MEDC #ThinkTank

MEDC #ThinkTank The Maharashtra Economic Development Council (MEDC) was established in 1957 under the stewardship of (late) Dr. Dhananjayrao Gadgil, eminent Economist and

The Maharashtra Economic Development Council (MEDC) was established in 1957 under the stewardship of (late) Dr. Dhananjayrao Gadgil, eminent Economist and former Deputy Chairman, Planning Commission, Govt. of India. It was set up by participation of prominent Chambers of Commerce, Business and Industries Associations in Maharashtra, to “facilitate rapid and balanced economic development of Maharas

htra”. The Council acts as an Economic Think-Tank for Business & Industry as also for the Government of Maharashtra.

📘 MEDC Economic Digest | August 2026 EditionTheme: The Blue EconomyThis edition explores how the blue economy can become...
05/08/2026

📘 MEDC Economic Digest | August 2026 Edition
Theme: The Blue Economy

This edition explores how the blue economy can become a catalyst for sustainable growth, employment generation, and environmental stewardship. From maritime development and blue accounting to offshore wind, logistics, and ocean governance, the insights examine how Maharashtra can harness its coastal and marine resources while ensuring ecological resilience and inclusive prosperity.

📌 Hon’ble Shri. Nitesh Rane
Minister for Fisheries and Port Development, Government of Maharashtra
Building Maharashtra's Blue Economy: From Vision to Ex*****on

📌 Capt. Binesh Kumar Tyagi
Chairman and Managing Director, The Shipping Corporation of India Ltd.
Maharashtra: India’s Maritime Gateway in a Changing Global Landscape

📌 Capt. Gajanan Karanjikar
Master Mariner, Author- BLUE BHARAT, Marine Expert
Blue Economy as India’s next growth frontier: From ocean potential to national prosperity

📌 J Cathrine
Head of Research, Maritime Research Center, Pune

📌 Dr. (Cdr) Arnab Das
Founder and Director, Maritime Research Center, Pune
Blue Accounting for Tropical Countries: Enabling Sustainable Blue Economy Through an Underwater Domain Awareness Framework

📌 Milind Joshi
V.P. Business Development, Interport Global Logistics Pvt Ltd
Beneath the Dark Blue Waves: Blue Economy's Invisible Debt

📌 Mahesh Phalke
Research Associate, ClimateHub India Advisors LLP

📌 Rajendra Kharul
CEO & Partner, ClimateHub India Advisors LLP
Offshore Wind: A New Frontier for Maharashtra's Blue Economy

📖 Read now: https://www.medcindia.com/economic-digest.php

📩 For subscriptions: [email protected]
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| | | .kelkar | | Ashish Garde

Mumbai Vikas Manthan successfully concluded as a landmark platform for collaborative policy dialogue, bringing together ...
05/08/2026

Mumbai Vikas Manthan successfully concluded as a landmark platform for collaborative policy dialogue, bringing together policymakers, government officials, industry leaders, urban planners, researchers, academicians, and subject matter experts to deliberate on the future of India's financial capital.

The symposium was graced by the esteemed presence of Hon'ble Mayor of Mumbai, Smt. Ritu Tawde ; Hon'ble Municipal Commissioner, BMC, Smt. Ashwini Bhide, IAS; Shri. Ashish Shelar Adv. Ashish Shelar - ॲड. आशिष शेलार , Hon. Guardian Minister, Mumbai Suburban; Shri. Mangal Prabhat Lodha , Hon. Co- Guardian Minister, Mumbai Suburban; Shri. Ameet Satam , President - Mumbai, B.J.P; Shri. Vitthalrao Kamble Secretary, Kokan Prant, R.S.S. Their presence and valuable insights significantly enriched the deliberations.

This initiative by the Policy Advocacy Research Centre (PARC), led by Shri Mahesh Pohnerkar, CEO, PARC Pune, was jointly organised by the Maharashtra Economic Development Council (MEDC) under the leadership of Shri Atul Shirodkar, President, MEDC, MCGM Centre for Municipal Capacity Building & Research led by Dr. Prakash Shirsat & Shri Sunil Dhamne, Municipal Corporation of Greater Mumbai (MCGM), and the Tata Institute of Social Sciences (TISS). The symposium featured insightful discussions across key sectors including education, healthcare, water and sanitation, public transport, roads and infrastructure, urban planning, urban security, industry and skill development, environment and energy, finance, governance, social welfare, and citizen engagement.

The deliberations and recommendations will contribute towards a comprehensive Policy Based Action Report, providing a strategic roadmap for a more resilient, inclusive, sustainable, and future ready Mumbai. MEDC remains committed to fostering evidence based policymaking, strengthening cross sector collaboration, and advancing initiatives that contribute to Maharashtra's long term socio economic development.

| | | .kelkar | | Ashish Garde

The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) emphasized that India should transition fro...
03/08/2026

The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) emphasized that India should transition from a production-centric to an income-centric agricultural strategy to enhance farmers’ earnings and strengthen the rural economy.

He called for greater focus on market reforms, crop diversification, agro-processing, and technology adoption, while stressing that improved market access for Indian agricultural products is essential to unlocking higher value and ensuring sustainable growth in the farm sector.

[Agriculture, FarmReforms, AgriTech, CropDiversification, RuralEconomy, MarketAccess, IndianEconomy]

In India’s 8th Trade Policy Review, the World Trade Organization (WTO) encouraged India to reduce its reliance on high t...
02/08/2026

In India’s 8th Trade Policy Review, the World Trade Organization (WTO) encouraged India to reduce its reliance on high tariffs and further improve the business environment to enhance global competitiveness.

India has set an ambitious target of increasing its share of global merchandise exports to 10% by 2047. The review noted that sustaining the country’s strong economic performance will require continued efforts to address structural challenges, strengthen competitiveness, and facilitate trade.

[WTO, TradePolicy, Exports, GlobalTrade, BusinessEnvironment, EconomicReforms, IndianEconomy]

India and Myanmar are set to deepen cooperation in the rare earths sector, building on the growing momentum in bilateral...
02/08/2026

India and Myanmar are set to deepen cooperation in the rare earths sector, building on the growing momentum in bilateral mining collaboration over the past two years.

India’s rising demand for critical minerals, coupled with Myanmar’s resource potential, presents significant short and long-term opportunities. The partnership is expected to strengthen supply chain resilience, support advanced manufacturing, and promote sustainable mining practices while enhancing economic cooperation between the two countries.

[RareEarths, CriticalMinerals, Mining, IndiaMyanmar, SupplyChain, Manufacturing, IndianEconomy]

The Maharashtra Government has launched the ₹44,800 crore Urban Challenge Fund to strengthen urban infrastructure across...
01/08/2026

The Maharashtra Government has launched the ₹44,800 crore Urban Challenge Fund to strengthen urban infrastructure across 423 Urban Local Bodies (ULBs) in the state. The initiative will be implemented between 2025–26 and 2030–31.

The fund aims to modernise urban infrastructure, enhance civic services, and build self-reliant, future-ready cities capable of addressing emerging urban challenges. The initiative is expected to drive sustainable urban development and improve the quality of life across Maharashtra.

[Maharashtra, UrbanDevelopment, Infrastructure, SmartCities, UrbanPlanning, SustainableDevelopment, IndianEconomy]

The Chief Economist of the World Bank cautioned that escalating hostilities between the United States and Iran could rei...
01/08/2026

The Chief Economist of the World Bank cautioned that escalating hostilities between the United States and Iran could reignite inflationary pressures, keep interest rates elevated, and slow global economic growth to as low as 1.3%, compared with 2.9% last year.

The assessment noted that while the conflict poses significant risks to the global economy, major economies such as India, the United States, and China are relatively better insulated from its direct economic impact.

[WorldBank, GlobalEconomy, Inflation, EconomicGrowth, Geopolitics, India, IndianEconomy]

India’s renewable energy potential has more than doubled to 4,704,043 MW as of March 31, 2025, up from 2,109,655 MW a ye...
31/07/2026

India’s renewable energy potential has more than doubled to 4,704,043 MW as of March 31, 2025, up from 2,109,655 MW a year earlier, according to Energy Statistics India 2026, cited by the government.

The report also projects that India’s installed solar power capacity is expected to surpass coal-based power capacity by 2036, underscoring the country’s accelerating transition towards clean energy and its commitment to building a sustainable and energy-secure future.

[RenewableEnergy, SolarPower, CleanEnergy, EnergyTransition, Sustainability, EnergySecurity, IndianEconomy]

The Reserve Bank of India has stated that the recent recovery in foreign investment, spanning both portfolio flows and f...
31/07/2026

The Reserve Bank of India has stated that the recent recovery in foreign investment, spanning both portfolio flows and foreign direct investment (FDI), reflects renewed confidence in the Indian economy. The central bank also noted that India remains among the world’s fastest-growing major economies, with economic activity maintaining strong momentum through June.

The sustained inflow of foreign capital underscores investor confidence in India’s growth prospects, macroeconomic stability, and long-term investment potential.

[RBI, ForeignInvestment, FDI, CapitalMarkets, EconomicGrowth, Investment, IndianEconomy]

MEDC had the honour of meeting His Excellency Fredrik Bjerke Abdelmaguid, Consul and Deputy Head of Mission along with h...
28/07/2026

MEDC had the honour of meeting His Excellency Fredrik Bjerke Abdelmaguid, Consul and Deputy Head of Mission along with his Business Advisors Shubra Jain and Praful Mishra, to discuss opportunities for strengthening economic engagement between Maharashtra and Norway.

The meeting focused on areas of mutual interest, including infrastructure, maritime, energy, circular economy, technology, artificial intelligence, and healthcare. The discussions also touched upon emerging opportunities in sustainable mobility and innovation driven industries.

MEDC looks forward to continued engagement with the Consulate of Norway and exploring avenues that contribute to meaningful partnerships and shared economic growth.

| | Mahesh Rathod | | .kelkar | | Ashish Garde

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