Prime Minister Narendra Modi has renewed his appeal for Indians to prioritise domestic consumption and support the broader idea of self-reliance, linking individual spending choices with India’s economic strength. In a video message on Tuesday, Modi congratulated the country after India recorded a 7.8% economic growth rate in the first quarter of the financial year...
The Tamil Nadu government has unveiled an ambitious budget that outlines a long-term strategy to transform the state into a $1.5 trillion economy by 2036, placing strong emphasis on artificial intelligence (AI), education, infrastructure, digital governance, and sustainable economic growth. The budget presents a forward-looking development plan aimed at strengthening the state’s economic foundations while...
Prime Minister Narendra Modi on Tuesday highlighted India’s reported 7.7% economic growth rate and urged political parties to ensure that parliamentary discussions during the Monsoon Session remain grounded in facts. In his customary remarks before the commencement of the session, Modi said India’s economic performance reflected the strength and resilience of the country’s economy while...
West Bengal has taken another step toward strengthening its industrial landscape with the foundation stone being laid for a major steel manufacturing project worth ₹15,000 crore in Bankura district. The large-scale investment is expected to generate thousands of employment opportunities, improve industrial infrastructure, and reinforce the state’s position as a key destination for manufacturing investments....
China’s economy expanded by 4.3% in the latest quarter, reflecting resilience in manufacturing and exports despite increasing pressure from domestic economic weaknesses. While the headline growth figure appears encouraging, it has also highlighted a series of structural problems that continue to concern policymakers in Beijing. The country’s economy remains under pressure from sluggish consumer demand,...
In a significant step toward defining its long-term development agenda, the Jharkhand government organized a national consultation in New Delhi to gather ideas and recommendations from policymakers, industry leaders, economists, academicians, and subject experts for preparing the state’s ambitious Vision 2050 roadmap. The consultation marks an important phase in Jharkhand’s efforts to formulate a comprehensive...
Germany has announced a significant overhaul of its labour and workplace policies as Chancellor Friedrich Merz unveiled a reform agenda designed to improve productivity, strengthen economic competitiveness, and support long-term growth. The proposed changes reflect the government’s effort to address mounting economic challenges while modernizing workplace regulations for both employers and employees. The reforms come...
Sri Lanka has officially regained its position as an upper middle-income economy following an updated global income classification, marking a significant milestone in the island nation’s ongoing economic recovery. The revised status reflects an improvement in the country’s gross national income (GNI) per capita after years of severe financial distress, signaling renewed optimism for policymakers,...
In a significant boost to India’s industrial and manufacturing ambitions, Adani Enterprises Limited (AEL) has announced a massive investment of ₹1.08 lakh crore in collaboration with International Holding Company (IHC) of the United Arab Emirates to establish a world-class aluminium manufacturing project in Odisha. The landmark investment is expected to transform the eastern state into...
Karnataka has taken a significant step toward accelerating industrial development and employment generation by approving a series of major investment proposals valued at approximately ₹7,506 crore. The projects, cleared during a high-level state investment review meeting, are expected to create more than 28,000 jobs across various sectors, reinforcing the state’s position as one of India’s...