economic growth
India's Wedding Season Set to Boost Economy with Rs 6.5 Lakh Crore and 1 Crore Jobs
Oct 30, 2025 10:32 pm CST
India's upcoming 45-day wedding season starting November 1 is projected to generate Rs 6.5 lakh crore from 46 lakh weddings, creating over 1 crore temporary jobs. With Delhi contributing Rs 1.8 lakh crore, the season highlights a significant shift toward locally-made products, with over 70% of wedding purchases now being Indian-made. The jewellery sector leads with a 15% contribution to this economic activity.
India's Services Sector Employment at 30%: Challenges and Opportunities for Growth Beyond Global Averages
Oct 29, 2025 02:06 am CST
NITI Aayog's comprehensive report reveals India's services sector employs 30% of the workforce, below the global average of 50%, despite creating 40 million jobs in six years. While contributing over half of national output, the sector faces challenges including widespread informality, gender disparities, and regional imbalances. The analysis provides a four-part policy framework focused on formalization, digital access, skills development, and balanced regional growth to address the disconnect between economic contribution and employment quality.
Chhath Puja 2025 Expected to Generate Rs 38,000 Crore in Economic Activity Across India: CAIT Report
Oct 24, 2025 02:55 pm CST
The Chhath Puja festival celebrating the Sun God is projected to boost India's economy by Rs 38,000 crore in 2025, a 22.58% increase from previous years. With 150 million participants nationwide, this once-regional festival has become a major national celebration supporting local traders and artisans while promoting traditional values. Delhi alone expects Rs 6,000 crore in festival-related commerce, with decorated ghats welcoming thousands of devotees across the capital.
PM Modi Declares End of "Silent India" Era: Highlights Operation Sindoor as Decisive Response to Terrorism
Oct 17, 2025 11:36 pm CST
Prime Minister Narendra Modi asserts India's proactive stance against terrorism through Operation Sindoor and other military actions, while highlighting the nation's economic resilience with 7.8% growth despite global challenges, speaking at the NDTV World Summit 2025 alongside international leaders and cultural figures.
Nobel Economist Peter Howitt Warns of AI's Dual Impact on Employment and Innovation
Oct 14, 2025 07:08 am CST
Nobel Prize winner Peter Howitt cautions that artificial intelligence requires regulation despite its revolutionary potential, highlighting the economic theory of "creative destruction" where technological advancement simultaneously creates opportunities and eliminates jobs. Fellow laureates Philippe Aghion and Joel Mokyr offer complementary perspectives on how emerging technologies reshape labor markets and drive sustained economic growth.
India-EFTA Trade Agreement: $100 Billion Investment and One Million Jobs Through Historic European Partnership
Oct 12, 2025 02:39 am CST
India's landmark Trade and Economic Partnership Agreement with four European Free Trade Association countries has come into effect, promising $100 billion in investments and one million direct jobs over 15 years. This historic agreement provides balanced market access, supports key economic sectors, and establishes India's first FTA with binding investment and job creation commitments.
NDTV Profit IGNITE Diwali Edition: Illuminating Financial Pathways for Samvat 2082 with India's Top Market Experts
Oct 10, 2025 11:11 am CST
NDTV Profit's flagship thought leadership platform IGNITE returns with a special Diwali Edition to welcome Samvat 2082. This prestigious event brings together India's most influential minds in finance, business, and entertainment to explore market strategies, AI in trading, wealth creation through SIPs, and economic growth opportunities that will shape India's financial landscape in the coming year.
India-UK Free Trade Agreement: Boosting MSMEs, Creating Jobs and Doubling Bilateral Trade by 2030
Oct 09, 2025 06:49 pm CST
Prime Minister Narendra Modi and British PM Keir Starmer discussed the newly signed India-UK Comprehensive Economic and Trade Agreement (CETA), which aims to boost MSMEs, create jobs, and double bilateral trade from the current $56 billion before 2030. The agreement will enhance market access, reduce tariffs, and bring nine UK universities to India, demonstrating both nations' commitment to strengthening economic and educational partnerships during global uncertainty.
Scotch Whisky Industry Set to Flourish as UK PM Starmer Makes Official India Visit to Implement Landmark Trade Deal
Oct 08, 2025 12:36 pm CST
British Prime Minister Keir Starmer's two-day visit to India focuses on implementing the recently signed India-UK Free Trade Agreement, with the Scotch whisky industry positioned as a major beneficiary. The trade deal is expected to boost whisky exports to India by £1 billion annually, create over 1,000 UK jobs, and contribute £190 million yearly to the Scottish economy once the CETA agreement is fully ratified by British Parliament in 2025.
Electric Vehicles to Reach Price Parity with Petrol Vehicles in India Within 6 Months: Nitin Gadkari Announces
Oct 07, 2025 12:29 am CST
India's Union Road Transport Minister Nitin Gadkari announces electric vehicles will cost the same as petrol vehicles within 4-6 months, highlighting India's ambitious plans to reduce fossil fuel dependence and become the world's leading automobile manufacturer within five years, while also introducing innovative waste management and emphasizing the importance of education and skills development.