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India rapidly moving towards becoming world's third-largest economy: PM Modi

India rapidly moving towards becoming world's third-largest economy: PM Modi

At the 16th Rozgar Mela, PM Modi said India is close to becoming the world’s third-largest economy. He announced a Rs 1 lakh crore scheme to support first-time private sector jobs and highlighted employment boosts from PLI, Make in India, and welfare schemes. He noted major growth in electronics and defence manufacturing sectors.

14 July,2025 10:16 AM IST | New Delhi | mid-day online correspondent
India's GDP might get a hit as Israel-Iran conflict pushes crude oil prices rise

India's GDP might get a hit as Israel-Iran conflict pushes crude oil prices rise

India’s economy is at risk as the Israel-Iran conflict drives crude oil prices up. ICRA warns a fair increase could cost India $13-14 billion in oil imports, widen the CAD, and inflate WPI sharply. The closure threat to the SoH crucial for 50% of India's crude, which could escalate energy costs and weaken the rupee further in FY2026.

23 June,2025 02:57 PM IST | New Delhi | mid-day online correspondent
Nifty, Sensex slip at open as Trump doubles steel tariffs, despite strong GDP

Nifty, Sensex slip at open as Trump doubles steel tariffs, despite strong GDP

The Nifty 50 index opened at 24,669.70, registering a decline of 81.00 points or 0.33 per cent. Similarly, the BSE Sensex also opened lower at 81,214.42, down by 236.59 points or 0.29 per cent. The indices decline further in early trade

02 June,2025 10:48 AM IST | Mumbai | mid-day online correspondent
Just 7 districts in Maharashtra account for 54 per cent of GSDP: Govt report

Just 7 districts in Maharashtra account for 54 per cent of GSDP: Govt report

These seven districts, where economic activities are largely concentrated in the state, which is considered an economic powerhouse in the country, include two districts of Mumbai, Pune and Nagpur

24 May,2025 11:49 AM IST | Mumbai | mid-day online correspondent

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