JAMMU, Mar 26: Jammu and Kashmir Lieutenant Governor Manoj Sinha underscored the pivotal role of micro, small and medium enterprises (MSMEs) in job creation, economic progress and seamless public service delivery. He highlighted that J&K has drawn inspiration from economic models in Switzerland and Germany to foster self-reliance, digital adoption and investor-friendly policies. There is a crucial role of MSMEs in job creation, competition and seamless public service delivery in Jammu and Kashmi

NEW DELHI, Mar 25: India must be cautious while negotiating the proposed bilateral trade agreement with the US, as the absence of Fast Track Trade Authority in America makes any pact vulnerable to Congressional changes, economic think tank GTRI said on Tuesday. It also said that the certification process allows the US to effectively re-negotiate the trade agreement after it is signed, demanding domestic legal changes, regulatory reforms, and policy shifts that could undermine Indias sovereignty

NEW DELHI, Mar 23:Realtors body CREDAI-MCHI has said the Maharashtra governments budget will give a significant boost to real estate sector because of huge allocation for infrastructure development and focus on affordable housing. CREDAI-MCHI, which is part of CREDAI, represents real estate developers in the Mumbai Metropolitan Region (MMR). On March 10, Maharashtra Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, tabled the state budget in the legislative assembly and announc

By Dhurjati Mukherjee With the economy growing 6.2% in the December quarter, recovering just a little from a seven-quarter low, economists are divided on the issue of revival of the economy. It is difficult to believe there has been any noticeable improvement in the first two months of the calendar year. Surveys had predicted weakened spending of households, whose incomes have long lagged the price rise, induced taxation-led support for consumption. Though food inflation has been brought down, t

TOKYO, Mar 11:Japans has cut its estimate for its economic growth in the last quarter of the year to a 2.2 per cent annual pace from 2.8 per cent as consumer spending hit demand. The Cabinet Office said Tuesday that Japans real gross domestic product, which measures the sum value of a nations goods and services, also was lower due to higher private inventories than earlier reported. It was the third straight quarter of expansion, and the government maintains [] The post Japans economy grew at 2

BEIJING, Mar 9:Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday. The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7 per cent in February compared to a year ago. On a monthly basis, prices were down 0.2 per cent from January. While many other countries wrestle with inflation, Chinas policymakers face flat to [] The post Consumer prices fell in

Jammu, Mar 7: Jammu and Kashmir Chief Minister Omar Abdullah on Friday announced a series of economic and tax reforms aimed at bolstering revenue generation, infrastructure development and social security while underscoring the need for fiscal prudence. Presenting the Budget in the Assembly, he highlighted the governments commitment to reduce fiscal deficit through strategic policy measures and central assistance. Because of our fiscal reforms and central support, the fiscal deficit will be redu

WASHINGTON, Mar 7: The US labour market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants. When the Labour Department releases February jobs numbers Friday, theyre expected to show that employers added 160,000 jobs. Thats far from spectacular but its solid, and its up from 143,000 in January. The unemployment rate is forecast

JAMMU, Mar 6 : Union Minister Dr. Jitendra Singh said here today that while Indias Bioeconomy grew more than 10 times in last 10 years, the biotech potential of Himalayan territories including Jammu & Kashmir, particularly their agri-biotech potential remains still underexplored. Indias biotech economy, which soared from a $10 billion valuation in 2014 to over $130 billion in 2024, is set to reach a massive $300 billion by 2030, according to Dr. Jitendra Singhs projections. He highlighted the on

JAMMU, Mar 6: The economy of Jammu and Kashmir is projected to grow at 7.06 per cent in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19 per cent in 2024-25, according to the Economic Survey Report (ESR) for 2025. The report said that J&K has shown significant progress, with the unemployment rate declining to 6.1 per cent in 2023-24 from 6.7 per cent in 2019-20. Chief Minister Omar Abdullah, who also serves [] The post Jammu And Kashmir Economy Expec

NEW DELHI, Mar 5: Senior BJP leader Nishikant Dubey today said developments in the field of Artificial Intelligence could add USD 1 trillion to Indias economy. Dubey, whos the chairman of the Parliamentary Standing Committee on Communication and Information Technology, said the panel at its meeting on Wednesday deliberated on the impact of Artificial Intelligence (AI) on banking, revenue and other related sectors. The prime minister is very serious on this. He recently co-chaired the AI Action S

New Delhi, Mar 5: Prime Minister Narendra Modi on Wednesday said that the day is not far when India will turn a USD 5 trillion economy as he urged all stakeholders to invest in people, economy, and innovation to create jobs and boost growth. Speaking in a post-Budget webinar on employment, Modi said the government has provided skill training to 3 crore youth since 2014 and decided to upgrade 1,000 ITIs and set up five centres of excellence. Click Here [] The post Day Not Far When India Will Be U

NEW DELHI, Mar 4: The Congress on Tuesday flagged the issue of rise in gold loans and claimed that the Indian economy is deep in a Modi-made crisis. Congress general secretary in-charge communications cited the February RBI data and pointed out that gold loans had jumped a whopping 71.3%. Indias economy is deep in a Modi-made crisis. Recall that by 2024, widespread and persistent economic stagnation had resulted in a 300% growth in gold loans in just 5 years. Gold [] The post Indias Economy Deep

UTs Dal Lake Weed Processing Unit, climate initiatives steal spotlight J&K inks MoU regarding transformation of Srinagar into zero landfill city by 2030 JAMMU, Mar 3: In a landmark move, Srinagar Smart City Limited signed a Memorandum of Understanding (MoU) under the CITIIS 2.0 program regarding implementation of integrated waste management systems including smart collection networks and AI-driven recycling hubs to transform Srinagar into a zero-landfill city by 2030. The MoU was singed during t

NEW DELHI, Mar 3 : India R&D spending (GERD) is double in last one decade during the government headed by Prime Minister Narendra Modi, from Rs 60,196 cr in 2013-14 to 1,27,381 cr and is redefining the future economy of India which will be defined by homegrown innovations in artificial intelligence, biotechnology, and quantum computing, Dr. Jitendra Singh said, underscoring the role of government-backed initiatives in catalysing scientific advancements. Speaking at the DISHA event at India Habit

New Delhi, Mar 2: Indians must work hard to achieve the ambitious target of making India a USD 30 trillion economy by 2047, former Niti Aayog CEO Amitabh Kant has said. Joining the ongoing debate on working hours, Indias G20 Sherpa said Japan, South Korea and China have achieved economic success through a strong work ethic and suggested that India must cultivate a similar mindset to build a world-class economy. I strongly believe in hard work. Indians must work hard, [] The post Indians Must Wor

TEHRAN, Mar 2: Irans parliament voted Sunday to fire the countrys economy minister over the plummeting rial and economic mismanagement. Parliament speaker Mohammad Bagher Qalibaf said 182 out of 273 lawmakers voted against Abdolnasser Hemmati. The chamber has 290 seats. The dismissal took place just six months after Massoud Pezeshkians cabinet took office. (AP) The post Irans Parliament fires minister of economy over plummeting rial, mismanagement appeared first on Daily Excelsior .

Thiruvananthapuram, Mar 2: Vice President Jagdeep Dhankar on Sunday said the country has seen exponential economic upsurge in the last decade and has become the fastest growing global economy during this period. The Vice President made the statement while delivering the 4th P Parameswaran Memorial Lecture organised here by the Bharatheeya Vichara Kendra. Dhankar said that in 1989 when he was an MP and in 1991 when he was a Union Minister, the atmosphere did not inspire us. Now our [] The post Bh

NEW DELHI, Feb 28: Indias economic growth decelerated to 6.2 per cent in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors. The Indian economy recorded a growth of 6.2 per cent in the third quarter of the current fiscal (October-December 2024) against 9.5 per cent in the year-ago period, according to data released by the National Statistical Office (NSO) on Friday. Indian economy grew at 5.6 per cent in the July-September [] The post Indias GDP

Excelsior Correspondent NEW DELHI, Feb 25: IndiasSpace economy is expected to increase more than fivefold from 8bn $ to 44 $ bn in next few years, making an important value addition to the countrys overall economy towards the 5 trillion goal. This was statedhere today by Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievance

GUWAHATI, Feb 25 : Bhutan minister Younten Phuntsho on Tuesday said that the Himalayan nation was working on building an economy that retains its youth within the country and also attracts global investment. He also underscored the role of India, particularly the state of Assam with which it shares over 260-km-long border, in the development of his country. Speaking at a session on advancing India-Bhutan economic partnership at the Advantage Assam 2.0 business summit, Phuntsho said, It was in De

NEW DELHI, Feb 25 : Indias Space economy is expected to increase more than fivefold from 8bn $ to 44 $ bn in next few years, making an important value addition to the countrys overall economy towards 5 trillion goal. This was stated here today by Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and [] The post Indias

BHOPAL, Feb 24: Prime Minister Narendra Modi on Monday said the World Bank has expressed confidence that India will continue to be the worlds fastest growing economy in the coming years. He was speaking after inaugurating the mega Invest Madhya Pradesh Global Investors Summit-2025 in Bhopal to showcase the states infinite possibilities for investors and industrialists. The World Bank had recently said in its Global Economic Prospects report that India will remain the fastest-growing major econo

NEW DELHI, Feb 22: Union Power Minister Manohar Lal on Saturday urged industry stakeholders to work on manufacturing innovative solutions to strengthen Indias journey towards Viksit Bharat. Indias ambitious target of 500 GW of renewable energy target by 2030 provides various opportunities, the minister said, while addressing the Elecrama 2025 event organised by industry body IEEMA in Greater Noida. The power sector is playing an important role in the countrys journey towards becoming Viksit Bha

NEW DELHI, Feb 18: Congress president Mallikarjun Kharge on Tuesday termed as ironical the claim of Finance Minister Nirmala Sitharaman that the Indian economy is giving good returns, and said a visionless Modi government has tanked the economy and ruined the lives of Indians. Nothing can be more ironical than Modi Sarkars FM saying that our Economy is delivering Good Returns, he said in a post on X. Kharge said Rs 45 lakh crore has been wiped out from the [] The post Visionless Modi govt tanked

NEW DELHI, Feb 18: Indias gross domestic product (GDP) likely grew at a relatively accelerated pace of 6.4% in the October-December quarter (Q3) of the current financial year 2024-25 from seven-quarter low of 5.4% in the previous quarter on the back of enhanced government spending, research and rating firm ICRA said in a report on Tuesday. Further, the growth in the gross value added (GVA) is estimated to record a relatively broad-based improvement to 6.6% in Q3 from 5.6% in [] The post Indian e

MULFINGEN (Germany), Feb 17: Germany needs a new business model. The old one, fuelled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europes biggest economy mired in stagnation and angst about the future. Delivering that fresh growth strategy is going to be the biggest challenge for the government that takes office after a national election set for Feb. 23, seven months ahead of schedule. The nation that became known for the quality of [] The post Fixing Ger

By Nantoo Banerjee With Indian Rupee (INR) dwindling almost daily against US Dollar (USD), it is good the Union Budget for 2025-26 has stopped repeating on making the Indian economy a $5-trillion GDP to become the worlds third largest by the end of this year or anytime too soon. The budget also provides no indication of how and when INR will stabilize vis--vis USD. INR is pegged with USD. There is no way it can come out of the arrangement [] The post Indias $5-trillion-economy dream by 2025 has

BHOPAL, Feb 12 : India will surpass Japan and Germany to become the worlds third-largest economy by 2027, said Union minister Jyotiraditya Scindia on Wednesday, advising the Congress to turn pages of history before targeting Prime Minister Narendra Modi. The rate of inflation was 8.3-9 per cent in 2014, when Modi first took over as the PM, and it has now come down to 4.5 per cent, he claimed. The unemployment rate had reached 10 per cent during the Congress [] The post Scindia says India to beco

JERUSALEM, Feb 8: Israels Minister of Economy and Industry, Nir Barkat, will be leading the largest business delegation from the country to India next week to boost bilateral trade in what would be his third official visit to New Delhi. The two-day visit starts next week on Monday. Barkat will also be meeting Commerce and Industry Minister Piyush Goyal during the trip. The largest ever multi-sectoral CEO level delegation from Israel comprises over 100 innovative Israeli companies from healthcare

NEW DELHI, Feb 7 : Union Minister Dr. Jitendra Singh called on the States to establish BioE3 Cells as part of Indias biotechnology revolution, with the aim of realizing Bio-Vision for Viksit Bharat by 2047. During the Centre-State Conclave on BioE3 Policy held at Vigyan Bhavan here, the Minister underlined the significance of strengthening Centre-State collaboration to advance Indias bioeconomy driven future growth. Dr Jitendra Singh highlighted the need for state governments to leverage their u

GUWAHATI, Feb 1: Assam Chief Minister Himanta Biswa Sarma on Saturday termed Leader of the Opposition in Lok Sabha Rahul Gandhis comment on the Union Budget as politically motivated and said he has zero knowledge on the countrys economy. Addressing a press conference here, Sarma also slammed the Congress for not increasing the tax exemption limit during the 60 years of rule. The Congress should not criticise the Union Budget at all. They should know how much relief they had [] The post Rahul Gan

Abhinav Singh In August 2024, the Union cabinet approved the BioE3 policy-Biotechnology for Economy, Environment and Employment, a framework policy to leverage biotechnolog)- for Indias economic growth, environmental sustainability and employment generation. It prioritises bio-manufacturing initiatives in various sectors like biopolymers, smart proteins, bio-therapeutic^ dimate-resilient agriculture. and marine and space research. A key goal is to utilise biomass as a sustainable fuel source. In

Real estate investment stands as one of the best approaches to developing sustainable future wealth. The US real estate markets show constant changes, but a few cities remain primary destinations because of steady economic growth, growing populations, and strong real estate demand. Raleigh in North Carolina, and several other cities in the United States, represents a choice of investment location for the year 2025. Raleigh, NC The increasing employment activity stemming from Apple and Googles gr

LUCKNOW, Jan 25: Samajwadi Party chief Akhilesh Yadav on Saturday said the Uttar Pradesh government is only capable of a trillion lies and its claim of making the states economy reach the USD 1 trillion target in the next four years is impossible. In a post on X, Yadav alleged the BJP government was plagued with corruption, and said there were no tangible investments that have left the farmers, traders, businessmen, and industrialists struggling. BJP can only make a [] The post UP Govts claim o

by shivaji sarkar The Union Budget is to be presented after ten days and Indians eagerly await a miracle. They have been hoping for one, but it hasnt happened since long. Finance Minister Nirmala Sitharamans faith in Manmohanomics is leading to free-flow exploitation through tax on taxes and inflation choking the growth. India must learn from the economic vision of the first decade after Independence, bubbling with many aspirations. Some were fulfilled with the Five-Year-Plans, power projects,

NEW DELHI, Jan 20: The return of Donald Trump as the US President holds the potential to reshape geopolitical dynamics, with profound implications for the global economy and business, Aditya Birla Group Chairman Kumar Mangalam Birla said on Monday. The renewed global push for manufacturing is a welcome shift, signalling a move towards greater resilience and diversification in global supply chains and India, often underappreciated for its industrial capabilities, is poised to seize this moment,

By Satyaki Chakraborty The global economy is set to face significant challenges in 2025, with 56% of chief economists surveyed expecting conditions to weaken, according to the latest Chief Economists Outlook from the World Economic Forum. Only 17% foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide. While the United States appears poised for a short-term boost with 44% of chief economists predicting strong growth in 202

JAMMU, Jan 16: Deputy Chief Minister, Surinder Kumar Choudhary, today said that the local industry plays a pivotal role in employment generation besides helping in boosting the economy of a particular region. The role of local industrial sector is of significant importance in ensuring that the economy of a particular area gets the necessary boost and the present government is committed to ensure its proper growth by way of various interventions and industry friendly schemes the Deputy Chief Mini

NEW DELHI, Jan 15: Institutional investments in Indian real estate rose 61 per cent to USD 6.8 billion last year but attracting funds could be challenging in 2025 due to global uncertainties, according to Vestian. Institutional investments stood at USD 4.3 billion in 2023, real estate consultant Vestian said in a statement. Shrinivas Rao, CEO of Vestian, said, Despite a slow start, the real estate sector received significant institutional investments in 2024, surpassing pre-pandemic levels. How

BANGKOK, Jan 13: Thailands Cabinet approved on Monday a draft bill legalising casinos with the aim of boosting tourism and a sluggish economy. Some forms of gambling, such as betting on boxing and horse racing, are allowed but casinos remain illegal in the Southeast Asian country. Prime Minister Paetongtarn Shinawatra told reporters following the cabinet meeting the bill would also help attract more investments and solve issues of illegal gambling It will benefit society as a whole in the [] Th

NEW DELHI, Jan 13:Private equity investment in Indian real estate rose 6 per cent to USD 2.82 billion during the April-December period of this fiscal, driven by a surge in fund inflow in industrial & logistics parks, according to Anarock. Real estate consultant Anarock data showed that the number of Private Equity (PE) deals dropped to 24 during the first nine months of this fiscal from 30 in the year-ago period. But, the total investment value rose 6 per [] The post PE investment in Indian rea

Excelsior Correspondent JAMMU, Jan 11: National Conference (NC) president Dr Farooq Abdullah today stated that the Government led by Omar Abdullah is dedicated to bolster Jammus economy by fully tapping into its tourism potential. During his visit to Charwa Mansar, he engaged with the local people and addressed their concerns. Provincial president of Jammu province Rattan Lal Gupta, MLA Poonch Ajaz Jan, Israr Khan, others were also present. The public delegations that met with Dr Farooq emphasiz

Excelsior Correspondent JAMMU, Jan 11: The first every real summit organised by the Wonderhomz was held here today. The summit brought together prominent officials from banking, architects, developers and business associates to explore opportunities and challenges in the regions real estate landscape. The event was graced by chief guest, Arun Gupta (president, Chamber of Commerce & Industry) and guest of honour Deepak gupta (president, Traders Federation, Ware House). The summit recognized outst

Washington, Jan 11: The Indian economy is expected to be a little weaker in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Georgieva also said she expects quite a lot of uncertainty in the world this year mainly around the trade policy of the US. In her annual media roundtable with a group of reporters, she said global growth is expected to be steady in 2025, but with regional divergence. Georgieva said she expects the Indian [] The post Indian Economy Li

NEW DELHI, Jan 10 : Finland is advancing the agenda of circular economy globally and India is a key partner of the Nordic country in this journey, Finnish envoy Kimmo Lhdevirta said on Friday. In his address at an event hosted at the Finnish Embassy here, he also said, The sheer commitment to innovation and sustainability makes our cooperation not only valuable but also essential. The occasion was the launch of Design for Recyclability Guidelines for Films & Flexible Packaging [] The post Finlan

NEW DELHI, Jan 10:Indian real estate attracted equity investments of USD 11.4 billion last year, up 54 per cent annually, mainly from developers and institutional investors, according to CBRE. The growth in equity investments was made in land acquisitions as well as developments across all asset classes of real estate, real estate consultant CBRE said in a report released on Friday. Domestic investments remained the primary driver, with around 70 per cent share in total equity investments in 20

New Delhi, Jan 7: Indias economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. The gross domestic product (GDP) rate of 6.4 per cent will be the lowest since the Covid year (2020-21) when the country witnessed a negative growth of 5.8 per cent. It was 9.7 per cent in 2021-22; 7 per [] The post India Economy To Grow 6.4 Pc In 2024-25, Slo

By Anjan Roy Thirty-three years are half a lifetime. Thirty-three years ago, Dr Manmohan Singh stepped into a high-profile limelight, well after his formal retirement from a senior government job. When he died last Friday at the age of 92, he was considered Indias greatest finance minister and the architect of Indias modern economy. There is currently a national effusion of love and recognition for Dr Manmohan Singh, which ironically was absent during his lifetime. On the contrary, often enough,

NEW DELHI, January 1 : On the first day of the New Year today, Union Minister Dr. Jitendra Singh, Minister of State (Independent Charge) for Science and Technology, Earth Sciences (Independent Charge), MoS PMO, DoPT Personnel, Public Grievances and Pensions, Atomic Energy, Space, gave an exclusive interview to Doordarshan News, in which he exuded confidence that the year 2025 will witness India assuming a critical role in Global Bioeconomy revolution and that Indias 1st Biotechnology policy- BIO