India, Jan. 29 -- The Government of India has issued a release: "The PLI Scheme has encouraged major smartphone companies to re-locate their production to India. As a result, India has become a major mobile phone manufacturing hub", states the Economic Survey 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. As per the Economic Survey, in alignment with India's vision of 'Aatmanirbhar Bharat', the Production Linked Incentive (PLI) ...
India, Jan. 29 -- The Government of India has issued a release: "India's cities are not merely places of residence but function as critical economic infrastructure. Density and proximity generate agglomeration economies that raise productivity, deepen labour markets, and enable innovation. The economic role of cities is therefore central to India's growth trajectory," said the Economic Survey 2025-26 tabled in Parliament today by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sit...
India, Jan. 29 -- The Government of India has issued a release: Economic Survey 2025-26 states that India's transition from Swadeshi to strategic resilience, and ultimately to strategic indispensability, will be determined not only by how fast the economy grows, but by whether domestic capabilities become embedded in global production systems in ways that enhance reliability, learning, and external stability. It further states that strategic resilience rests on the State's ability to anticipate...
India, Jan. 29 -- The Government of India has issued a release: Indian Agriculture has demonstrated resilience, registering steady growth with major growth coming from the Allied sector states the Economic Survey 2025-26 tabled in Parliament today by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. It adds that while food grain production has increased in recent years, higher-value allied sectors, such as livestock, fisheries, and horticulture, are assuming an inc...
India, Jan. 29 -- The Government of India has issued a release: The Bharat Forecast System (BharatFS) is based on the newly implemented Triangular Cubic Octahedral (TCo) dynamical grid, which enables the model to operate at ~ 6 km horizontal resolution. It has improved representation of orography, better filtering, and better conservation properties. With the increase in horizontal resolution, BharatFS can generate distinct forecasts every 6 km. With the improved skill of BharatFS at such a hig...
India, Jan. 29 -- The Government of India has issued a release: Year BE/ RE Fund utilized against allocation (including Department Level Expenditures) Total Expenditure (Centre + State) 2019-20 10,000.66 10,000.44 10,074.28 2020-21 11,000.00 10,999.94 20,449.96 2021-22 45,011.00 40,125.64 43,551.85 2022-23 55,000.00 54,839.79 90,815.55 2023-24 70,000.00 69,992.37 1,51,518.65 2024-25 22,670.00# 22,638.44 90,009.00 2025-26 17,000.00# 31.14 13,051.32 Total 2,30,705...
India, Jan. 29 -- The Government of India has issued a release: CHAIRMAN:Hon'ble Members, Greetings to you all as we commence the 270thSession of Rajya Sabha, the Budget Session of the Parliament. It is indeed heartening to witness that India continues to be the fastest growing major economy in the world and is poised to become the third largest soon. Let us remind ourselves, at the onset of this Session, that India's growing influence and stature in the global economy makes our role as Parliam...
India, Jan. 29 -- The Government of India has issued a release: A total of 169 applications have been approved under various categories of the Production Linked Incentive scheme for Food Processing Industries (PLISFPI) implemented by Ministry of Food Processing Industries (MoFPI) across the country. A cumulative investment of about Rs. 9207 Crore has been made by the approved applicants as on date. The total incentive disbursed to eligible beneficiaries under the scheme as on date is about Rs....
India, Jan. 29 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi, said that the Beating Retreat ceremony symbolizes the conclusion of the Republic Day celebrations, and displays the strength of India's rich military heritage. "We are extremely proud of our armed forces who are dedicated to the defence of the country" Shri Modi added. The Prime Minister, Shri Narendra Modi,also shared a Sanskrit Subhashitam emphasising on wisdom and honour as a warrior marc...
India, Jan. 29 -- The Government of India has issued a release: India's Services sector has become the principal engine of economic growth, resilience, and structural transformation. Against a backdrop of global uncertainty and subdued global industrial activity, the sector has emerged as a stabilising force, contributing more than half of India's Gross Value Added (GVA) and serving as a major driver of exports and employment. India is the world's seventh-largest exporter of services, with its...