India is on track to become the world’s fourth-largest economy by the end of 2025, according to NITI Aayog member and veteran economist Arvind Virmani. His remarks reaffirm the International Monetary Fund’s (IMF) recent World Economic Outlook (WEO) report and coincide with comments made last week by NITI Aayog CEO BVR Subrahmanyam, who indicated India…
Prime Minister Narendra Modi launched development projects worth around ₹24,000 crore during his visit to Dahod, reaffirming the government’s commitment to strengthening India’s infrastructure and industrial capabilities. Addressing a public gathering, he described *Operation Sindoor* as a powerful symbol of India’s values and unity, noting that over 1.4 billion citizens are working together towards building…
Hybrid vehicles are playing a supportive role in the growth of electric vehicles (EVs) in India rather than acting as competitors, according to a recent report by HSBC Global Research. The report underlines that India’s automotive future will likely remain powered by multiple technologies for the foreseeable future, including hybrids, battery electric vehicles (BEVs), compressed…
Cochin Shipyard Limited (CSL) has taken a strategic step forward by expanding its partnership with Dubai-based Drydocks World, aiming to tap into India’s growing maritime trade potential. The collaboration is focused on establishing world-class ship repair clusters and scaling up offshore fabrication capacity, positioning India as a competitive player in the global ship repair and…
India, being an importer of crude oil and liquefied natural gas (LNG), would gain a lot by falling energy prices across the world. According to a recent ICRA analysis, if crude prices continue to hover around USD 60–70 per barrel till FY26, India would save an approximate Rs 1.8 lakh crore worth of oil imports…
Deloitte has forecasted India’s GDP growth at 6.5-6.7% for the current fiscal year, driven by tax incentives in the 2025 Union Budget, which are expected to boost domestic demand despite an unpredictable global trade environment. The firm also projected India’s GDP growth for FY25 to be between 6.3% and 6.5%. Deloitte emphasized that the economic…
The Reserve Bank of India (RBI) has revised its regulations to allow minors aged 10 years and above to independently open and manage savings and term deposit accounts. The move is aimed at fostering financial awareness among young individuals while granting banks the flexibility to frame terms under their risk management guidelines. As per the…
India’s domestic air passenger traffic saw a notable increase of 11.04% in February 2024, reaching 140.44 lakh passengers, according to the latest data released by the Directorate General of Civil Aviation (DGCA). This growth marks a significant rise from the 126.48 lakh domestic passengers flown in February 2023. In terms of market share, IndiGo led…
The government has approved a Rs 1,500 crore incentive to promote small-value BHIM-UPI (P2M) transactions of up to Rs 2,000. This initiative is designed to benefit everyday consumers and small merchants alike. The Cabinet, chaired by Prime Minister Narendra Modi, approved the “Incentive Scheme for the Promotion of Low-Value BHIM-UPI Transactions (P2M)” for the financial…
India’s natural gas sector has reached a turning point, with consumption projected to rise nearly 60% to 103 billion cubic meters (bcm) annually by 2030, according to the International Energy Agency (IEA). The findings were presented on the second day of **India Energy Week (IEW) 2025**, as part of the agency’s **India Gas Market Report**….
