Business

India Champions Inclusive Digital Growth at BRICS Summit At the recent BRICS summit, India underscored its dedication to fostering inclusive digital growth among member nations, emphasizing the importance of collaboration in technology, innovation, and sustainable development. Advocating for Financial Integration Prime Minister Narendra Modi highlighted India’s push for greater financial integration within BRICS, advocating for…

Forex Windfall Powers RBI’s Historic Earnings On May 29, 2025, the Reserve Bank of India (RBI) unveiled its annual financial report, marking an extraordinary 27.5% rise in net income for the financial year 2024–25. The central bank reported a staggering income of ₹2.69 lakh crore, propelled by two primary drivers’ robust gains from foreign exchange…

RBI’s Optimistic Outlook In its annual report released on May 29, 2025, the Reserve Bank of India (RBI) projected that India would maintain its position as the fastest-growing major economy in the world during the fiscal year 2025-26. The RBI highlighted the country’s robust macroeconomic fundamentals, a resilient financial sector, and a steadfast commitment to…

A Vision for Northeast India On May 23, 2025, Prime Minister Narendra Modi inaugurated the Rising North East Investors Summit 2025 at Bharat Mandapam in New Delhi. This summit marks a pivotal moment in India’s development strategy, focusing on transforming the north-eastern states into a vibrant economic hub. Modi emphasized the region’s untapped potential, highlighting…

In the fiscal year 2024-25, the Reserve Bank of India (RBI) undertook unprecedented measures to stabilize the Indian rupee, selling a record $398.71 billion in foreign exchange reserves. This aggressive intervention was driven by a confluence of global economic uncertainties, geopolitical tensions, and domestic challenges, marking a significant chapter in India’s monetary policy history. Strategic…

India has officially assumed the chairmanship of the Asian Productivity Organisation (APO) for the 2025-26 term, marking a significant milestone in the nation’s commitment to enhancing productivity and sustainable development across the Asia-Pacific region. The handover ceremony took place during the 67th Governing Body Meeting held in Jakarta, Indonesia, where India was entrusted with leading…

A Diplomatic Response to Trade Tensions Taiwanese President Lai Ching-te has characterized the recent trade tensions with the United States as “frictions between friends,” expressing optimism about ongoing negotiations. This statement follows the imposition of a 32% tariff on Taiwanese imports by U.S. President Donald Trump, which was later reduced to 10% for a 90-day…

In a landmark move towards sustainable energy, Reliance Power has partnered with Bhutan’s Druk Holding and Investments Ltd (DHI) to develop the country’s largest solar power project. Valued at ₹2,000 crore, the initiative aims to harness 500 megawatts (MW) of solar energy, marking a significant step in Bhutan’s renewable energy journey. This collaboration underscores the…

India and the United Kingdom have recently concluded a landmark Free Trade Agreement (FTA) that is set to reshape the whisky landscape in India. The deal, hailed as a “once-in-a-generation” opportunity by industry leaders, promises to significantly reduce the import duties on Scotch whisky, making premium brands more accessible to Indian consumers and opening new…

India’s smartphone exports have experienced a remarkable surge, becoming the country’s top export item, surpassing traditional leaders like petroleum products and diamonds. This shift underscores a significant transformation in India’s export profile, highlighting the growing importance of its electronics manufacturing sector. The development marks a major milestone for the country’s ‘Make in India’ initiative, which…