The Times of India News
Economy / The Times of India
Finance Minister Nirmala Sitharaman refuted claims of India being a dead economy in the Lok Sabha, citing strong growth figures and sovereign rating upgrades. She highlighted India's position as the fastest-growing major economy, with 8.2% growth in the September quarter, and emphasized the country's transition from fragility to fortitude.
In a bold move toward modernization, Bihar's Chief Secretary Pratyaya Amrit has called upon a high-level committee to pinpoint pioneering individuals by December 25th. These leaders will play a crucial role in transforming the state into a cutting-edge economic powerhouse, tapping into Bihar's abundant talent and the recent surge in investor enthusiasm.
Tamil Nadu is launching the ambitious TN Shore project, a 1,675 crore initiative funded by the World Bank and state government, to combat increasing coastal disasters. Six centers of excellence are being established to address climate change impacts like erosion and pollution, while also focusing on livelihood improvement and community engagement for conservation.
Freelance work in India is undergoing a structural rise as companies seek specialised tech talent to meet rapid digital demands. A new study highlights sharp growth40% more tech projects on Flexing It and a 2530% jump in gig hiring. Firms value speed, expertise, and flexibility, while professionals gain autonomy, diverse projects, and stronger global exposure.
Karnataka aims to become a $20 billion quantum economy by 2035, with Bengaluru as a global hub. The state is investing heavily in research infrastructure and talent, including a Quantum Research Park at IISc. Plans for a dedicated 'Q-City' are underway to foster innovation from lab to market, inviting global collaboration.
Uttar Pradesh is accelerating its goal to become a $1 trillion economy by unlocking land for investors and building world-class infrastructure. A high-level workshop addressed fast-tracking land allotment and resolving acquisition hurdles. Officials reviewed investment leads worth over Rs 1.68 lakh crore and are working to operationalize vacant industrial plots, aiming to boost investor confidence and create jobs.
The housing and urban affairs ministry has launched a unified portal to create a nationwide database of real estate projects, aiming to empower homebuyers with comprehensive information. During a RERA Central Advisory Council meeting, concerns were raised about Maharashtra's proposed separate law for redevelopment projects, fearing it would undermine RERA's uniformity.
Union Agriculture Minister Shivraj Chouhan refuted Donald Trump's dead economy remark, citing India's 7.8% GDP growth in April-June. BJP leaders criticized Rahul Gandhi for supporting Trump's statement, highlighting the strong economic figures as evidence of India's progress under Prime Minister Modi's leadership towards becoming a developed and self-reliant nation.

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