"India will act in national interest; we also have to become a developed country, so we have to keep our own national interest in mind," a senior Indian government official said, adding that India's own policy in these areas is still evolving.

Interacting with media on the sidelines of the meeting, he said that there have been useful engagements with the 14 members of the IPEF and the officials from member nations had worked hard to prepare a ground for such fruitful interactions. He expressed hope that in a day's time, IPEF would finalize a framework within which member nations could interact on different areas of mutual interest.

India's rice production could fall by 6-7 million tonnes during the Kharif season this year due to a fall in paddy sowing area, the government said on Friday, but asserted that it would still have surplus output.

The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund.

According to the report of the Parliamentary standing committee on finance, the delay in resolution can be attributed to delays in admitting cases to NCLT, unsolicited bids outside the process, litigations after the resolution plan has been approved, and short-staffed NCLT as NCLTs also handle cases relating to corporate affairs, M&As, etc.

Foreign currency reserves as a percentage of external debt were 97.8 percent as of end-March 2022, down from 100.6 percent the previous year. According to the report, long-term debt totaled USD 499.1 billion, accounting for 80.4% of the total, while short-term debt totaled USD 121.7 billion, accounting for 19.6% of the total.

The LEADS survey assesses the viewpoints of various users and stakeholders across the value chain including shippers, terminal infrastructure service providers, logistics service providers, transporters and government agencies to understand the enabler and impediments to the logistics ecosystem.

The reserves stood at $561.046 billion, before the US Jackson Hole Symposium which took place on August 26 and saw Fed chairman Jerome Powell making hawkish commentary on the fight against inflation. India lost about $45 billion in reserves since April but the pace of fall slowed down, RBI data showed.

During the auction, the government stock up to 10 per cent of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions. The allotment will be subject to a maximum limit of one per cent of its notified amount for a single bid per stock as per the scheme for non-competitive bidding facility. Individual investors can also place bids as per the noncompetitive scheme through the Retail Direct portal.