India's fisheries, driven by PMMSY and modern technology, have increased 104% in ten years to 195 lakh tonnes.

Based on the most recent data from the Department of Fisheries, the fisheries sector in India has experienced remarkable development over the past ten years, with total fish production rising by 104% from 96 lakh tonnes in 2013–14 to 195 lakh tonnes in 2024–25.  This growth highlights the nation's rise to the position of the world's second-largest fish producer, accounting for almost 8% of worldwide production, especially in inland fisheries, which increased by 142% to 147.37 lakh tonnes.

Modern aquaculture techniques, better infrastructure, and government initiatives have revolutionized the industry, which provides millions of people in rural and coastal areas with an important source of food, jobs, and cash.  One notable example is Navkishar Gope, a displaced villager from Gangudih Punarwas, Jharkhand, who began with nothing and used cage culture under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to change his life.  He increased his output, decreased fish mortality, and now has a house and a moped with plans to grow even more thanks to training and financial assistance.

This growth is a result of investments in hatcheries, pond systems, cold chains, and market networks, which support the move toward high-yield, environmentally friendly methods.  To maintain this momentum, the Union Budget for 2025–2026 has set a record of Rs 2,703.67 crore for the sector, the biggest amount ever.

The Blue Revolution in 2015 marked the start of the trip, which intended to improve infrastructure and productivity in both inland and marine fisheries.  Nonetheless, deficiencies in fisher welfare, traceability, and post-harvest management continued, which prompted the establishment of PMMSY in 2020.  The initiative has authorized projects totaling Rs 21,274.16 crore as of July 22, 2025, with a central share of Rs 9,189.79 crore, and a total investment of Rs 20,050 crore over five years (extended to 2025-26).  Jobs in fishing, aquaculture, processing, and marketing have been created directly and indirectly as a result of the Rs 5,587.57 crore that has been released thus far.

The government has also approved the creation of 195 new fisheries cooperatives as of July 29, 2025, and 200 already-existing ones as Fish Farmer Producer Organizations (FFPOs) under PMMSY.  The Center has contributed Rs 6,761.80 crore of the Rs 17,210.46 crore in infrastructure projects.  Notable developments include 11 integrated aquaparks that cost Rs 682.60 crore and 34 approved fisheries clusters, including organic ones in Meghalaya and Sikkim.  These hubs lower losses and increase farmer earnings by offering end-to-end support from seed and feed to processing and markets.

With 39 businesses receiving Rs 31.22 crore in subsidies for seed investment and incubation, innovation is a crucial pillar.  Rs 4,209.05 crore for interest subvention is one of 163 new projects totaling Rs 6,273.31 crore that have been approved in FY 2025–2026.

Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a Rs 6,000 crore sub-scheme that was introduced in February 2024 and will run till 2026–2027, is a complementary program to PMMSY.  By April 2025, Rs 11.84 crore had already been approved, with a focus on formalization, insurance, financial access, and quality assurance.

Launched under PM-MKSSY in September 2024, the National Fisheries Digital Platform (NFDP) has enrolled over 26 lakh stakeholders by August 2025. Through a single site (nfdp.dof.gov.in), the platform provides digital identities, credit access, insurance, and training.

The Fisheries and Aquaculture Infrastructure Development Fund (FIDF), which has a capital of Rs 7,522.48 crore and is extended till March 2026, has increased financial inclusion.  It offers 3% interest subvention and credit guarantees up to Rs 12.50 crore.  By June 2025, the Kisan Credit Card initiative had issued 4.76 lakh cards and disbursed Rs 3,214.32 crore, with the ceiling for fisheries having been upped to Rs 5 lakh.

With an allocation of Rs 375 crore under PMMSY, the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan integrates tribal upliftment by providing fish culture support to 10,000 groups and 1 lakh individuals.

Recirculatory Aquaculture Systems (RAS) and Biofloc are examples of technological improvements; by March 2025, 12,000 RAS units (costing a total of Rs 902.97 crore) and 4,205 Biofloc units (costing Rs 523.30 crore) will have been approved.  These encourage high-density, water-efficient cultivation.

In line with the FAO's Blue Port Initiative, infrastructure modernization includes three smart fishing harbors in Diu, Puducherry, and Gujarat (Rs 369.8 crore) that are outfitted with AI, IoT, solar power, and environmentally friendly equipment.  FAO workshops and engagements with the French Development Bank are examples of international relations.

Higher aid for women, Tribes, and Scheduled Castes demonstrates inclusivity; Rs 3,973.14 crore in projects pertaining to women have been granted.  Additionally, PM-MKSSY provides World Bank and AFD funding to microenterprises.

The Ministry of Agriculture and Farmer Welfare SMS 3.8 Crore Farmers in 13 States AI-Based Monsoon Forecasts

This year, the Ministry of Agriculture and Farmer Welfare (MoAFW) notified about 3.8 crore farmers in 13 states by SMS (m-Kisan) with AI-based monsoon forecasts. Up to four weeks before the rain, this forecast was more accessible than ever before. AI-based models enabled the creation of projections tailored to farmers' requirements, providing them with an essential tool for organizing their Kharif farming choices.

MoAFW is a global leader in using AI weather forecasting to directly assist farmers with this, the first-of-its-kind targeted distribution of AI weather forecasts to date. Rainfall is essential to Kharif farming, which is the primary source of income and livelihood for millions of farmers throughout India. Farmers can make better decisions about what to plant, how much to grow, and when if they are given prior monsoon projections.

Artificial intelligence (AI) has revolutionized weather forecasting, making this possible. During a September 8 program review meeting at Krishi Bhavan, Nobel Laureate and University of Chicago Professor Michael Kremer met with Additional Secretary Pramod Kumar Meherda and Joint Secretary Sanjay Kumar Agarwal to talk about the Ministry's ground-breaking initiative and the program's expansion.

Meherda, an additional secretary, said, “This programme harnesses the revolution in AI-based weather forecasting to predict the arrival of continuous rains, empowering farmers to plan agricultural activities with greater confidence and manage risks. We look forward to continuing to improve this effort in future years.” The monsoon arrived early this year, but the northward progression was halted for 20 days, delaying precipitation.

The MoAFW's AI-based forecasts accurately predicted this pause in the monsoon's advance. “As climate change increases weather variability, forecasts are a useful tool to help farmers adapt to the situation,” said Shri Sanjay Kumar Agarwal, Joint Secretary.

India now exports US$ 3.3 billion worth of agrochemicals, ranking 3rd in the world.

The Agro-Chemicals Federation of India (ACFI) and Deloitte research states that India's agrochemical exports have virtually tripled over the last ten years, from US$ 1.3 billion in FY15 to US$ 3.3 billion in FY25, placing the country as the third-largest exporter behind the US and China. The necessity of policy support to maintain this growth pace was emphasized in the report. The ACFI has called on the government to implement tax holidays and a Production Linked Incentive (PLI) program for the industry, pointing out that these steps might support the establishment of large-scale manufacturing hubs and lessen reliance on imports of essential compounds. In order to increase India's competitiveness in the global market, it also emphasized the significance of increased public-private collaboration in research and development as well as more robust assistance for MSMEs.

The value of the domestic agrochemical market in FY24 was around Rs. 69,000 crore (US$ 7.82 billion), of which 49% came from domestic formulations and 51% from exports.  Multi-source generics hold an 80% market share and are predicted to increase as more items worldwide lose their patents.  In FY24, insecticides made up 41% of the market, followed by herbicides (22%), fungicides (21%), and plant growth regulators, biostimulants, and seed treatment products. The fastest-growing segment was herbicides, which expanded at a compound annual growth rate (CAGR) of 10% between FY21 and FY24.  Nearly 65% of domestic demand is driven by eight crops: rice, cotton, wheat, soybean, chillies, grapes, sugarcane, and gram. Maharashtra, Goa, Andhra Pradesh, Telangana, and Madhya Pradesh are the states with the highest consumption rates.

Cabinet approves doubling of Bhagalpur–Dumka–Rampurhat rail line at Rs 3,169 crore

The Bhagalpur–Dumka–Rampurhat railway line, which connects Bihar, Jharkhand, and West Bengal, was cleared by the government to be doubled at an estimated cost of Rs 3,169 crore.

Prime Minister Narendra Modi's Cabinet Committee on Economic Affairs approved the 177-kilometer project, which will increase line capacity, reduce traffic, and improve mobility on a major railway segment, according to an official statement.

Five districts in three states will be covered by the project, which would improve train access to major tourist and religious destinations like Tarapith and Deoghar (Baba Baidyanath Dham).  Additionally, 441 villages, including three aspirational districts (Banka, Godda, and Dumka), will benefit around 28.7 lakh people.

It is anticipated that the multi-tracking project will increase freight traffic by 15 million tons annually, mostly for coal, cement, fertilizers, bricks, and stones.  In order to meet climate targets, the initiative will reduce logistics costs, limit oil imports, and minimize CO2 emissions by 24 crore kg, which is equivalent to growing one crore trees. 

The PM Gati Shakti National Master Project Plan, which was used to plan the project, placed a strong focus on enhanced multi-modal connectivity and integrated infrastructure development.

The ₹1,500 crore scheme to increase vital mineral recycling capacity has been approved by the cabinet.

Prime Minister Narendra Modi chaired over the Union Cabinet, which approved a ₹1,500 crore incentive scheme to build recycling capacity for the production and recovery of key minerals from secondary sources.

The National essential Mineral Mission (NCMM), which aims to provide supply chain resilience in essential minerals and increase domestic capabilities, includes the project.

As per the Ministry of Mines, the scheme will run for six years, from FY 2025–2026 to FY 2030–31. Electronic garbage, scrap lithium-ion batteries (LIBs), and other end-of-life items like catalytic converters will all be included.

The scheme will help tiny newcomers, including start-ups, as well as big, well-established recyclers.  For smaller players, one-third of the whole expenditure has been set aside.

For units starting production within the allotted time, incentives include a 20% capital subsidy on plant and machinery as well as an operational subsidy on additional sales above the base year (FY 2025–26).  40% of the operating subsidy will be given in the second year, and 60% in the fifth.

The overall incentive has been set at ₹50 crore for large entities and ₹25 crore for small entities, with operating subsidies limited at ₹10 crore and ₹5 crore, respectively, to encourage greater participation.

According to the Ministry, the project is anticipated to generate at least 270 kilo tonnes of recycling capacity annually, which will lead to the annual production of roughly 40 kilo tonnes of important minerals.  Additionally, it is anticipated to create nearly 70,000 direct and indirect jobs and attract investments totaling almost ₹8,000 crore.

India's unicorn club already has 73 startup companies, with 11 more joining in 2025: Report

This year, eleven more Indian firms have reached the unicorn club, bringing the total to 73.  In terms of unicorns, the nation has the third-largest startup environment globally.

Among the new companies that have been added to the list this year thus far are Navi Technologies, Ai.tech, Darwinbox, Netradyne, Rapido, and Jumbotail.

Hurun India stated in a report that the largest brokerage, Groww, is valued at $7 billion, while the bargain brokerage, Zerodha, is valued at $8.2 billion, followed by Razorpay and Lenskart, each at $7.5 billion.

The B2B corporate services marketplace Ofbusiness, the mobile advertising company Inmobi Adtech, the SaaS player Icertis, the hotel aggregator Oyo, the delivery platform Meesho, and the rapid commerce platform Zepto, each with $5.9 billion, round out the top 10 list.

Over 2,06,000 people are employed by these rapidly expanding firms combined, with Lenskart, Of Business, and Physicswallah standing out as the biggest employers.

The report also emphasizes the ecosystem's growing diversity by highlighting female founders including Garima Sawhney (Pristyn Care), Vineeta Singh (Sugar Cosmetics), and Ruchi Kalra (OfBusiness).  Kaivalya Vohra and Aadit Palicha, both 22 years old, are two of Zepto's youngest unicorn founders.

With 26 unicorns valued at a combined $70 billion, Bengaluru remains the leader geographically, followed by Delhi-NCR and Mumbai.  When it comes to the number of unicorns and their valuations, the fintech sector continues to be the strongest.

Multiple investors' investing activity in the startup ecosystem increased slightly, and Peak XV Partners emerged as the biggest backer with 42 bets across firms so far this year.

Test-firing the "Agni 5" Intermediate Range Ballistic Missile successfully

The Ministry of Defense said in an official statement that the Intermediate-Range Ballistic Missile Agni-5 was successfully test-fired from the Integrated Test Range at Chandipur in Odisha on 20/08/25.

Under the direction of the Strategic Forces Command, the launch verified all technical and operational criteria.

Prithvi-II and Agni-I, two short-range ballistic missiles (SRBM), were successfully tested by India on July 18 from the same test range in Chandipur, Odisha. The Strategic Forces Command oversaw these launches, which also verified all operational and technical specifications.

Akash Prime, the improved version of the Akash Weapon System created for the Indian Army, helped India accomplish another significant feat on July 16 when it successfully destroyed two aerial high-speed unmanned targets at high altitude in Ladakh.

The weapon system has been modified to function at elevations higher than 4,500 meters and includes the most recent advancements, such as a radio frequency seeker that was developed in the country.  The robustness of the domestic defense ecosystem is demonstrated by the numerous improvements made to increase operational effectiveness in response to user feedback.

The statement says that Army Air Defence and DRDO have successfully verified the domestically designed and developed Akash Prime Weapon System in cooperation with Defence PSUs like Bharat Dynamics Limited and Bharat Electronics Limited as well as other industry partners.

India's air defense capabilities in high-altitude regions will be strengthened and timely induction made possible by the trials, which are part of the first production model fire. 

Mobile phones are the main driver of India's 47% increase in electronics exports in Q1 FY26.

The India Cellular and Electronics Association (ICEA) reports that India's electronics exports increased 41% year over year to Rs. 1,08,450 crore (US$ 12.4 billion) in Q1 FY26 from Rs. 73,729 crore (US$ 8.43 billion) in Q1 FY25. The main driver of this dramatic increase was the export of mobile phones, which increased 55% to Rs. 66,470 crore (US$ 7.6 billion) from Rs. 42,855 crore (US$ 4.9 billion) in the previous year. Strong shipments of solar modules, networking equipment, charging adapters, and electronic components drove a 37% increase in non-mobile electronics exports to Rs. 41,981 crore (US$ 4.8 billion). The chairman of the India Cellular and Electronics Association, Mr. Pankaj Mohindroo, referred to it as a strategic national accomplishment and emphasized the increasing popularity in other markets, such as consumer electronics, wearable technology, and IT technology.

The ICEA projects that India's electronics exports will reach Rs. 4,02,316-4,37,300 crore (US$ 46-50 billion) in FY26, up from Rs. 2,54,509 crore (US$ 29.1 billion) in FY24 to Rs. 3,37,596 crore (US$ 38.6 billion) in FY25. From Rs. 2,71,126 crore (US$ 31 billion) in FY15 to Rs. 11,63,218 crore (US$ 133 billion) in FY25, the country's electronics manufacturing has more than fourfold in the last ten years. He emphasized how urgent it is to create a local supply chain that is globally competitive and called for the growth of Indian brands and champions along the whole value chain, from components to finished goods, in order to guarantee the electronics industry's long-term independence.

UPI transactions increase in 2025; in August, the daily average value surpassed Rs. 90,000 crore (US$10.3 billion).

The Unified Payments Interface (UPI) is the backbone of India's digital payments ecosystem, and it is expected to continue to grow strongly in 2025. From January 2025 to August 2025, the average daily transaction values increased steadily from Rs. 75,743 crore (US$ 8.67 billion) to Rs. 90,446 crore (US$ 10.35 billion), according to a recent study by the State Bank of India (SBI). In addition, transaction volumes increased by an average of 127 million per day over the same time period, reaching 675 million in August. UPI's increasing market share in both urban and rural areas is reflected in this notable growth, which has been made possible by its smooth integration with several apps and services. Now commonly utilized for retail purchases, bill payments, and commercial transactions, UPI is no longer just for peer-to-peer transfers, demonstrating its adaptability as a financial instrument for both individuals and businesses.

The changing dynamics within the banking industry are also highlighted in the research. With 5.2 billion transactions—more than three times the second-largest—SBI became the top remitter member, highlighting the significant contribution of public sector banks to payment flows. On the beneficiary side, however, private sector banks were in the lead, with Yes Bank at the top of the list after managing about eight billion transactions. Maharashtra accounted for 9.8% of all transactions in July, followed by Karnataka at 5.5% and Uttar Pradesh at 5.3%, the only northern state in the top five, according to state-level adoption data released by the National Payments Corporation of India (NPCI). These numbers demonstrate how UPI is reaching tier-II and tier-III cities in addition to urban areas. With upcoming developments like UPI Lite, cross-border connections, and UPI credit, the platform is well-positioned to further solidify its position as a catalyst for financial inclusion and India's shift to a paperless economy.

The 6-lane capital region ring road project in Odisha, worth Rs 8,307 crore, has been approved by the cabinet.

The construction of a 6-Lane Access-Controlled Capital Region Ring Road (Bhubaneswar Bypass) in Odisha, with a total capital cost of Rs 8,307.74 crore, was approved by the Cabinet Committee on Economic Affairs on 19/08/25 under the direction of Prime Minister Narendra Modi. Hybrid Annuity Mode (HAM) will be used to develop the 110.875 km project.

The Rameshwar–Tangi section of the current National Highway is currently extremely congested because of the volume of traffic passing through major cities like Khordha, Bhubaneswar, and Cuttack. By rerouting heavy commercial trucks away from these cities, the proposed Greenfield Ring Road hopes to increase freight efficiency, lower logistics costs, and foster socioeconomic growth in Odisha and the neighboring eastern states.

Three National Highways (NH-55, NH-57, and NH-655) and one State Highway (SH-65) will be integrated with the alignment, providing easy access to social and economic centers throughout the area. Along with important facilities like Bhubaneswar Airport, Khordha Railway Station, a projected Multi-Modal Logistics Park, and two significant ports (Puri and Astrang), it will also connect to ten Economic Nodes, four Social Nodes, and five Logistic Nodes.

When the project is finished, it should greatly improve regional connectivity by tying together important religious and economic hubs, increasing trade, and facilitating the development of industry. Additionally, it is anticipated to create new opportunities for local communities by generating 74.43 lakh direct jobs and 93.04 lakh indirect employment person-days.

With an estimated 28,282 passenger car units (PCU) per day (FY25) of traffic, the Bhubaneswar bypass will be an essential part of the Kolkata–Chennai economic route, creating new opportunities for Odisha's development, progress, and prosperity.

PM Modi's announcement of next-generation GST reforms is welcomed by business owners.

Prime Minister Narendra Modi's announcement of next-generation GST reforms has been warmly received by business owners and traders nationwide, who see it as a crucial step to streamline the system of taxes and promote trade.

According to Paramjit Singh Pamma, vice-president of the Federation of Sadar Bazar dealers Association, the revisions will significantly ease the tax rates that dealers now bear, which range from 5% to 28%.

“This has been a long-standing demand of the trading community, and we welcome this announcement by Prime Minister Modi. It will help traders immensely,” Pamma said.

Prime Minister Modi hinted to significant modifications to the Goods and Services Tax system during his Independence Day speech from the Red Fort.

“This Diwali, I am going to celebrate a double Diwali with you. The countrymen are going to get a big gift — there will be a huge reduction in GST on common household items,” he announced.

The Prime Minister referred to the action as "the demand of the hour" and emphasized the pressing necessity to examine and rationalize GST rates in order to lessen the tax burden on regular people.

Regarding the Prime Minister's call for buying more domestic products, Pamma stated that the reduction in the GST rate will boost domestic commerce and increase the competitiveness of domestic goods relative to imports.

He added that although more reforms in local marketplaces are still required, India's sizable market offers plenty of prospects for domestic sales.

The news coincides with the nation's eighth anniversary of the introduction of the Goods and Services Tax (GST) in 2017, a historic reform that consolidated India's indirect tax structure and made conducting business easier, especially for small and medium-sized businesses.

 

India reaches the historic milestone of producing 100 gigawatts of solar photovoltaic modules.

India has surpassed merely 2.3 GW in 2014 to reach a historic milestone of 100 GW of solar PV module manufacturing capacity listed under the Approved List of Models and Manufacturers (ALMM).

The efforts were praised by Prime Minister Narendra Modi, who called it a significant step toward independence. The Prime Minister said in a social media post that it showcases India's achievements in manufacturing and promoting sustainable energy. 

Pralhad Joshi, the Union Minister of New and Renewable Energy, emphasized this accomplishment and said his Ministry is creating a strong, independent solar manufacturing environment.

This accomplishment, according to Mr. Joshi, bolsters India's trajectory towards Atmanirbhar Bharat and its target of 500 gigawatts of non-fossil power by 2030.

The accomplishment was credited by Union Minister Pralhad Joshi to Prime Minister Modi's inspiring leadership and innovative initiatives such as the Production Linked Incentive (PLI) Scheme for High-Efficiency Solar Modules.

He emphasized that this expansion solidifies India's commitment to international decarbonization initiatives and advances the country's goal of reaching 500 GW of non-fossil fuel capacity by 2030.

8.2 GW of capacity was listed in the first list of the ALMM Order, which was presented by the Ministry of New and Renewable Energy in 2019. With 100 manufacturers running 123 manufacturing facilities, this capacity has more than tripled to 100 GW in just over four years, up from 21 in 2021.

A competitive environment that can satisfy both local and international expectations has been created by the adoption of high-efficiency technology and vertically integrated operations by both new and old businesses.

India's exports of electronics increased by more than 47% in the first quarter of 2025–2026: Piyush Goyal

India’s electronics exports increased by more than 47% in the first quarter of 2025-26 compared to the same period in 2024-25, according to Commerce and Industry Minister Piyush Goyal. Mr. Goyal said in a social media post that the rise in electronics output from 31 billion to 133 billion dollars in just ten years, starting in 2014–15, is a wonderful success story for Make In India.

The government, he said, has established a number of facilitators to make India a manufacturing powerhouse. India now has over 300 mobile manufacturing units, up from just two in 2014, according to Mr. Goyal. Being the second-largest mobile phone producer in the world after starting as a mobile importer has been one of the most amazing adventures, he said.

Furthermore to the minister, the electronics industry has also created a significant number of job possibilities, with electronic components, networking equipment, charger adapters, and solar modules all contributing significantly to the growth of exports. 

India is five years ahead of plan in mixing 20% ethanol into petrol.

India's Petroleum and Natural Gas Minister Hardeep Singh Puri declared on 23/7/25 that the country had achieved a 20% ethanol blend in petrol in 2025, five years ahead of its initial goal of 2030.

The minister emphasized the nation's success in renewable energy, pointing out that the percentage of ethanol blended into petrol has increased from 1.5% in 2014 to 20% in 2025—a roughly thirteenfold increase in just 11 years.

Puri underlined that the move to ethanol-blended fuel has had major positive effects on the economy and the environment in addition to enhancing energy security. By June 2025, the amount of ethanol produced had increased from 38 crore liters in 2014 to 661.1 crore liters.

As a result of lowering the dependence on imported crude oil, India has saved over ₹1.36 lakh crore in foreign cash. Meanwhile, distilleries received ₹1.96 lakh crore, which fueled the expansion of the local biofuel sector. Furthermore, farmers have received ₹1.18 lakh crore, which has increased rural incomes and bolstered the agricultural industry.

The effects on the environment have been just as significant. India's climate goals have been aided by the 698 lakh tons of carbon dioxide emissions that have been reduced as a result of the increasing use of petrol blended with ethanol.

"India hits 20% ethanol blending in petrol five years ahead of target. From just 1.5% in 2014 to 20% in 2025, this clean energy leap has: >> Saved ₹1.36 lakh crore in forex >> Paid ₹1.18 lakh crore to farmers >> Cut 698 lakh tonnes of CO₂ emissions. PM @narendramodi ji’s vision is powering energy security, farmer income, and climate progress,” Minister Hardeep Singh Puri said in a post on X.

The initiative's support of Indian agriculture is further demonstrated by the fact that the majority of the ethanol utilized in blending comes from crops like sugarcane.

A price increase for ethanol made from molasses for the current marketing season was just agreed to by the Union Cabinet. The Ethanol Blended Petrol (EBP) Program's updated procurement rates for Public Sector Oil Marketing Companies (OMCs) will be in effect for the Ethanol Supply Year (ESY) 2024–2025, which runs from November 1, 2024, to October 31, 2025.

India now ranks third globally in terms of mobile exports, with a value of Rs. 1,77,141 crore (US$ 20.5 billion).

India has changed dramatically in less than ten years, going from being a mobile phone market that depended heavily on imports to becoming the third-largest exporter in the world. A recent report by the Centre for Development Studies (CDS) found that mobile phone exports reached Rs. 1,77,141 crore (US$ 20.5 billion) in CY24, propelled by significant policy changes and increased integration into global value chains (GVCs). The change started about 2017 and accelerated in 2020 when the Production Linked Incentive (PLI) program was introduced, which promoted the production of electronics on a massive scale. Because of this, exports have surpassed domestic consumption, which is uncommon in developing countries. Mobile exports increased by an astounding 11,950% from barely Rs. 1,728 crore (US$ 200 million) in 2017–18 to Rs. 2,08,248 crore (US$ 24.1 billion) in 2024–25. Since 2018–19, the industry has also continuously shown a positive net export trend, pointing to long-term structural advancements.

According to the research, Domestic Value Addition (DVA) increased significantly, surpassing Rs. 86,410 crore (US$ 10 billion) in 2022–2023 and reaching 23% of output value. Between 2019–20 and 2022–23, direct DVA increased by 283% to Rs. 39,749 crore (US$ 4.6 billion), while indirect DVA increased by more than six times to Rs. 28,515 crore (US$ 3.3 billion) through component suppliers and service providers. Over 17 lakh people now work in the sector, with employment tied to exports increasing by more than 33 times. Indicating inclusive development, wages in export-oriented positions have also increased. Prioritizing size above deep localization, resolving tariff inefficiencies, enhancing logistics, and maintaining an outward-oriented industrial policy are all suggested by the report. India has the potential to become a global center of production and duplicate this model in the larger electronics industry with the correct combination of policies and ongoing GVC integration.

PM Modi launches more than ₹4800 crore in development projects in Tamil Nadu.

Prime Minister Narendra Modi will lay the foundation stone, launch, and dedicate a wide range of development projects worth over ₹4800 crore to the country during his two-day visit to Tamil Nadu on July 26 and 27. The government's dedication to improving southern India's infrastructure, regional connections, and cultural legacy is demonstrated by his visit.

The Prime Minister will go straight to Tuticorin on the evening of July 26 after returning from state visits to the Maldives and the United Kingdom. He will launch a number of significant infrastructure initiatives there that will raise Tamil Nadu's general standard of living, connectivity, logistics, and energy efficiency.

The opening of Tuticorin Airport's New Terminal Building, which was built at an estimated cost of ₹450 crore, would be one of the main events of his visit. The 17,340-square-meter terminal can accommodate up to 20 lakh people a year and 1,350 passengers during peak hours, with room to grow in the future. With its sustainable facilities and energy-efficient systems, it hopes to earn a GRIHA-4 sustainability grade, encouraging environmentally friendly aviation infrastructure and increasing regional tourism and business. A system for assessing green buildings is called GRIHA (Green Rating for Integrated Habitat Assessment). It makes it easier to evaluate a building's performance using nationally recognized benchmarks or standards.

The Prime Minister will commit the country to two strategically important initiatives that will greatly enhance tourism and trade.

Significant improvements will also be made to the rail industry with the goal of shortening travel times and increasing freight flow.

There will be two significant roadway projects dedicated by PM Modi. The first is the NH-36's 50 km Sethiyathope–Cholapuram 4-laning, which was constructed at a cost of more than ₹2,350 crore. It is anticipated that this project, which consists of flyovers, bridges, and bypasses, will cut travel times between important delta regions by 45 minutes. In the second project, Tuticorin Port and the nearby industrial regions will be connected by 6-laning a 5.16-kilometer section of NH-138. It was constructed for about ₹200 crore and is anticipated to improve port-led industrial development and lower logistical costs.

The Prime Minister will open the North Cargo Berth-III at V.O. Chidambaranar Port, further enhancing port infrastructure. The ₹285 crore facility would increase cargo handling efficiency and handle the growing demand for dry bulk cargo with a capacity of 6.96 million metric tonnes per annum (MMTPA).

PM Modi will dedicate three significant rail development projects to the country. These include doubling the 21-kilometer Nagercoil Town–Kanniyakumari line, electrifying the 90-kilometer Madurai–Bodinayakkanur stretch, and doubling shorter but crucial connections like Tirunelveli–Melappalayam and Aralvaymozhi–Nagercoil Junction. When combined, these improvements will save travel times, improve the flow of people and goods, and fortify ties between Tamil Nadu and Kerala, a nearby state.

Additionally, the Prime Minister will lay the cornerstone for Units 3 and 4 of the Kudankulam Nuclear Power Plant's Inter-State Transmission System (ISTS). A high-capacity 400 kV double-circuit transmission line is part of the ₹550 crore project, which would improve the national grid and provide a consistent supply of renewable energy to Tamil Nadu and other states.

In order to participate in the Aadi Thiruvathirai Festival at the famous Gangaikonda Cholapuram Temple, PM Modi will visit Tiruchirappalli on July 27. He will commemorate the 1,000th anniversary of his nautical journey to Southeast Asia and create a commemorative currency in honor of one of India's most famous monarchs, Emperor Rajendra Chola I.

The occasion will also mark the start of work on the Gangaikonda Cholapuram temple, a UNESCO World Heritage Site and a masterpiece of Chola architecture. During his reign from 1014 to 1044 CE, Rajendra Chola I is renowned for his vast naval exploits and for building a metropolis that epitomized both administrative prowess and spiritual devotion.

Since Rajendra Chola's birth star, Thiruvathirai, debuted on July 23, this year's Aadi Thiruvathirai has particular meaning. To further emphasize the region's religious and cultural heritage, the celebration also pays tribute to the 63 Nayanmars' legacy and Tamil Shaiva Bhakti customs. 

India's total exports increased by about 6% between April and June 2025, with electronic items driving the development.

India's total exports, including goods and services, increased to an estimated USD 210.31 billion between April and June 2025, representing a 5.94 percent increase over USD 198.52 billion during the same period the previous year, according to government figures made public today.

The total value of merchandise exports was USD 112.17 billion, which was 1.92 percent more than the USD 110.06 billion recorded between April and June of 2024. In the same time frame, non-petroleum exports notably increased by almost 6% to reach USD 94.77 billion.

Strong results from industries like electronics, pharmaceuticals, engineering goods, marine products, and meat, dairy, and poultry products are important growth drivers.

Exports of electronic goods increased by 46.93 percent to USD 4.15 billion in June 2025 from USD 2.82 billion in June 2024, making them a notable performer. Pharmaceutical and drug exports increased 5.95 percent to USD 2.62 billion, while engineering goods exports increased only 1.35% to USD 9.50 billion.

Marine product exports increased 13.33%, while meat, dairy, and poultry product exports increased 19.7%.

Merchandise and Services Trade

India's total exports in June 2025 were valued at USD 67.98 billion, which represents a 6.5% rise over June 2024.  At USD 71.50 billion, total imports represented a little increase of 0.50 percent.

Merchandise imports decreased marginally to USD 53.92 billion from USD 56 billion in June 2025, while merchandise exports stayed steady at USD 35.14 billion from USD 35.16 billion in June of the previous year.

In the services sector, imports increased to USD 17.58 billion from USD 15.14 billion in June 2025, while exports increased to USD 32.84 billion from USD 28.67 billion in June 2024.

Trade Deficit Narrows

India's total trade deficit decreased from USD 7.30 billion in June 2025 to USD 3.51 billion in June 2025.  In April-June 2025, the product trade deficit grew to USD 67.26 billion from USD 62.10 billion in the same period last year, while the services trade surplus grew to USD 46.95 billion from USD 39.68 billion.

Non-Petroleum and Non-Gems & Jewellery Trade

June 2025 exports, excluding petroleum and gems and jewelry, increased from June 2024 exports of USD 27.43 billion to USD 28.74 billion.  In the same category, imports were steady at USD 36.57 billion, down from USD 36.55 billion in the previous year.

Non-petroleum and non-gems & jewelry exports brought in USD 88.10 billion during the April-June quarter, up from USD 82.16 billion during the same period last year.

Key Commodities and Destinations

Commodities that had favorable growth in June 2025 were rice, electronics, tea, jute manufacturing, including floor coverings, other cereals, cereal preparations, fruits and vegetables, plastics, carpet, chemicals, and textiles.

However, during the month, imports of iron and steel, pearls and precious stones, coal, newsprint, gold, pulses, and project goods all decreased.

Comparing June 2025 to June 2024, the top five export destinations that showed positive growth were the United States, China, Kenya, France, and Brazil.  During the month, the leading sources reporting increases in imports were China, Hong Kong, Singapore, Thailand, and Ireland.

The leading import sources for the quarter were China, the United Arab Emirates, Ireland, the United States, and Hong Kong, while the top export destinations were the United States, China, Kenya, Germany, and Australia.

Services Exports Surge

The value of services exported increased by 10.93% between April and June 2025, from USD 88.46 billion to USD 98.13 billion.  From USD 48.78 billion to USD 51.18 billion, services imports also increased.

The Cabinet grants NLCIL a special exemption to support the drive for renewable energy.

Prime Minister Narendra Modi's Union Cabinet approved a special exemption for NLC India Limited (NLCIL) on 16/7/25, allowing it to invest Rs. 7,000 crore in its plans to expand its renewable energy business without having to follow some of the current investment guidelines for Navratna Central Public Sector Enterprises (CPSEs).

The decision will enable NLCIL to invest the money in NLC India Renewables Limited (NIRL), a fully owned subsidiary. Under the present delegation of powers, the subsidiary can then participate directly or through joint ventures in renewable energy projects without obtaining prior approval. Additionally, the exception removes the cap that restricts CPSEs' total participation in subsidiaries and joint ventures to 30% of their net worth.

The official statement claims that this action will provide NLCIL and its subsidiary more operational and financial freedom to undertake significant renewable energy projects.

NLCIL's target of building 10.11 GW of renewable energy capacity by 2030 and increasing it to 32 GW by 2047 is supported by the approval. It is consistent with India's larger climate commitments at COP26, which include reaching net zero emissions by 2070 and constructing 500 GW of non-fossil fuel generating capacity by 2030.

With a combined installed capacity of 2 GW, NLCIL, a Navratna CPSE involved in lignite mining and power generation, presently runs seven renewable energy assets. The new agreement will include the transfer of these assets to NIRL.

The company's green energy initiatives will be primarily driven by NIRL, which is strongly seeking new opportunities in the field, including taking part in competitive bids for future projects, according to the statement.

The decision is anticipated to enable dependable, 24/7 power supply throughout India, lessen reliance on fossil fuels, and cut coal imports.

Union Minister Pralhad Joshi said that India's clean energy revolution is a national mission.

Pralhad Joshi, the Union Minister of New and Renewable Energy, has reiterated that India's clean energy revolution is a national purpose rather than only an environmental objective. He emphasized the importance of private investment in reaching India's ambitious goal of 500 GW of non-fossil fuel capacity by 2030 while speaking at the IVCA Renewable Energy Summit 2025 at IIT Bombay. India is seeing historic capital inflows and significant policy support for green manufacturing, battery storage, and renewable energy generation.

The central government will shortly start PM-KUSUM Yojana 2, according to a union minister, in response to demands from 20 state ministers and the success of the PM-KUSUM Yojana in states like Madhya Pradesh, Gujarat, and Rajasthan. For this following stage, he attributed it to investors' increasing interest in alternative energy sources like wind and solar.

India's sustainable energy industry is expanding at a rate never seen before. Reaching 50% of its installed energy capacity from non-fossil fuel sources, five years ahead of the 2030 objective, is a significant milestone for the country. This puts India in the top three countries in the world for adding capacity for renewable energy.

Prime Minister Narendra Modi's leadership, according to Mr. Joshi, is still driving Bharat's green revolution and clearing the way for a sustainable and independent future. This accomplishment demonstrates the effectiveness of aggressive policy implementation, creative policy formulation, and the country's strong commitment to climate responsibility and fairness.

The minister emphasized that India's energy transition is a testament to the achievement of ambitious ideas, skillful operation, and a strong dedication to climate justice and accountability. The foundation for this change has been established by flagship projects such as PM-KUSUM, PM Surya Ghar: Muft Bijli Yojana, the creation of solar parks, and the National Wind-Solar Hybrid Policy.

India's tourism economy was ranked 8th globally in 2025.

The World Travel & Tourism Council (WTTC) has released its Economic Impact Trends Report, which shows that India has advanced significantly from its previous ranking of tenth to the eighth spot among the world's largest tourism economies in 2025. With predictions to rank fourth in the next ten years, the report emphasizes India's rising prominence in the global travel sector.

The post-pandemic tourism business is experiencing a robust recovery on a global scale. Notwithstanding obstacles such local tourism fatigue and climate-related worries, the industry made an astounding US$10.9 trillion contribution to the global economy in 2023. By 2034, this amount is predicted by the World Economic Forum (WEF) to increase to $16 trillion, or more than 11% of global GDP.

The United States continues to dominate the world's tourist market in 2024, contributing $2.36 trillion. China is expected to surpass the United States within the next ten years, currently holding the second position with $1.3 trillion. Japan, which ranks fourth in terms of revenue from tourism ($297 billion), has also made progress.

Germany, the UK, France, Italy, and Spain are still major European countries. In the meantime, Asian travel hotspots like Malaysia, the Philippines, and Hong Kong Special Administrative Region are quickly becoming well-known.

Countries like Saudi Arabia (+91.3%), Turkey (+38.2%), Kenya (+33.3%), Colombia (+29.1%), and Egypt (+22.9%) are seeing notable growth in foreign tourism expenditures.

In 2025, India's tourist industry made $231.6 billion, demonstrating strong expansion and significant advancements in marketing, infrastructure, and service provision. This increasing trend emphasizes India's potential as a major international tourism destination and the industry's critical role in promoting job creation and economic growth.

India become 3rd largest producer of Cars

Great achievement!

India is spearheaded with a 18% plus growth rate in Car Manufacturing  and poised to grow further.

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Clean water now flows where once only hope did!

With the Jal Jeevan Mission, fluoride-affected rural habitations have seen a 57X drop in unsafe drinking water zones.

Every sip is now safe and clean. 

India's social security coverage has increased from 19% to 64.3% in the past ten years, benefiting nearly 94 crore people.

India's social security coverage increased from 19 percent in 2015 to 64.3 percent in 2025, bringing over 94 crore people under the protection of at least one social security benefit. This is a remarkable milestone.

The International Labour Organization (ILO) has acknowledged this extraordinary rise over the past ten years on its ILOSTAT database. According to the ILO, social security guarantees access to healthcare and stable income in the event of old age, illness, unemployment, disability, pregnancy, work-related injuries, or the death of a breadwinner. Social insurance, welfare payments, and in-kind benefits like food and shelter security are all part of India's comprehensive system.

India has seen a historic increase in the coverage of social protection under Prime Minister Narendra Modi's leadership, according to Labour and Employment Minister Dr. Mansukh Mandaviya. In a social media post, Dr. Mandaviya thanked Gilbert Houngbo, DG of the International Labour Organization, for recognizing and valuing India's revolutionary progress in creating a strong and inclusive social security system. According to Mr. Houngbo, India's social security coverage grew from roughly 25% in 2019 to 64% in 2025.

India Secures 2nd Rank Worldwide in Democratic Trust

74% of Indians express confidence in democracy in the country, placing India second only to Sweden in global rankings.

India is now a global leader in childhood vaccinations, with a zero-dose rate that halved in a year.

The number of children in India who have not received any vaccinations, or zero-dose children, has decreased from 0.11% in 2023 to 0.06% in 2024, marking a major milestone in the country's immunization campaign. India is now a global leader in child health and immunization after the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME) recognized the accomplishment in its 2024 report.

According to a statement released on Saturday by the Ministry of Health and Family Welfare, the advancement was made possible by India's extensive Universal Immunization Programme (UIP), which gives free immunizations to 2.6 crore newborns and 2.9 crore pregnant women each year. ASHAs and ANMs are among the healthcare professionals who conduct over 1.3 crore immunization sessions nationwide, guaranteeing extensive vaccine outreach.

India received the coveted *Measles and Rubella Champion Award* from The Measles and Rubella Partnership in March 2024 at a ceremony in Washington, D.C., demonstrating how this success has garnered international attention. India's unwavering dedication to eradicating diseases that can be prevented by vaccination is acknowledged with this award.

India has witnessed notable advancements in general health outcomes in addition to decreases in the prevalence of zero-dose. India's maternal mortality ratio (MMR) decreased to 80 per lakh live births in 2023, according to the United Nations Maternal Mortality Estimation Inter-Agency Group (UN-MMEIG). This is an 86% decrease since 1990, far exceeding the 48% global fall. During the 1990–2023 period, the nation also achieved a 78% decrease in the Under-Five Mortality Rate and a 70% decrease in the Neonatal Mortality Rate, compared to global reductions of 61% and 54%, respectively.

The UIP in India has grown significantly over the last ten years. In 2013, the program included only six vaccines; today, it includes 12 vaccine-preventable diseases, with the addition of the Measles-Rubella Vaccine, Rotavirus Vaccine, Pneumococcal Conjugate Vaccine, and Inactivated Poliovirus Vaccine (IPV).

The government's stepped-up efforts, such *Mission Indradhanush*, have been crucial in reaching marginalized communities. Over 5.46 crore children and 1.32 crore pregnant women who were previously unreachable or under-immunized have been vaccinated since the campaign's inception in 2014, with a notable increase in intensity in 2017.

A focused *Zero Dose Implementation Plan 2024* is presently being implemented in 143 districts in 11 states to close the gaps in vaccine coverage among urban slums, migrant populations, and areas where vaccine reluctance is chronic. Through consistent Pulse Polio campaigns and frequent Village Health and Nutrition Days (VHNDs) for community-based immunization campaigns, India has also been polio-free since 2014.

The *U-WIN platform* is one example of a digital innovation being used to track vaccination data and stop dropouts. Strategies for public involvement, such as street plays and social media outreach, are being employed to raise awareness and lessen vaccine reluctance.

India is beating the world average for all antigens, according to data from the WHO-UNICEF Estimates of National Immunization Coverage (WUENIC) 2023 study. The nation has 93% DTP-1 (Pentavalent-1) coverage, which is far greater than Nigeria's 70% coverage. From 7% in 2013 to just 2% in 2023, the dropout rate between DTP-1 and DTP-3 has also drastically declined. During that time, the percentage of people who had the measles vaccine increased from 83% to 93%.

The administration stressed that India's enormous demographic base must be taken into account when comparing it to other nations. Despite a far bigger birth cohort, India's 0.06% rate shows significant progress, while nations like Yemen (1.68%), Sudan (1.45%), and Nigeria (0.98%) still record high percentages of zero-dose children.

India's FY26 growth prediction is raised by Standard & Poor's (S&P) to 6.5% due to strong domestic demand.

India's GDP growth prediction for FY26 has been raised by 0.2% to 6.5% by Standard & Poor's (S&P) Global Ratings, which bases this revision on the probability of a decent monsoon, declining crude oil prices, income-tax breaks, and anticipated monetary policy easing. India's economic momentum would be mostly driven by robust domestic demand, despite global headwinds including trade protectionism and geopolitical threats, according to S&P's Economic Outlook Asia-Pacific Q3 report, which was published on June 25, 2025. Further interest rate reduction by central banks throughout the Asia-Pacific region are made possible by the report's observation that inflation poses no serious threat to the region.

Global concerns could negatively impact India's export performance, but S&P said domestic spending will buffer GDP growth. Due to growing global trade uncertainties and possible spillovers from US protectionist actions, the agency had previously lowered India's FY26 GDP prediction to 6.3% in May 2025. The most recent update, however, shows a more positive domestic outlook. S&P reaffirmed that India is expected to become the third-largest economy in the world by FY30–35 and continues to benefit greatly from global supply chain realignments. The World Bank and the International Monetary Fund (IMF) have maintained their estimates of India's FY26 GDP at 6.3% and 6.2%, respectively, citing trade and geopolitical uncertainties, such as the ongoing Middle East conflict, which could put pressure on global oil prices. Other global forecasts are still more cautious.

PM Modi launches off the Marhowra Plant's first export locomotive and launches important development projects in Bihar.

A number of development projects in Bihar were laid the groundwork and officially opened by Prime Minister Narendra Modi on Friday. These initiatives prioritized affordable housing, electricity infrastructure, sanitation, and train connectivity.

A modern export locomotive constructed at the Marhowra Plant was flagged off as the centerpiece of the prime minister's tour to the Saran district. The locomotive will be shipped to the Republic of Guinea, the plant's first overseas shipment, and is being produced as part of the "Make in India – Make for the World" initiative.

These cutting-edge locomotives, which highlight India's expanding rail manufacturing capabilities, have high horsepower engines, AC propulsion systems, microprocessor-based control systems, ergonomically designed cabins, and regenerative braking technologies.

In a move to improve regional connectivity, PM Modi also officially opened the Vande Bharat Express, which would greatly increase rail access in North Bihar and run between Patliputra and Gorakhpur via Muzaffarpur and Bettiah.

Furthermore, he launched a new train service along the Vaishali–Deoria railway line, which is worth over ₹400 crore, to improve connectivity throughout the area.

The Prime Minister officially opened six Sewage Treatment Plants (STPs) under the Namami Gange scheme, which totaled more over ₹1,800 crore in investment. The purpose of these plants is to improve water quality and sanitation in cities along the Ganga River.

In addition, PM Modi lay the groundwork for a number of sanitation and water supply projects totaling over ₹3,000 crore, which will guarantee access to safe and clean drinking water in several communities throughout Bihar.

The Prime Minister started a 500 MWh Battery Energy Storage System (BESS) project as a significant step toward updating the state's energy infrastructure. These stand-alone units will be placed at 15 grid substations in places like Siwan, Bettiah, Motihari, and Muzaffarpur. It is anticipated that the BESS facilities, which have storage capacities ranging from 20 to 80 MWh, will assist power distribution firms in more effectively meeting peak demand and lowering procurement costs, both of which will eventually benefit customers.

More than 53,600 beneficiaries in Bihar received the first installment of the Pradhan Mantri Awas Yojana-U (PMAY-U) from PM Modi in the housing sector. In a Grih Pravesh ceremony, he also gave keys to a few chosen recipients, capping the completion of more than 6,600 new homes constructed under the scheme.

PM Modi is set to address at the G7 meeting as India's economy continues to grow.

New Delhi, June 17  In light of India's position as the world's fastest-growing economy and the only nation to achieve GDP growth of more than 6%, Prime Minister Narendra Modi will speak at the G7 advanced nations' outreach session the following Tuesday.

India has surpassed the other G7 nations in terms of economic growth, with a 6.2% GDP growth predicted for 2025, according to IMF data. The US is predicted to post a 1.8% growth rate, followed by Canada at 1.4% and the UK at 1.1%. Japan and France follow, both of which are expected to record 0.6 percent GDP growth. With a GDP increase of 0.4%, Italy is sixth among the G7 nations, while Germany is in last place with an economic growth of 0% predicted due to the global slowdown.

India's industrial growth rate of 5.9 percent for 2024 is also significantly higher than that of the other G7 nations, with Canada reporting a 1.2% increase in industrial production, followed by the US (0.9%), the UK (0.7%), France (0.5%), Italy (0.3%), Japan (0.2%), and Germany (-) 0.1% in industrial production.

In a similar way, Italy has the highest purchasing managers index number among the G7 (54.1), while India leads the group in the services sector with a score of 60.1.

France trails with a services PMI index of 50.1, followed by the UK (52.9), Germany (52.9), the US (51.4), Canada (51.1), and France (53.1). The crucial point on the PMI index that distinguishes expansion from contraction is 50.

Despite not being a permanent member of the G7 bloc, India has received multiple invitations to join the summit due to its increasing geopolitical and economic significance.

Prime Minister Modi arrived in Canada on Tuesday following his trip to Cyprus. He will meet with host Canadian Prime Minister Mark Carney and other G7 leaders in bilateral sessions. He is scheduled to leave on Tuesday night for a trip to Croatia.

A World Bank report states that during the course of 11 years, nearly 27 crore people in India were lifted out of extreme poverty.

269 million people left extreme poverty in India between 2011–12 and 2022–23, indicating the country's impressive development in this area. In 2022–2023 the severe poverty rate decreased from 27.1 percent in 2011–12 to just 5.3 percent, according to the most recent World Bank data.

Approximately 344.47 million Indians lived in extreme poverty in 2011–12. That figure dropped sharply to 75.24 million by 2022–2023. 

States like Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh, which collectively accounted for 65% of India's extreme poor in 2011–12, made significant contributions to this advancement. Over the last ten years, these states have helped reduce poverty by two-thirds.

India's poverty rate dropped from 16.2 percent in 2011 to just 2.3 percent in 2022 using the previous 2.15 dollar per day poverty limit, which was based on 2017 pricing. As a result, there are now 33.66 million people living in extreme poverty, down from 205.93 million. Living on less than $3.00 USD per day, adjusted for 2021 prices, is considered extreme poverty according to the World Bank.

Both rural and urban areas have seen a general decrease in poverty. Over the course of the 11-year period, urban poverty dropped from 10.7 percent to just 1.1 percent, while rural poverty dropped from 18.4 percent to 2.8 percent.

India has also made significant progress in lowering multidimensional poverty, which takes into account elements like standard of life, education, and health. From 53.8 percent in 2005–06 to 16.4 percent in 2019–21 and then to 15.5 percent in 2022–23, the Multidimensional Poverty Index fell.

Prime Minister Narendra Modi emphasized important programs like PM Awas Yojana, PM Ujjwala Yojana, Jan Dhan Yojana, and Ayushman Bharat that contributed to the drop in the poverty rate as the BJP-led NDA government celebrates 11 years in power. These programs have increased access to banking, healthcare, clean cooking fuel, and housing. More than 250 million people have been able to escape poverty thanks to the effective and transparent delivery of support made possible by Direct Benefit Transfers, digital inclusion, and better rural infrastructure.

The center approved ₹6,405 crore railway doubling projects to improve connectivity in seven districts.

On Wednesday, two railway multitracking projects totaling 318 kilometers in length were approved by the Union Cabinet Committee on Economic Affairs. It is anticipated that these initiatives, which span seven districts in Jharkhand, Karnataka, and Andhra Pradesh, will boost freight flow along crucial train lines, decrease traffic, and improve connectivity. It is projected that the initiatives will cost ₹6,405 crore in total.

The Koderma–Barkakana line, which runs 133 kilometers through a crucial coal-producing area of Jharkhand, will be doubled as part of the first project. Additionally, this route is an essential rail connection between Ranchi and Patna. The second project will quadruple the 185-kilometer distance between Ballari and Chikjajur, which will go through the districts of Anantapur in Andhra Pradesh and Ballari and Chitradurga in Karnataka. Bulk commodities like coal, iron ore, finished steel, cement, fertilizers, petroleum products, and agricultural products are all transported over these routes, which are important.

The Ministry of Railways says that the projects are intended to improve operating efficiency and dependability by doubling current single-line sections in order to alleviate capacity limitations. Increased passenger and freight traffic will also be supported by the new infrastructure, especially for vital commodities like coal, cement, fertilizers, petroleum products, and agricultural supplies.

It is anticipated that during development, the projects will directly employ almost 108 lakh people. The additional freight capacity, projected at 49 million tonnes annually, will assist lower logistical costs and oil imports by almost 52 crore litres, according to the Railway Ministry's economic and environmental effect projections. Additionally, it is anticipated that the initiatives will reduce carbon dioxide emissions by an estimated 264 crore kg, or the equivalent of growing 11 crore trees.

The two lines would improve access to over 1,408 villages, which together have a population of about 28.19 lakh. The projects are in line with the PM-Gati Shakti National Master Plan, which aims to promote integrated and seamless multi-modal connectivity, the Railway Ministry said.

The highest rail arch bridge in the world, the Chenab Bridge, is inaugurated by PM Modi in J&K.

The world's highest railway arch bridge, the Chenab Bridge, was inaugurated by Prime Minister Narendra Modi on Friday while he was in Jammu and Kashmir to kickstart a number of important infrastructure projects totaling ₹46,000 crore.

The 1,315-meter-long steel arch bridge, which rises 359 meters above the Chenab River, is designed to endure strong winds and seismic activity. It will cut down on the two to three-hour travel time between Jammu and Srinagar.

The Anji Bridge, India's first cable-stayed railway bridge built in one of the region's most difficult terrains, was also officially opened by PM Modi. 

Jammu and Kashmir Lieutenant Governor Manoj Sinha, Union Minister of State Jitendra Singh, Union Railways Minister Ashwini Vaishnaw, and Chief Minister Omar Abdullah attended the ceremony.

PM Modi examined the Chenab railway arch bridge and the project on-site before to the inauguration.  Additionally, he engaged with the Udhampur-Srinagar-Baramulla Rail Link (USBRL) construction workers, recognizing their contributions to the ambitious infrastructure project.

 PM Modi also inaugurated the Vande Bharat Express trains between Srinagar and Shri Mata Vaishno Devi Katra as part of his visit to J&K, enhancing connectivity for locals, visitors, and pilgrims.

The dedication of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) to the country is one of the visit's main highlights.  The project, which was constructed at an approximate cost of ₹43,780 crore and spans 272 km, consists of 943 bridges and 36 tunnels totaling 119 km, guaranteeing all-weather rail service to the Kashmir Valley.

 With an emphasis on increasing accessibility, fostering tourism, and creating jobs, these projects seek to greatly increase road and rail connectivity throughout the Union Territory.

PM Modi replied to Omar Abdullah, the head of the J&K National Conference, in a post on X on Thursday, stating: “In addition to being an extraordinary feat of architecture, the Chenab Rail Bridge will improve connectivity between Jammu and Srinagar. The Anji Bridge stands tall as India’s first cable-stayed rail bridge in a terrain that is challenging.”

He added: “The Udhampur-Srinagar-Baramulla Rail Link (USBRL) project ensures all weather connectivity and the Vande Bharat trains from Shri Mata Vaishno Devi Katra to Srinagar will boost spiritual tourism and create livelihood opportunities.”

 

PM Modi will also lay the groundwork and open a number of road infrastructure projects to enhance connectivity in the border and last mile in addition to the rail initiatives.  These include the Shopian bypass on NH-444 and the enlargement of the Rafiabad-Kupwara stretch on NH-701, both of which are projects valued at more over ₹1,952 crore.

 Two new flyovers will be inaugurated by the prime minister in Srinagar to relieve urban congestion: one at Bemina Junction on NH-44 and one at Sangrama Junction on NH-1.

The Shri Mata Vaishno Devi Institute of Medical Excellence in Katra will also have its foundation stone laid by PM Modi.  The ₹350 crore facility, which will be the first medical college in the Reasi district, would improve the area's medical services and infrastructure.

NPCI reports that UPI transactions have increased to 18.68 billion, up from 14.03 billion last year.

The value of UPI transactions increased by 5% last month, from Rs 23.95 lakh crore in April to Rs 25.14 lakh crore. This is an increase of 23% from Rs 20.45 lakh crore in May of the previous year. 602 million transactions were made on average each day, with an average daily transaction value of Rs 81,106 crore.

Following a strong recovery in April, the Unified Payments Interface (UPI) processed 18.68 billion transactions in May, up from 17.89 billion in April. UPI transactions have increased by 33% year over year (YoY) from 14.03 billion transactions in the same month previous year, according to data from the National Payments Corporation of India (NPCI).

Last month, UPI transactions reached Rs 25.14 lakh crore (by value), up 5% from Rs 23.95 lakh crore in April. From Rs 20.45 lakh crore in May of previous year, this is a 23% increase. The average daily transaction value was Rs 81,106 crore, and the average daily transaction volume was 602 million.

The UPI's share of the total transaction volume increased from 79.7% in the previous fiscal year to 83.7% in 2024–2025, strengthening its dominance as the dominant digital payments system in India. 

UPI facilitated 185.8 billion transactions in 2024–2025—a 41 percent rise from the previous year, according to the RBI’s annual report. Value-wise, UPI transactions increased from Rs 200 lakh crore in FY24 to Rs 261 lakh crore. ."The success of UPI placed India in a leadership position with a share of 48.5 per cent in global real-time payments by volume,” the RBI said.

The total amount of digital payments made in the country, including those made through card networks, payment systems, and prepaid payment instruments (PPIs), increased by 35% from 164.4 billion in FY24 to 221.9 billion in FY25.

The total value of digital payments increased 17.97% to Rs 2,862 lakh crore. Additionally, the RBI stated that it is still dedicated to expanding UPI to 20 nations by 2028–2029.

 Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the United Arab Emirates have already made it possible for Indian tourists, students, and business travelers to use their domestic UPI apps to make merchant payments through QR codes.

India is now the world leader in locomotive manufacture, surpassing both the US and Europe.

According to a statement released by the ministry of railways, India has become a global leader in the construction of railway locomotives, as it manufactured a record 1,681 locomotives in the fiscal year 2024–2025.

The statement went on to say that this milestone confirms India's increasing supremacy in the global railway industry by surpassing the combined locomotive production of regions including the US, Europe, South America, Africa, and Australia.

The milestone was reached by Indian Railways' locomotive manufacturing units, which produced 1,681 locomotives across multiple categories in 2024–2025. This represents a 19% increase of 209 locomotives above the 1,472 manufactured in 2023–2024.

This record-breaking production is the country's highest for locomotive manufacturing, and it reflects the significant achievements of all units in improving railway capacity and infrastructure.

The "Make in India" initiative has been strengthened by strategic initiatives, which have led to the ongoing increase in locomotive manufacture, the statement stated.

India produced 4,695 locomotives in total between 2004 and 2014, with an average of 470 each year nationwide.  According to the statement, locomotive manufacture had a notable uptick from 2014 to 2024, producing 9,168 units, increasing the yearly average to about 917.

Patiala Locomotive Works provided 304 locomotives, Madhepura and Marhowrah units produced 100 locomotives each, Banaras Locomotive Works produced 477, and Chittaranjan Locomotive Works produced 700 of the total locomotives built in 2024–25.

Locomotive production in the nation was mostly focused on freight trains. 100 WAG-12B locomotives, 100 WDG 4G/6G locomotives, 2 WAP-5 locomotives, 272 WAP-7 locomotives, 5 NRC locomotives, 148 WAG-9 Twin locomotives, 1047 WAG-9/9H locomotives, and 7 WAG-9HH locomotives were therefore included.