Economic Development
5 min read
17

Bharat Mobility Global Expo 2025: Day 2 unveils exciting future mobility innovations from Hyundai, VinFast, BYD

January 18, 2025
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The second day of Bharat Mobility Global Expo 2025 kicked off with some exciting unveiling of future mobility that would change the perception of electric vehicles (EVs) in personal ownership, and public transportation. The day started with the launch of two EVs — VF 7 and VF 6 — from

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Economic Development
2 min read
14

₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants

January 18, 2025
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The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in

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Economic Development
2 min read
15

Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy

January 18, 2025
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Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing

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Economic Development
2 min read
9

Dropping degree requirements, 30 per cent of Indian employers looking to shift to skills-based hiring: WEF

January 18, 2025
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In a transformative shift, around 30 per cent of Indian employers are looking to adopt skills-based hiring practices by removing degree requirements, a significant increase compared to the global figure of 19 per cent, said World Economic Forum (WEF) in its Jobs Report 2025. The evolving landscape in India reflects

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Economic Development
4 min read
11

The double-edged sword: Accelerating agri-lending amidst slowing agri GVA

January 18, 2025
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The Economic Survey for 2023-24 revealed a concerning reality: India’s agricultural sector, which contributes 17.7 per cent to the Gross Value Added (GVA), has been stagnating due to erratic weather patterns and uneven monsoon distribution. This highlights a troubling fact—agriculture is lagging behind in growth compared to the manufacturing and

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Economic Development
4 min read
11

Global wheat prices seen under pressure on record output

January 18, 2025
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Global wheat prices will likely come under pressure in 2025 on record production but tightening supplies may offer short-term support, analysts have said. Wheat prices continue to decline on soft red winter harvest expectations. “Our revised forecast for the 2025 annual average second-month CBOT-listed wheat price has been adjusted downward

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Economic Development
2 min read
21

Centre to back auto industry’s global leadership: PM Modi at Bharat Mobility Expo

January 17, 2025
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Prime Minister Narendra Modi on Friday said that the Centre has given all the support to the automobile industry and they can expect more in the coming years as India becomes a leading automobile market in the world. Speaking at the inaugural session of the Bharat Mobility Global Expo 2025

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Economic Development
2 min read
13

India targets ₹1 lakh crore export earnings from fish, fishery products 

January 17, 2025
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India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and

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Economic Development
2 min read
14

Gem, jewellery exports dip on weak demand

January 17, 2025
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Gem and jewellery export dipped 10 per cent last month to $1.97 billion against $2.19 billion on back of geopolitical tension and global economic slowdown. In rupee terms, it plunged to ₹16,719 crore (₹18,270 crore), as per the Gems and Jewellery Export Promotion Council data. With the looming economic uncertainty,

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Economic Development
2 min read
12

Potential maritime threats near East African countries persist: Rajnath

January 17, 2025
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India’s economic prosperity is linked to maritime security and, therefore, it’s necessary to protect our territorial waters and ensure freedom of navigation, said Defence Minister Rajnath Singh. He was addressing senior Navy officers and other civilian staff on Friday during the celebration of the ‘Year of Naval Civilians’ here. In

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