News
India's Economy Under Pressure Amid Starlink Dispute
India's economy is facing challenges as the rupee continues to weaken and foreign investors are selling Indian stocks. The Modi government's recent meme portraying the country as strong and growing has been overshadowed by concerns over Starlink's entry into the Indian market. Elon Musk has questioned the treatment of Starlink, raising questions about India's balancing national interests and fair competition. The Ministry of Statistics and Programme Implementation reported a real GDP growth of about 7.8% year-on-year in April–June 2026, but foreign investors have withdrawn ₹44,166 crore from Indian equities. The Reserve Bank of India (RBI) has introduced five measures to ease the pressure on the rupee, but the currency remains under significant pressure. The Starlink dispute has also added to the economic challenges, with concerns over regulatory fairness and the influence of established players in the telecom sector.