Economy / The Times of India
Researchers at IIM Lucknow have found key factors for circular startups. These startups focus on reducing waste and reusing materials. The study highlights the importance of technology and collaboration. Clear business models and secure data are also crucial. Government support and funding can boost circular innovation. The findings offer a roadmap for entrepreneurs and policymakers in India.
South Korean President Lee Jae Myung has unveiled a substantial USD 22.1 billion supplementary budget to invigorate the nation's economy and aid struggling citizens. Approved by the Cabinet, the plan involves new spending and revised revenue projections. A key feature is a universal cash handout, with citizens receiving a minimum of 150,000 won.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted India's economic growth under Prime Minister Modi's 11-year tenure, noting its rise to the fourth-largest global economy and a doubling of per-capita income. He emphasized the shift in India's approach to terrorism, advocating for peace but asserting a strong response to threats through surgical and air strikes.
India has surged past Japan to become the worlds fourth-largest economy, a milestone driven by robust domestic consumption, strategic reforms, and expanding global trade. While the $4 trillion GDP reflects economic strength, it also highlights the urgency for inclusive growth. For students, this shift offers vital insights into policy, inequality, innovation, and India's evolving global role.
India's External Affairs Minister S Jaishankar discussed the nation's growing alignment with Europe, highlighting economic progress and strong bilateral relations with Ireland. He emphasized the significance of finalizing the free trade agreement with the EU and the increasing convergence as India becomes a major global economy.
India will present its effective waste management practices from the Mahakumbh at the upcoming 'Regional 3R and Circular Economy Forum in Asia and the Pacific' in Jaipur. Housing and urban affairs minister Manohar Lal Khattar noted the religious congregation's efficient waste management plan involving 25,000 personnel. The conference will discuss 'waste to wealth' and boosting circular economy.