May 23, 2025
Apple supplier Foxconn is pressing ahead with its massive expansion in India, investing $1.5 billion in its local operations
Apple manufactured approximately $22 billion worth of iPhones in India in the year ending March 2025
Foxconn plans to produce 25-30 million iPhones at its India plants in 2025, more than doubling last year's output
India’s organised sector added 1.45 million net to its formal jobs in March 2025, marking a 1.15% rise during the same month last year: Ministry of labour and employment
In March 2025, around 0.75 million new subscribers joined the EPFO, up 2.03% from February and 0.98% higher than in March 2024: Ministry of labour and employment
The growth in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs
May 23, 2025
PM Modi virtually inaugurated the newly redeveloped Govardhan railway station on 22 May under the Amrit Bharat Station Scheme, marking a significant milestone for the region
Govardhan now boasts a modern station that reflects both cultural heritage and improved infrastructure. Locals have expressed immense gratitude to PM Modi for this historic development
The Govardhan railway station, now equipped with state-of-the-art facilities, has been redeveloped at a cost of Rs 16.34 crore
May 23, 2025
When sindoor becomes barood , the result is for world and our enemies to see: PM Modi
PM Modi said it was is due to the courage of the Indian Armed Forces that we stand strong today
India has made it clear, Pakistan Army and its economy will have to pay heavy price for every terrorist attack: PM Modi
May 23, 2025
India’s economy continued to shine in May with the business activity index or Composite PMI climbing to a 13-month high of 61.2: HSBC
India has been one of the better performing economies in the world after US President Trump unleashed higher tariffs on imports, with the Purchasing Managers’ inching higher
Order books were supported by strengthening international demand for Indian goods and services, with the private sector registering the fastest rate of increase in exports in a year: HSBC
There is a strong association between foreign tourist arrivals and their travel search volume index to India as inbound tourism is emerging as one of the key economic growth drivers: RBI
Travel and tourism created 76.17 million jobs in 2022-23, which is 12.57 per cent of total jobs created during the same period: RBI
The foreign exchange earnings from the tourism industry for 2023 reached ₹2.32 trillion, marking an increase of over 66% compared to 2022: RBI
May 23, 2025
The Centre has approved products made by 3 more companies—Pinnacle Mobility, Varroc Engineering, and Napino Auto and Electronics—under its flagship PLI scheme: Data
The recent acceleration in PLI-Auto approvals marks a calibrated push towards reshaping India’s role in the global EV and auto component value chain: Randheer Singh, former director, Niti Aayog
The PLI scheme caters to both incumbent auto firms and new entrants from other sectors
Fitch Ratings revised India’s medium-term GDP growth potential till FY2026 upwards to 6.4%, from its earlier projection of 6.2%
Fitch Ratings has maintained its lower growth projection for China at 4.6% due to weaker capital deepening
Fitch Ratings anticipates India’s labour force participation rate will continue to increase
May 23, 2025
PM Modi asserted, “April 22 Pahalgam terror attack was avenged in 22 minutes by India”
Pakistan’s army and economy will have to pay for every terror attack: PM Modi
All three forces created such a ‘chakravyuh‘ that Pakistan was brought to its knees: PM Modi
PM Modi declared that "not blood, but sindoor flows through my veins" and warned that India’s enemies now know what happens when "sindoor turns into gunpowder”
Pakistan forgot one thing, now Modi, the servant of Mother India, stands here firmly: PM Modi
PM Modi asserted that Pakistan can never win a direct war against India, and that is why it resorts to terrorism
India’s permanent mission to the UN hosted a special event to mark International Tea Day, focusing on how tea contributes to economic empowerment, employment, and SDGs
India’s tea industry is more than a source of trade and taste—it is a foundation for rural jobs and women’s empowerment: India’s UN ambassador Parvathaneni Harish
The tea industry supports over 10 million livelihoods and directly employs 1.5 million people, most of them women: India’s UN ambassador Parvathaneni Harish
The Indian delegations on Operation Sindoor to Japan and the UAE briefed officials in both countries
Multi-party teams have been sent from India to 33 nations to highlight terrorism emanating from Pakistan
India’s international outreach aims to build pressure on Pakistan and gather global backing to isolate terror networks
Terrorism is an enemy of humanity, wise people should rise and speak against it: Ali Rashid Al Nuaimi, Chairman of the Defence Affairs, UAE
The UAE has reaffirmed its unwavering support for India in the global fight against terrorism
We are already cooperating with India on efforts to fight terrorism, the security of Indian nationals is non-negotiable: UAE leader
India's economy is resilient amid global uncertainties, said the RBI in its monthly bulletin release
India is projected to surpass Japan this year and to become the world's fourth-largest economy: RBI bulletin
India’s economy remains anchored by a stable foundation—monetary, financial and political stability, consistent policies, a business-friendly environment, and solid macro fundamentals
India today shines as a beacon of stability and opportunity in the global economy: NSE MD Ashishkumar Chauhan
India stands out as one of the fastest-growing major economies, with GDP growth projected at 6.2% in FY26 and 6.3% in FY27: NSE MD Ashishkumar Chauhan
India is set to surpass Japan in 2025 to become the world’s fourth-largest economy, rising from the 13th place at the start of the century: NSE MD Ashishkumar Chauhan
The U.S. was the top destination for Indian engineering exports in April with shipments of worth $1.66 billion of a total of $9.51 billion of such exports: EEPC India
India’s export of iron and steel to the U.S. saw 343 % growth last month compared with April 2024 and iron and steel products exported to the U.S. registered an 11 % increase: EEPC India
Industrial machinery exports by India to the U.S. grew 16%, electrical machinery and components 11 %, non-ferrous metals 6% and auto component exports 1%: EEPC India
May 23, 2025
The rise in farm-sector shipments were driven primarily by a sharp increase in exports of rice, meat and fruits and vegetables in April 2025
The rice exports, including basmati and non-basmati varieties, rose by over 13% to $ 1.08 billion in April, 2025 compared to previous year
India’s dominance in global rice trade has been restored with a spike in shipments, especially to Africa and Southeast Asian countries. India has been the largest exporter of rice for a decade now
Veteran actor Mukesh Khanna lauded the central government and the armed forces for Operation Sindoor and said that "India is answering very well"
Operation Sindoor initiated on May 7, showcased a calibrated, tri-services response that embodied precision, professionalism, and purpose
Indian Armed Forces targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, leading to the elimination of over 100 terrorists
Actress Kajol has expressed deep respect for India's armed forces in the wake of Operation Sindoor, the country's recent counter-terror campaign launched in response to the 'barbaric' Pahalgam attack
I respect the armed forces and I thank them for all of their service to the country: Actress Kajol
The Indian armed forces were given complete autonomy during the operation, leading to coordinated action that forced Pakistan to "bend to its knees.": PM Modi
PM Modi visited the Karni Mata Temple in Rajasthan’s Bikaner where he offered prayers and sought blessings for the “well-being of the nation"
PM Modi inaugurated the newly redeveloped Deshnoke railway station in Bikaner, designed to reflect the architecture of the Karni Mata temple
PM Modi flagged off the Bikaner-Mumbai Express from Deshnoke and laid the foundation stone and dedicated several development projects worth over Rs 26,000 crore to the nation
Danish toymaker The Lego Group expects strong growth in India, driven by the country's vast population of young children
We’ve seen Lego love grow not just among kids, but also parents and adults in recent years. India has the largest population of young children globally, and we want to build on that: Lego India
A 2024 note by Exim Bank valued the Indian toy market at $1.5 billion in 2022 and projected it to reach $3 billion by 2028, expanding at a CAGR of 12% between 2023 and 2028
Britain signed a deal to transfer sovereignty of the Chagos Archipelago to Mauritius. The Prime Minister of Mauritius expressed gratitude to India and PM Modi for their support
After 60 years, Britain handed over the Chagos Archipelago to Mauritius. PM Modi played a highly decisive role in this deal
Britain decided to remove its control over the Chagos Archipelago. Mauritius was given back its historic land
The Union government has ramped up its investment in cybersecurity projects, including situational awareness and threat detection — Rs 782 crore this year, up from Rs 120 crore in 2019-20
India’s cybersecurity and defense architecture stepped up to the plate effectively, preventing disruptions to online societal and financial functions
The establishment of the office of the NCSC which advises the PMO and NSA marked the recognition of cyber resilience as a key strategic priority
The Indian economy is exhibiting resilience even after high trade and tariff-related uncertainty: RBI
The optimism on domestic growth, along with the news of a temporary freeze on tariff measures by the US, led to a significant recovery of financial markets by mid-April: RBI
Various high frequency indicators of industrial and services sectors sustained their momentum in April: RBI
The EPFO which manages retirement savings for salaried employees, reported a net addition of 1.46 million subscribers in March: Data
The EPFO recorded 754,000 new member enrollments in March: Data
Subscribers aged 18-25 dominated new enrollments in EPFO with 445,000 added in March
Corporate investment saw a steady rise in 2024-25, driven largely by infrastructure-intensive sectors, according to a report
Gross fixed assets—including capital work in progress—rose to ₹28.50 trillion: Report
Refineries accounted for the largest share of fixed assets at 31%, followed by telecom services (8.6%) and many more
May 22, 2025
India is better positioned than many other emerging markets to deal with US tariffs and global trade disruptions: Moody’s Ratings
India-made goods exports might even benefit from higher U.S. demand if trade negotiations result in lower U.S. tariffs on India: Moody’s Ratings
India’s service sector exports are likely to continue growing strongly as they are not directly involved in the global trade uncertainty: Moody’s Ratings
Chhattisgarh District Reserve Guards forces killed the biggest Maoist commander Basvaraju in forests of Abujhmarh in Bastar region
After completion of Operation Black Forest, 54 Naxalites have been arrested and 84 Naxalites have surrendered: Union Minister Amit Shah
The Modi government is resolved to eliminate Naxalism before the 31st of March 2026: Union Home Minister Amit Shah
May 22, 2025
India's Asiatic lion population has increased by over a third to 891, according to a five-yearly census
The Asiatic Lion is now reduced to an isolated population in a wildlife sanctuary in India's western state of Gujarat
The Asiatic lion population, which was 304 in 1995, has increased steadily over the past three decades: Gujarat CM Bhupendra Patel
PM Modi hailed security forces for neutralising 27 dreaded Naxalites in an operation that was undertaken in Chhattisgarh
PM Modi said his government was "committed to eliminating the menace of Maoism"
Nambala Keshav Rao, alias Basavaraju of CPI-Maoist, who was the topmost leader and the backbone of the Naxal movement, was eliminated by the forces: Amit Shah
May 22, 2025
The Indian economy is projected to expand by 7.2% in the fourth quarter of FY25: Barclays
The agriculture sector is expected to show improvement in Q4, with the gross value added (GVA) rising to 5.8%: Barclays
Nomura projected GDP growth of 6.7% in Q4, citing moderation in private consumption, fixed investment and exports
May 22, 2025
Morgan Stanley modestly upgraded its forecast for the Indian economy to 6.2% year-on-year for financial year 2026
Domestic demand trends will be the key driver of India's growth momentum amid lingering uncertainty on the external front: Morgan Stanley
Policy support from the government is likely to continue and it will boost domestic demand and growth: Morgan Stanley
India may soon award a complete signalling and telecommunication system contract for its proposed bullet train project to vendors offering European technology
In parallel, talks with Japanese companies are continuing on the supply of Shinkansen trainsets
Besides Japanese firms, the government has tasked Integral Coach Factory with developing a bullet train capable of reaching speeds of up to 280 kmph
In an interview Lt Gen Sumer Ivan D’Cunha said just weeks before the India-Pak near-war, the Army had conducted a border exercise
Weeks before the Ind - Pak near war, a border exercise involved neutralising a very large number of drones: Lt Gen Sumer Ivan D’Cunha
India’s decision to retain and upgrade its gun-based air defence system proved to be a strategic advantage: Lt Gen Sumer Ivan D’Cunha
May 22, 2025
The battle of minds is now more urgent than the battle of missiles. Geopolitical alignments are shifting rapidly, and India must not only respond but prepare to lead
India has far more to lose in a prolonged war – economically, diplomatically, globally. That’s not a weakness; it’s the burden of scale. Restraint, in this context, is strategy
A cessation of kinetic action doesn’t mean other actions have stopped. India’s response has been multi-dimensional
May 22, 2025
Indian airlines flew 143.6 lakh passengers on domestic routes in April, 8.45% more as compared to the year-ago period, amid rising air traffic demand: DGCA
Passengers carried by domestic airlines during January-April 2025 were 575.13 lakh as against 523.46 lakh during January-April 2024 thereby registering an annual growth of 9.87%: DGCA
In terms of domestic market share, IndiGo topped the list with 64.1% of the pie, followed by Air India Group (27.2%), Akasa Air (5%) and SpiceJet (2.6%): DGCA
May 22, 2025
PM Modi will inaugurate 103 Amrit Bharat Stations from Bikaner, Rajasthan, as part of a national railway redevelopment initiative
The 103 Amrit Bharat Stations are located across 86 districts in 18 states and Union Territories, including Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, and J&K
The Amrit Bharat Station Scheme aims to modernise over 1,300 railway stations in India to make them smart, inclusive, accessible, and culturally significant
May 22, 2025
Foxconn is investing $2.56 billion in its Devanahalli plant, aiming to produce 100,000 iPhones by December
Devanahalli plant facility will prioritize housing for its predominantly female workforce, with dorms accommodating 30,000 employees
Foxconn is planning to produce 25–30 million iPhones at its India plants in 2025, more than twice the number it made in the country last year: Report
Between January and May 2025, 85 companies filed their DRHPs with the Securities and Exchange Board of India (SEBI), the highest tally for this period in over a decade
The filing of draft red herring prospectuses (DRHPs) has remained resilient in 2025, reflecting continued optimism in the initial public offering (IPO) market
Looking ahead, market participants expect both the filing and launch pipeline to remain active, as macro headwinds recede and signs of a rebound in IPO activity begin to emerge
India’s economy continues to display resilience, with GDP growth for the fourth quarter of FY25 projected to be in the range of 6.4% to 6.5%: SBI
The government has set an ambitious foodgrain production target of 354.64 million tonnes for the 2025–26 crop year, up from 341.55 million tonnes targeted for 2024–25: Report
IMD has predicted an early onset of the southwest monsoon, likely within the next few days. An early and strong monsoon could significantly boost agricultural output
May 22, 2025
Tractor ownership in UP registered a jump of over 62% — from 88,000 in 2016–17 to 1,42,200 in 2024–25
The current financial year is expected to witness a record-breaking sale of 10 lakh tractors—marking the highest ever annual tractor sales in India: Report
UP CM Yogi Adityanath has repeatedly emphasized that the interests of farmers are a top priority for his govt. He envisions Uttar Pradesh as the "food basket of the country”
India’s recent free trade agreement with the UK will help Jaguar Land Rover (JLR) offer imported models to Indian consumers: Expert
Sales at JLR India have been on an upswing in the recent past. The automaker clocked a 40% surge in retail sales at 6,183 cars in FY25—the highest in its 17-year operations in the country
India currently levies 110% duty on all fully-built imported cars. Under the FTA, import duties on UK-built models will be reduced, in a staggered manner, over the next few years
The Spices Board has announced the launch of the “Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)” scheme
SPICED scheme offers financial assistance across various components, aiming to enhance sustainability, foster innovation, and promote export development in the Indian spices sector
SPICED scheme provides financial assistance to farmers and FPOS to procure essential post-harvest machines such as spice polishers, turmeric boilers, mint distillation units, and threshing machines
May 22, 2025
India’s food processing sector is emerging as a key pillar of economic growth, contributing 7.7% to the country’s total manufacturing GVA and supporting over 7 million jobs: Deloitte-FICCI Report
India’s agri and food processing sector is on the brink of a transformative leap, where tradition meets cutting-edge technology to build a future-ready food ecosystem: Expert
India's food processing sector holds immense transformative potential, both as a driver of economic growth and as a catalyst for inclusive development: Expert
Dell’s Vivek Mohindra praised India’s “phenomenal” progress in AI skilling
Dell projected the global AI market to reach $295 billion by 2027
India emerged as a global AI talent hub, backed by a vast developer base, strong government skilling initiatives, and Dell’s push for AI-ready infrastructure
PM Modi’s Make in India initiative transformed India’s defence sector from one of the world’s largest importers to a growing hub of indigenous military production
The government raised the FDI cap in defence from 26% to 74% via the automatic route and allowed up to 100% with approval, encouraging global collaboration
The Ministry of Defence banned imports of over 4,000 weapons and components, directly boosting local manufacturing and innovation
India is fast emerging as a global manufacturing hub, drawing unprecedented global investments and strategic attention
The manufacturing sector contributes 17% to India’s GDP and employs over 27.3 million people, making it a core driver of economic growth
The government aims to increase manufacturing’s share in GDP to 25% by 2025 through key reforms and focused programmes
The UK government said trade with India will become quicker, cheaper, and easier after the signing of the Free Trade Agreement (FTA)
The FTA is expected to significantly boost UK exports in sectors like whisky, gin, cosmetics, medical devices, and advanced machinery
The Department for Business and Trade sees the FTA as a major step in strengthening UK-India trade ties in the post-Brexit era
WHO Chief Tedros praised PM Modi for virtually joining the 78th World Health Assembly where the historic Pandemic Accord was unanimously adopted
PM Modi reaffirmed India’s commitment to global health, emphasizing inclusion, integrated vision, and collaboration for pandemic preparedness
PM Modi highlighted India’s scalable, replicable health solutions for the Global South and aligned his remarks with the session's theme, “One World for Health"
Operation Sindoor marked a historic shift as India conducted cross-border air strikes after the Pahalgam attack
Operation Sindoor signals the rules of the game are set to change, making Pakistan’s proxy war a cost-prohibitive proposition
The four-day standoff concluded with Pakistan seeking a ceasefire, affirming India’s enhanced deterrence posture and commitment to safeguarding national security