India Business and Economy Updates August 2026

Telecom : A Recovery Rate Worth Costing
The Department of Telecommunications reported on 28 August 2026 that Sanchar Saathi traced more than 75,000 lost and stolen handsets in a single month, its first time above that mark. For the handset industry the number is a demand signal as much as a security one: a traced phone is a phone not replaced, and a blocked phone is a phone with no resale market.

Technology : A Sovereign Stack for Enterprises
Gnani Artha, launched by the Vice-President on 28 August 2026, pairs Evon 3.3, a language model, with Plexus, the layer that connects it to institutional work. The commercial question it raises is procurement: enterprises and public bodies buying Indian-built models rather than licensing foreign ones changes where the recurring spend goes.

Defence industry : Kuwait at DPSU Bhawan
Alongside the first India–Kuwait Joint Defence Committee meeting in New Delhi on 28 August 2026, the visiting delegation went to DPSU Bhawan for discussions with Indian defence industry. Defence industry and research and development were both listed among the agreed areas of cooperation.

Public sector : An ERP Audit Worth Reading
The Comptroller and Auditor General’s Report No. 17 of 2026 includes an information technology audit of the SAP-ERP implementation at Solar Energy Corporation of India Limited, recording that several modules remained unimplemented or only partly operational and that core business processes continued to be handled outside the system.

Financial inclusion : The Index Rose Thirteen Points
India’s Financial Inclusion Index has moved from 53.9 in 2018 to 67 in 2026, a rise of 13.1 points, or 24.3 per cent on the base, recomputed by Blitz India from the figures in the Press Information Bureau explainer of 27 August 2026.

Diary : First Quarter GDP on Monday
The Ministry of Statistics and Programme Implementation releases the quarterly estimates of gross domestic product for the first quarter of 2026-27 on 31 August 2026, with a press conference at 5.15 pm.

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