ECONOMIC DEVELOPMENT
Nurturing a tiger economy, literally
The reintroduction of a tigress in Buxa Tiger Reserve marks a significant step in conservation efforts. This initiative aims to create a sustainable ecosystem that supports the local economy and tiger population. Enhancing tourism through tea cultivation and integrating timber industries will promote economic growth. The success of this project relies on strict adherence to conservation practices within the reserve.
Manipur CM calls for hill-valley unity, says peace efforts cannot remain limited to valley
Manipur's Chief Minister, Yumnam Khemchand Singh, appeals for harmony among the state's various communities, stressing the necessity of dialogue to resolve tensions rather than resorting to agitation. He highlights the severe economic ramifications caused by ongoing ethnic conflicts since May 2023, which jeopardize development efforts. Praise is given to Prime Minister Narendra Modi's initiatives that bolster infrastructure and support women's roles, urging a united front for peace and development.
'We carry Africa in our hearts and will build partnership for generations to come': Jaishankar
India's External Affairs Minister S Jaishankar is visiting Ghana to strengthen bilateral relations and discuss strategic cooperation. He held talks with his Ghanaian counterpart regarding trade, investment, and multilateral cooperation. India plans to support Africa through technology, energy, and capacity building initiatives while enhancing their strategic autonomy. Jaishankar highlighted the importance of supply chain resilience and empowering the continent's youth.
Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude Trichet
India's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Central Bank president Jean-Claude Trichet emphasizes the importance of resilient democratic institutions. He cautions against the risks posed by global over-indebtedness and market corrections. Trichet believes AI will bring challenges and benefits in the long run but highlights the need for global regulations.
L&T gets initial nod to build main part of 1,600 MW thermal power plant in Jharkhand
Larsen & Toubro has received preliminary approval to construct a 1,600 MW thermal power plant in Jharkhand. This project is a collaboration between Damodar Valley Corporation and Coal India Ltd. L&T will handle the design and supply of critical equipment, including boilers and turbines. The plant aims to enhance power generation capacity while employing ultra-supercritical technology for efficiency.
RBI MPC Meeting 2026: West Asia conflict keeps global outlook uncertain, says Sanjay Malhotra
The Reserve Bank of India has raised the policy repo rate by 25 basis points to 5.50%. This increase is the first since February 2023 amid economic uncertainties both domestically and globally. Geopolitical developments have contributed to instability in global markets, affecting economic activity. Despite these challenges, the RBI noted that the Indian economy remains strong with broad-based momentum.
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Wrong India map at IMEC meeting draws strong objection from former bureaucrat
During an international meeting on the India-Middle East-Europe Economic Corridor, an inaccurate map caused significant objections. The presentation by the OECD included incorrect depictions of India's territorial boundaries, prompting concerns from participants. The President of the Chintan Research Foundation emphasized the importance of recognizing geopolitical sensitivities in such discussions. Discussions at the meeting aimed to improve cooperation among ports along the proposed corridor.
Bengaluru to get 9 new townships, 300-km metro line, 210-km ring road and Rapid Rail in the 10 years. Where will they come up?
Karnataka plans a major 10-year infrastructure expansion across the Bengaluru Metropolitan Region, including nine integrated industrial townships, 312 km of new Metro lines, a 210-km ring road and a proposed 270-km RRTS network. The plan also includes new housing, expanded water and sewage networks, and proposed facilities such as an AI university and AI city. The RRTS proposal would connect Bengaluru with Tumakuru, Mysuru and Kolar Gold Fields, while the new ring road would link additional hubs and connect the Peripheral Ring Road with NICE Road.
Bandhs, blockades cost Manipur Rs 25-30 crore in tax revenue daily: CM
Manipur Chief Minister Yumnam Khemchand Singh highlighted the significant daily tax revenue loss caused by bandhs and blockades. He urged the people to seek dialogue instead of protests to resolve grievances. Singh emphasized the rich historical ties between Manipur and its neighboring regions, particularly Assam. He reinforced the importance of peaceful coexistence for the state's development and prosperity.
ET Product of the Year 2026: Recognising products built in India, taking the country ahead
India is rapidly transforming into a core center for product design, engineering, and manufacturing, influencing multiple industries. The ET Make in India Product of the Year Award aims to honor products showcasing significant contributions from India, focusing on authentic local expertise and market success, rather than just assembly functions. This initiative spotlights India's commitment to innovation and enhancing value in the worldwide market.
Factories of future: Built on 25 years of reform & execution
India's industrial sector has seen significant growth under Modi's leadership, emphasising infrastructure development and reforms. The Vibrant Gujarat Summit initiated a strategic approach to enhance ease of doing business. Recent trade agreements have expanded access to global markets for Indian manufacturers.
Manipur Cabinet adopts resolution marking PM Modi’s 25 years in public service
Manipur Chief Minister Yumnam Khemchand Singh announced the Cabinet's resolution thanking Prime Minister Modi for his service. The resolution acknowledged the Prime Minister's contributions to India's growth and support for the Northeastern region. Significant initiatives under his leadership include infrastructure developments, healthcare improvements, and educational advancements in Manipur. The Prime Minister's efforts have helped lift millions out of poverty and enhance public services.
India among top 10 emerging markets in AI readiness; private AI investment triples: World Bank
In its latest report titled 'India and Artificial Intelligence: Seizing the Development Opportunity', the World Bank said private investment in AI in India more than tripled to $4.1 billion in 2025 from $1.2 billion in 2024.
India among top 10 emerging markets in AI readiness; private AI investment triples: World Bank
India ranks among the top 10 emerging markets for AI readiness, supported by its large tech workforce, expanding GCC ecosystem and digital public infrastructure, according to the World Bank. Private AI investment more than tripled to $4.1 billion in 2025, but the report said India still needs stronger infrastructure, skills, regulation and wider access to ensure AI gains are broadly shared.
Global Market: BOJ seen nearing 2% inflation target as markets eye December rate hike
The Bank of Japan may signal later this month that underlying inflation has reached its 2% target, strengthening expectations for a December rate hike. While policymakers remain cautious after recent increases, steady wages, rising prices and yen weakness could support further tightening as the BOJ gradually normalises monetary policy.
EAM Jaishankar undertakes five-day visit to Ghana, Cote d'Ivoire and Ethiopia
External Affairs Minister S Jaishankar has initiated a five-day official visit to three African nations. This visit aims to enhance bilateral partnerships between India and Ghana, Cote d'Ivoire, and Ethiopia. Meetings will focus on various sectors including trade, development cooperation, and capacity building. During his time in Ethiopia, he is scheduled to chair the Regional Heads of Mission Conference.
Ayush services sector supports 1.76 million livelihoods; women constitute 43% of the workforce
The Ayush services sector supports 1.76 million livelihoods in India and has a significant female workforce. Women's participation in organized segments, including hospitals, exceeds 50 percent in several areas. The sector has the potential to expand substantially, generating an estimated USD 216-318 billion by 2047. Ayurveda remains the largest individual system of revenue generation within the sector, contributing significantly.
India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta Das
With an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedicated to increasing domestic capabilities in crucial areas such as energy and manufacturing. Significant measures are being implemented to strengthen long-term finance and bolster involvement in global supply chains.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance of AI in economic development and its anticipated impact over the next decade. He warns of potential economic shocks due to rising debt levels and high market valuations.
India, China better positioned for Hormuz disruptions; Russian oil purchases likely to continue: Former Singapore Foreign Minister
India and China are better equipped to manage energy disruptions due to diverse sourcing and stockpiling. George Yeo emphasised India's ongoing purchase of Russian oil despite potential US pressure. He recommended India utilise open sources from China to develop its own technology capabilities. Yeo urged a pragmatic approach to India-China economic relations focusing on mutual benefits. This strategy will help India enhance its global competitiveness while fostering national interests.
India GDP forecast stays at 7%, uncertainty range remains wide: Economist Arvind Virmani
Economist Arvind Virmani has retained his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%, citing unresolved trade issues and global developments. He also backed a gradual shift towards cost-based UPI MDR after the subsidy helped establish the payments platform.
Inclusive growth at heart of India's development goal: Radhakrishnan
India's Vice President CP Radhakrishnan emphasized the necessity for inclusive growth in the country's development journey. He highlighted that both economic and social resilience are critical for future progress. The vice president noted India's impressive GDP growth and its improved sovereign rating as indicators of economic strength.
Pvt investment, strategic resource security, global openness key for growth path ahead: FM Sitharaman
India's finance minister Nirmala Sitharaman highlighted strategic priorities to build resilience amid ongoing global economic uncertainty. She emphasized the importance of optimizing supply chains and fostering private sector investment for strengthening innovation. The minister noted that India's R&D expenditure is significantly lower compared to OECD countries, necessitating increased private participation. Sitharaman discussed the shocks faced in recent years and the importance of managing economic stability.
India's resilience built over past decade, structural autonomy key to future: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Saturday said India's economic resilience has been built consciously over the past decade through fiscal prudence, infrastructure creation, banking reforms, last-mile delivery and sustained reforms, while stressing the need for greater strategic autonomy and preparedness to deal with emerging global challenges.
Adani Group committed to investment plans of over ₹6 lakh crore in Maharashtra across energy, airports and infra
Adani Group has announced plans to invest over ₹6 lakh crore in Maharashtra across multiple sectors. The investments are aimed at aiding Maharashtra's goal of becoming a $1 trillion economy by 2030. The group has committed to significant infrastructure projects, including the management of Mumbai's airports and renewable power sourcing. Additionally, the Dharavi Redevelopment Project will transform the area with modern housing and economic opportunities.
European Prize for Women Innovators 2027: Recognition, categories, key dates and application details
The 2027 European Prize for Women Innovators is inviting women entrepreneurs and innovators to apply for European recognition of their work. Jointly awarded by the European Innovation Council (EIC) and European Institute of Innovation and Technology (EIT), the prize recognises women creating economic, societal and environmental impact through innovation.
Building global infrastructure: JEY GROUP’s vision for long-term growth
Acknowledged for his pivotal role in global maritime investments, Dr. Dattatreya Nagireddy leads JEY GROUP’s mission in creating connected ecosystems to boost international trade and sustainable energy practices. His leadership is centered on logistics, shipping, and energy, aimed at branching out operations worldwide. This recognition reflects JEY GROUP's commitment to fostering long-term economic growth by adopting a holistic approach in key market industries.
Global Market: BOJ policymakers see scope for faster rate hikes as inflation pressure builds
Bank of Japan policymakers saw scope for faster interest rate hikes as persistent inflationary pressures raise concerns about price growth exceeding the central bank’s 2% target. A summary of its September meeting showed support for further tightening, although some policymakers argued against rushing and stressed the need to monitor economic developments.
The Economic Times Product of the Year Awards 2026: Recognising the tools behind better digital products
The Economic Times Product of the Year Awards 2026 honors developer tools that enhance the efficiency of engineering teams. Recognizing products that facilitate software development, testing, and deployment, the award emphasizes real value creation and wide adoption among developers. Eligible products must have launched or significantly upgraded during the eligibility period.
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