India Eyes $30T GDP by 2047
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🗞️ India Unveils Ambitious EV Manufacturing Scheme
The Indian government has introduced a comprehensive electric vehicle policy to attract global manufacturers and boost local production. The new EV manufacturing plan includes import duty waivers, phased localization, and production-linked eligibility norms.
💬 Expert Take:
“This policy signals India’s ambition to become a global EV hub. With the right execution, it can accelerate tech transfer and reduce dependence on imports.”
— Rajiv Sharma, Auto Sector Analyst, Nomura India
🗞️ RBI’s Risk Buffers Boost Economic Stability
A recent ICICI Bank report praised the Reserve Bank of India for increasing its risk provisioning. These steps enhance the central bank’s resilience and support macroeconomic confidence amid global uncertainties.
🗞️ India Projects $30 Trillion Economy by 2047
According to Amitabh Kant, India is on track to become a $30 trillion economy by 2047, backed by digital transformation, clean energy, and robust manufacturing growth.
🗞️ Centre Pushes PSUs for More Dividends
The government is urging state-run enterprises to deliver larger and more frequent dividends to improve fiscal flexibility. This is part of a broader strategy to fund capital expenditure and welfare schemes.
💬 Expert Take:
“This push helps the Centre manage deficits without raising taxes. However, PSUs will need to balance this with their capex goals.”
— Devika Singh, Public Sector Strategist
🗞️ ₹2000 Notes: ₹6,181 Crore Still in Circulation
The RBI confirmed that ₹6,181 crore worth of ₹2000 notes remain unreturned. Over 98% of the notes have been deposited or exchanged, and the central bank shared detailed guidelines for the remaining note holders.
🗞️ India-Oman Free Trade Pact Nearing Finalization
Commerce Minister Piyush Goyal announced that a free trade agreement with Oman is close to completion. The deal is expected to expand India’s presence in Gulf markets and enhance bilateral trade.
🗞️ Vodafone Idea Won’t Get More Relief, Says Scindia
Telecom Minister Jyotiraditya Scindia made it clear that no additional government relief will be extended to Vodafone Idea. The telco must rely on internal improvements and private investment.
🗞️ Reliance Only Indian Firm on Global Tech Titan List
Reliance Industries has been recognized as the only Indian company among the world's highest-valued tech giants. The firm’s pivot into telecom, cloud, and digital commerce has positioned it as a global tech player.