* Inaugurates National Agriculture Summit and Mela Excelsior Correspondent JAMMU, Nov 20: Chief Minister Omar Abdullah today emphasized the critical role of agriculture in addressing climate change and improving the economy of Jammu and Kashmir. He was speaking at the inauguration of the four-day National Agriculture Summit & Farmers Fair-2024 at Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST), Jammu. Highlighting the exigency of climate change, the Chief Minister said

JAMMU, Nov 20: Chief Minister Omar Abdullah today emphasized the critical role of agriculture in addressing climate change and improving the economy of Jammu and Kashmir. He was speaking at the inauguration of the four-day National Agriculture Summit & Farmers Fair-2024 at Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST), Jammu. Highlighting the exigency of climate change, the Chief Minister said, Climate change is a huge challenge, and the responsibility lies on SKUAST

Excelsior Correspondent NEW DELHI, Nov 19 : In a move highlighting Indias commitment to sustainable ocean development, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh felicitated international foreign trainees from six countries including Nigeria, Kenya, Sri Lanka, Tanzania, Ghana and Jamaica, w

NEW DELHI, Nov 15: Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moodys Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, [] The post Moodys says Indian econo

MUMBAI, Nov 14:Reserve Bank Governor Shaktikanta Das on Thursday said the Indian economy has been sailing smoothly amid the global headwinds. Speaking at an event organised by CNBC-TV18 here, Das declined to comment on a suggestion by Union Commerce Minister Piyush Goyal for a rate cut, maintaining that the rate-setting panel will take an appropriate call on it at its next meeting in December. In comments made days after headline inflation shot up beyond the 6 per cent tolerance [] The post Ind

PANAJI, Nov 8: Union Commerce and Industry Minister Piyush Goyal on Friday said Indias growth story will take the countrys USD 3.5 trillion economy now to USD 35 trillion in the next 25 years. Addressing the inaugural session of Amazing Goa Global Business Summit 2024, Goyal said that the 21st century belongs to India and it was on track to become the third largest world economy in three years. Chief Minister Pramod Sawant, former Union minister Suresh Prabhu and others [] The post India will be

NEW DELHI, Oct 29 : India is the fastest growing major economy and is likely to become the third largest economy soon, President Droupadi Murmu said on Tuesday. Addressing an event in Delhi, she said the Indian economy had been demonstrating resilience in the face of geopolitical challenges and the countrys economy was likely to grow tenfold by 2047. India is the fastest growing major economy and is likely to become the third largest economy soon, Murmu said. According to [] The post India faste

Excelsior Correspondent SRINAGAR, Oct 25: Minister of Rural Development Department (RDD) & Panchayati Raj, Javed Ahmad Dar, today maintained that the Rural Development Department has huge potential to boost the rural economy and uplift the living standards of people residing in villages of Jammu and Kashmir. The Minister made these remarks while chairing a maiden review meeting of RD&PR department here at Civil Secretariat. The Minister had a detailed scheme wise review of implementation of sche

WASHINGTON, Oct 23: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the countrys macroeconomic fundamentals are good. India is said to remain the largest growing economy in the world. We project growth at seven percent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices n

WASHINGTON, Oct 23: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the countrys macroeconomic fundamentals are good. India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices

In 2024, a significant number of Indias wealthy individuals are eyeing luxury properties. According to a report from Sothebys International Realty, one of the top real estate networks in the world, 71% of Indias ultra-rich want to invest in luxury real estate over the next 12 to 24 months. This jump in numbers isnt just a passing trend. Its driven by several serious factors, such as capital appreciation, lifestyle upgrades, confidence in Indias economy, and increased wealth in India. Moreover, [

NEW DELHI, Oct 21: Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on Investment in Indian Real Estate, observing that funds inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. Investors have shown confidence in Indias growth story on th

MALE, Oct 21: Maldives President Mohamed Muizzu has taken necessary steps to introduce Indias Unified Payments Interface (UPI) in the archipelago nation, slated to benefit the Maldivian economy substantially. Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating inter-bank transactions through mobile phones. Muizzu on Sunday set up a consortium to introduce UPI in the country and appointed TradeNet Maldives Corporation Limited

JAMMU, Oct 18: The Jammu and Kashmir Government has appointed several officials as Nodal Officers to develop concept notes on Opportunities in Green Economy Skills and Jobs in the Renewable Energy Sector for the upcoming 4th National Chief Secretaries Conference See order copy click here. The post J&K Govt Appoints Nodal Officers for Green Economy Initiative appeared first on Daily Excelsior .

WASHINGTON, Oct 18: Indias growth rate is among the shiniest parts in the world economy, World Bank president Ajay Banga said , noting that a lot of this is driven by the domestic market. There is no doubt that Indias growth rate is among the shiniest parts in the world economy. I think being able to grow at six, seven per cent and more in this kind of environment shows you that theyve done a number of things to get [] The post Indias growth rate is among the shiniest parts in the world economy:

NEW DELHI, Oct 17: Moodys Ratings on Thursday said India has made rapid progress building its renewables capacity, but its fast-growing economy and expanding population will drive up carbon-intensive product demand. Moodys expects India to remain one of the fastest growing economies in the world with real GDP growing 7.2 per cent in 2024 and 6.6 per cent in 2025. The country is likely to sustain similarly high rates of growth over the next decade, it said. With a rising [] The post Indias fast g

New Delhi, Oct 17: India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a USD 30 trillion economy by 2047, from the current USD 3.6 trillion. India is currently the fifth largest economy. India is poised [] The post

AYODHYA (UP), Oct 16 : Israeli Ambassador Reuven Azar visited the Ram temple in Ayodhya on Wednesday and noted that Israel and India have preserved their ancient faith and culture for generations despite many challenges. The envoy visited the shrine before concluding his Uttar Pradesh trip during which he expressed solidarity with UPs ambition to become a USD 1 trillion economy and stressed that Israel also shared the same goal. I am extremely honoured to have visited Shri Ram Temple [] The post

Excelsior Correspondent SRINAGAR, Oct 16: Deputy Chief Minister Surinder Chowdhary today said that a big Follow the Daily Excelsior channel on WhatsApp responsibility has been put on his shoulders and that it was challenging to fill the 10 years of vacuum in just five years. Click here to watch video Chowdhary after taking the oath as Deputy Chief Minister told Excelsior: I have been allotted the Deputy CMs portfolio which is a big responsibility on my shoulders. I will try [] The post Darbar Mo

New Delhi, Oct 14: US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 [] The post Export to

Washington, Oct 10: A young Indian-American running for US House of Representatives and most likely to win the November general elections has promised to work on a comprehensive immigration reform with a focus on legal immigration and strengthening of economy by helping small businesses. I want to make sure we have a strong economy in the United States. This area (suburbs of Washington DC in Virginia) in particular is right outside of Washington, DC. We have a lot of federal [] The post Indian-A

By Prabhat Patnaik The fact that the world economy has slowed down since the financial crisis of 2008 is beyond dispute. In fact even conservative American economists have started using the term secular stagnation to describe the current situation (though they have their own peculiar definition for it). The purpose of the present note is to give some growth-rate figures to establish this particular point. Calculations of GDP, which are notoriously unreliable for particular countries, are even m

New Delhi, Oct 8: Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India. In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million. Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum regist

By Tirthankar Mitra It is no secret that Pakistan economy is in doldrums and International Monetary Fund (IMF) has approved $ 7 billion Extended Fund Facility (EFF) for the beleaguered country following a staff level meeting with Islamabad. A United Nations report stated that Pakistans economy is to face global challenges this year, with a modest GDP growth expected. The situation in Pakistan remains chaotic after 2024 elections. Economic data shows that the crisis will continue. Inflation stood

New Delhi, Oct 2: Institutional investments in real estate grew 45 per cent to nearly USD 1.15 billion in July-September with investors looking to encash the strong demand for premium homes and offices, according to Colliers. Consultant Colliers India data showed that the institutional investments in real estate during July-September stood at USD 1,148.7 million as against USD 793.4 million in the year-ago period. Among different assets class in the overall real estate market, the consultant not

SINGAPORE, Sept 30: The fusion of Hindi spoken by 57.2 crore people in India and another 50 crore globally with cutting-edge technology opens a realm of possibilities for businesses, allowing them to tap into vast, previously inaccessible, markets, a top Singapore business leader has said. Neil Parekh, chairman of the Singapore Indian Chamber of Commerce and Industry, said, As we transcend the world of digitalisation, where boundaries between cultures and markets are increasingly blurred, lang

By Dr. Nilanjan Banik Debates alone dont win a presidential election, but they can certainly influence the outcome in a closely contested race. The last presidential debate between Donald Trump and Kamala Harris was marked by numerous arguments and counter-arguments, but much of the discussion focused on economics and how each candidate plans to address the aspirations, ambitions, and dreams of the American people. There is a perception that, because Trump is being funded by major corporations

KOLKATA, Sept 27: Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran, on Friday said that the Indian economy is expected to grow at a rate of 6.5-7 per cent in the current financial year on a steady state basis. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News He said the growth rate is commendable given the current global scenario. Speaking virtually at an event organised by the Bengal Chamber of Commerce and Industry [] The post Indian Economy To Grow

NEW DELHI, Sep 25: The Modi governments flagship initiative Make in India launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve

New Delhi, Sept 25: Century Real Estate on Wednesday said it has sold housing properties worth Rs 450 crore at its new project in Bengaluru. In a statement, the company said it has launched a new ultra luxurious project, Codename Built Rare at Indiranagar in Bengaluru. The company has clocked Rs 450 crore in sales during the pre-launch of its phase 1, it said. The project is spread over 8.5 acres. It will be launched in two phases with 347 [] The post Century Real Estate sells Rs 450 cr worth lu

JAIPUR, Sept 23: Defence Minister Rajnath Singh on Monday said the role of the private sector is becoming increasingly prominent in nearly every area of the Indian economy and it is steering the nations economic progress. Addressing the inauguration programme of a Sainik School at Shri Bhawani Niketan Public School here, he said Sainik schools are also being set up under the Public-Private Partnership (PPP) model. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News Sainik schools

Sydney, Sept 23: Indian real estate market size is estimated to jump multi-fold to USD 5-7 trillion by 2047 and may even touch USD 10 trillion driven by rising economic growth and rapid urbanisation, according to a report by CREDAI and Colliers. Realtors apex body CREDAI and real estate consultant Colliers India on Monday released a joint report Indian Real estate: The Quantum Leap here at CREDAI-NATCON conference. From a 6-8 per cent contribution to the GDP and a market [] The post Indian real

Houston, Sep 19: Petroleum minister Hardeep Singh Puri lauded Indias economic growth under Prime Minister Narendra Modi, saying the country has advanced from the 10th largest economy in 2014 to the 5th largest by 2019, surpassing the UK. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News Speaking at a community reception, organized by Consul General of India in Houston, D C Manjunath, at India House here, Puri emphasized Houstons pivotal role in the global energy sector, [] The p

JAMMU, Sept 13: The Jammu and Kashmir Government has nominated 70 officers as Union Territory-level Nodal Officers to prepare concept notes on the Circular Economy for the upcoming 4th National Chief Secretaries Conference. See order copy click here. The post J&K Govt Nominates 70 Officers for Circular Economy Concept Notes appeared first on Daily Excelsior .

WASHINGTON, Sep 11: Kamala Harris and Donald Trump have sparred over all major issues, including US foreign policy, economy, border security and abortion, during their first presidential debate that could alter the course of the race for the White House. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News The matchup on Tuesday began with a handshake but later descended into acrimony. During the 90-minute debate in Pennsylvania, Trump, the Republican presidential candidate, and Ha

KOTA (Rajasthan), Sep 8 : Lok Sabha Speaker Om Birla on Sunday underscored the pivotal role played by cooperative institutions in the country and asserted that the cooperative movement has catalysed a remarkable metamorphosis in the socio-economic sphere of the nation. The Kota-Bundi parliamentarian was interacting with media persons on the sidelines of the annual convention of Hitkari Cooperative Shikshan Samiti here on Sunday. On this occasion, Birla also felicitated the senior citizens of the

SINGAPORE, Sept 6: Indias growing role in the global economy presents Singapore with opportunities for collaboration across economic, technological and geopolitical spheres, Singapore Indian Chamber of Commerce and Industry chairman Neil Parekh has said. The Indian-origin business leaders comments came as Singapore Prime Minister Lawrence Wong announced the elevation of the India-Singapore strategic partnership to comprehensive strategic partnership on Thursday. Parekh was speaking at the inaugu

SINGAPORE, Sep 4 : Singapore-based diversified real estate group CapitaLand is planning to double its investment in India to over Rs 90,280 crore by 2028, the city-states envoy to India said on Wednesday. In a post on X, High Commissioner Simon Wong said it is good to see Singaporean companies doubling down on investments in India. Singapores CapitaLand, one of Asias largest diversified real estate groups, plans to more than double its funds under management in India to more than [] The post Sin

Excelsior Correspondent NEW DELHI, Aug 31: While formally releasing the pathbreaking new Bioeconomy policy at National Media Centre here today, Union Minister of State (I/C) Science & Technology, Dr Jitendra Singh hailed India as global torchbearer of the next Industrial Revolution. He thanked PM Narendra Modi for his support in bringing out the policy. BioE3 policy will prove to be a milestone not only for the bio economy but a game changer for Viksit Bharat @2047 said Dr. Jitendra Singh. [] Th

Excelsior Correspondent NEW DELHI, Aug 26: The new Bioeconomy policy rolled out by the Modi Govt is set to place India as a global leader in the years to come, said Union Minister Dr. Jitendra Singh while briefing the media about the recent Union Cabinet decision on the ambitious BioE3 (Biotechnology for Economy, Employment and Environment) Policy, heralding a transformative shift in Indias manufacturing sector. As India emerges as a Global Biotech Powerhouse, said Dr Jitendra Singh, Prime Minis

Kolkata, Aug 21: Executive director at the International Monetary Fund (IMF) Krishnamurthy Subramanian on Wednesday said that the size of the Indian economy has the potential to touch USD 55 trillion by 2047 if the growth rate in dollar terms remains at 12 per cent. Speaking at a CII event here, Subramanian, the former chief economic advisor to the government from 2018 to 2021, said that inflation targetting since 2016 had helped the country average out the rate of price [] The post Possible for

With a wave of innovation and investment, tier 2 and tier 3 cities are set to redefine Indias commercial real estate sector, offering unparalleled opportunities for growth and success. Meghraj Singh Royal As Indias metropolitan cities grapple with the challenges of rapid urbanization and limited land availability, the commercial real estate market in these metros has reached a saturation point. Cities like Mumbai, Delhi, and Bangalore, which have traditionally driven the commercial real estate

NEW DELHI, Aug 16: Delhi-NCRs real estate market has attracted highest private equity investment of USD 633.3 million during January-June period of this year as investors look to encash high demand for prime office space and luxury housing, according to Cushman & Wakefield. In its latest capital market report, real estate consultant Cushman & Wakefield mentioned that Delhi-NCR attracted USD 633.3 million of inflows during the first six months of this calendar year. Out of the total investment in

Excelsior Correspondent NEW DELHI, Aug 12: Bharatiya Janata Party (BJP) leader and Rajya Sabha MP Er Ghulam Ali Khatana launched a sharp attack on the Congress Party today, accusing it of collaborating with foreign entities to destabilize Indias economic stability. Khatanas remarks came in reaction to recent allegations by Hindenburg Research, which he dismissed as part of a broader conspiracy to tarnish Indias global reputation. Hindenburgs charges are a deliberate attempt to defame our nation

Excelsior Correspondent NEW DELHI, Aug 8: Indias bio-economy has grown 13 fold in the last 10 years from $10 billion in 2014 to over $130 billion in 2024.It is projected to reach US$300 billion by 2030, said Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh while addressing the National Biopharma

NEW DELHI, Aug 7: Asserting that Indias rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years. Addressing on the occasion of the 10th National Handloom Day, he expressed confidence that the optimal utilisation will take place to promote handlooms, the need of the hour, the need of the country, and the need of the planet, if we think in terms of climate change. The Be [] The post India to become third lar

The gig economy in India offers a double-edged sword: it provides unparalleled flexibility and opportunity but also demands a reevaluation of job security and benefits Pavitra Pradip Walvekar In recent years, a seismic shift has transformed the way we think about work. Enter the gig economy a dynamic labor market where flexibility and independence reign supreme. But what does this mean for India? Lets dive into the exciting world of gig work and explore its implications for the [] The post Ins

New Delhi, July 30: Indias strides towards the ambitious goal of being a USD 35 trillion economy by 2047, will provide Airtel tremendous growth opportunities and new avenues of business, Chairman Sunil Mittal has said. Mittal said 5G will play a critical role in accelerating the vibrant growth of Indias digital landscape, as he asserted that Airtel is committed to being at the forefront of this intersection and working with policymakers and multiple stakeholders for achieving this goal. Indias p

By Shivaji Sarkar The paradox within Indias food scenario, where higher agricultural yields year after year coincide with sharp spikes in inflation, demands attention beyond the realms of production, agriculture and consumer affairs ministries.While the agricultural sector is poised to grow significantly, with projections estimating its value to reach $24 billion by 2025, the simultaneous rise in food prices poses a big challenge. This inflationary trend could hinder Indias ability to compete in

Mumbai, Jul 29: Indias digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday. Follow the Daily Excelsior channel on WhatsApp In the foreword of Report on Currency and Finance (RCF) for the year 2023-24, Reserve Bank Governor Shaktikanta Das emphasised that digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost. India is at the []