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India’s GST cut on nearly 400 products fueled an 8.5% rise in festive spending from September 22 to October 21, totaling ₹6 trillion. Strong sales of cars, jewelry, and appliances signaled revived consumer demand. Automakers led gains, with Hyundai, Tata, and Mahindra reporting record sales. While economists caution about pent-up demand and economic headwinds, businesses remain optimistic that India’s consumption momentum will stay strong into early 2025.

India’s Tax Cuts Ignite Festive Shopping Frenzy, Powering Economic Optimism

India’s GST cut on nearly 400 products fueled an 8.5% rise in festive spending from September 22 to October 21, totaling ₹6 trillion.

India’s women cricketers achieved a historic World Cup triumph over South Africa, marking a watershed moment akin to the men’s 1983 victory. Overcoming early setbacks, the team displayed remarkable resilience, unity, and individual brilliance from stars like Harmanpreet Kaur, Jemimah Rodrigues, Shafali Verma, and Deepti Sharma. Their success, supported by growing institutional backing and the Women’s Premier League, promises to inspire future generations of female athletes across all sports in India.

A Game-Changing Victory: India’s Women Cricketers Redefined the Spirit of the Game

India’s women cricketers achieved a historic World Cup triumph over South Africa, marking a watershed moment akin to the men’s 1983 victory.

China is developing a revolutionary cargo ship powered by a thorium molten salt reactor, offering safer, more efficient, and eco‑friendly nuclear propulsion. The 200‑megawatt system drives a supercritical CO₂ generator, supplying 50 MW of power for long voyages without refueling. With inherent safety, modular design, and up to 50% efficiency, the project could transform global shipping—though high costs mean government support may be essential for widespread adoption.

China’s Bold Leap Toward Nuclear-Powered Shipping: Inside the Thorium Revolution at Sea

China is developing a revolutionary cargo ship powered by a thorium molten salt reactor, offering safer, more efficient, and eco‑friendly nuclear propulsion.

India is poised to become a $10 trillion economy by 2040, emerging as the world’s third largest, according to DBS Bank’s Radhika Rao. The transformation hinges on four pillars—the 4Ds: Development, Diversification, Digitalisation, and Decarbonisation. These focus on infrastructure, trade expansion, technological innovation, and green growth. Together, they outline a roadmap for India’s sustainable rise toward Viksit Bharat (Developed India) by 2047.

India’s Economic Crossroads: The Four Pillars Driving a $10 Trillion Future

India is poised to become a $10 trillion economy by 2040, emerging as the world’s third largest, according to DBS Bank’s Radhika Rao.

India’s total installed power capacity has surpassed 500 GW, with non-fossil fuel sources contributing 51%. Achieving this milestone five years ahead of its 2030 COP26 target, India now leads in the clean energy transition. Renewables, led by solar (127.33 GW) and wind (53.12 GW), continue to grow rapidly. The ministry credits policies, investments, and innovation for this success, which is also generating new employment opportunities nationwide.

India Surpasses 500 GW Power Capacity, Achieving Clean Energy Goal Ahead of Schedule

India’s total installed power capacity has surpassed 500 GW, with non-fossil fuel sources contributing 51%.

Prime Minister Narendra Modi launched the $120 billion RDI Scheme to boost India’s research and innovation ecosystem, marking a major push for homegrown technology. The initiative funds high-impact projects, supports private-sector R&D, and establishes the Anusandhan National Research Foundation. Highlighting India’s rise as a global innovation hub, Modi emphasized ethical AI, women’s participation in STEM, and youth engagement through new tinkering labs and research fellowships.

India Unveils Ambitious $120 Billion RDI Scheme to Power the Next Tech Revolution

Prime Minister Narendra Modi launched the $120 billion RDI Scheme to boost India’s research and innovation ecosystem, marking a major push for homegrown technology.

Launched in 2018, Ayushman Bharat–PMJAY has grown into the world’s largest public healthcare programme, offering free treatment worth up to ₹5 lakh (USD 6,000) per family annually. Covering 500 million people through 33,000 hospitals, it has helped save ₹1.52 lakh crore (USD 182 billion). Supported by digital health IDs and 160,000 Arogya Mandirs, the initiative blends technology, insurance, and infrastructure to make healthcare affordable, accessible, and equitable across India.

Ayushman Bharat: India’s Bold Healthcare Revolution Is Transforming Lives

Launched in 2018, Ayushman Bharat–PMJAY has grown into the world’s largest public healthcare programme, offering free treatment worth up to ₹5 lakh (USD 6,000) per family annually.

India is set to remain a global growth leader with a projected 6.6% GDP rise in 2025–26, driven by strong domestic demand, manufacturing recovery, and service-sector expansion, according to the IMF. It is expected to outpace China’s 4.8% growth.

Tariffs cannot slow India: IMF growth forecast to 6.6%

India is set to remain a global growth leader with a projected 6.6% GDP rise in 2025–26, driven by strong domestic demand, manufacturing recovery, and service-sector expansion, according to the IMF.

This Diwali, credit card spending surged, with 42% of users spending over ₹50,000, driven by cashback, rewards, and offers. A Paisabazaar survey of 2,300 respondents revealed 91% planned purchases around card benefits, with home appliances (25%), gadgets (23%), and apparel (22%) topping categories.

Festive Spending Soars: 42% spent over ₹50,000 on credit cards

This Diwali, credit card spending surged, with 42% of users spending over ₹50,000, driven by cashback, rewards, and offers.

Starbucks is finalizing plans to sell a controlling stake in its $5 billion China business while retaining a meaningful minority share, possibly up to 49%. Four major investors, including private equity firms Boyu Capital and EQT, are competing for the deal.

Starbucks’ Strategic Move in China: A Game of Retention and Realignment

Starbucks is finalizing plans to sell a controlling stake in its $5 billion China business while retaining a meaningful minority share, possibly up to 49%.

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