India has set a $1 trillion export target for FY27, with Commerce Minister Piyush Goyal banking on free trade agreements, export promotion missions and lower testing costs to lift merchandise exports to $530 billion and services exports to $470 billion while aligning states and industry with national trade priorities.
India and Japan used the 16th India-Japan Annual Summit in New Delhi to lock in new frameworks on economic security, AI cooperation, defence dialogue and clean energy, aiming to diversify supply chains, govern emerging technologies and deepen strategic coordination across the Indo-Pacific.
NPCI has partnered with HSBC India and J.P. Morgan Payments to enable real-time forex settlement for cross-border UPI transactions, aiming to improve transparency in international payments.
India’s household debt climbed to 45.5% of GDP by September 2025, driven by consumption-led borrowing and non-housing retail loans, even as Indian banks report multi-decade-low bad loans and stronger housing asset quality, according to the Reserve Bank of India’s latest Financial Stability Report.
NPCI is ramping up AI for UPI, from FiMI-powered support and multilingual, voice-based payments to a Nvidia-backed sovereign AI model aimed at fraud detection, risk assessment and scalable digital payment infrastructure for India.
News
Deloitte reports Japanese enterprises are rapidly expanding Global Capability Centres in India, shifting from support work to AI, engineering and innovation as more than 100 firms deepen India-Japan business ties and extend beyond major metros.
OnEMi Technologies’ AUM crossed Rs 8,000 crore in Q1 FY27, driven by a 37.1% rise in Kissht loan disbursements, expanding user growth, and a higher share of Loan Against Property amid strong FY26 revenue and profit momentum.
India has set a $1 trillion export target for FY27, with Commerce Minister Piyush Goyal banking on free trade agreements, export promotion missions and lower testing costs to lift merchandise exports to $530 billion and services exports to $470 billion while aligning states and industry with national trade priorities.
Finance Minister Nirmala Sitharaman met Flying Whales President Sébastien Bougon in Paris to discuss plans to base the company’s manufacturing ecosystem in India and deepen India-France cooperation in aerospace logistics, leasing and maintenance services.
AI Trends
HCLTech has signed a $1.14 billion, multi-year deal with a Europe-based Fortune Global 50 company to build an AI-driven operating model for its global digital workplace and enterprise network, underscoring rising large-scale AI investments and the Indian IT major’s growing enterprise AI revenue and long-term transformation ambitions.
Spotlight
The Indian government is reviewing WhatsApp’s upcoming usernames feature over concerns about impersonation, fraud, and user safety before its rollout.
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