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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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Ashwini Vaishnaw shares Bullet train plan for South India
2026-04-28 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Union Railway Minister Ashwini Vaishnaw

Union Railway Minister Ashwini Vaishnaw | Photo Credit: SUSHIL KUMAR VERMA

Union Minister for Electronics & Information Technology and Railways Ashwini Vaishnaw on Tuesday outlined plans for a high-speed bullet train network in South India, saying it will drastically reduce travel time and create a unified economic region across major cities.

Speaking at the groundbreaking ceremony of the Google Cloud India AI Hub in Visakhapatnam on Tuesday, Vaishnaw said the proposed high-speed rail network will connect key cities including Amaravati, Hyderabad, Chennai, Bengaluru, Pune, and Mumbai, bringing significant improvements in connectivity.

He said travel time between Amaravati and Hyderabad will be reduced to 70 minutes, while between Amaravati and Chennai it will take 112 minutes. Hyderabad to Pune will be covered in one hour and 55 minutes, Pune to Mumbai in 48 minutes, Chennai to Bengaluru in 73 minutes, and Hyderabad to Bengaluru in about two hours and eight minutes.

Minister stated, “The bullet train, the dream project for all of us. And as you are aware, if you have seen the videos of the progress of Ahmedabad to Mumbai bullet train, that 500 kilometer stretch will be completed in one hour and 57 minutes. So basically, Mumbai, Surat, Vapi, Baroda, Ahmedabad, all those large cities will become one single economic zone, one single economic region. That same magic will now happen in Andhra also, Amravati to Hyderabad in 70 minutes”.

Vaishnaw said such connectivity will create a “high-speed diamond” across southern states.

The minister also announced that the long-awaited South Coast Railway Zone will be notified on June 1, 2026, fulfilling a key commitment made during the reorganisation of states.

He further highlighted plans to expand railway capacity along the eastern coast, stating that existing double railway lines from Kolkata to Chennai will be upgraded to four lines. This expansion is expected to enable the operation of around 500 new trains, including cargo and passenger services, improving connectivity to ports, tourism destinations and cultural centres.

Highlighting railway development in Andhra Pradesh, the minister said the budget allocation has increased significantly over the years. He noted that earlier, the combined railway budget for Andhra Pradesh and Telangana was Rs 886 crore, whereas now Andhra Pradesh alone is receiving Rs 10,134 crore.

He added that railway infrastructure development in the state has accelerated, with projects worth over Rs 1,06,000 crore underway. The government is also reconstructing 74 railway stations in Andhra Pradesh as part of a broader modernisation initiative.

Addressing the industry, Vaishnaw urged companies, including those involved in data centre development, to focus on manufacturing servers in India. He also encouraged collaboration under the India AI mission to improve power efficiency and called for efforts to reduce water consumption in data centre operations, emphasising sustainability.

He said the government is ready to support industry initiatives in areas such as energy efficiency, recycling, and wastewater use, adding that sustainable practices must be a priority as India expands its digital infrastructure.

The minister said that enhanced railway and digital connectivity will together play a key role in driving economic growth and strengthening integration across regions.

Published on April 28, 2026