India Eyes Manufacturing Boom 🚀
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🗞️ India Eyes 23% Manufacturing Share in GDP
In a major push towards boosting economic strength, Finance Minister Nirmala Sitharaman announced India's aim to double its manufacturing share in GDP to 23%, driven by "sunrise sectors" like electronics, renewables, and semiconductors. This aligns with India’s vision to position itself as a global manufacturing hub.
Expert Take: “India’s manufacturing ambition will not only strengthen GDP but also create millions of skilled jobs,” says Arvind Panagariya, former NITI Aayog Vice Chairman.
🗞️ India Set to Become the 3rd Largest Economy
India is charging ahead! According to new estimates, India is poised to overtake Germany and Japan to become the world’s third-largest economy soon. The US and China currently retain the top spots, but India's growth momentum is capturing global attention.
🗞️ China's Industrial Profits See a Boost
China’s industrial sector is rebounding — March profits rose, particularly in high-tech manufacturing, showing resilience despite global trade challenges. This could have a ripple effect on global supply chains and India’s export strategies.
🗞️ RBI: India’s Economy to Grow at 6.5%
The Reserve Bank of India has projected 6.5% GDP growth for FY25, remaining confident despite volatile global economic conditions. RBI’s positive outlook underlines India's domestic resilience and growing private sector demand.
🗞️ PF Transfers Get Easier with EPFO’s New Rule
Good news for employees! The EPFO has simplified the Provident Fund account transfer process when changing jobs. Now, your PF account will automatically move to your new employer without manual claims — easing transition stress.
🗞️ New Economic Mindset for India's Youth Needed: RBI Official
RBI Governor nominee Sanjay Malhotra emphasized a mindset shift among Indian youth — encouraging entrepreneurship over traditional multinational jobs. He stressed that India's future economic growth hinges on innovation and startup culture.
🗞️ Buzz Around 8th Pay Commission Grows
Anticipation is building as the government moves forward with formal steps toward forming the 8th Pay Commission, sparking hope among central government employees for potential salary hikes.
🗞️ 360 ONE Ties Up with UBS for Wealth Management
In a strategic partnership, 360 ONE Wealth has teamed up with UBS to enhance its wealth and asset management offerings in India, aiming to deliver superior global financial solutions to HNI and UHNI clients.
📈 Market Updates
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