Chief AI Officer,
Comsense Technologies
The New Retail Shelf Is AI: How intelligent recommendations are changing retail discovery and brand loyalty

📖 Read now: https://www.medcindia.com/economic-digest.php

📩 For subscriptions: [[email protected]](mail to:[email protected])
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The RBI Deputy Governor expects the rupee to stabilise and potentially appreciate from current levels, supported by an a...
04/10/2026

The RBI Deputy Governor expects the rupee to stabilise and potentially appreciate from current levels, supported by an anticipated reduction in the current account deficit and steadier oil prices. The capital account is also likely to turn more favourable later this financial year.

[Rupee, IndianEconomy, CurrentAccountDeficit, OilPrices, CapitalAccount, RBI, EconomicOutlook]

The latest Domestic Tourism Expenditure Survey released by MoSPI reveals that pilgrimage and religious travel accounts f...
03/10/2026

The latest Domestic Tourism Expenditure Survey released by MoSPI reveals that pilgrimage and religious travel accounts for 48% of India’s overnight trips, followed by travel for health and medical reasons. Average expenditure, however, was highest for health and medical travel.

(Domestic Tourism, Pilgrimage Tourism, Religious Travel, Medical Tourism, Tourism Expenditure, Overnight Trips, MoSPI, India’s Tourism Economy)

A sustained dialogue between energy producers and consumers is essential to support investment, strengthen energy resili...
02/10/2026

A sustained dialogue between energy producers and consumers is essential to support investment, strengthen energy resilience, and ensure reliable energy supplies for global growth and development, said the Oil Minister, against the backdrop of the continuing West Asia crisis.

[EnergySecurity, EnergyResilience, EnergySupply, GlobalGrowth, Investment, WestAsiaCrisis, MEDC]

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