Tamil Nadu has achieved a significant economic milestone, becoming the second Indian state after Maharashtra to cross $400 billion in Gross State Domestic Product (GSDP). This feat highlights India's expanding economic momentum and the strength of its regional economies. With a GSDP of ₹31.55 lakh crore, Tamil Nadu's focus on industrialisation, innovation, and infrastructure has made it a vital driver of India's economic success. The state has developed into a manufacturing and automotive powerhouse, attracting both domestic and international investment. Its diverse economy, proactive go
Japanese investors significantly increased their overseas equities purchases in April, investing a net 3.27 trillion yen ($22.37 billion) in international stocks, the largest monthly total since at least 2005. This spike was fuelled by global market volatility, especially as a result of US tariffs, triggering a shift away from bonds and deliberate portfolio rebalancing. In contrast, 1.08 trillion yen were withdrawn from international bond markets. Institutional investors withdrew 1.99 trillion yen from long-term debt securities, while a smaller 906.3 billion yen went to short-term instrume
On Sunday, Defence Minister Rajnath Singh virtually inaugurated a cutting-edge BrahMos missile production facility at the Uttar Pradesh Defence Industrial Corridor in Lucknow. The ₹300 crore factory aims to produce 80-100 supersonic cruise missiles yearly. This development coincides with increased security concerns and strategic realignments in the region. The BrahMos missile, developed jointly by India's DRDO and Russia's NPO Mashinostroyeniya under BrahMos Aerospace, has a range of 290 to 400 kilometres and a top speed of Mach 2.8. The missile is designed for high precision, with a "fi
The Union Cabinet authorised a ₹60,000 crore project to upgrade more than 1,000 government-run Industrial Training Institutes (ITIS) across India. The effort aims to address the growing gap between industry requirements and workforce capabilities in rapidly growing areas. The national and state governments will jointly fund the project, alongside contributions from the private sector. The Centre will fund ₹30,000 crore, while state governments would pay ₹20,000 crore. Industry partners plan to contribute ₹10,000 crore. International financial institutions, including the World Bank
The United Arab Emirates has officially joined the expanding list of international supporters of the $25 billion Nigeria-Morocco gas pipeline, strengthening its involvement in major energy infrastructure projects throughout Africa. Leila Benali, Moroccan Minister of Energy, has revealed that the UAE is one of the major contributors to the enormous pipeline development. The Islamic Development Bank (IDB), OPEC Fund, and European Investment Bank (EIB) all support the ambitious initiative. The gas pipeline is intended to stretch across 15 African countries, with Morocco playing a key role in
India is expected to become the world's fourth-largest economy by 2025, surpassing Japan for the first time. This development is based on the International Monetary Fund's current World Economic Outlook, which was released in April 2025. The IMF expects India's nominal GDP to be $4,187.017 billion in FY26, slightly ahead of Japan's anticipated $4,186.431 billion. Until 2024, India was ranked fifth worldwide. This breakthrough is a significant milestone in the country's economic development. According to the analysis, India will continue its rising trend, potentially surpassing Germany to o
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.