[🇮🇳] Indian Economy watch- All new developments.

[Bilal9]

Just saw the newj that UP state economy alone will surpass a trillion dollars or has surpassed it already.

The real estate valuation of Bombay alone is multiple times Pakistan's entire GDP worth.

It's fair to say our leadership and establishment in Pakistan have let us down.

This is all "aspirational statistics" put forward by their CM Aditynath and it is typical of BJP led states. Don't judge Pakistan's situation by what goes on in India.

What Mr. Aditynath fails to mention is that almost a quarter of UP population lives below poverty level (which is Indian standard of poverty).

So - that has to be tackled first. All is not champagne and roses.

https://niti.gov.in/sites/default/files/2023-07/National-Multidimentional-Poverty-Index-2023-Final-17th-July.pdf

 

[Bilal9]

A new phase of India's economic development has begun. Whatever investment comes are in multiple billions not in millions. Tata alone has ordered about 530 passenger planes so as Indigo. Ambani is building a city and going to invest around 5 lakh crore. Adani has big plans. Airbus is coming to India with all the products in its portfolio. A rapid infrastructure is taking place. Mittal is investigating 10000 crore in Gujarat. Everything big happening in India. Next 3 decades are going to be of massive economic activities.

Don't want to rain on your parade but didn't the Tata-SIA JV airline (Vistara) fold up recently? They had 70 aircraft in their fleet.

Seems every industrialist in India (including that scumbag Adani) has 'big plans' which is typical. Those "big plans" are mostly "vote-getter plans" which often don't materialize.

With the size and corruption in India - all that "big" industrialists in India tend to do is commit massive acts of fraud and run away. Witness Sahara, Vijay Mallya et al.

Gareebon ka huq lootnewalla scum.

 

[Krishna with Flute]

This is all "aspirational statistics" put forward by their CM Aditynath and it is typical of BJP led states. Don't judge Pakistan's situation by what goes on in India.

What Mr. Aditynath fails to mention is that almost a quarter of UP population lives below poverty level (which is Indian standard of poverty).

So - that has to be tackled first. All is not champagne and roses.

https://niti.gov.in/sites/default/files/2023-07/National-Multidimentional-Poverty-Index-2023-Final-17th-July.pdf

1 Tr is a target by 2030. UP is traditionally a mot well off state so far as economy is concerned. However, now UP is developing at a very rapid pace under Yogi Adityanath's leadership.

 

[Bilal9]

A Dainik Jagran guide to Adityanath government’s propaganda​

(note: The Jagran group is a News conglomerate in India which favors and is a representative of Hindutva and BJP views)

The Jagran group is running a disingenuous PR campaign for UP government’s farm policies, and enriching itself in the process.

By:Ayush Tiwari& Basant Kumar


Shambhavi Thakur

For two weeks in January this year, four vans bearing the Dainik Jagran masthead drove across the length and breadth of Uttar Pradesh. They were, as India’s largest newspaper by circulation told us on January 7, meant to spread the word about the Adityanath government’s “pro-farmer, beneficial schemes and how farmers can avail them”.

On January 6, Jagran Josh, the Jagran group’s English news website, announced that a three-week campaign by Adityanath’s BJP government around its farm policies, called Kisan Kalyan Mission, would be “organised in every development block of all 75 districts” of Uttar Pradesh.

Dainik Jagran was going to promote this government campaign. However, the alliance extended beyond the vans. The paper’s Lucknow supplement carried at least one article on the campaign every day between January 6 and January 21. Cartoons in the daily mocked the ongoing farmer protests on the borders of Delhi and its editorials called for strict action against the protesters.

Simultaneously, a website section dedicated to the campaign ran 11 fawning articles hailing the state’s BJP government for its farm policies.

Staffers at Dainik Jagran told Newslaundry that these articles were passed on to them by the newspaper’s editorial department and published under a reporter’s byline after only a proofread. We found the claims made in these articles were dubious and picked directly from the speeches of BJP leaders without attribution.

Jagran executives, however, maintained that the paper’s promotion of the campaign was not a formal tie-up between the Adityanath government and the media house. However, data published by the Bureau of Outreach and Communication, under the central government, reveals that the Jagran group – which publishes the dailies Dainik Jagran in Hindi, Mid-Day in English, and Inquilab in Urdu – earned over Rs 92 crore in revenue from print and digital advertisements by the Modi government between 2015 and 2019.

‘Dainik Jagran is with the government in this campaign’

Over a month into the farmer protests, including at Ghazipur on Delhi’s border with UP, the Adityanath government launched Kisan Kalyan Mission – or Farmer Welfare Mission – at Dadupur village in Lucknow’s Sarojini Nagar on January 6.

Inaugurated by chief minister Adityanath, the campaign, a press release by the state’s information directorate said, was meant “to bring prosperity in the lives of farmers" who would get “useful information about modern farming which will help increase their income”. It would cover 825 blocks in the state between January 6 and January 21.

The same day, Dainik Jagran flagged off four vans from its Lucknow bureau that would “roam across the state” with “progressive farmers sharing inspiring stories of their success” with other farmers. The logo of the government’s campaign was pasted all over the vans. A front-page ad in the newspaper that day called it an “awareness super campaign”, complete with a page-length photo of Adityanath. It declared: “Dainik Jagran appreciates these efforts of the state government taken in the interest of the farmers and is with them in this government campaign.”

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Jagran sent out four vans as part of Kisan Kalyan Mission. Photo courtesy Dainik Jagran
On January 9, the newspaper launched a special section on its website to promote the campaign at an event at Lucknow’s Lok Bhawan. Shishir Singh, director of the state’s information and public relations department, was the chief guest. Dainik Jagran UP editor Ashutosh Shukla and general manager JK Dwivedi were also in attendance.

“The dream of farm prosperity is being fulfilled by the Yogi government,” declared the special section’s “About Us” page. “Due to the historical and revolutionary steps taken in the last 3.5 years, the changes in the villages and fields have increased the income of farmers to double.”

It added that with the “expansion” and “modernisation” of sugar mills in the state, farmers were paid a “record sugarcane price”.

Jagran’s claims are bogus at best. In 2017, the government’s think tank, NITI Aayog, had calculated that doubling of farm incomes by 2022 would require an annual GDP growth rate of 10.4 percent, which hasn’t materialised since. In January 2020, IndiaSpend reported that agriculture experts remained skeptical of this promise, and it was likely farm incomes under the Modi government would remain stagnant.

Sugarcane production in UP faces serious problems. Earlier this month, Newslaundry spoke to protesting sugarcane farmers from western UP at Ghazipur. They claimed that the remunerative price for their crop hasn’t increased in two years and that local sugar mills haven’t paid them for their produce since March 2020, although the Adityanath government had promised the payment of dues within 14 days. Those who did receive payment got it without interest, in violation of the Sugarcane Control Order of 1966.

Here are select headlines from the 11 articles published on Jagran’s website.

• Farmers' living standards improve in Uttar Pradesh, increase in income, smile on faces
• Uttar Pradesh government records highest payment to paddy and wheat farmers
• Every farm in Uttar Pradesh gets plenty of water and abundant crops
• Farmers in UP are benefiting from extensive improvement in irrigation system
• The Yogi government worked for the prosperity and progress of farmers during the coronavirus pandemic

Recycling articles, no attribution

The reports published on Jagran’s website as part of Kisan Kalyan Mission resemble press releases by the Adityanath government. Not only do they regurgitate information and claims made in old news reports, they also contain unverified claims made by BJP leaders, including the chief minister, which are reproduced without attribution.

For instance, a Jagran report from January 8, headlined “UP sets new record by paying dues to sugarcane farmers, with highest sugar production”, states that under the Bahujan Samaj Party government between 2007 and 2012, as many as 19 sugar mills were shut. The succeeding Samajwadi Party government closed 10 mills between 2012 and 2017. As a result, the report adds, sugarcane farmers faced a “big crisis”, which Adityanath “started resolving on a priority basis as soon as he took the reins in 2017”.

These claims are picked entirely from a Zee News report from June 2020 quoting Adityanath himself. It reads: “Chief Minister Yogi Adityanath said that 19 sugar mills were closed in Uttar Pradesh from 2007 to 2012 during the BSP government. He added that during the Samajwadi Party government, Akhilesh Yadav stopped operations at 10 mills. As a result, sugarcane farmers of the state were facing a big crisis. Chief Minister Yogi said that as soon as he took over the reins of Uttar Pradesh in 2017, he started resolving the problems of sugarcane farmers on a priority basis.”

The report published on January 8, titled “The Yogi government worked for the prosperity and progress of farmers during the coronavirus pandemic”, claims the state government provided special facilities to farmers during the pandemic lockdown. It adds that 119 sugar mills were operating during the lockdown, 11,180 lakh quintals of sugarcane was crushed, and 1,264 lakh quintals of sugar were produced.

We are not told how Jagran verified the efficacy or implementation of these measures, or where it got these figures. A Google search reveals these numbers were given by the state’s principal secretary for sugarcane and sugar industry in June 2020. The facilities quoted in the Jagran report were announced by UP’s agriculture minister Surya Pratap Shahi in April last year.

Similarly, an infographic on the website’s special section says the Adityanath government has paid more than Rs 29,000 crore to over 33 lakh wheat farmers for their produce. Again, no source is cited. An Amar Ujala report from December 2020 tells us this claim was made by a spokesperson of the UP government.

“These articles come from the editorial department of our paper,” a staffer at Dainik Jagran told Newslaundry. “Then the language is corrected and headlines are prepared, and they are published on the website.”

Another staffer at the daily confirmed this.

Jagran vs farmer protests

Jagran has been vocally opposed to the farmer protests since they arrived along Delhi’s borders in late November. A day after it launched the campaign, the newspaper carried a stinging editorial titled "The Attitude of Farmer Leaders".

"The way these leaders have opened the front against agricultural laws by resorting to lies, it seems that the situation [of agriculture] was better, but it is not true,” lectured the paper, which carries fake news often. “The work of solving the problems of farmers has been done through the new agricultural laws."

The paper advocated state action against these leaders. "Since the farmer leaders are not deterring from tricking the farmers,” it said, “the government should be ready to take strict action against them."

Another editorial on January 13 caricatured the protest as a setup by the Congress and the Left parties. "It is clear from the attitude of the farmer leaders that they want to fulfill their narrow interests rather than seek solutions to the problems of the farmers,” it opined. “With this, it is also clear that the Congress and the Left parties are using them to turn around their political fortunes.”

The volleys did not just come through print. The protests were mocked through cartoons drawn by one Madhav Joshi. One of them printed on January 12 shows a Sikh farmer sitting on a tractor carrying harvested crops. The caption reads: "Paji! Since you’re busy protesting, can I sell my produce outside the mandi? The prices are good!”

Another cartoon printed the next day played on the Hindi word hal, a homophone that means plough as well solution: “Farmers use a hal, but they do not want a hal.”

Is Jagran’s campaign a collaboration with the UP government?

Jagran’s special section on Kisan Kalyan Mission carries the logo of the Uttar Pradesh government beside its own. The campaign logo is plastered across the daily’s website and its vans. One would assume that this entails a paid collaboration between the government and the newspaper.

Newslaundry reached out to Ashutosh Shukla, the editor of Dainik Jagran in Uttar Pradesh, over phone and Whatsapp. Shukla disconnected the call and has not responded to a set of questions we sent him.

Navneet Sehgal, the additional chief secretary of UP’s information directorate, told us the government is not involved with the paper’s campaign. “If someone is running a campaign, then what is your problem?” Sehgal asked. "We advertise with everyone. If one of them wants to support us, we will stop them or ask them why they are doing so.”

Asked about the logo and the pro-government rhetoric of the Jagran campaign, Sehgal said the daily was doing “good work”. “If they do something wrong then do tell me. They are doing good work and we have no objection,” he said.

Sehgal asked us to send him our other questions, which we did. We will update this report if he responds.

Vikas Chandra, vice president of marketing at the Jagran Group, told Newslaundry that the campaign was designed by him. Like Sehgal, Chandra too denied any collaboration with the government.

"This campaign is being done to increase the enthusiasm of the farmers," Chandra told Newslaundry. “Whatever good work has been done by the government, we are spreading among people through news. It is not a crime to send good work to your readers. Jagran has been India's number one newspaper for a long time because of its readers. We get information from the Department of Agriculture in the UP government. We fact-check and convey it to our readers.”

When questioned about the blatant nature of this public relations exercise, the daily’s recycling of old news and non-attribution of claims to BJP leaders, Chandra’s reply did not change. "If we do something for free, then nobody should have any problem. We are not promoting the schemes of the government, but are passing on the work done in the interest of the farmers,” he said.

Rs 92 crore and counting

Government ad money to Dainik Jagran has more than doubled during Modi’s tenure. According to data provided by the Bureau of Outreach and Communication, which manages the central government’s advertising strategy and expenditure, the daily received ad revenue worth Rs 85.7 crore between 2015 and 2019.

Between 2010 and 2013, when the Congress-led UPA was in power, Jagran received a total of Rs 33.2 crore in ads. This is dwarfed by the Rs 36.4 crore that it plucked from the Centre in 2017-18 alone.

The English daily, Mid-Day, got Rs 67 lakh in ads between 2010 and 2013. For the 2015-2018 period, this figure stands at Rs 2.3 crores. In December last year, a Caravan report on Inquilab reported that the Urdu daily received Rs 9.3 lakh in ads 2009-10, which increased to Rs 30.1 lakh in 2018-19.

If one includes the digital advertising figures released by the Bureau of Outreach and Communication, the total ads for all three Jagran publications and their digital arms comes to a whopping Rs 92.2 crore.

A report from 2019 states that Dainik Jagran cornered over Rs 100 crore in government ad revenue between 2014-15 and 2018-19.

These numbers only reflect the central government’s ads expenditure. The Adityanth government, which advertises with the Jagran group separately, has not made its ad spend public. We filed a Right to Information enquiry with the UP government on January 13, 2021, but didn’t receive a reply as of February 19, 2021.

 

[Saif]

India, EU to finalise free trade deal by year-end

India will finalise a ‘mutually beneficial’ free trade deal with the European Union by the end of this year, prime minister Narendra Modi said Friday after meeting with EU chief Ursula von der Leyen.

www.newagebd.net

India, EU to finalise free trade deal by year-end
Agence France-Presse . New Delhi 28 February, 2025, 23:29

India will finalise a ‘mutually beneficial’ free trade deal with the European Union by the end of this year, prime minister Narendra Modi said Friday after meeting with EU chief Ursula von der Leyen.

‘We have asked our teams to work out a mutually beneficial bilateral free trade agreement by the end of this year,’ Modi said in New Delhi.

Von der Leyen, who is on a two-day visit to India with her college of commissioners, is seeking to hedge against souring relations with the United States and said they were ‘expecting a lot from our trade negotiators’.

Deeper access to India’s rapidly expanding market was at the top of the delegation’s agenda, and the EU chief looked visibly pleased after her meeting with Modi and his ministers.

The EU is already India’s largest trading partner, accounting for 124 billion euros ($130 billion) worth of trade in goods in 2023 — more than 12 per cent of total Indian trade, according to Brussels.

The Indian market offers many opportunities for sectors ranging from defence to agriculture, cars and clean energy. Yet, protected by high tariffs, it currently accounts for only 2.2 per cent of EU trade in goods.

‘We have tasked our teams to build on this momentum and finalise our FTA before the end of the year,’ von der Leyen said in a statement after the meeting.

Standing beside Modi, the EU chief added: ‘We told them they should surprise us’.

The bloc is pushing for a trade deal that lowers entry barriers for its cars, spirits, wines and other products.

India meanwhile hopes for higher EU investments in areas such as clean energy, urban infrastructure and water management.

New Delhi is also pushing for easier mobility for its skilled workforce and higher investments for ventures in India.

Von der Leyen’s visit, billed as the first of its kind to the world’s fifth-largest economy, comes days after US President Donald Trump announced a slew of tariffs against both friends and foes.

The EU also hopes to find common ground with India on their shared concerns over China’s growing influence in the Asia-Pacific, building resilient supply chains, and the governance of new technologies including artificial intelligence.

‘I can announce that we are exploring a future security and defence partnership with India in the mould of the partnerships we have with Japan and South Korea,’ von der Leyen said on Friday before meeting Modi.

‘This will help us step up our work to counter common threats, whether on cross-border terrorism, maritime security threats, cyber-attacks or the new phenomenon we see: attacks on our critical infrastructure.’

New Delhi hopes to gain from coordinated efforts towards building resilient supply chains by wooing businesses looking to move out of China with tax breaks, simplified investment laws, better infrastructure and access to its massive domestic market.

Creating enough jobs for millions of workers in the world’s most populous country is one of the biggest challenges for Modi’s government.

Von der Leyen and Modi were also expected to discuss Russia’s war in Ukraine but the EU chief’s statement after the meeting did not directly mention the subject.

India has resisted Western pressure to distance itself from Moscow, its traditional supplier of military hardware, following Russia’s invasion of Ukraine.

Indian officials said that the two sides discussed expanding defence exchanges, naval exercises, and cooperating on Indian efforts to diversify and localise its military hardware manufacturing.

India and the EU ‘have a shared view on peace, security, stability and prosperity’ of the Asia-Pacific region, Modi said after the meeting.

This visit ‘is unprecedented... and we have taken many important decisions on trade, technology, innovation, green growth, security, skilling, and mobility — a blueprint (for future) has been prepared,’ he added.​

 

[Saif]

India’s economic growth picks up on rising govt, consumer spending

India’s economy expanded by 6.2 percent in October-December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

www.thedailystar.net

India’s economic growth picks up on rising govt, consumer spending

Farmers selling vegetables wait for vendors at a wholesale market of agricultural products in Kolkata on February 28. A stronger rural economy bolstered the world’s fifth-largest economy in the final quarter of 2024. Photo: AFP

India's economy expanded by 6.2 percent in October-December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

A stronger rural economy also bolstered the world's fifth-largest economy in the final quarter of 2024, but manufacturing growth remained subdued and the overall rise in GDP was well below peak quarterly growth rates seen in the three years after the pandemic.

"GDP figures show that India's economy remained fairly soft by its own standards at the end of last year. But with policy now decisively turning more supportive, economic growth should pick up further over the coming quarters," Capital Economics' Harry Chambers said.

India is still the world's fastest growing major economy, but it also faces uncertainties over its trade with the United States and the Trump administration's plans to impose reciprocal tariffs.

Growth in gross domestic product in October-December was slightly lower than the 6.3 percent expansion projected by analysts in a Reuters poll, and the central bank's estimate of 6.8 percent. The economy grew 5.6 percent in the previous quarter.

The gross value added (GVA), a measure of economic activity that is seen as a more stable measure of growth, grew 6.2 percent in October-December, compared to a revised 5.8 percent expansion in the previous quarter. For the full year, the government now pegs GDP growth at 6.5 percent, marginally higher than its initial estimate of 6.4 percent, but below the revised growth rate of 9.2 percent for 2023-24.

To meet the growth estimate of 6.5 percent for the full financial year, India needs to grow at 7.6 percent in the January-March period.

India's chief economic adviser, V Anantha Nageswaran, sees this as achievable. Resilient rural demand will support India's growth while urban consumption is recovering, Nageswaran said at a press conference.

Urban consumption has weakened due to weak job and income growth while retail inflation remained high through much of last year. Inflation eased to 4.3 percent in January and the central bank expects it to average 4.2 percent in the financial year starting April 1.

Government spending rose 8.3 percent in the last three months of 2024 from a modest 3.8 percent increase in the previous three months.

Private consumer spending jumped 6.9 percent year-on-year, up from 5.9 percent in the previous quarter, buoyed by improved rural demand due to moderating food prices and more spending on purchases for the festival season than a year earlier.

The October-December GDP growth is "marginally better than our expectations," said Gaura Sen Gupta, chief India economist at IDFC First Bank.

She attributed the pick-up to the agriculture sector and to a revival in rural demand.

Agricultural output rose 5.6 percent year-on-year from a revised 4.1 percent in the previous quarter, but growth in manufacturing, which contributes about 17 percent of the economy, remained subdued at 3.5 percent against a revised 2.1 percent in the previous quarter.

To boost the economy, India's central bank cut interest rates this month for the first time in nearly five years and left the door open for further rate cuts as inflation eases.

Personal income tax cuts announced in the annual budget on February 1 are also seen aiding consumption.

Economists see at least one more rate cut in April, when the monetary policy committee meets next, according to a Reuters poll.

"While this growth print brings some relief for the central bank, given continued global headwinds, we expect another rate cut in April 2025," said Sakshi Gupta, principal economist at HDFC Bank.​

 

[Krishna with Flute]

India has emerged as world-class manufacturing hub for Hyundai: CEO Jose Munoz​

Story by India Today Auto Desk
• 23h•
2 min read

India has emerged as world-class manufacturing hub for Hyundai: CEO Jose Munoz
Hyundai Motor Company (HMC), which entered the Indian market in 1996 incorporating Hyundai Motor India Ltd (HMIL), believes that India has now emerged as a world-class automotive manufacturing and regional export hub for the carmaker.

HMIL presently offers models like the Grand i10 Nios, i20, Aura, Verna, Exter, Venue, Creta, Alcazar, Tucson, Creta Electric and Ioniq 5 EV. It is not only the second-largest carmaker in the domestic market in terms of volumes, but also the second-biggest car exporter from India.



The carmaker recorded its best-ever annual volumes in the domestic market at 6,05,433 units in 2024. It exported 1,58,686 units during the year. Commencing exports in 1999, HMIL has shipped over 37,00,000 cars to more than 150 countries across the globe.

The company has two manufacturing facilities in India, one in Sriperumbudur (Chennai) and the other in Talegaon (Pune). The Sriperumbudur plant has an annual production capacity of 8,24,000 units, while the Talegaon plant, acquired from General Motors last year, is being renovated to produce more than 2,00,000 units annually with operations scheduled to start in Q3 FY26.

During a recent town hall meeting at HMIL headquarters in Gurugram, HMC President and CEO Jose Munoz said: "HMIL is the second-largest passenger vehicle maker in India, an important and growing market. At the same time, India is the third-largest market in Hyundai's global operations."


Related video: “Very Unique…” DC Motors showcases unique range of vehicles at the Bharat Mobility Global Expo 2025 (ANI Video)

MSN

 

[Krishna with Flute]

Global investors, NRIs show interest in Gujarat's semiconductor hub Dholera SIR​

1d•
2 min read
In this article

VASCONEQ▼‎-3.74%‎

Global investors, NRIs show interest in Gujarat's semiconductor hub Dholera SIR
Global investors and NRIs mainly from the US,Singapore and the UK, have shown interest in Gujarat's Dholera Special Investment Region which is emerging as a semiconductor hub in the state, according to a developer. Recent months have seen a rise in investor visits and land inquiries, fueled by Dholera's vision to become India's semiconductor hub with four of the five semiconductor plants in India being built in Dholera, Aaiji Group Founder and Managing Director Lalit Parihar said.


Among fresh proposals, NextGen has signed a memorandum of understanding with the Gujarat government at Gujarat SemiConnect Conference 2025 for setting up a Rs 10,000-crore compound semiconductor fab and optoelectronics facility at Dholera.

A tripartite agreement was inked between Tata Electronics, Taiwanese firms PSMC and Himax Technologies for an upcoming semiconductor chip manufacturing facility of the Indian company at Dholera, he said.

Tata Electronics is setting up a Rs 91,000 crore semiconductor project at the Dholera SIR.

"There is now a growing influx of overseas investors, particularly NRIs from the US, UK, UAE-Dubai, Singapore, and Hong Kong," Parihar said.

The state government has allocated Rs 200 crore for an integrated residential township with facilities like a hospital, school, and fire station at Dholera SIR.

Major infrastructure projects such as the international cargo airport, Ahmedabad-Dholera Expressway are set to commence operations in 2025 which would boost the infrastructure development in Dholera, the developer said.


Related video: India’s push for EV investment gains momentum (WION)

MSN

 

[Krishna with Flute]

India's Solar Revolution: PM Surya Ghar Achieves Milestone Of 10 Lakh Solar Installations​

The PM Surya Ghar, the world's largest domestic rooftop solar initiative, has crossed a historic milestone with 10 lakh homes now powered by solar energy. Launched by Prime Minister Narendra Modi on February 13, 2024, the scheme is transforming India's energy landscape. #CNBCTV18 #BusinessNewsLive #MarketNews #CNBC🔴CNBC TV18 LIVE TV: to our Channel: 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹Young Turks Reloaded with Shereen Bhan: World News: TV18 Classic Interviews: TV18 Digital: TV18 Weekend Special: TV18 Next-Gen: Show: TV18 Newsreels: Streets: can also connect with CNBC-TV18 News OnlineCatch the latest news: CNBC-TV18 round the clock: updated with all the market action in real time: can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: us on Facebook: us on Twitter: us on Instagram: us on: Linkedin: CNBC-TV18: See less
12

 

[Bilal9]

Global investors, NRIs show interest in Gujarat's semiconductor hub Dholera SIR​

1d•
2 min read
In this article

VASCONEQ▼‎-3.74%‎
View attachment 15322

Global investors, NRIs show interest in Gujarat's semiconductor hub Dholera SIR
Global investors and NRIs mainly from the US,Singapore and the UK, have shown interest in Gujarat's Dholera Special Investment Region which is emerging as a semiconductor hub in the state, according to a developer. Recent months have seen a rise in investor visits and land inquiries, fueled by Dholera's vision to become India's semiconductor hub with four of the five semiconductor plants in India being built in Dholera, Aaiji Group Founder and Managing Director Lalit Parihar said.


Among fresh proposals, NextGen has signed a memorandum of understanding with the Gujarat government at Gujarat SemiConnect Conference 2025 for setting up a Rs 10,000-crore compound semiconductor fab and optoelectronics facility at Dholera.

A tripartite agreement was inked between Tata Electronics, Taiwanese firms PSMC and Himax Technologies for an upcoming semiconductor chip manufacturing facility of the Indian company at Dholera, he said.

Tata Electronics is setting up a Rs 91,000 crore semiconductor project at the Dholera SIR.

"There is now a growing influx of overseas investors, particularly NRIs from the US, UK, UAE-Dubai, Singapore, and Hong Kong," Parihar said.

The state government has allocated Rs 200 crore for an integrated residential township with facilities like a hospital, school, and fire station at Dholera SIR.

Major infrastructure projects such as the international cargo airport, Ahmedabad-Dholera Expressway are set to commence operations in 2025 which would boost the infrastructure development in Dholera, the developer said.


Related video: India’s push for EV investment gains momentum (WION)

MSN

Wiki says,

"Since 2011, the Government of Gujarat has been making plans to develop a smart city at Bhal area.

The economic viability of the project has been questioned by farmer organizations. Several investors who initially signed the Memorandum of Understanding to develop the project, have withdrawn and refused to invest.

Dholera - Wikipedia

 

[Krishna with Flute]

Wiki says,

"Since 2011, the Government of Gujarat has been making plans to develop a smart city at Bhal area.

The economic viability of the project has been questioned by farmer organizations. Several investors who initially signed the Memorandum of Understanding to develop the project, have withdrawn and refused to invest.

Dholera - Wikipedia

Yes but it is the biggest city of the world. It doesn't come overnight. Lots of work is done there. It is going to be a great grass root city. 6 lane roads, metro rails etc is built. Airbus and many other company's plats are coming there. a 25000 MW solar plant is also coming there. It is being built slowly and surely. I have 250 Sq Yard plot there.

 

[Krishna with Flute]

India's GDP Doubled In Last 10 Years: Will It Beat Germany & Become World’s 3rd Largest Economy by 2027? Check IMF Report​

India's gdp doubled in last 10 years: will it beat Germany & become world’s 3rd largest economy by 2027? check IMF report

New Delhi: India's economy doubled in the past decade and now stands at $4.3 trillion in 2025, International Monetary Fund (IMF) data said. In the last 10 years, the GDP has grown at a spectacular 105% growth rate.

As per the IMF, India currently stands as the fifth largest economy after US, China, Germany, and Japan. The report further highlighted that India is expected to beat Japan's economy by the third quarter of FY25 and could be just behind the US and China by 2027.


India’s economic growth over the past decade has surpassed several major global economies, with its GDP expanding by 105%. In comparison, the US and China grew by 66% and 44%, respectively, while developed nations like Germany, France, and the UK recorded significantly lower growth rates.

With Japan’s GDP stagnant at $4.4 trillion, India is set to surpass it within the next year. Germany, with a GDP of $4.9 trillion, is expected to be overtaken by 2027, making India the world’s third-largest economy.

India’s economic milestones highlight its rapid ascent:

• It took 60 years to reach its first $1 trillion GDP in 2007.
• By 2014, GDP had doubled to $2 trillion.
• Despite the COVID-19 impact, India crossed $3 trillion in 2021.
• The leap from $3 trillion to $4 trillion happened in just four years.
• At its current pace, India could add $1 trillion to its economy every 1.5 years, potentially reaching $10 trillion by 2032.

Globally, the US leads with a GDP of $30.3 trillion, followed by China at $19.5 trillion. If India’s rapid expansion continues, it could significantly close the gap with these economic superpowers in the next decade.


Related video: India To Remain Fastest Economy| N18V | CNBC TV18 (CNBCTV18)

MSN

 

[Bilal9]

This is the heat (or "green") map for GDP growth.

Plenty of countries growing very fast in poorer areas in South America and Africa. Just like India.

When you have hit bottom, there is nowhere to go but up. Only natural.

 

[Krishna with Flute]

This is the heat (or "green") map for GDP growth.

Plenty of countries growing very fast in poorer areas in South America and Africa. Just like India.

When you have hit bottom, there is nowhere to go but up. Only natural.

View attachment 15917

Out of all high growing economies, are fastest growing major economy in the world. Isn't it? This can not be undermined by posting maps and interpreting it wrongly. Not only we are growing faster but we have all the building blocks to sustain it for a long period of time. We have done some amazing things like ensuring free medical treatment to 600 million people and food to 800 million people, free houses to 40 million families. Which other country in world can do that? We have preserved our culture, we have a very young population, we have spiritualism, we have so many things to fascinate people. Many people say that if they come to India once, they will have to come there again and again. We are regaining our glory. We are overcoming our short comings and marching in right direction at a rapid pace. I think we are doing very well.