Growth of India's key sector in July reached 5.4% thanks to coal and petroleum products
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Business Standard
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Growth of India's key sector in July reached 5.4% thanks to coal and petroleum products

The production of nine major infrastructure sectors in India increased by 5.4 percent in July. This growth was driven by the increased output of products such as coal, petroleum products, cement, electricity, and iron ore.

The growth rate of key sectors was 3.2 percent in July 2025 and 6 percent in June 2026. It is important to note that starting from June, data is published using a new base year—2022-23, which replaced the previous base period of 2011-12. Furthermore, the government included iron ore in the index, bringing the total number of key sectors to nine.

According to official data published on Thursday, there was a decrease in the production of crude oil, natural gas, and fertilizers during the month.

For the period from April to July 2026-27, key sectors demonstrated an expansion of 4.3 percent, exceeding the figure of 1.5 percent for the same period last year.

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Prime Minister presented seven key sectors for development and job creation in India
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Prime Minister presented seven key sectors for development and job creation in India

During his address on Red Square for Independence Day, Prime Minister Narendra Modi presented a plan covering seven vital areas for the country's development. He termed these sectors the 'Seven Streams of Power' (Shakti ki Saptadhara), emphasizing that concentrating efforts on them will help India become a self-reliant and developed power, which in turn could lead to new employment opportunities in the country.

The first of these seven priority areas is the manufacturing industry. Modi called it the engine of India's future development and noted the necessity of producing both components and finished goods. He urged manufacturers to focus on reducing costs, improving quality, and increasing production volumes to compete better in the global market. In terms of employment, this means increased demand for factory workers, logistics specialists, engineers, designers, quality control personnel, and skilled laborers.

The second sector is agriculture and food processing. The Prime Minister proposed exporting traditional food products such as bajra, spices, fruits, and vegetables to international markets. This will not only support farming but also create new jobs in food processing, packaging, goods transportation, exports, and agritechnology.

The third area is technology and innovation. Here, Modi mentioned data centers, robotics, and breakthrough technologies. He stated the goal of making India a hub for these technologies and taking the 'Made in India 6G' initiative to the global level.

The fourth key direction is the development of connectivity and basic infrastructure. The Prime Minister emphasized ensuring faster and higher-quality communication through the construction of expressways, high-speed railways, and ports. This, in turn, will open up new employment opportunities in construction, logistics, engineering, transport, and related industries.

Under the 'Defence Power Planning' (Raksha Shakti Yojana), Modi also stressed the need to localize the production of defense equipment and achieve self-sufficiency in this field. Special attention was given to drones and anti-drone technologies. He expressed the view that in the future, India should become a major supplier of defense equipment to the entire world.

The sixth stream includes the green and blue economies. The green economy refers to the development of green hydrogen, solar energy, and energy storage technologies. Modi insisted on promoting these areas. Concurrently, under the blue economy, he spoke about supporting fishing, marine activities, coastal tourism, and maritime technologies, which can stimulate the emergence of new enterprises and jobs in these fields.

The seventh and final direction is India's soft power. This sector includes areas such as yoga and handicrafts, as well as the film, animation, gaming, and digital content industries. As global demand for creative and digital products grows, this sector can provide new opportunities for artists, designers, developers, and people involved in tourism.

Thus, Modi's 'Seven Streams of Power' cover a wide range of areas—from manufacturing capabilities and agriculture to artificial intelligence, defense, clean energy, and animation—which can play a decisive role in India's economic growth and increased employment in the near future.

Indian Prime Minister calls for big aspirations, energy security, and resolve in Independence Day speech
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Indian Prime Minister calls for big aspirations, energy security, and resolve in Independence Day speech

Addressing the nation from the Red Fort, the Prime Minister highlighted India's economic and industrial achievements over the past twelve years, while also calling for strengthening energy security, developing nuclear energy, and achieving self-reliance.

Narendra Modi strongly urged Indians on Saturday to 'dream big' and 'promise big,' asserting that the nation is achieving its goals by moving forward through its dreams, determination, and capabilities.

Speaking before the nation from the Red Fort on the occasion of the 80th Independence Day, Modi stated that grander dreams expand people's thinking and enrich their vision, while firm resolve helps the country overcome difficulties and calamities.

He noted that the world will be forced to look at India differently when the most populous nation becomes a developed power.

PM Modi outlined India's economic and industrial progress over the last decade, pointing out that the country has exited the list of 'Fragile Five' economies and transformed into the world's largest fast-growing economy. He emphasized that the country's development was made possible by the resolve and capabilities of its 140 crore citizens.

It was noted that defense production has increased almost fourfold, while in the hardware and rural sectors—almost fivefold, and in electronics manufacturing—almost sevenfold. Furthermore, Modi announced a 21-fold increase in the production of modern railway coaches and a 33-fold increase in mobile phones during this period, as well as a hundredfold rise in digital transactions.

The Prime Minister called for enhanced energy security and increased nuclear energy capacity, stating that India has transformed 'areas where it was impossible' into 'areas where it is possible.' He added that expanding nuclear energy is part of the efforts to meet the country's energy needs.

PM Modi also discussed India's progress in nuclear technology, noting that the country achieved a significant milestone this year by mastering fast reactor technology. He characterized this achievement as a major step towards nuclear fuel self-sufficiency.

Regarding semiconductors, PM Modi predicts the creation of five to seven new semiconductor manufacturing plants over the next seven to eight years.

Engineers India's Profit Rose by 55% in the First Quarter Despite Revenue Decline
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Engineers India's Profit Rose by 55% in the First Quarter Despite Revenue Decline

Engineers India Ltd (EIL) reported a significant increase in net profit for the first quarter of the fiscal year 2026-27. Profit on certain indicators grew by 55% year-on-year, reaching 108.6 crore rupees, compared to 70.1 crore rupees in the same quarter last year.

However, operating revenue decreased by 6.6% in the June quarter, amounting to 800.9 crore rupees, while this figure was 857.1 crore rupees the previous year.

The improvement in profitability was attributed to reduced expenses, particularly costs for technical support and subcontracting work. These expenses decreased to 239.1 crore rupees from 363.9 crore rupees in the previous year's quarter.

As of June 30, the company's order book stood at 14,424 crore rupees. This amount includes 10,498 crore rupees in the consulting segment and 3,926 crore rupees in the turnkey projects segment.

In the consulting and engineering projects segment, EIL received revenue of 499 crore rupees for the quarter, which is higher than 408.1 crore rupees the previous year. Revenue from turnkey projects, conversely, decreased to 301.9 crore rupees from 449 crore rupees.

Regarding profit, the profit in the consulting and engineering projects segment increased to 119.7 crore rupees from 68.2 crore rupees. Meanwhile, the profit from turnkey projects decreased to 22.7 crore rupees compared to 25 crore rupees.

On a consolidated basis, EIL demonstrated a 141% year-on-year growth in net profit, reaching 157.9 crore rupees in the June quarter, compared to 65.4 crore rupees the previous year. Consolidated operating revenue decreased by 5.8%, totaling 819.8 crore rupees compared to 870.4 crore rupees.

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