Overview

• Prime Minister Narendra Modi said a major EV export push will be showcased on August 26, with India targeting shipments to 100 countries.
• He announced semiconductor facilities are underway and pledged the first Made‑in‑India chip would reach the market by year‑end, alongside a push toward Made‑in‑India 6G.
• Modi set a Diwali deadline to complete the next phase of GST changes, as coverage detailed a government proposal to move most 12% and 28% items to 5% and 18% with a limited 40% slab for sin goods, pending GST Council consideration on September 3–4.
• Framing the outlook on a decade of macro stability, he cited an expected 4.4% fiscal deficit, stronger banks, low inflation, controlled current account gap and robust forex reserves, with capital‑market fundraising at records.
• He pointed to June EPFO data showing a record net addition of roughly 22 lakh formal jobs and highlighted over 300 space startups, recent docking capability and preparations for the Gaganyaan astronaut mission.