Prime Minister Narendra Modi has urged worldwide content makers and investors to discover India as a hub for creativity, innovation, and narrative. Speaking at the first World Audio Visual & Entertainment Summit (WAVES) in Mumbai, he emphasised India's growing status as a global economic and creative powerhouse. PM Modi emphasised that India is rapidly moving towards becoming the world's third-largest economy and has the third-largest startup ecosystem. He identified India's expanding "orange economy"—the creative sector that includes content production and related investments—a
India has officially launched the India Gaming Report 2025, a comprehensive study co-created by WinZO and the Interactive Entertainment and Innovation Council (IEIC). By 2034, the research predicts that India's gaming industry will be worth USD 60 billion. Currently valued at USD 3.7 billion in 2024, the market is anticipated to increase at a CAGR of 19.6%, hitting USD 9.1 billion by 2029. India is home to 1,888 gaming enterprises and employs over 130,000 experts. With approximately 600 million users currently, the gaming audience is predicted to expand to 952 million in the next five year
According to a new analysis by think tank Climate Risks Horizon, India could save roughly $66 billion in foreign cash by eliminating thermal coal imports by 2029. According to the analysis, if India can add 50 gigawatts of renewable energy capacity each year, it will be able to drastically reduce its dependence on coal and increase its economic stability. The expansion of renewable energy could save the country approximately $173 billion between 2025 and 2034. This would also reduce strain on India's energy sector and aid to safeguard foreign exchange reserves. India's electrical sector
This April, India's private sector experienced its fastest growth rate in eight months, fuelled by a significant increase in demand and a sharp rise in overseas orders for manufactured goods. The HSBC Flash India Composite Purchasing Managers' Index (PMI), reported by S&P Global, increased to 60.0 in April from 59.5 in March. This represents the strongest growth in manufacturing and services since August. Manufacturing growth stood out, with a PMI of 58.4—the highest level in a year—up from 58.1. The services sector also fared well, with a four-month high PMI of 59.1, up from 58.5.
Argentina's economic activity increased by 5.7% in February 2025, the highest monthly gain in recent years. This large increase occurs at a time when structural reforms, increased investor confidence, and international backing are bearing fruit. The spike is largely due to a $20 billion IMF accord signed in April, with an initial $12 billion tranche to strengthen foreign reserves. Key measures included in the pact, like as budgetary discipline and a flexible exchange rate regime, have helped to calm markets. Agriculture and mining were key drivers of February's development. Export incentiv
Prime Minister Narendra Modi praised the inauguration of Amravati Airport, calling it an important milestone for Maharashtra. Taking to social media, he welcomed the new airport as "great news" for the Vidarbha area, emphasising its potential to promote regional connections and business. Several senior leaders attended the opening ceremony, including Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu. According to Chief Minister Fadnavis, Amravati's advanced airport and pilot trai
Saudi Arabia, the world's top oil supplier, has cut crude prices for Asian buyers to near-four-year lows, fuelling speculation that it is attempting to reclaim market dominance. The decision follows OPEC+'s recent decision to accelerate oil output increases. Saudi Aramco, the state-owned oil company, reduced the official selling price for Arab Light crude in May by $2.30 per barrel, putting it $1.20 higher than the averages in Oman and Dubai. This is the steepest price decline in more than two years, and The action followed OPEC+'s surprising decision to increase oil output by 411,000 b
India’s Goods and Services Tax (GST) revenue grew by 9.9% in March, reaching ₹1.96 lakh crore, marking the second-highest monthly collection. The finance ministry reported an 8.8% increase in GST revenue from domestic transactions, amounting to ₹1.49 lakh crore, while GST on imports rose 13.5% to ₹46,919 crore. The total GST collection included ₹38,145 crore from Central GST, ₹49,891 crore from State GST, and ₹95,853 crore from Integrated GST. Cess collections stood at ₹12,253 crore. Refunds rose significantly, reaching ₹19,615 crore, leading to a net GST revenue of over
On Sunday, Prime Minister Narendra Modi inaugurated and laid the foundations for numerous infrastructure projects, totalling Rs 33,700 crore in Chhattisgarh, to improve connectivity, economic growth, and living standards. PM Modi laid the foundations for seven railway projects covering 108 kilometres and inaugurated three railway projects totalling 111 km, worth more than Rs 2,690 crore. He launched the MEMU train service from Abhanpur to Raipur and pledged to electrify all railways in Chhattisgarh to reduce congestion and boost economic prospects. In the energy sector, he launched NTPC
The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE Dirham, a crucial step towards increasing the currency's worldwide recognition. According to the CBUAE, the use of the new symbol is consistent with efforts to establish the Dirham as an international currency. The new symbol is based on the English term for the Dirham and contains two horizontal lines to reflect the currency's stability. The design is also influenced by the UAE flag, which emphasises the country's commitment to financial and monetary security. In addition to introducing the new symbol, the CBUAE