IAEA wins Nobel Peace Prize as India reports 7.4% GDP growth

The International Atomic Energy Agency (IAEA) has been awarded the 2026 Nobel Peace Prize. In economic news, India’s National Statistics Office reported a Q2 FY2026-27 GDP growth estimate of 7.4%, an increase from 7.1% in the previous quarter, supported by manufacturing and construction sectors.

India also rose to 39th place in the 2026 Global Innovation Index, maintaining its status as the top innovative lower-middle-income economy. In legislative developments, the Lok Sabha passed the Constitution (129th Amendment) Bill, 2026, as part of the ‘One Nation One Election’ initiative to synchronize national and state elections.

Other notable events include India’s CPI inflation reaching a seven-year low of 3.2% and the Indian Navy commissioning the INS Tamal in Russia.