Daily Excelsior

NEW DELHI, May 26: Larsen & Toubro (L&T) on Tuesday said it has secured multiple orders in India, including a contract from JSW Utkal Steel Ltd and two projects from Inland Waterways Authority of India (IWAI). The orders have been bagged by L&T GeoStructure, a wholly-owned subsidiary of L&T. JSW Utkal Steela subsidiary of JSW Steel has placed a contract for piling work at its steel plant project in Paradeep, Odisha. Piling work is the deep foundation job where long [] The post L&T wins orders fr

SRINAGAR, May 12: National Conference president Farooq Abdullah on Tuesday said the country was heading towards an energy crisis if the West Asia conflict is not resolved soon A crisis is coming upon us, fuel crisis, gas crisis. We are heading towards destruction, Abdullah told reporters here. The former chief minister said the government wants to switch to online mode for schools in order to save fuel. However, everyone (student) does not have the online facility. We will have to [] The post Co

NEW DELHI, May 12: AAP national convener Arvind Kejriwal on Tuesday questioned Prime Minister Narendra Modi over austerity measures he has asked people to follow and said he needs to tell people about the condition of the countrys economy. Addressing a press conference, Kejriwal said the country has passed through crises, including wars, in the past, but no prime minister before Modi announced seven most stringent steps, requesting people to follow them. He also said the obvious reason behind th

Excelsior Correspondent NEW DELHI, Apr 24: Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the 21st century will be Indias century and will be driven by a biology-led economy, with the countrys bio-economy projected to grow to $1 trillion by 2047. Addressing an international conference at IIT Roorkee , Dr Jitendra Singh said India is moving decisi

UNITED NATIONS, Apr 21: Indias economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4% in 2025, compared to 5.2% in 2024, driven largely by strong growth in India. Indias growth edged up to 7.4% in [] The post Indias Economy Projected To Grow At 6.4% This

Prof M K Bhat drmkb1963@gmail.com Iran-America war has rattled the geopolitical and geo economic atmosphere of the world. The closure of Strait of Homruz by Iran is a big push to world economy towards Global recession. The economies of global south, Europe and Asia have started to feel the heat and the other nations of the world are going to feel its intensity quite soon. Protests against the continuation of war have erupted in many countries including America. Maritime insurance [] The post War

ISLAMABAD, Apr 9:Prime Minister Shehbaz Sharif has set up a special body to deal with the effects of the West Asia conflict on the economy and security of the country. The National Coordination and Management Council (NCMC) was constituted hours ahead of the two-week ceasefire achieved between the US and Iran. US President Donald Trump announced that he had agreed to a two-week ceasefire with Iran as proposed by Pakistan. The NCMC is jointly headed by Minister for Economic Affairs [] The post Pa

MUMBAI, Apr 8: The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central banks six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and disrupted

New Delhi, Mar 23: Prime Minister Narendra Modi on Monday termed the prevailing situation in West Asia worrisome as it is having a very adverse impact on the global economy and the livelihoods of people. Making a statement on the prevailing situation in West Asia in the Lok Sabha, Modi also said that the security of Indians has been the governments biggest priority in times of conflict, and the Centre is sensitive, vigilant and also ready to extend every assistance. [] The post West Asia Situati

Prof. D. Mukherjee mukhopadhyay.dinabandhu@gmail.com The Middle East has long been a geopolitical crossroads where energy resources, global trade routes, and strategic rivalries intersect. When conflict erupts in this region, its consequences rarely remain local. The ongoing war has once again demonstrated how rapidly geopolitical instability can spread through the arteries of the global economy. Energy markets are particularly vulnerable. The Middle East accounts for roughly one-third of global

NEW DELHI, Mar 21 : Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that India is steadily emerging as a robust pharma economy, which will not only accelerate future growth but also emerge as a significant contributor to the countrys overall GDP. The minister emphasised that the growing strength of Indias pharmaceutical, medtech and manufacturing ecosystem

SRINAGAR, Mar 20: National Conference president Farooq Abdullah on Friday said that the war between Iran and the US-Israel coalition needs to come to an end quickly, as it could have massive repercussions for the global economy. It (war) will have severe consequences not only for the Indian economy but for the world economy, Abdullah told reporters after offering Friday prayers at Hazratbal shrine here. The former chief minister highlighted the importance of ending the war due to the loss [] The

Excelsior Correspondent NEW DELHI, Mar 19: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said that Indias bioeconomy has expanded from about USD 10 billion in 2014 to over USD 195 billion in 2025, reflecting a massive growth trajectory over the past decade. He said the sector has recorded an annual growth of around 17-18 percent in the last year alone, []

NEW DELHI, March 11 : Union Minister of Textiles, Giriraj Singh, on Wednesday stressed the need for the countrys textile sector to expand its global presence and move towards higher-scale and higher-value manufacturing to achieve the governments target of building a USD 350 billion textile economy and USD 100 billion in exports by 2030-31. Speaking at an interaction organised by the Confederation of Indian Industry (CII) with senior officials from the Ministry of Textiles and industry leaders ac

SYDNEY, Mar 5 : Prime Minister Narendra Modi is very focused on delivery of welfare programmes to the common people and has been successful in bringing hundreds of millions of them into the formal economy through financial reforms in India, Canadian Prime Minister Mark Carney has said. Carney was speaking on Wednesday during an interaction at the Lowy Institute, Australias leading think tank, where he was asked to speak about his assessment of Prime Minister Modi, days after the two [] The post

New Delhi, Feb 27: Indias economy grew by 7.8 per cent during the October-December quarter of 2025-26, up from 7.4 per cent a year ago, according to the new series of national accounts with 2022-23 as the base year. The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with the base year 202223. It replaces the previous series with a base year of 201112. According to the new [] The post Economy Grew B

Software as a service has long been synonymous with modern business infrastructure. From customer management to finance, from collaboration to analytics, SaaS platforms underpin daily operations across industries. Yet the confidence that once surrounded the category has been replaced by questions. Can SaaS adapt to artificial intelligence? Can subscription models sustain growth in tighter markets? Has the category reached saturation? Rupon Anandanadarajah approaches these questions from a strate

NEW DELHI, Feb 23: Finance Minister Nirmala Sitharaman on Monday said it was too early to assess the US tariff impact on the Indian economy, and Commerce Minister Piyush Goyal is reviewing the situation. It is too soon to comment on the impact on the Indian economy from US tariff changes. The Commerce Minister is reviewing the situation, Sitharaman said after addressing the presser here after customary post-Budget meeting of the Central Board of Directors of the Reserve Bank of [] The post Too e

WASHINGTON, Feb 20: Americas gross domestic product the nations output of goods and services increased at an 1.4 per cent annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4 per cent in the July-September quarter and 3.8 per cent in the quarter before that. A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said. Consumer spending rose just 2.2 per cent, a significant slowdown from the [] The

United Nations, Feb 15: India is a very successful emerging economy with a bigger influence in global affairs, and is the right place to host the AI summit, UN Secretary-General Antonio Guterres has said. In an exclusive interview with news agency at the UN Headquarters ahead of the IndiaAI Impact Summit 2026, Guterres underscored that Artificial Intelligence should benefit the entire world and not just be a privilege reserved for developed nations or two superpowers. I strongly congratulate Ind

Digitalization has changed the way Indians spend their free time and disposable income. The smartphone has evolved from a mere communication device into the primary gateway for entertainment, travel planning, and social interaction. This transformation is not limited to metropolitan hubs like Delhi or Mumbai; it has permeated Tier-2 and Tier-3 cities, creating a unified digital leisure economy that was unimaginable just a few years ago. The convergence of affordable data plans and widespread har

Jammu, Feb 9: CPI(M) leader M Y Tarigami on Monday criticised the recent India-US trade deal, alleging it would severely hurt the countrys agricultural sector and deal a particular blow to the economy of Jammu and Kashmir. Participating in the discussion on the Budget in the Assembly, Tarigami said the agreement compromised national sovereignty by favouring American interests while exposing Indian farmers especially apple, peanut, and soyabean growers to unfair competition without adequate saf

Excelsior Correspondent VIJAYAWADA, Feb 7: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singhtoday stated that Andhra Pradesh, along with other coastal states, will emerge as the torchbearer of Indias Blue Economy transformation. Referring to the Prime Ministers repeated emphasis from the Red Fort on making the Blue Economy a national priority mission, the Minister

KARACHI, Feb 7:The supply of cost-effective vaccines from India that stopped after the May 2025 conflict has put a strain on Pakistans economy, Health Minister Mustafa Kamal said on Saturday. Pakistan earlier procured the cheap vaccines through the Global Alliance for Vaccines and Immunisation (GAVI), a global public-private health partnership working to provide vaccines for children from the worlds poorest countries. Right now, Pakistan imports vaccines at an annual cost of around USD 400 milli

Jammu, Feb 6: The tourism industry is a key pillar of economic growth and livelihood generation in Jammu and Kashmir, Chief Minister Omar Abdullah said on Friday, while announcing measures to promote sustainable tourism, pilgrimage infrastructure and cultural preservation in the annual budget for 2026-27. Presenting the budget in the assembly, Abdullah said that despite challenges such as the Pahalgam terror attack incident and subsequent floods, Jammu and Kashmir recorded over 1.61 crore touris

Excelsior Correspondent MUMBAI, Feb 5: There is an old Indian saying that a tree only attracts attention if it bears fruit. Today, in this new era, India and the tree of the Indian economy is bearing fruit. This was stated by Mukesh Ambani, Chairman Reliance Industries Limited (RIL) during an event titled Investing for a New Era. The event was organized by Larry Fink, CEO of Jio-BlackRock. Larry Fink, whose firm manages the worlds largest pool of capital, opened the [] The post India and tree of

Jammu, Feb 5: The Union Territory of Jammu and Kashmirs real Gross State Domestic Product (GSDP) is estimated to grow at 5.82 per cent, according to the Economic Survey Report 2025-26. The report said that Jammu and Kashmir achieved a compound annual growth rate (CAGR) of 4.47 per cent in real GSDP during 2019-20 to 2024-25, indicating economic resilience and post-pandemic recovery. The growth rate is higher than Delhi and Himachal Pradesh and marginally higher than Haryana during the same [] Th

Heres a story that happens every single night. You wake up, grab your phone, and see three new Zillow alerts. All from 2 AM. All from buyers ready to talk. You missed them. Theyre gone. Already talking to some other agent who answered faster. This is the quiet killer of real estate businesses. Leads dont care about your sleep schedule. They see a house. They get excited. They click contact agent. And they expect an answer right now. Not in [] The post The 24/7 Open House: How a Virtual Assistant

Dr Dharam C. Attri dharam@iust.ac.in The Union Territory of Jammu and Kashmir (J&K) possesses a silent, yet immensely powerful, competitive edge in the global bio-economy, its unique status as a biodiversity hotspot for Medicinal and Aromatic Plants (MAPs). The region is home to over 1100 known species of significant therapeutic and commercial value, placing it at a critical juncture to capitalise on a robust global market that exceeds Rs 2 lakh Crore, with Indias national market alone estimated

LG Manoj Sinha Hails The Budget 2026-27 The budget promises unprecedented empowerment for youth, women, and farmers: LG Jammu, Feb 1: Lieutenant Governor, Manoj Sinha today hailed the Budget 2026-27 as pragmatic which he said will prioritize economic acceleration, create future-ready infrastructure, sustain growth momentum, chart path to $5 trillion economy milestone within few years and comprehensive fiscal strategy will balance growth ambition with social welfare. Expressing gratitude to the H

Excelsior Correspondent NEW DELHI, Jan 29: Indias space economy has grown to an estimated $8.4 billion, with 399 start-ups now operating across launch vehicles, satellites, propulsion systems and space-grade electronics, Union Minister of State (Independent Charge) for Science and Technology and Space, Dr. Jitendra Singh, said while responding to a starred question in the Rajya Sabha on Wednesday. Dr. Jitendra Singh told the House that the expansion followed key policy decisions taken after 2019

New Delhi, Jan 29: The Economic Survey on Thursday projected the GDP growth in the range of 6.8 to 7.2 per cent in 2026-27, a tad lower than 7.4 per cent estimated in the current fiscal. The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism, said the pre-Budget document tabled in the Lok Sabha. The growth projection has taken into consideration the cumulative impact of policy reforms over recent years that appear to [] The post Indias econo