India Targets 35% Global Mobile Output
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🗞️ PLI 2.0 May Help India Capture 35% of Global Mobile Output
PLI 2.0 could help India capture 35% of global mobile output, with annual production projected to reach $130 billion by FY31.
The scale-up reinforces India’s ambition to become a major global electronics manufacturing hub.
💬 Expert Take — “A stronger mobile manufacturing base can deepen supply chains, improve exports, and push India higher up the global electronics value chain.”
🗞️ India Becomes World’s Second-Largest Diamond Jewellery Market
India has become the second-largest diamond jewellery market globally, with a 12% share of worldwide demand.
The milestone reflects rising domestic consumption and India’s growing importance in the global luxury and jewellery market.
🗞️ Digital-Only Toll Collection Rolled Out on Highways
Digital-only toll collection has now been implemented at national highway fee plazas.
The move is expected to improve traffic flow, reduce cash handling, and strengthen digital payments adoption across transport infrastructure.
🗞️ India’s OTT Market Reaches 1.45 Billion Monthly Users
India’s OTT market has expanded to 1.45 billion monthly active users, driven by cheap data and widespread smartphone access.
The surge highlights the scale of India’s digital consumption economy.
🗞️ India Pharma 2026 Opens in New Delhi
India Pharma 2026 has commenced in New Delhi, spotlighting the country’s innovation-led pharmaceutical growth.
The event underscores India’s role as a major global supplier of affordable medicines and healthcare innovation.
🗞️ Mumbai Civic Body to Use AI for Real Estate Approvals
The MCGM will deploy an AI system to overhaul real estate approvals in Mumbai.
The initiative aims to improve efficiency, reduce delays, and increase transparency in the approval process.
💬 Expert Take — “AI-led approval systems can meaningfully improve ease of doing business, especially in sectors where time delays directly affect project costs.”
🗞️ Retail Inflation Inches Up to 3.4% in March
India’s retail inflation edged up to 3.4% in March.
The rise remains moderate, suggesting price stability is broadly intact despite recent commodity volatility.
📊 Market Update
📉 Sensex: 76,847.57 ▼ 702.68 pts (–0.91%)
📉 Nifty 50: 23,842.65 ▼ 207.95 pts (–0.86%)
🪙 Gold (per gram): 24K ₹15,246 ▼ ₹38 | 22K ₹13,975 ▼ ₹35
🥈 Silver (per kg): ₹2,55,000 ▼ ₹5,000