Economy / The New Indian Express
NEW DELHI: The Congress on Thursday took a swipe at the government over the state of the economy, saying fixation on its size gets headlines but consumption is tepid and investment momentum is just not picking up. Congress general secretary, in-charge of communications, Jairam Ramesh said first the NITI Aayog CEO makes a claim on the size of the Indian economy which apparently surpassed Japan's just as he was speaking. Then a member of the NITI Aayog contradicts its CEO and presents a more reali
BENGALURU: Chief Minister Siddaramaiah has said that because of the foundation laid by the countrys first Prime Minister Jawaharlal Nehru, India has emerged as the fifth largest economy in the world. Nehru is also the reason for revolution of science and technology, the CM said. Siddaramaiah was speaking at the death anniversary of the former PM at the KPCC office in Bengaluru on Tuesday. Siddaramaiah said that Nehru laid the foundation for modern India. Post-independence, after Britishers loote
VIJAYAWADA: Chief Minister N Chandrababu Naidu and Deputy CM Pawan Kalyan on Sunday praised Prime Minister Narendra Modis bold and visionary leadership as India officially overtook Japan to become worlds fourth-largest economy. Naidu stated that, according to data released by the IMF, India is on track to surpass Germany and become the third-largest economy globally by 2028. Today, we are at a juncture where all states must come together and join forces to achieve the goal of Viksit Bharat 2047.
CHENNAI: Tamil Nadu Chief Minister MK Stalin on Sunday urged the BJP-led Union government to extend its support to all States including Tamil Nadu without any discrimination to help them achieve their developmental goals and that of the country. Addressing NITI Aayogs Governing Council (GC) meeting in New Delhi chaired by Prime Minister Narendra Modi with the participation of CMs from across the country, Stalin stressed that cooperative federalism is the foundational principle to realise PMs vis
BHUBANESWAR: Chief Minister Mohan Charan Majhi on Friday said Odisha needs to diversify its economy beyond agriculture and give more attention to the manufacturing sector for achieving all-round growth. Addressing the 70th foundation day celebration of the Odisha Mining Corporation (OMC), the chief minister said the goal of the state government is to develop a mixed economy that will be inclusive and have greater impact on all sections. Odisha has sufficient raw materials necessary to go for man
HYDERABAD: Chief Minister A Revanth Reddy has directed officials to prepare a comprehensive three-year Electricity Plan to address the future needs of the state and achieve a USD 1 trillion economy. At a review meeting on the energy sector held here on Friday, he outlined a strategy to meet the states soaring power demand, driven by rapid economic and industrial growth. Emphasising the need for Telangana to prepare for its goal of becoming a USD 1 trillion economy, Revanth directed the senior of
MUMBAI: Prime Minister Narendra Modi, while inaugurating the World Audio Visual and Entertainment Summit (WAVES) on Thursday, said that Indias creative economy will contribute significantly to the countrys GDP in the coming years. Indias Orange Economy stands on three strong pillars content, creativity, and culture; therefore, in the coming years, Indias creative economy will hold a significant share in the countrys GDP, said Prime Minister Narendra Modi while inaugurating the World Audio Visua
NEW DELHI: With the advent of technology, world of creators and their economy is going through a fundamental change, Union Minister for Information and Broadcasting Ashwini Vaishnaw said on Saturday. The old model is giving way to the new model, he said. He also said that gone are the days when a big studio was needed for creating content, and today, a creator from a remote village in Jharkhand or Kerala can create good-quality content and get millions of views. The minister was interacting with
NEW DELHI: As the US hits India with 27% tariff , Leader of Opposition in Lok Sabha Rahul Gandhi on Thursday questioned the Union governments foreign policy and sought to know the impact of the revised US tariffs on Indian exports and Chinese occupation of Indian territory. Speaking during the Zero Hour in the Lok Sabha, the LoP lashed out at the Centre saying the reciprocal tariffs slapped by the US would completely devastate the Indian economy, and demanded answers from the government over the
CHANDIGARH: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu presented a tax-free budget with an outlay of Rs 58,514 crore for the year 2025-26. The budget focuses on strengthening the agrarian economy through the participation of farmers, rural youth and women besides improving healthcare facilities. He also announced the constitution of a Special Task Force (STF) to combat drug abuse in Himachal Pradesh. The government will focus on promoting religious and eco-tourism besides exploring l
NEW DELHI: Union minister for Information and Broadcasting (I&B) Ashwini Vaishnaw on March 13 announced a dedicated fund of one billion US dollars to empower the talented creators and boost the creator economy. For creator economy, a one-billion US dollar fund will be established. It is to make sure that all our energetic creators -- using the latest technologies today -- will be able to get access to the capital and hone their skills and upgrade production level to reach out to the internationa
SRINAGAR: The Jammu and Kashmir economy is projected to grow at 7.06 percent and the nominal Gross State Domestic Product (GSDP) may increase by 11.19 percent in 2024-25, according to the Economic Survey Report (ESR) 2024-2025. As per the survey, which was tabled by Chief Minister Omar Abdullah in Assembly on Thursday, the size of the economy is estimated to be approximately Rs 2.65 lakh crores. J&K UT is estimated to achieve a compound annual growth rate of 4.89 percent in its real GSDP from 20
HARSIL: Making a strong pitch for round the year tourism in Uttarakhand, Prime Minister Narendra Modi Thursday said there should be no off-season in the picturesque hill state and this would strengthen its economy in a big way. Addressing a rally in Harsil after offering prayers at the village of Mukhwa, the winter abode of Goddess Ganga in Uttarkashi district, he said visitors will get the true flavour of Uttarakhand if they come to the state in winter. When fog envelops the rest of the country
NEW DELHI: Union minister Bhupender Yadav said on Tuesday that Indias circular economy has the potential to create a market worth over $2 trillion and generate nearly 10 million jobs by 2050. He said the circular economy may be about to drive one of the biggest transformations in business since the industrial revolution 250 years ago. Through a radical departure from the traditional take, make, waste production and consumption models, the circular economy could provide a potential $4.5 trillion
RAIPUR: The Chhattisgarh government on Monday presented a Rs 1,65,000 crore budget for the financial year 2025-26, aimed to build on the progress made in previous year growth with GATI. Finance minister O P Choudhary, in the second budget of the Vishnu Deo Sai government, focused on driving growth in Chhattisgarh under the theme of GYAN ke liye GATI to propel the journey with a rapid progress towards achieving the goals for 2030. While stressing on prosperity for previous year theme GYAN gareeb
NEW DELHI: India on Monday proposed a multi-nation alliance for technical collaboration, partnerships, and cooperation between private sectors at the city level to accelerate the circular economy for a sustainable future. Speaking at the inauguration of the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, Union Minister of Housing and Urban Affairs Manohar Lal said that, to carry forward the vision of Prime Minister Narendra Modi, he suggests a new platform - Cities Coalition
PATNA: The Bihar economy at current prices has grown 3.5 times, from Rs 2.47 lakh crore in 2011-12 to Rs 8.54 lakh crore in 2023-24, according to the states Economic Survey report for 2024-25 presented by Deputy CM and finance minister Samrat Choudhary in the assembly on the first day of the budget session on Friday. Choudhary said that the economic growth had taken place over the last two decades, improving socio-economic indicators. As per the latest available estimates, the Gross State Domest
GUWAHATI: Prime Minister Narendra Modi on Tuesday said Assams contribution to Indias growth is steadily increasing, highlighting that the states economy has doubled in just six years under BJP. Addressing a gathering after inaugurating the Advantage Assam 2.0 business summit in Guwahati, Modi said East India and Northeast India are embarking on a new journey of the future and Advantage Assam is a mega initiative to intertwine the incredible potential and progress of Assam with the world. The PM
DEHRADUN: Uttarakhands economy has expanded 21 times in the past 23 years, surpassing the growth of Jharkhand and Chhattisgarhboth formed on 9 November 2000. This key finding is detailed in the Economic Survey Report for 2024-25, presented by Parliamentary Affairs Minister Prem Chand Agarwal in the assembly. During his presentation, Agarwal stated, The report clearly indicates Uttarakhand's significant progress, highlighting our unwavering commitment to development. The newly released Economic S
JAIPUR: Rajasthan Deputy Chief Minister Diya Kumari on Wednesday presented the Budget for the financial year 2025-26 and announced that the government is committed to make the state a USD 350 billion economy. Kumari, who also holds the finance portfolio, said the state government has delivered 58 per cent of its promises made in the election manifesto and has fulfilled 73 per cent of the previous Budget announcements. She announced that as many as 2 lakh new houses will be provided with drinking
NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is seeing a speedy rebound from 5. 4 per cent growth clocked in the second quarter of the current fiscal, and the government shall take measures to ensure that India remains the world's fastest-growing economy. Replying to discussions on the Union Budget for 2025-26 in the Lok Sabha, the finance minister said the Budget has taken various steps to increase liquidity in the hands of people while maintaining fisc