India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
How have aspirations, ambitions and hopes broken down for these young men from the most advanced parts of India? asks Mihir S Sharma.
The Rural Development Ministry has been allocated Rs 1.88 lakh crore in the Union Budget for 2025-26, around 5.75 per cent more than the allocation in the previous budget.
The Supreme Court of India expressed concerns about the long-term sustainability of providing free rations to migrant workers, emphasizing the need for job creation and capacity building instead. The court's remarks came during a hearing on the ongoing issue of providing relief to migrant workers, a matter that gained prominence during the COVID-19 pandemic. The court questioned the government's reliance on freebies and stressed the importance of creating opportunities for migrant workers to become self-sufficient. The debate highlighted the challenges of balancing immediate relief with long-term economic solutions for vulnerable populations.
Labour Minister Mansukh Mandaviya urges state government 'to intervene for an early and amicable resolution for maintaining a positive manufacturing sector ecosystem'.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
The average Indian works 46.7 hours per week, surpassing even China's 46.1 hours. In some sectors, the numbers are even more staggering.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
'We don't know which bus is coming next. I know for sure whatever bus comes next, it will miss that too.'
It will be interesting to see what shifts have been recorded in the last decade-and-a-half -- from the effects of demonetisation and Covid's second wave to the drop in fertility and increase in farm workers -- but we will only know this if and when the Census is conducted, points out Aakar Patel.
'Many of these issues will be resolved within 6 months because the US economy has started unravelling.'
Telangana Minister J Krishna Rao told reporters that the chances of survival under the circumstances are "not that good."
'We want to hide it (by saying) we are too busy in our lives, we have other things to attend to, we have families.' 'But they all had families, including Jyotiba or Mahatma Gandhi, or anybody who challenged the system.'
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.
State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).
'The US has agreed to negotiate with us a mutually beneficial bilateral trade agreement, which will go for reduction of tariffs on both sides so that our trade can grow.'
The Supreme Court on Wednesday deprecated the practice of announcing freebies prior to elections, and said people were not willing to work as they were getting free ration and money.
Former Congress president Rahul Gandhi's meeting with British Labour leader Jeremy Corbyn in London triggered a row back home with the Bharatiya Janata Party asking him whether he endorsed the UK opposition leader's "anti-India" views.
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Bill Aitken came to India nearly 60 years ago. He never returned. An Indian citizen since 1972, he tells Rediff.com's Archana Masih how India changed his life forever.
Ballot papers were posted out as voting opened on Monday to decide if veteran leftist Jeremy Corbyn will remain the head of UK's Opposition Labour party, amid deep divisions within the 116-year-old organisation over the leadership challenge triggered by the 'Brexit' vote in June.
Jharkhand Chief Minister Hemant Soren has distributed portfolios among the new ministers, keeping key departments such as Home, Personnel, and several others to himself. The Congress' Radhakrishna Kishore was given Finance, Commercial Tax, Planning and Development Department, and Parliamentary Affairs departments. JMM's Deepak Biruwa was allotted the departments of Revenue, Registration and Land Reforms (non-registration), and Transport. Chamra Linda, another JMM leader, was allotted the departments of Schedule Tribes, Scheduled Castes, Backward Classes (except Minority Welfare). RJD's Sanjay Prasad Yadav was given the departments of Industries, and Labour, Planning, Training and Skill Development. The Congress' Irfan Ansari got Health, Medical Education and Family Welfare, besides Food, Public Distribution and Consumer Affairs, and Disaster Management departments. The chief minister also kept to himself the departments of Cabinet Secretariat, Personnel, Administrative Reforms and Official Language, Road Construction, Building Construction, and those departments yet to be distributed to anyone. Among the other ministers, JMM's Ramdas Soren was given the School Education and Literacy, and Registration departments. Party colleague Hafizul Hasan was allotted the departments of Water Resources, and Minority Welfare Department. Panchayati Raj, Rural Works, and Rural Development departments were given to Congress MLA Deepika Pandey Singh. The CM gave Drinking Water and Sanitation, and Excise and Prohibition departments to JMM's Yogendra Prasad. JMM legislator Sudhivya Kumar became the minister for Urban Development and Housing, Higher and Technical Education, and Tourism, Art Culture, Sports and Youth Affairs departments. Shilpi Neha Tirkey of the Congress was allotted Agriculture, Animal Husbandry and Cooperative Department. A total of 11 MLAs took oath as ministers in the Hemant Soren government in Jharkhand on Thursday.
The forest department has launched an investigation into the reported death of 18 to 19 monkeys in a village in Chhattisgarh's Bemetara district and recovered four rotten carcasses, a senior official said.
As the United Kingdom struggles with the greatest social unrest it has seen in years, rioters on Sunday set fire to and broke into hotels designed to house asylum seekers in northern England.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Sunak, 44, was facing the impossible challenge of overcoming voter anger against the incumbent Tories after 14 years in power. The 61-year-old Keir Starmer-led Labour Party, meanwhile, maintained a strong lead over the Tories throughout the six-week campaign.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
An interesting excerpt from Virender Kapoor's latest book Inspiring India: Taking India from Big to Great.
Toyota Kirloskar Motor (TKM) on Tuesday said the labour strike at its Bidadi-based manufacturing plant in Karnataka has come to an end. In November last year, the automaker had to declare a lockout at the facility following workers' union members resorting to a sit in strike at the factory premises to protest against the suspension of a worker.
The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
Nimisha Priya, an Indian nurse sentenced to death in Yemen for the alleged murder of a Yemeni national, faces imminent execution despite the payment of blood money. Despite the lack of bilateral ties between India and war-torn Yemen, family members and human rights activists are clinging to hope for a last-minute pardon. The family has raised funds through a crowdfunding campaign to cover legal fees and negotiations, and is prepared to pay any additional amount required. However, the execution order received presidential approval despite ongoing proceedings, leaving little time for intervention. Priya's family is burdened by debt and seeks urgent support from the Indian government to save her life.
Sir Keir Starmer, leader of Britain's Labour party, will be Britain's next prime minister.
Justices Arif S Doctor and Somasekhar Sundaresan held there was nothing in the MCC that would interfere with the Board's ongoing activities.
'India has the maths talent, academic institutions, and research institutions to do the next big thing.'
The NHRC has observed that the content of the news report, if true, raise a serious issue of human rights of the workers in violation of the labour laws and the guidelines issued by the Union Ministry of Labour and Employment from time to time.
Quick commerce (qcom) industry is poised to lead gig workforce hiring in 2025, propelled by a surge in demand for faster deliveries, expansion by existing players, entry of new competitors, and evolving consumer preferences in the post-pandemic era, according to industry experts. The qcom industry currently employs nearly 260,000 people - around 200,000 delivery personnel and 60,000 dark store workers, according to TeamLease Staffing.
The Punjab Police chief, Gaurav Yadav, and a senior officer from the Ministry of Home Affairs, Mayank Mishra, visited fasting farmer leader Jagjit Singh Dallewal at the Khanauri border point between Punjab and Haryana. They enquired about his health and heard his demands. Dallewal has been on a fast-unto-death since November 26 to press the Centre to accept the agitating farmers' demands, including a legal guarantee of MSP on crops. The visit came after the Supreme Court directed the Centre and Punjab government representatives to meet Dallewal and provide him medical help.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
