Tag: India Economy

World Food India 2025 concluded in New Delhi with investment pledges worth over ₹1 lakh crore, giving a major boost to India’s food processing sector. The three-day mega event saw participation from global giants like Nestle, PepsiCo, and Lulu Group, focusing on agri-exports, MSME integration, and sustainable technologies. With India aiming to double food exports to $100 billion by 2030, the expo emphasized organic farming, millet innovations, and cold-chain infrastructure to ensure nutritional security and rural job creation.

The Indian government has unveiled "GST 2.0," a major tax reform reducing slabs to just two—5% for essentials and 18% for standard goods—while super luxury and sin items will face a 40% tax. This move will make daily essentials, medicines, education supplies, small vehicles, and household appliances cheaper. The government says the reforms will ease household budgets, boost consumption, and provide stability to MSMEs.

India has firmly defended its continued imports of discounted Russian oil despite criticism from former RBI Governor Raghuram Rajan, who urged a halt citing Western pressure. Supporters of Prime Minister Narendra Modi argue that the policy has saved India $26 billion, stabilized fuel prices, and curbed inflation, calling Rajan’s remarks aligned with Western lobbies. The debate underscores India’s growing assertiveness in balancing economic pragmatism with geopolitical pressures.

Prime Minister Narendra Modi has extended the PM SVANidhi scheme till March 31, 2030, to empower street vendors with affordable credit, financial inclusion, and digital support. The move aims to strengthen self-reliance and ensure inclusive growth for millions of small entrepreneurs across India.

In a significant step towards regional development and healthcare enhancement, Chhattisgarh Assembly Speaker Dr. Raman Singh inaugurated and laid foundation stones for various development works worth ₹39.23 crore in Dongargarh today. He also launched a modern diagnostic center at Maa Bamleshwari Charitable Hospital, equipped with CT scan, digital X-ray, and sonography services—benefitting thousands in the surrounding region.

With India becoming the world’s fourth-largest economy, senior tax expert S.L. Joshi called it a matter of pride but also raised concerns over internal challenges such as inflation, unemployment, and job losses due to artificial intelligence. He urged the government to adopt an “India First” approach and focus on improving the quality of life for its citizens.

An enlightening guest lecture on the evolving landscape of India’s monetary policy was organized by the Department of Economics at Govt. Digvijay Autonomous PG College, Rajnandgaon. Under the guidance of Principal Dr. Suchitra Gupta and leadership of Head of Department Dr. Sumita Srivastava, the session featured Dr. Aparna Ghosh from St. Thomas College, Bhilai, who explained key aspects of the monetary system in an accessible manner.