India is now a global leader in childhood vaccinations, with a zero-dose rate that halved in a year.

The number of children in India who have not received any vaccinations, or zero-dose children, has decreased from 0.11% in 2023 to 0.06% in 2024, marking a major milestone in the country's immunization campaign. India is now a global leader in child health and immunization after the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME) recognized the accomplishment in its 2024 report.

According to a statement released on Saturday by the Ministry of Health and Family Welfare, the advancement was made possible by India's extensive Universal Immunization Programme (UIP), which gives free immunizations to 2.6 crore newborns and 2.9 crore pregnant women each year. ASHAs and ANMs are among the healthcare professionals who conduct over 1.3 crore immunization sessions nationwide, guaranteeing extensive vaccine outreach.

India received the coveted *Measles and Rubella Champion Award* from The Measles and Rubella Partnership in March 2024 at a ceremony in Washington, D.C., demonstrating how this success has garnered international attention. India's unwavering dedication to eradicating diseases that can be prevented by vaccination is acknowledged with this award.

India has witnessed notable advancements in general health outcomes in addition to decreases in the prevalence of zero-dose. India's maternal mortality ratio (MMR) decreased to 80 per lakh live births in 2023, according to the United Nations Maternal Mortality Estimation Inter-Agency Group (UN-MMEIG). This is an 86% decrease since 1990, far exceeding the 48% global fall. During the 1990–2023 period, the nation also achieved a 78% decrease in the Under-Five Mortality Rate and a 70% decrease in the Neonatal Mortality Rate, compared to global reductions of 61% and 54%, respectively.

The UIP in India has grown significantly over the last ten years. In 2013, the program included only six vaccines; today, it includes 12 vaccine-preventable diseases, with the addition of the Measles-Rubella Vaccine, Rotavirus Vaccine, Pneumococcal Conjugate Vaccine, and Inactivated Poliovirus Vaccine (IPV).

The government's stepped-up efforts, such *Mission Indradhanush*, have been crucial in reaching marginalized communities. Over 5.46 crore children and 1.32 crore pregnant women who were previously unreachable or under-immunized have been vaccinated since the campaign's inception in 2014, with a notable increase in intensity in 2017.

A focused *Zero Dose Implementation Plan 2024* is presently being implemented in 143 districts in 11 states to close the gaps in vaccine coverage among urban slums, migrant populations, and areas where vaccine reluctance is chronic. Through consistent Pulse Polio campaigns and frequent Village Health and Nutrition Days (VHNDs) for community-based immunization campaigns, India has also been polio-free since 2014.

The *U-WIN platform* is one example of a digital innovation being used to track vaccination data and stop dropouts. Strategies for public involvement, such as street plays and social media outreach, are being employed to raise awareness and lessen vaccine reluctance.

India is beating the world average for all antigens, according to data from the WHO-UNICEF Estimates of National Immunization Coverage (WUENIC) 2023 study. The nation has 93% DTP-1 (Pentavalent-1) coverage, which is far greater than Nigeria's 70% coverage. From 7% in 2013 to just 2% in 2023, the dropout rate between DTP-1 and DTP-3 has also drastically declined. During that time, the percentage of people who had the measles vaccine increased from 83% to 93%.

The administration stressed that India's enormous demographic base must be taken into account when comparing it to other nations. Despite a far bigger birth cohort, India's 0.06% rate shows significant progress, while nations like Yemen (1.68%), Sudan (1.45%), and Nigeria (0.98%) still record high percentages of zero-dose children.

India's FY26 growth prediction is raised by Standard & Poor's (S&P) to 6.5% due to strong domestic demand.

India's GDP growth prediction for FY26 has been raised by 0.2% to 6.5% by Standard & Poor's (S&P) Global Ratings, which bases this revision on the probability of a decent monsoon, declining crude oil prices, income-tax breaks, and anticipated monetary policy easing. India's economic momentum would be mostly driven by robust domestic demand, despite global headwinds including trade protectionism and geopolitical threats, according to S&P's Economic Outlook Asia-Pacific Q3 report, which was published on June 25, 2025. Further interest rate reduction by central banks throughout the Asia-Pacific region are made possible by the report's observation that inflation poses no serious threat to the region.

Global concerns could negatively impact India's export performance, but S&P said domestic spending will buffer GDP growth. Due to growing global trade uncertainties and possible spillovers from US protectionist actions, the agency had previously lowered India's FY26 GDP prediction to 6.3% in May 2025. The most recent update, however, shows a more positive domestic outlook. S&P reaffirmed that India is expected to become the third-largest economy in the world by FY30–35 and continues to benefit greatly from global supply chain realignments. The World Bank and the International Monetary Fund (IMF) have maintained their estimates of India's FY26 GDP at 6.3% and 6.2%, respectively, citing trade and geopolitical uncertainties, such as the ongoing Middle East conflict, which could put pressure on global oil prices. Other global forecasts are still more cautious.

PM Modi launches off the Marhowra Plant's first export locomotive and launches important development projects in Bihar.

A number of development projects in Bihar were laid the groundwork and officially opened by Prime Minister Narendra Modi on Friday. These initiatives prioritized affordable housing, electricity infrastructure, sanitation, and train connectivity.

A modern export locomotive constructed at the Marhowra Plant was flagged off as the centerpiece of the prime minister's tour to the Saran district. The locomotive will be shipped to the Republic of Guinea, the plant's first overseas shipment, and is being produced as part of the "Make in India – Make for the World" initiative.

These cutting-edge locomotives, which highlight India's expanding rail manufacturing capabilities, have high horsepower engines, AC propulsion systems, microprocessor-based control systems, ergonomically designed cabins, and regenerative braking technologies.

In a move to improve regional connectivity, PM Modi also officially opened the Vande Bharat Express, which would greatly increase rail access in North Bihar and run between Patliputra and Gorakhpur via Muzaffarpur and Bettiah.

Furthermore, he launched a new train service along the Vaishali–Deoria railway line, which is worth over ₹400 crore, to improve connectivity throughout the area.

The Prime Minister officially opened six Sewage Treatment Plants (STPs) under the Namami Gange scheme, which totaled more over ₹1,800 crore in investment. The purpose of these plants is to improve water quality and sanitation in cities along the Ganga River.

In addition, PM Modi lay the groundwork for a number of sanitation and water supply projects totaling over ₹3,000 crore, which will guarantee access to safe and clean drinking water in several communities throughout Bihar.

The Prime Minister started a 500 MWh Battery Energy Storage System (BESS) project as a significant step toward updating the state's energy infrastructure. These stand-alone units will be placed at 15 grid substations in places like Siwan, Bettiah, Motihari, and Muzaffarpur. It is anticipated that the BESS facilities, which have storage capacities ranging from 20 to 80 MWh, will assist power distribution firms in more effectively meeting peak demand and lowering procurement costs, both of which will eventually benefit customers.

More than 53,600 beneficiaries in Bihar received the first installment of the Pradhan Mantri Awas Yojana-U (PMAY-U) from PM Modi in the housing sector. In a Grih Pravesh ceremony, he also gave keys to a few chosen recipients, capping the completion of more than 6,600 new homes constructed under the scheme.

PM Modi is set to address at the G7 meeting as India's economy continues to grow.

New Delhi, June 17  In light of India's position as the world's fastest-growing economy and the only nation to achieve GDP growth of more than 6%, Prime Minister Narendra Modi will speak at the G7 advanced nations' outreach session the following Tuesday.

India has surpassed the other G7 nations in terms of economic growth, with a 6.2% GDP growth predicted for 2025, according to IMF data. The US is predicted to post a 1.8% growth rate, followed by Canada at 1.4% and the UK at 1.1%. Japan and France follow, both of which are expected to record 0.6 percent GDP growth. With a GDP increase of 0.4%, Italy is sixth among the G7 nations, while Germany is in last place with an economic growth of 0% predicted due to the global slowdown.

India's industrial growth rate of 5.9 percent for 2024 is also significantly higher than that of the other G7 nations, with Canada reporting a 1.2% increase in industrial production, followed by the US (0.9%), the UK (0.7%), France (0.5%), Italy (0.3%), Japan (0.2%), and Germany (-) 0.1% in industrial production.

In a similar way, Italy has the highest purchasing managers index number among the G7 (54.1), while India leads the group in the services sector with a score of 60.1.

France trails with a services PMI index of 50.1, followed by the UK (52.9), Germany (52.9), the US (51.4), Canada (51.1), and France (53.1). The crucial point on the PMI index that distinguishes expansion from contraction is 50.

Despite not being a permanent member of the G7 bloc, India has received multiple invitations to join the summit due to its increasing geopolitical and economic significance.

Prime Minister Modi arrived in Canada on Tuesday following his trip to Cyprus. He will meet with host Canadian Prime Minister Mark Carney and other G7 leaders in bilateral sessions. He is scheduled to leave on Tuesday night for a trip to Croatia.

A World Bank report states that during the course of 11 years, nearly 27 crore people in India were lifted out of extreme poverty.

269 million people left extreme poverty in India between 2011–12 and 2022–23, indicating the country's impressive development in this area. In 2022–2023 the severe poverty rate decreased from 27.1 percent in 2011–12 to just 5.3 percent, according to the most recent World Bank data.

Approximately 344.47 million Indians lived in extreme poverty in 2011–12. That figure dropped sharply to 75.24 million by 2022–2023. 

States like Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh, which collectively accounted for 65% of India's extreme poor in 2011–12, made significant contributions to this advancement. Over the last ten years, these states have helped reduce poverty by two-thirds.

India's poverty rate dropped from 16.2 percent in 2011 to just 2.3 percent in 2022 using the previous 2.15 dollar per day poverty limit, which was based on 2017 pricing. As a result, there are now 33.66 million people living in extreme poverty, down from 205.93 million. Living on less than $3.00 USD per day, adjusted for 2021 prices, is considered extreme poverty according to the World Bank.

Both rural and urban areas have seen a general decrease in poverty. Over the course of the 11-year period, urban poverty dropped from 10.7 percent to just 1.1 percent, while rural poverty dropped from 18.4 percent to 2.8 percent.

India has also made significant progress in lowering multidimensional poverty, which takes into account elements like standard of life, education, and health. From 53.8 percent in 2005–06 to 16.4 percent in 2019–21 and then to 15.5 percent in 2022–23, the Multidimensional Poverty Index fell.

Prime Minister Narendra Modi emphasized important programs like PM Awas Yojana, PM Ujjwala Yojana, Jan Dhan Yojana, and Ayushman Bharat that contributed to the drop in the poverty rate as the BJP-led NDA government celebrates 11 years in power. These programs have increased access to banking, healthcare, clean cooking fuel, and housing. More than 250 million people have been able to escape poverty thanks to the effective and transparent delivery of support made possible by Direct Benefit Transfers, digital inclusion, and better rural infrastructure.

The center approved ₹6,405 crore railway doubling projects to improve connectivity in seven districts.

On Wednesday, two railway multitracking projects totaling 318 kilometers in length were approved by the Union Cabinet Committee on Economic Affairs. It is anticipated that these initiatives, which span seven districts in Jharkhand, Karnataka, and Andhra Pradesh, will boost freight flow along crucial train lines, decrease traffic, and improve connectivity. It is projected that the initiatives will cost ₹6,405 crore in total.

The Koderma–Barkakana line, which runs 133 kilometers through a crucial coal-producing area of Jharkhand, will be doubled as part of the first project. Additionally, this route is an essential rail connection between Ranchi and Patna. The second project will quadruple the 185-kilometer distance between Ballari and Chikjajur, which will go through the districts of Anantapur in Andhra Pradesh and Ballari and Chitradurga in Karnataka. Bulk commodities like coal, iron ore, finished steel, cement, fertilizers, petroleum products, and agricultural products are all transported over these routes, which are important.

The Ministry of Railways says that the projects are intended to improve operating efficiency and dependability by doubling current single-line sections in order to alleviate capacity limitations. Increased passenger and freight traffic will also be supported by the new infrastructure, especially for vital commodities like coal, cement, fertilizers, petroleum products, and agricultural supplies.

It is anticipated that during development, the projects will directly employ almost 108 lakh people. The additional freight capacity, projected at 49 million tonnes annually, will assist lower logistical costs and oil imports by almost 52 crore litres, according to the Railway Ministry's economic and environmental effect projections. Additionally, it is anticipated that the initiatives will reduce carbon dioxide emissions by an estimated 264 crore kg, or the equivalent of growing 11 crore trees.

The two lines would improve access to over 1,408 villages, which together have a population of about 28.19 lakh. The projects are in line with the PM-Gati Shakti National Master Plan, which aims to promote integrated and seamless multi-modal connectivity, the Railway Ministry said.

The highest rail arch bridge in the world, the Chenab Bridge, is inaugurated by PM Modi in J&K.

The world's highest railway arch bridge, the Chenab Bridge, was inaugurated by Prime Minister Narendra Modi on Friday while he was in Jammu and Kashmir to kickstart a number of important infrastructure projects totaling ₹46,000 crore.

The 1,315-meter-long steel arch bridge, which rises 359 meters above the Chenab River, is designed to endure strong winds and seismic activity. It will cut down on the two to three-hour travel time between Jammu and Srinagar.

The Anji Bridge, India's first cable-stayed railway bridge built in one of the region's most difficult terrains, was also officially opened by PM Modi. 

Jammu and Kashmir Lieutenant Governor Manoj Sinha, Union Minister of State Jitendra Singh, Union Railways Minister Ashwini Vaishnaw, and Chief Minister Omar Abdullah attended the ceremony.

PM Modi examined the Chenab railway arch bridge and the project on-site before to the inauguration.  Additionally, he engaged with the Udhampur-Srinagar-Baramulla Rail Link (USBRL) construction workers, recognizing their contributions to the ambitious infrastructure project.

 PM Modi also inaugurated the Vande Bharat Express trains between Srinagar and Shri Mata Vaishno Devi Katra as part of his visit to J&K, enhancing connectivity for locals, visitors, and pilgrims.

The dedication of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) to the country is one of the visit's main highlights.  The project, which was constructed at an approximate cost of ₹43,780 crore and spans 272 km, consists of 943 bridges and 36 tunnels totaling 119 km, guaranteeing all-weather rail service to the Kashmir Valley.

 With an emphasis on increasing accessibility, fostering tourism, and creating jobs, these projects seek to greatly increase road and rail connectivity throughout the Union Territory.

PM Modi replied to Omar Abdullah, the head of the J&K National Conference, in a post on X on Thursday, stating: “In addition to being an extraordinary feat of architecture, the Chenab Rail Bridge will improve connectivity between Jammu and Srinagar. The Anji Bridge stands tall as India’s first cable-stayed rail bridge in a terrain that is challenging.”

He added: “The Udhampur-Srinagar-Baramulla Rail Link (USBRL) project ensures all weather connectivity and the Vande Bharat trains from Shri Mata Vaishno Devi Katra to Srinagar will boost spiritual tourism and create livelihood opportunities.”

 

PM Modi will also lay the groundwork and open a number of road infrastructure projects to enhance connectivity in the border and last mile in addition to the rail initiatives.  These include the Shopian bypass on NH-444 and the enlargement of the Rafiabad-Kupwara stretch on NH-701, both of which are projects valued at more over ₹1,952 crore.

 Two new flyovers will be inaugurated by the prime minister in Srinagar to relieve urban congestion: one at Bemina Junction on NH-44 and one at Sangrama Junction on NH-1.

The Shri Mata Vaishno Devi Institute of Medical Excellence in Katra will also have its foundation stone laid by PM Modi.  The ₹350 crore facility, which will be the first medical college in the Reasi district, would improve the area's medical services and infrastructure.

NPCI reports that UPI transactions have increased to 18.68 billion, up from 14.03 billion last year.

The value of UPI transactions increased by 5% last month, from Rs 23.95 lakh crore in April to Rs 25.14 lakh crore. This is an increase of 23% from Rs 20.45 lakh crore in May of the previous year. 602 million transactions were made on average each day, with an average daily transaction value of Rs 81,106 crore.

Following a strong recovery in April, the Unified Payments Interface (UPI) processed 18.68 billion transactions in May, up from 17.89 billion in April. UPI transactions have increased by 33% year over year (YoY) from 14.03 billion transactions in the same month previous year, according to data from the National Payments Corporation of India (NPCI).

Last month, UPI transactions reached Rs 25.14 lakh crore (by value), up 5% from Rs 23.95 lakh crore in April. From Rs 20.45 lakh crore in May of previous year, this is a 23% increase. The average daily transaction value was Rs 81,106 crore, and the average daily transaction volume was 602 million.

The UPI's share of the total transaction volume increased from 79.7% in the previous fiscal year to 83.7% in 2024–2025, strengthening its dominance as the dominant digital payments system in India. 

UPI facilitated 185.8 billion transactions in 2024–2025—a 41 percent rise from the previous year, according to the RBI’s annual report. Value-wise, UPI transactions increased from Rs 200 lakh crore in FY24 to Rs 261 lakh crore. ."The success of UPI placed India in a leadership position with a share of 48.5 per cent in global real-time payments by volume,” the RBI said.

The total amount of digital payments made in the country, including those made through card networks, payment systems, and prepaid payment instruments (PPIs), increased by 35% from 164.4 billion in FY24 to 221.9 billion in FY25.

The total value of digital payments increased 17.97% to Rs 2,862 lakh crore. Additionally, the RBI stated that it is still dedicated to expanding UPI to 20 nations by 2028–2029.

 Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the United Arab Emirates have already made it possible for Indian tourists, students, and business travelers to use their domestic UPI apps to make merchant payments through QR codes.

India is now the world leader in locomotive manufacture, surpassing both the US and Europe.

According to a statement released by the ministry of railways, India has become a global leader in the construction of railway locomotives, as it manufactured a record 1,681 locomotives in the fiscal year 2024–2025.

The statement went on to say that this milestone confirms India's increasing supremacy in the global railway industry by surpassing the combined locomotive production of regions including the US, Europe, South America, Africa, and Australia.

The milestone was reached by Indian Railways' locomotive manufacturing units, which produced 1,681 locomotives across multiple categories in 2024–2025. This represents a 19% increase of 209 locomotives above the 1,472 manufactured in 2023–2024.

This record-breaking production is the country's highest for locomotive manufacturing, and it reflects the significant achievements of all units in improving railway capacity and infrastructure.

The "Make in India" initiative has been strengthened by strategic initiatives, which have led to the ongoing increase in locomotive manufacture, the statement stated.

India produced 4,695 locomotives in total between 2004 and 2014, with an average of 470 each year nationwide.  According to the statement, locomotive manufacture had a notable uptick from 2014 to 2024, producing 9,168 units, increasing the yearly average to about 917.

Patiala Locomotive Works provided 304 locomotives, Madhepura and Marhowrah units produced 100 locomotives each, Banaras Locomotive Works produced 477, and Chittaranjan Locomotive Works produced 700 of the total locomotives built in 2024–25.

Locomotive production in the nation was mostly focused on freight trains. 100 WAG-12B locomotives, 100 WDG 4G/6G locomotives, 2 WAP-5 locomotives, 272 WAP-7 locomotives, 5 NRC locomotives, 148 WAG-9 Twin locomotives, 1047 WAG-9/9H locomotives, and 7 WAG-9HH locomotives were therefore included.

PM Modi launches "Viksit Krishi Sankalp Abhiyan" to promote agricultural modernisation

The "Viksit Krishi Sankalp Abhiyan," which would organize unique conversation camps between farmers and scientists at 50 locations throughout the nation's capital, was introduced here on Thursday.  The event's chief guest was Delhi Agriculture and Development Minister Kapil Mishra.

According to a release, this scheme is a component of a larger Central Government project that aims to foster direct communication with farmers and agricultural experts in order to promote the adoption of new farming innovations and technology. Delhi's rural areas, where farmers' concerns have long been disregarded, will benefit most from this campaign, according to Mishra.

“Even I was unaware that Delhi had an Agriculture department, but now the times have changed. Our Government is determined to give Delhi’s rural areas their rightful identity. There are farmers in Delhi, there is agriculture and now an empowered Agriculture Ministry is working actively,” He went on to say.  According to Mishra, this initiative will involve the direct contact of scientists and farmers through the organization of special conversation camps at 50 venues throughout Delhi.

The scientists are going to document farmers' inventions and experiences in addition to exchanging knowledge about modern farming methods. According to the statement, farmers would gain from this and their efforts will be taken into account in future agricultural plans. Those engaged in the illegal marketing of fertilizers received a severe warning from Mishra.

“Stop the black marketing of fertilisers immediately or the government will not hesitate to take strict legal action. Compromising farmers’ rights will not be tolerated,” he said.

Mishra said this campaign is being conducted across the country by the Central government with a target of establishing direct dialogue with 1.5 crore farmers.

Over 2,000 scientific teams from more than 700 districts will take part.  According to the announcement, scientists will use this project to educate farmers to new technology and get their feedback for future policy-making.

India will become the data capital of the world within the next five years: Jyotiraditya Scindia

New Delhi:  Telecom Minister Jyotiraditya Scindia declared Thursday that India will become the world's data capital in the next five years.

Scindia said during the CII Annual Business Summit 2025 that the world views India as a digital-first economy. In this digital-first economy, the telecom revolution is at the forefront.

The minister said India currently has 1.2 billion telecom subscribers, making it the second largest mobile market, up from 800 million ten years ago. "There are now 940 million broadband users," he said.

Recalling the days when charges were as high as Rs 16 per minute, Scindia said that phone pricing and connectivity expenses had also dramatically decreased. When we talk about data, it used to cost Rs 287 for 1 GB 11 years ago. 1 GB of data costs Rs 9 today. According to the minister, the cost of communication has decreased by 97%.

India records $81.04 billion FDI inflow in FY 2024–25

The Ministry of Commerce & Industry announced on Tuesday that India's fiscal year 2024–2025 saw a record USD 81.04 billion in foreign direct investment (FDI), up 14% from the year before due to a liberalized regulatory regime and significant inflows into the manufacturing and services sectors.

In FY 2024–2025, the services sector received 19% of all FDI equity inflows, making it the largest receiver. Trading came in second with 8% and computer software and hardware with 16%. Foreign direct investment (FDI) into the services sector increased by 40.77% to USD 9.35 billion from USD 6.64 billion the year before.

Manufacturing foreign direct investment (FDI) is also growing in India, rising by 18% in FY 2024–2025 to USD 19.04 billion from USD 16.12 billion in FY 2023–2024.

The largest percentage of all FDI equity inflows in FY 2024–2025 (39%) went to Maharashtra, which was followed by Karnataka (13%) and Delhi (12%). With a 30% stake, Singapore was the largest source nation, followed by the US (11%), Mauritius (17%), and others.

India has received FDI totaling USD 748.78 billion over the last eleven fiscal years (2014–25), a 143% increase over the preceding eleven years (2003–14), when inflows were USD 308.38 billion. This amounts to about 70% of the USD 1,072.36 billion in foreign direct investment that has been received during the last 25 years.

Additionally, from 89 in FY 2013–14 to 112 in FY 2024–25, the number of FDI source countries rose, highlighting India's rising popularity as a worldwide investment destination.

The government has liberalized FDI norms by implementing revolutionary reforms in a number of regulatory areas. The defense, insurance, and pension sectors saw higher FDI caps between 2014 and 2019, whereas the construction, civil aviation, and single-brand retail trading sectors saw liberalized regulations.

Notable measures between 2019 and 2024 included permitting 100% FDI in coal mining, contract manufacturing, and insurance intermediaries under the automated route. The Union Budget of 2025 suggested raising the FDI cap for businesses that invest their whole premium in India from 74% to 100%.

India Becomes World’s 4th Largest Economy, Surpasses Japan

India's economy is now the fourth largest in the world, surpassing that of Japan. In the next two to three years, India is expected to overtake Germany as the third-ranked country, according to B.V.R. Subrahmanyam, CEO of NITI Aayog. According to IMF estimates, India's GDP is now worth "four trillion dollars," he told the media yesterday during the tenth NITI Aayog Governing Council Meeting in New Delhi. According to him, the only economies bigger than India's are those of the US, China, and Germany.

India will continue to be the major economy with the fastest rate of growth in the world, according to a recent IMF evaluation. India is still the major economy with the fastest rate of growth in the world, and it is the only nation predicted to grow by more than 6% over the next two years, according to the IMF's World Economic Outlook report earlier this month. The IMF estimates that India's GDP is currently at 4.3 trillion dollars. Since 2015, India's economy has more than doubled, with a GDP of 2.1 trillion dollars. As per the estimate, India's GDP is expected to reach 5.5 trillion dollars in 2028, surpassing Germany to become the third-largest economy due to its rapid development rate.

Germany is projected by the IMF to have a zero growth rate in 2025 and a 0.9% growth rate in 2026 because it is anticipated to be the most severely affected of the European nations by the ongoing global trade war. China, the second-largest economy in the world, has a GDP of about 19.2 trillion dollars, whereas the United States, the largest economy in the world, has projected a GDP of 30.5 trillion dollars by 2025.

Prime Minister Modi inaugurates 103 Amrit Bharat stations in 18 states.

Prime Minister Narendra Modi virtually inaugurated 103 Amrit Bharat stations from Rajasthan in 18 states on Thursday. The PM also committed 43 projects totaling Rs 23,400 crore to the country.

The prime minister also inaugurated a new express train that will connect Bikaner and Mumbai, as well as projects totaling Rs 26,000 crore in Rajasthan.

Railway Minister Ashwini Vaishnaw, Law Minister Arjun Ram Meghwal, and Chief Minister Bhajan Lal Sharma were present at the event.

A long-term project to gradually improve railway stations throughout India is the Amrit Bharat Station Scheme. Under this program, customized plans are made for every station, and development is done in phases according to the demands of each station.

The modernization of station structures, the integration of the city's two sides through the station, and enhanced connectivity with other forms of transportation like buses and metro services are all priorities of the Amrit Bharat Station Project. The accessibility of stations for people with disabilities is given particular consideration. The project also includes noise-cancelling tracks, eco-friendly projects, and thorough planning to improve the environment as a whole. Converting train stations into urban hubs with a range of uses beyond transportation is the ultimate objective.

Indian Railways is making a concerted effort to update its infrastructure and improve the journey for millions of passengers with this project. Modern facilities including beautifully designed facades, refurbished platforms, roof plazas, landscaped areas, kiosks, food courts, and kid-friendly play places are all part of this. Approach roads are being widened, obstructions are being removed, clear signage is being put in place, pedestrian routes are being created, parking spaces are being expanded, and lighting systems are being improved in order to guarantee smooth access.

The local architecture, culture, and legacy will all be incorporated into the stations built under this project. For instance, the Modhera Sun Temple serves as the inspiration for the Ahmedabad station, and the Dwararkadheesh Temple serves as the inspiration for the Dwarka station.

Gandhinagar became the first station to be upgraded under this project in 2021, equipped with a five-star hotel and modern amenities.

The complete list of Amrit Stations opened today is as follows:

Andhra Pradesh

Sullurupeta

Assam

Haibargaon

Bihar

Pirpainti, Thawe

Chhattisgarh

Dongargarh, Bhanupratappur, Bhilai, Urkura, Ambikapur

Gujarat

Samakhiali, Morbi, Hapa, Jam Wanthali, Kanalus Junction, Okha, Mithapur Rajula Junction, Sihor Junction, Palitana, Mahuva, Jam Jodhpur, Limbdi, Derol, Karamsad, Utran, Kosamba Junction, Dakor

Haryana

Mandi Dabwali

Himachal Pradesh

Baijnath Paprola

Jharkhand

Sankarpur, Rajmahal, Govindpur Road

Karnataka

Munirabad, Bagalkot, Gadag, Gokak Road, Dharwad

Kerala 

Vadakara, Chirayinkeezh

Madhya Pradesh

Shajapur, Narmadapuram, Katni South, Shridham, Seoni, Orchha

Maharashtra

Parel, Chinchpokli, Vadala Road, Matunga, Shahad, Lonand, Kedgaon, Lasalgaon, Murtizapur Junction, Devlali, Dhule, Savda, Chanda Fort, NSCB Itawri Junction, Amgaon

Puducherry 

Mahe

Rajasthan

Fatehpur Shekhawati, Rajgarh, Govind Garh, Deshnoke, Gogameri, Mandawar Mahuwa Road, Bundi, Mandal Garh

Tamil Nadu

Samalpatti, Tiruvannamalai, Chidambaram, Vriddhachalam Junction, Mannargudi, Polur, Srirangam, Kulitturai, St Thomas Mount

Telangana 

Begumpet, Karimnagar, Warangal

Uttar Pradesh

Bijnor, Saharanpur Junction, Idgah Agra Junction, Goverdhan, Fatehabad, Karchana, Govindpuri, Pokhrayan, Izzatnagar, Bareilly City, Hathras City, Ujhani, Siddharth Nagar, Swaminarayan Chappia, Mailani Junction, Gola Gokarannath, Ramghat Halt, Suraimanpur, Balrampur

West Bengal

Panagarh, Kalyani Ghoshpara, Joychandi Pahar

Indian pharmaceuticals is the third largest in the world, with a $50 billion FY 2023–2024 valuation: Center

Union Minister of State for Chemicals and Fertilizers Anupriya Patel says that India's pharmaceutical sector, which ranks third in the world by volume, was worth $50 billion in the fiscal year 2023–2024.

In a written reply to the Rajya Sabha, Patel stated that the value of the domestic pharmaceutical market was $23.5 billion, of which $26.5 billion came from exports in the fiscal year 2023–2024.

The Indian pharmaceutical sector is the 14th largest in the world in terms of production value. With a wide range of products, it offers vaccines, biosimilars, biologics, generic and bulk meds, and over-the-counter medications.

The Ministry of Statistics and Program Implementation released the National Accounts Statistics 2024, which shows that the pharmaceutical, medicinal, and botanical products sector produced ₹4,56,246 crores at constant prices in FY 2022–2023 with ₹1,75,583 crores in value addition. 9,25,811 people were employed in the sector during that time, noted Patel.

The minister further emphasized that seven National Institutes of Pharmaceutical Education and Research (NIPERs) have been created by the Department of Pharmaceuticals as institutions of national significance. These universities carry out cutting-edge research in a range of pharmaceutical specialties and provide postgraduate and doctoral programs.

The department has also developed a national policy to promote innovation, research, and development in the medical device and pharmaceutical industries.

The policy seeks to establish a strong innovation ecosystem, fostering an entrepreneurial atmosphere that will allow India to lead the world in drug discovery and the creation of cutting-edge medical technologies.

India's Smartphone Exports Rise, Overtaking Diamonds and Petroleum Products in FY25

India's top exports over the last three years have been smartphones, which have nearly fivefold increased to the US and around fourfold increased to Japan, surpassing more established players like diamonds and petroleum products, according to government data.

Exports of smartphones increased from $15.57 billion in 2023–2024 and $10.96 billion in 2022–2023 by 55% to $24.14 billion in 2024–2025.

The US, the Netherlands, Italy, Japan, and the Czech Republic were the top five countries in which India's smartphone shipments increased the most over the last fiscal year. From $2.16 billion in 2022–2023 to $5.57 billion in 2023–2024 and $10.6 billion in 2024–2025, India’s exports to the US alone increased.

Japan has also seen a notable increase in exports, with shipments rising from $120 million in 2022–2023 to $520 million in FY25.

"This rapid ascent has propelled smartphones to become one of India's top exported goods, overtaking traditional leaders like petroleum products and diamonds for the first time," an official for the commerce ministry told PTI.

The sector's exports have grown steadily over the last three years, turning the nation into a significant hub for international manufacturing and exports, the official added.

Government initiatives like the Production-Linked Incentive (PLI) scheme, which have increased investments, scaled up domestic production, and further integrated India into global value chains, are the foundation of this progress.

Based on their ongoing growth in their domestic manufacturing operations, Apple and Samsung accounted for approximately 94% of India's smartphone exports in 2024, according to the 'Make in India' Service research from market research firm Counterpoint. According to the report, a spike in exports by the two multinational behemoths drove a 6% year-over-year increase in 2024 shipments of smartphones made in India. Growth forecast for 2025: Along with rising domestic value addition, smartphone manufacturing in India is anticipated to rise by double digits in 2025.

India's defense stocks increase due to a push for domestic manufacturing amidst tensions with Pakistan.

The recent escalation of fights with Pakistan has contributed significantly to the recent surge in Indian defense industry stocks, which had already bounced back from their peak. The defense stocks basket was also supported by last week's successful demonstration of India's domestically developed systems against the enemy.

The conflict with Pakistan also hinted at the importance of achieving self-reliance in the manufacturing of defenses.

Investor confidence in the strategic significance and commercial expansion of India's domestic defense sector is reflected in the Nifty India Defence index's more than 30% increase over the last three months.

The Nifty India Defence index follows publicly traded companies that sell defense-related products and services for a sizable amount of their revenue.

Hindustan Aeronautics, Bharat Electronics, Solar Industries India, Mazagon Dock Shipbuilders, and Bharat Dynamics are the top five index constituents by weight, according to the Nifty India Defence factsheet dated April 30, 2025. 18 defense stocks are included in the index.

To promote self-reliance in defense manufacturing, the Indian government has implemented reforms and adopted a number of legislative actions in recent years to support domestic design, development, and production of defense equipment.

Defense manufacturing has reached all-time highs as a result of the government's push for the Made in India initiative. Investors in significant defense manufacturing PSUs have seen significant gains in recent years as a result of this increase in defense manufacturing.

The government introduced production incentive (PLI) programs in a number of industries as part of its Atmanirbhar and Make in India plans in an effort to lower reliance on imports, increase exports, draw in foreign investment, and make Indian manufacturers more competitive on a global scale.

A number of defense hubs are being established, and the government is also making significant investments in aerospace and defense industry. It is significant that a large number of international corporations have shared or shown a desire to share vital aerospace and defense technology with India.

India's defense exports reached a new high of Rs 23,622 crore (about USD 2.76 billion) during the 2024–2025 fiscal year. Data released by the Ministry of Defence shows that the just-concluded fiscal year saw a gain of Rs 2,539 crore, or 12.04 percent, above the 2023–24 defense export figures of Rs 21,083 crore.

The growing acceptance of Indian products in the global market and the capacity of the Indian defense sector to participate in the global supply chain are reflected in the notable 42.85% growth in exports by the Defence Public Sector Undertakings (DPSUs) in FY 2024–2025.

Defense exports in 2024–2025 were boosted by the private sector and defense PSUs by Rs 15,233 crore and Rs 8,389 crore, respectively, whereas in 2023–2024 they were Rs 15,209 crore and Rs 5,874 crore.

These figures demonstrate how India's military has changed from being heavily dependent on imports to being more independent and producing its own products. According to Ministry of Defense data, a wide range of goods, including weapons, ammunition, subsystems and systems, and parts and components, were exported to almost 80 nations in the just ended fiscal year, significantly increasing defense exports.

India-UK Free Trade Agreement: Details

 A significant free trade agreement between India and the UK has been finalized. 99% of Indian exports are guaranteed duty-free access to UK markets under the agreement. 90% of tariff lines will see import duties reduced by India, which will assist consumers by lowering the cost of a variety of commodities.

A historic multi-billion-pound free trade agreement between the UK and India was finalized on Tuesday, guaranteeing tariff reductions across 90% of the lines. By 2040, it is expected that the agreement will benefit India greatly and add 4.8 billion pounds ($6.4 billion) annually to Britain's GDP.

The Free Trade Agreement (FTA) will be formalized through legal text after Prime Ministers Narendra Modi and Keir Starmer confirmed it over the phone. The British Parliament will then need to approve it for execution.

What is a Free Trade Agreement?

A bilateral or multilateral agreement wherein the member countries agree to remove or reduce customs tariffs on the majority of traded commodities is known as a free trade agreement. In order to improve services trade and cross-border investments, these agreements help streamline procedures and lower non-tariff barriers on significant imports from partner nations.

Free trade agreements provide the member countries with a number of strategic advantages. They make it possible to enter partner country marketplaces duty-free, which increases export destination diversification and growth.

Domestic exporters benefit from a level playing field by obtaining preferential treatment over competitors who are not FTA members, particularly in light of other countries having previously put comparable accords in place.

Additionally, free trade agreements (FTAs) attract international investment, which boosts domestic manufacturing. They also make it easier to obtain capital goods, intermediate products, and necessary raw materials—all of which are necessary for the creation of value-added items. In the end, these agreements improve consumer welfare and long-term economic efficiency.

The majority of nations have signed at least one of the more than 350 trade agreements that are now in effect worldwide.

India-UK Free Trade Agreement Explained in 15 Points

Significant economic gains are anticipated for both India and the UK as a result of the free trade agreement and Double Contribution Convention accord.

Over time, the free trade agreement is expected to increase bilateral trade by £25.5 billion, increase UK GDP by £4.8 billion, and raise wages by £2.2 billion yearly. By 2030, the bilateral commerce is predicted to double from its current $60 billion to $120 billion. We examine 15 key points of the proposed free trade agreement between the UK and India:

1. 99 percent of Indian exports will have duty-free access to UK markets thanks to the trade agreement. By eliminating tariffs on around 99 percent of tariff lines, or about 100 percent of trade value, India stands to benefit greatly.

2. 90 percent of tariff lines will be modified to significantly lower Indian import tariffs.

3. 85 percent of these products will be fully tariff-free in ten years.

4. The UK's free trade agreements will also benefit India in a number of service areas, such as financial, professional, educational, and IT/ITeS services.

5. As India agrees to reduce tariffs on a number of goods, including lamb, medical equipment, whiskey, and sophisticated technology, trade obstacles will be removed, making UK exports more competitive.

6. Additionally, under a designated quota system, automobile tariffs will be drastically lowered from above 100% to 10%.

7. The import taxes on gin and whisky will be lowered from 150 percent to 75 percent at first, and then to 40 percent over the course of a decade.

8. Lower import taxes on a range of goods are part of the free trade deal, which benefits Indian consumers and businesses alike. These consist of soft beverages, chocolate, biscuits, medical equipment, salmon, cosmetics, lamb, aircraft components, and electrical machinery.

9. The three-year remission of social security contributions for Indian employees working in the UK is a noteworthy accomplishment. Indian service companies stand to gain significant cost savings as a result of the Double Contribution Convention's three-year social security contribution remission for Indian employees and their employers temporarily stationed in the UK.

10. As the UK lowers its import taxes, consumers may save money on a variety of goods, such as clothing, footwear, and food products like frozen prawns.

11. India's job situation will improve significantly as a result of the FTA.

12. Textiles, marine items, leather, footwear, sports goods and toys, gems and jewelry, engineering goods, auto parts and engines, and organic chemicals are among the industries that will have additional export opportunities as a result of the deal.

13. India receives important guarantees on the provision of digital services, including those in the fields of architecture, engineering, computers, and telecommunications.

14. Contractual service providers, business travelers, investors, intra-corporate transferees, family members of transferees with work authorization, and independent professionals like yoga instructors, musicians, and chefs can all travel more easily thanks to the agreement.

15. India intends to implement strategies to effectively tackle non-tariff barriers, guaranteeing unhindered trade in goods and services while avoiding unjustified restrictions on its export operations.

Pharma Exports from India Cross US$ 30B in FY25

India's pharmaceutical exports broke all previous records in FY25, surpassing US$ 30 billion for the first time. Demand from the US and numerous other important international markets drove this achievement. Compared to FY24, when it was valued at US$27.85 billion, the sector grew by 9.4% annually to reach US$30.47. At US$ 3.68 billion, the monthly export rate in March showed an annual gain of 30 percent.

The United States continued to be India's top importer of pharmaceuticals, acquiring US$ 8.95 billion worth of medications over the period, representing an annual rise of 14.29 percent. South Africa, France, Brazil, and the United Kingdom were other significant pharmaceutical markets. Industry insiders highlight India's growing worldwide contribution to the production of generic drugs. worldwide management consulting firm McKinsey & Company reports that India is the world's top provider of generic drugs and that its export growth rate of 9 percent annually is roughly double that of the worldwide average.

It is anticipated that the pharmaceutical industry would keep expanding in the years to come. Strong pricing tactics, creative marketplaces, and steady consumer demand are expected to drive the domestic pharmaceutical industry's 8–9% growth in FY26, according to India Ratings and Research (Ind-Ra), a reliable source of opinions for India's credit markets. The two primary drivers of growth in FY25 were price increases of 5.5% and the launch of new products, which contributed 2.7%, while sales volume stayed constant.

Pharma revenues in February 2025 increased by 7.5 percent over the previous year because of their strong product pipelines and efficient pricing tactics. Because of its strong exports and 8% compound annual growth rate, India's pharmaceutical industry continues to be a major global supplier, enhancing both the country's economy and access to healthcare worldwide.

Khadi and Village Industries Commission (KVIC) created a new record under the leadership of Prime Minister Shri Narendra Modi.

Khadi and Village Industries Commission (KVIC) created a new record under the leadership of Prime Minister Shri Narendra Modi.

For the first time in the history of independent India, the turnover of Khadi and Village Industries surpassed Rs. 1 lakh 70 thousand crore.

KVIC Chairman Shri Manoj Kumar released the provisional data for the financial year 2024-25.

In the past 11 years, production increased fourfold with a jump of 347% and sales increased fivefold with a jump of 447%.

Historical increase of 49.23% in the field of total employment generation in 11 years, KVIC is providing employment to 1.94 crore persons.

The turnover of Khadi Gramodyog Bhawan New Delhi reached a record figure of Rs. 110.01 crore for the first time.

Chairman KVIC Shri Manoj Kumar said, 'Under the leadership of Prime Minister Shri Narendra Modi and the guidance of the Ministry of MSME, the schemes and achievements of KVIC has established a strong foundation stone of 'Viksit Bharat'

Source: PIB

Electronics exports have increased six times over the past decade.

Electronic manufacturing has grown five times during the past ten years, according to Ashwini Vaishnaw, minister of electronics and information technology. According to Mr. Vaishnaw, who was speaking to media in Manesar, Gurugram, Haryana, the Make in India campaign has significantly increased the electronics manufacturing industry.

He said that over the past ten years, the export of electronics has grown six times and surpassed three lakh 25 thousand crore rupees. Electronics manufacturing now employs about 25 lakh people, Mr. Vaishnaw continued. Additionally, the Minister stated that the government just approved the electronic component manufacturing program, which will create jobs and strengthen the ecosystem of electronics production. Global trust in India's electronics production is growing as a result of improved product quality and more robust intellectual property protections, Mr. Vaishnaw stated. India's integrated approach to design, manufacturing, skilling, and trusted innovation, he said, will help the country become a leader in the global electronics industry.

The Minister reiterated India's dedication to developing a reliable electronics manufacturing sector that is based on various rare earth supply chains, design-led innovation, and the defense of intellectual property rights. The cutting-edge Surface Mount Technology SMT Line and Mechanical Innovation Park at VVDN Technologies in Manesar were also opened by the IT Minister.

India has seen a steady increase in raw silk output and a boom in exports over the past six years.

India's output of raw silk has steadily increased, from 31,906 metric tons (MT) in 2017–18 to 38,913 MT in 2023–24. During this time, exports have increased dramatically.

Mulberry silk output increased from 22,066 MT in 2017–18 to 29,892 MT in 2023–24, thanks to the expansion of mulberry plantings from 223,926 hectares in 2017–18 to 263,352 hectares in 2023–24, according to the most recent government data.

The total amount of raw silk produced in 2023–2024 was 38,913 MT, up from 31,906 MT in 2017–18. From Rs 1,649.48 crore in 2017–18 to Rs 2,027.56 crore in 2023–24, the value of silk and silk-related exports increased.

The country exported 3348 MT of silk waste in 2023–2024, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS).

The output of raw silk is projected to reach 34,042 metric tonnes over the April–January period of 2024–25, an increase of nearly 10,000 tons over the corresponding figure of 24,299 metric tonnes during the same time in 2014–2015.

India is the world's largest consumer of silk and its second-largest producer. The states of Karnataka, Andhra Pradesh, Tamil Nadu, Jammu & Kashmir, and West Bengal are the primary producers of mulberry silk in India, whereas Jharkhand, Chattisgarh, Orissa, and the northeastern states are the primary producers of non-mulberry silk.

Silkworms that solely consume mulberry leaves produce mulberry silk. It is ideal for high-end fabrics and luxury sarees because it is smooth, lustrous, and brightly glowing. Mulberries account for over 92% of the nation's entire production of raw silk.

Wild silkworms that consume leaves from trees including oak, castor, and arjun produce non-mulberry silk, also referred to as Vanya silk. This silk is robust, long-lasting, and environmentally sustainable, but it feels more organic and earthy and has less sheen.

The expansion of India's silk industry is greatly aided by government initiatives. These programs offer resources and financial assistance for a range of sericulture-related endeavors.

The government's 'Silk Samagra' project is a significant effort to boost India's sericulture sector. Through a variety of sericulture-related initiatives across the nation, it seeks to empower marginalized, impoverished, and backward families while increasing production by enhancing quality and productivity.

This initiative is being expanded with the "Silk Samagra-2," which has a budget of Rs 4,679.85 crore for the years 2021–2022–2025–2026.

Over 78,000 people have benefited from central assistance totaling Rs. 1,075.58 crore thus far. According to official records, Andhra Pradesh has received financial support for "Silk Samagra-2" components totaling Rs. 72.50 crore and Telangana has received Rs. 40.66 crore over the past three years.

DRDO tests a laser-based weapon system that within seconds eliminates drones.

India joined China, Russia, and the United States in testing a 30kW laser weapon system. The DEW trial at Kurnool was successfully led by DRDO.

India has successfully tested a 30-kilowatt laser-directed energy weapon (DEW) that can destroy and disable drone swarms, unmanned aerial vehicles, surveillance equipment, and missile threats, putting it in a select group of nations.

The trial was conducted at a specified range in Kurnool, Andhra Pradesh, by the Defence Research and Development Organization (DRDO). Joining the United States, China, and Russia in the use of high-energy laser weapons, India is now the fourth country with this capability.

The weapon, known as the Mk-II(A) DEW system, was created in cooperation with Indian academic and industrial partners and DRDO's Centre for High Energy Systems and Sciences (CHESS), Hyderabad. It effectively intercepted numerous aerial threats at once, neutralized surveillance sensors, and targeted fixed-wing drones, demonstrating operational capabilities across its whole spectrum.

DRDO sources claim that the system damages targeted aircraft platforms by directing a concentrated laser beam using a radar-guided mechanism. It's an extremely effective counter-drone measure because of its accuracy and quick target neutralization.

"The DEW system provides an affordable air defense solution by providing a 'beam kill' in lieu of conventional ammunition," stated Dr. B.K. Das, DRDO's Director General (Electronics and Communication Systems). "This advancement significantly lowers per-engagement costs and enhances sustainability during prolonged operations."

With only a few resources needed per engagement, this laser weapon is far less expensive than traditional missile defense. It is economically feasible for long-term military operations because, according to experts, a few seconds of fire is equivalent to the price of a few liters of gasoline.

The milestone's strategic significance was underscored by DRDO Chairman Dr. Samir V. Kamat, who said, "This achievement is part of a broader initiative to build future-ready technologies, including directed energy weapons like high-power microwaves and electromagnetic pulse systems."

The creation of anti-drone technologies has become strategically necessary due to the growing number of unmanned aerial platforms in the world. India's own advancements in this field improve its defense capabilities while lowering its dependency on foreign defense equipment.

As part of a longer-term technology roadmap, the new laser weapon system is currently being prepared for broader manufacturing and deployment across military installations. Additionally, research is being conducted to develop more sophisticated variants.

  

The Global City project will create 5 lakh jobs and benefit 16 lakh people

"Global City will mark a significant milestone in Haryana's development journey and will propel us significantly beyond our current investment level," Haryana Chief Minister Nayab Singh Saini stated on Friday.

Saini had a special meeting with investors today and went over the Global City idea. Around 16 lakh people are anticipated to benefit from the project, which has cost more than Rs 1 lakh crore, according to Saini. After it is finished, it would create almost five lakh job possibilities. The project, which covered 1,000 acres, featured areas set out for residential, business, hospitality, and educational purposes. By the end of the next year, the project's initial phase—which is being created in accordance with international standards—will be finished. According to him, 587 acres were being developed for Rs 940 crore in the project's initial phase.

"A 350 million-liter Mass Balancing Reservoir will be built on 18 acres to guarantee a consistent water supply for the city. It will give the Global City a backup water supply for seven days. He stated that the Global City would include a 10.7-kilometer utility tunnel with provisions for electric cable, water pipelines, fire services, lighting systems, ventilation systems, fire detection systems, earthing systems, and more.

 

The capacity of renewable energy in India achieves a record high in FY 2024–2025.

India's renewable energy sector has made great strides in the fiscal year 2024–2025, according to the Ministry of New and Renewable Energy (MNRE). According to the Ministry, the country's installed renewable energy capacity reached 220.10 GW as of March 31, 2025, after adding a record 29.52 GW of renewable energy capacity throughout the year.

This represents a significant rise over the 198.75 GW recorded at the end of the previous fiscal year. As part of Prime Minister Shri Narendra Modi's "Panchamrit" ambitions, India committed to building 500 GW of non-fossil fuel-based energy capacity by 2030, and this accomplishment shows that it is making steady progress in that direction.

The main source of the capacity increase in 2024–2025 was solar energy. In comparison to the 15.03 GW added in 2023–2024, a total of 23.83 GW of new solar capacity was installed during the year. The nation's installed solar energy capacity now stands at 105.65 GW with this development.

The installed capacity is split among several categories, with ground-mounted solar projects accounting for 81.01 GW, rooftop solar installations for 17.02 GW, hybrid project solar components for 2.87 GW, and off-grid solar systems for 4.74 GW. The broad use of solar technology in both large-scale utility projects and decentralized applications like rooftop and off-grid installations is demonstrated by this trend.

Additionally, wind energy made steady growth. More wind energy capacity was added during the fiscal year—4.15 GW—than the 3.25 GW that was added the year before. Currently, there are 50.04 GW of installed wind energy capacity. Wind energy is still a major component of India's renewable energy industry, helping the nation's green energy transition and enhancing the expansion of solar power.

The growth of renewable energy was further aided by the bioenergy industry. Off-grid and waste-to-energy projects account for 0.53 GW of the 11.58 GW of installed capacity from bioenergy sources. Additional contributions came from Small Hydro Power (SHP) projects, bringing the installed capacity to 5.10 GW. Furthermore, a small hydro capacity of 0.44 GW is presently being implemented.

These industries continue to be crucial in expanding India's renewable energy mix and guaranteeing a more balanced approach to clean energy growth, although being smaller than solar and wind. India's dedication to a sustainable energy future and its proactive efforts to accomplish its international climate targets are demonstrated by the country's impressive performance across a number of renewable energy segments in 2024–2025.

Stand-Up India Scheme marks 7 years of empowering marginalized entrepreneurs, sanctions over Rs. 61,000 crore in loans

Marking a significant milestone, the Stand-Up India Scheme has completed seven years since its launch on April 5, 2016. Initiated by the Ministry of Finance under the banner of Azadi Ka Amrit Mahotsav, the scheme was designed to empower Scheduled Castes (SC), Scheduled Tribes (ST), and women entrepreneurs by facilitating bank loans for setting up new enterprises.

Over the years, the Stand-Up India Scheme has evolved from a funding initiative into a transformative movement that has nurtured entrepreneurial dreams, generated employment, and contributed to inclusive economic growth. Since its inception, the scheme has seen a steady increase in sanctioned loan amounts—from Rs. 16,085.07 crore as of March 31, 2019, to a remarkable Rs. 61,020.41 crore by March 17, 2025. This growth underscores the expanding outreach and impact of the scheme across the nation.

Between March 2018 and March 2024, the scheme registered substantial growth in financial empowerment across its target groups. The number of SC loan accounts surged from 9,399 to 46,248, with the loan amount increasing from Rs. 1,826.21 crore to Rs. 9,747.11 crore. For ST beneficiaries, the number of accounts rose from 2,841 to 15,228, with sanctioned loans jumping from Rs. 574.65 crore to Rs. 3,244.07 crore. Women entrepreneurs witnessed the most significant growth during this period. Their accounts increased from 55,644 to 1,90,844, while the sanctioned amount grew from Rs. 12,452.37 crore to Rs. 43,984.10 crore.

Source: DD News

India Achieved a New Achievement with Defense Exports: 12% more in FY25

The government says that during the Financial Year (FY) 2024–2025, India's defense exports reached a record high of Rs 23,622 crore. A 12.04 percent increase, or Rs 2,539 crore, was recorded over that time. Defense exports totaled Rs 21,083 crore in FY 2023–2024.

The growing acceptance of Indian products in the global market and the capacity of the Indian defense sector to participate in the global supply chain are reflected in the notable 42.85% growth in exports by the Defence Public Sector Undertakings (DPSUs) in FY 2024–2025.

DPSUs and the private sector contributed Rs 8,389 crore and Rs 15,233 crore, respectively, to defense exports in FY 2024–2025, whereas the comparable amounts for FY 2023–2024 were Rs 5,874 crore and Rs 15,209 crore.

Rajnath Singh, the minister of defense, thanked everyone involved on the accomplishment. He claimed that India was making progress toward reaching the goal of raising defense exports to Rs 50,000 crore by 2029 under the direction of Prime Minister Narendra Modi.

India's military has changed from being heavily reliant on imports to being more independent and producing its own goods. In a significant increase in defense exports, a variety of goods, including weapons, ammunition, subsystems and systems, and parts and components, were shipped to almost 80 countries in the just ended fiscal year.

Requests for export authorization can be submitted and processed using a dedicated portal maintained by the Department of Defense Production. In FY 2024-25, a total of 1,762 export authorizations were granted, representing a 16.92% increase over the 1,507 that were granted the year before. In the same time frame, the overall number of exporters increased by 17.4%.

In order to support the Indian defense sector, the central government has implemented a number of policy changes in recent years. These include extending the license period, simplifying the industrial licencing process, and removing parts and components from the license regime.

In order to increase exports from the nation, additional rules were included in the most recent fiscal year, and the standard operating process for granting export authorization was significantly simplified.

Indian Railways has experienced substantial changes under the Modi administration.

Indian Railways has undergone significant transformations under the Modi government, with notable achievements in modernization, expansion, and efficiency. Here are some key developments that highlight the progress made:

Modernization Efforts

Investment in Modernization: Over ₹1.92 trillion has been invested in modernizing Indian Railways, indicating a substantial commitment to upgrading infrastructure.

Railway Electrification: A significant 97% of broad-gauge routes have been electrified, reducing dependence on imported petroleum-based energy and promoting a greener environment.

Expansion and Efficiency

Expansion of Rail Network: The Modi government has expanded the rail network by laying new tracks, with 31,000 kilometers added in the past decade, comparable to Germany's entire rail network.

Doubling of Railway Tracks: The government has focused on doubling tracks to minimize train traffic and improve operational efficiency, with ₹30,749 crore allocated for this purpose in 2023-24.

Automatic Signaling Systems: Indian Railways has implemented automatic electronic block signaling systems to enhance safety and line capacity.

Passenger Experience and Amenities

Renovation of Railway Stations: Over 300 railway stations are being modernized, with 120 stations renovated in Maharashtra alone, showcasing the government's commitment to enhancing passenger experience.

Introduction of Modern Trains: The Vande Bharat Express and Gatimaan Express have upgraded the way of life for inter-state travelers, offering improved comfort and speed.

Future Plans and Initiatives

100% Electrification: The government aims to achieve 100% electrification of rail networks, promoting a cleaner and more efficient transportation system.

Bullet Trains and Vande Metro: Plans for bullet trains connecting major cities and the introduction of Vande Metro, Vande Chair Car, and Vande Sleeper are underway, promising enhanced comfort and speed.

India surpasses Sri Lanka to become the world's second-largest tea exporter.

India became the world's second-largest exporter of tea in 2024, with 254 million kg sold, according to figures given by the Tea Board of India. India overtook Sri Lanka to grab the second position in the world's tea export rankings, but Kenya continued to hold the top spot. In 2024, Kenya exported more than 500 Mkg of tea.

In terms of tea exports, India and Sri Lanka were tied at about 231 Mkg in 2023, but India surpassed the island nation in 2024 with 24 Mkg more exports. India's export margins for 2024 were second-best only to its exports of almost 256 Mkg of tea in 2018. In 2024, India exported Rs 7,112 crore worth of tea.

Although India's exports have been between 200 and 225 Mkg for the past few years, with the exception of 2018, this remarkable increase has given the tea sector hope that it could reach the 300-Mkg milestone by 2030. An average of 1,400 Mkg of tea are produced annually in India.

The orthodox segment has accounted for the majority of exports, and its expansion has been aided by a number of recent initiatives from the federal government and state governments. According to Prabir Kumar Bhattacharjee, secretary general of the Tea Association of India, "the industry is hopeful of increasing its export basket in the years to come with the favorable export policy by the Center and support by the state governments."

The manufacturing landscape in India is changing due to PLI schemes.

The Production Linked Incentive (PLI) schemes launched by the Indian government are transforming the country's manufacturing landscape, ushering in a new era of growth and self-reliance. This initiative is a key component of the Aatmanirbhar Bharat vision, aiming to promote domestic manufacturing, reduce import dependence, and enhance export competitiveness.

Key Features of PLI Schemes

Sector-specific incentives: PLI schemes offer incentives to specific sectors, such as electronics, pharmaceuticals, textiles, and automotive, to promote domestic manufacturing.

Performance-based incentives: Incentives are provided based on the achievement of specific performance targets, such as production volume, revenue, and export growth.

Investment promotion: PLI schemes encourage investment in new plant and machinery, research and development, and skill development.

Benefits of PLI Schemes

Job creation: PLI schemes are expected to create millions of new job opportunities in the manufacturing sector.

Export growth: By promoting domestic manufacturing, PLI schemes aim to increase India's export competitiveness and reduce the country's trade deficit.

Reduced import dependence: PLI schemes aim to reduce India's dependence on imports by promoting domestic manufacturing of critical components and products.

Increased investment: PLI schemes are expected to attract significant investments in the manufacturing sector, driving economic growth and development.

Sectors Covered under PLI Schemes

Electronics: PLI scheme for electronics manufacturing aims to promote the production of electronic components, such as semiconductors, and finished goods, such as mobile phones and laptops.

Pharmaceuticals: PLI scheme for pharmaceuticals aims to promote the production of bulk drugs and formulations, reducing India's dependence on imports.

Textiles: PLI scheme for textiles aims to promote the production of high-quality textiles, such as technical textiles and sportswear.

Automotive: PLI scheme for automotive aims to promote the production of electric vehicles, hybrid vehicles, and auto components.

Impact on the Economy

The PLI schemes are expected to have a significant impact on the Indian economy, driving growth, employment, and export competitiveness. By promoting domestic manufacturing, PLI schemes aim to reduce India's trade deficit and increase the country's share in global exports.

The PLI schemes launched by the Indian government are a key initiative to promote domestic manufacturing, reduce import dependence, and enhance export competitiveness. By providing sector-specific incentives and promoting investment in the manufacturing sector, PLI schemes aim to drive economic growth, employment, and export competitiveness, aligning with the vision of Aatmanirbhar Bharat.

Cashless India: a ₹1,500 crore incentive scheme for BHIM-UPI transactions of small value

The Modi government has taken a significant step towards promoting digital payments in India, approving a ₹1,500 crore incentive to encourage low-value BHIM-UPI transactions among small merchants. This move aims to boost the country's journey towards a cashless economy.

Key Highlights of the Incentive Scheme:

Eligibility: The scheme covers UPI transactions up to ₹2,000 for small merchants.

Incentive Rate: An incentive of 0.15% per transaction value will be provided for eligible transactions.

Disbursement: 80% of the admitted claim amount will be disbursed without conditions, while the remaining 20% will be contingent upon the acquiring bank's technical decline and system uptime.

Benefits of the Scheme:

Convenience and Security: Digital payments provide convenience, security, and faster cash flow for merchants and customers.

Enhanced Access to Credit: Digital footprints enable better access to credit for small merchants.

Promoting Financial Inclusion: The scheme supports the government's vision of a less-cash economy, formalizing transactions and promoting financial inclusion.

Objectives of the Scheme:

Promoting Indigenous BHIM-UPI Platform: Achieving a target of ₹20,000 crore total transaction volume in FY 2024-25.

Supporting Payment System Participants: Building a robust and secure digital payments infrastructure.

Penetrating UPI in Rural Areas: Promoting innovative products like feature phone-based and offline payment solutions.

The payments industry has expressed concerns over the adequacy of the ₹1,500 crore incentive, suggesting it may hinder ecosystem growth. However, the government's efforts to promote digital payments are expected to have a positive impact on the country's journey towards a cashless economy.