How policy shift towards self-reliance is boosting India’s economic growth?
3 days, 7 hours ago

How policy shift towards self-reliance is boosting India’s economic growth?

The Hindu  

Over the years, India’s GDP has consistently grown, reaching $4.15 trillion, surpassing economies such as Canada, Russia, Italy, France, and the United Kingdom. One of the key factors driving India’s economic expansion is its rapid industrialisation and policy shifts toward self-reliance. Infrastructure development Infrastructure is a fundamental pillar of India’s development strategy, serving as the backbone of its economic growth and industrial expansion. India’s military expansion is driven by two objectives: enhancing self-reliance in defense manufacturing and bolstering its capabilities to counter emerging threats. The AUKUS pact and Malabar naval exercises highlight India’s increasing involvement in regional security collaborations, ensuring it remains a dominant player in the global security landscape.

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History of this topic

Self-reliance push drives Indian defence industry: Rajnath Singh
1 month, 1 week ago

Self-reliance push drives Indian defence industry: Rajnath Singh

The Hindu  

Stating that the Indian defence ecosystem is driven by policies of self-reliance in defence production, facilitated by a conducive policy regime, Defence Minister Rajnath Singh on Monday asked Chief Executive Officers of global defence companies to utilise the opportunities offered by the domestic defence ecosystem. Listing out measures taken in this regard, he said the portal, Defence Exim, had made …

The budget gives MSMEs a big boost to help make India self-reliant
1 month, 3 weeks ago

The budget gives MSMEs a big boost to help make India self-reliant

Live Mint  

Micro, small and medium enterprises are the backbone of India’s economic structure, contributing nearly 30% to gross domestic product, 45% to exports and generating employment for over 75 million people. Enhancing credit availability and financing mechanisms: In line with the government’s recognition of MSMEs as the ‘second engine’ of economic expansion, the 2025-26 budget introduces key reforms to enhance financial …

External factors responsible for slowdown in growth: CEA Anantha Nageswaran
1 month, 3 weeks ago

External factors responsible for slowdown in growth: CEA Anantha Nageswaran

New Indian Express  

NEW DELHI: The golden era of globalisation probably disappearing amid geopolitical and policy uncertainties, resulting in the economic growth slowdown, Chief Economic Adviser V Anantha Nageswaran said on Friday. India's economy is likely to expand by 6.3 to 6.8 per cent in the coming fiscal, much lower than what is needed to become a developed country, and requires deregulation and …

Union Budget 2025: Infrastructure must be engine of sustainable growth
1 month, 3 weeks ago

Union Budget 2025: Infrastructure must be engine of sustainable growth

Hindustan Times  

As the Union Budget 2025 approaches, there is palpable anticipation regarding the government’s policy direction to reinforce India’s economic growth. Ground-breaking initiatives such as the National Infrastructure Pipeline and the PM Gati Shakti plan have not only modernised India’s physical framework but also spurred economic growth. These initiatives reflect the government’s commitment to sustainable growth while addressing industrialisation, urbanisation challenges …

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding
1 month, 3 weeks ago

Budget 2025 Expectations: Defence Sector Rallies For Continued Focus On Domestic Production, R&D Funding

ABP News  

Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025 on February 1, the defence sector anticipates significant announcements aimed at advancing India's strategic capabilities and self-reliance. "Building on last year’s increased defence allocations, we anticipate a continued focus on domestic production, R&D funding, and private sector incentives. Kartik Ganapathy, Founding Partner of IndusLaw, said, "A …

India’s budget needs to address three medium-to-long term priorities
2 months, 3 weeks ago

India’s budget needs to address three medium-to-long term priorities

Live Mint  

As we approach the new year, preparation of the annual budget is proceeding in earnest. Apart from the annual balancing of expenditure, revenues and the deficit, the next budget will hopefully address some medium-to-long term priorities, as there is no other policy document that can address these concerns in the post-Five Year Plan era. Muted growth during the last two …

India's Growth Outlook: A Beacon of Stability Despite Temporary Slowdown
5 months ago

India's Growth Outlook: A Beacon of Stability Despite Temporary Slowdown

Deccan Chronicle  

India's growth outlook remains steady despite a temporary slowdown in momentum in the second quarter of 2024-25. The country's aggregate demand is expected to shrug off the slowdown due to the pick-up in festival demand and consumer confidence. Domestic manufacturing and services PMI have shown signs of improvement, while rural demand is expected to get a boost from the improved …

India’s defence industry: Achievements and challenges
7 months ago

India’s defence industry: Achievements and challenges

Hindustan Times  

Prime Minister Narendra Modi's government has launched many reforms under the Make in India and Atmanirbhar Bharat initiatives to strengthen India’s moribund defence industry. Union defence minister Rajnath Singh with Chief of Defence Staff General Anil Chauhan and Indian Army chief General Manoj Pande at the Manekshaw Auditorium in New Delhi on Tuesday. Since assuming power in 2014, PM Modi’s …

India has made strides to further self-reliance in defence, exporting weapons too: PM
7 months, 1 week ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

India has made strides to further self-reliance in defence: Modi
7 months, 1 week ago

India has made strides to further self-reliance in defence: Modi

Hindustan Times  

New Delhi: In his 98-minute Independence Day speech delivered on Thursday morning from the Red Fort, Prime Minister Narendra Modi captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. Prime Minister Narendra Modi addressed the nation …

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News
7 months, 1 week ago

Independence Day 2024: 'India Emerging as a Defense Manufacturing Hub,' Says PM Modi | ABP News

ABP News  

Prime Minister Modi emphasized the significant shift in India's defense sector, noting that in the past, a substantial portion of the defense budget was spent on purchasing weapons and equipment from foreign countries. This heavy reliance on imports meant that India was dependent on other nations for its defense needs, which not only drained the national budget but also limited …

India records growth in defence production
8 months, 2 weeks ago

India records growth in defence production

Deccan Chronicle  

New Delhi: India’s indigenous defence production achieved the highest-ever growth in value terms during Financial Year 2023-24 on back of Modi government's ‘Aatmanirbharta’ campaign. The value of defence production in the country has gone up to a record-high figure of Rs 1,26,887 crore, reflecting a year on year growth of 16.7 per cent. Prime Minister Narendra Modi said that government …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
9 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Vision 2047: Infra to be biggest driver for growth push
1 year, 2 months ago

Vision 2047: Infra to be biggest driver for growth push

Live Mint  

New Delhi: India’s infrastructure sector is set to become the biggest driver for the country that aspires to become a $5 trillion economy soon and a developed nation by 2047. The newly adopted Vision 2047 document also lays emphasis entirely on infrastructure growth scaling up the pace of development of railways, roads, and ports surpassing most developed countries. Instruments like …

Self-reliance is a necessity amid double border threat: Rajnath Singh
1 year, 9 months ago

Self-reliance is a necessity amid double border threat: Rajnath Singh

The Hindu  

Highlighting steps taken by the Union government to create a robust defence ecosystem, which not only caters to domestic security needs but also fulfills the requirements of friendly countries, Defence Minister Rajnath Singh on Saturday in Lucknow said self-reliance is not an option but a necessity, as India is facing a double threat on its borders, along with new dimensions …

PM Modi hails govt works in infrastructure sector
1 year, 9 months ago

PM Modi hails govt works in infrastructure sector

The Hindu  

Prime Minister Narendra Modi on Thursday, June 15, 2023, said his government in the last nine years has nurtured the roots of growth and development in India, shaping an infrastructure landscape that is unparalleled. The Prime Minister's remarks on Twitter with the hashtag '9YearsOfGatiAndPragati' come amidst the BJP organising various programmes across the country as part of a mega public …

India is making its mark in the world
1 year, 9 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

India will be a developed nation by 2047: Rajnath Singh
1 year, 10 months ago

India will be a developed nation by 2047: Rajnath Singh

Live Mint  

New Delhi: India will become a strong, prosperous, self-reliant, and developed nation by 2047, said Defence Minister Rajnath Singh on Monday. During his address at the 12th convocation ceremony of Defence Institute of Advanced Technology in Pune, Maharashtra, Singh emphasized the need for Indian research institutes to accelerate their activities in advanced technology to make India capable of dealing with …

When T.N. grows, country grows, says PM Modi; launches projects worth ₹5,200 cr.
1 year, 11 months ago

When T.N. grows, country grows, says PM Modi; launches projects worth ₹5,200 cr.

The Hindu  

Tamil Nadu is one of India’s growth engines, Prime Minister Narendra Modi said here on Saturday, April 8, 2023 as he inaugurated several infrastructure projects worth more than ₹5,200 crore. Staying away from political rhetoric, Mr. Modi said that the projects would give a big boost to growth, which would raise income levels. The Indian revolution in infrastructure was driven …

India must avoid growing into a dystopia
2 years, 1 month ago

India must avoid growing into a dystopia

The Hindu  

The Budget that was presented recently, has received almost universal praise in the English language media. Next, as 2022 drew to a close, the London-based consultancy Centre for Economics and Business Research predicted that by 2035, India’s economy would reach $10 trillion and become the world’s third largest by 2037. A few days ago, a leading Indian financial daily calculated …

Budget 2023 recognises infrastructure as nation’s growth engine
2 years, 1 month ago

Budget 2023 recognises infrastructure as nation’s growth engine

Firstpost  

We welcome Budget 2023 which continues to lay focus on infrastructure development as being the growth engine of the Indian economy. The increased outlay for Railways, and attempt to prioritise the 100 critical transport infrastructure projects and regional connectivity is also quite commendable. This investment along with PM Gati Shakti launched last year to provide multimodal connectivity infrastructure to all …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years, 3 months ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

How to sustain 7% growth for India
2 years, 6 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

Re-engineering the development state
2 years, 7 months ago

Re-engineering the development state

The Hindu  

Since Independence, India’s economic growth has steadily accelerated, albeit from a low level, with moderating inflation rate. Breaking free from the colonial stagnation, domestic output grew annually at around three-and-a-half per cent during the first three decades — pejoratively called the “Hindu growth rate”. With a moderate balance-of-payment deficit and modest share of external debt to total debt, as ratios …

India witnessing transitional phase towards self-reliance in defence sector: Rajnath Singh
2 years, 8 months ago

India witnessing transitional phase towards self-reliance in defence sector: Rajnath Singh

Firstpost  

He said the defence ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which includes export of Rs 35,000 crore New Delhi: India is witnessing a transitional phase towards self-reliance in defence sector and senior officials of defence PSUs should work together to ensure that their companies are among world’s best, Defence Minister Rajnath …

FM nudges India Inc to ramp up private investment to sustain growth momentum
3 years, 4 months ago

FM nudges India Inc to ramp up private investment to sustain growth momentum

Live Mint  

Finance minister Nirmala Sitharaman urged companies to boost investments and expand capacity without waiting for risks to vanish, as depressed private investments force the government to increase spending on public work programmes to blunt the pandemic’s impact. The finance minister’s nudge comes two days after the Reserve Bank of India exuded confidence in its monthly bulletin that the stage is …

India’s path to power: Strategy in a world adrift
3 years, 5 months ago

India’s path to power: Strategy in a world adrift

Hindustan Times  

It is often said that countries have no permanent friends or enemies, only permanent interests. The core strategic principles outlined in there remain relevant to India’s continuing engagement with the world: The need to make independent judgments in internation- al affairs while not being unduly influenced by ideas and policies emanating from elsewhere; the need to develop the capacity for …

A strategy for India in a world that is adrift
3 years, 5 months ago

A strategy for India in a world that is adrift

The Hindu  

New situations require fresh thinking. A few of us — Yamini Aiyar, Sunil Khilnani, Prakash Menon, Nitin Pai, Ajit Ranade, Srinath Raghavan, and Shyam Saran — some of whom were authors a decade ago of Non-Alignment 2.0, were prompted by the tectonic shifts in India’s internal and external environment to take another look at India’s path to power in a …

‘India fighting terror, expansionism’
3 years, 7 months ago

‘India fighting terror, expansionism’

Hindustan Times  

In his 88-minute Independence Day address from the Red Fort on Sunday, Prime Minister Narendra Modi drew the nation’s attention to the challenges India faces from terrorism and expansionism, in a veiled reference to Pakistan- The PM said India was fighting terrorism and expansionism with courage, and the government would take all steps to strengthen the capabilities of the armed …

India's infrastructure to be no less than US, Europe in 5 years: Nitin Gadkari
3 years, 11 months ago

India's infrastructure to be no less than US, Europe in 5 years: Nitin Gadkari

India TV News  

A new India is in the making with infrastructure which will be no less than that in the US and Europe in five years, and a solid foundation has already been laid with over Rs 17 lakh crore worth of projects in the last five-year period, Union Minister Nitin Gadkari said on Thursday. The minister said its foundation has already …

Defining factors that can help India become self-reliant
4 years, 3 months ago

Defining factors that can help India become self-reliant

News 18  

The COVID-19 pandemic is having an unprecedented impact on the economies around the globe. Working towards #SelfReliantIndia Narendra Modi in his speech pointed out five ‘I’s to make India a self-reliant economy. Economic Factors The ‘Make in India’ campaign is playing a significant role in boosting the domestic manufacturing industries and reducing the reliance on imports. The Way Forward for …

Govt Will Do Whatever it Takes to Make India Engine of Global Growth, Says PM Modi to Investors
4 years, 4 months ago

Govt Will Do Whatever it Takes to Make India Engine of Global Growth, Says PM Modi to Investors

News 18  

Prime Minister Narendra Modi on Thursday wooed global investors by showcasing the recent agriculture and labour reforms and faster-than-anticipated reflating of the economy and asserted that the government will do whatever it takes to make India the engine of global growth resurgence. Speaking to 20 top global investors, the Prime Minister said the “Self-Reliant India” campaign does mean the country …

What it will take for India to be truly ‘atmanirbhar’
4 years, 6 months ago

What it will take for India to be truly ‘atmanirbhar’

Live Mint  

A lot has been said about ‘Atmanirbhar Bharat’, India’s journey of economic self-reliance. An extraordinary network of roads built in the past couple of decades can be leveraged to rebuild the part of India that can be referred to as the ‘middle India’. Today’s economy, supply chain, manufacturing and the fates of nations are all intertwined, and there’s no way …

India's Self-reliance in Defence Sector to Boost Its Global Standing: PM Modi
4 years, 6 months ago

India's Self-reliance in Defence Sector to Boost Its Global Standing: PM Modi

News 18  

Prime Minister Narendra Modi said on Thursday that his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace, and also for helping the world economy become more stable. Speaking at a defence industry outreach seminar, Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider …

Mammoth Steps Taken to Make Country Self-reliant in Defence Sector: PM Modi
4 years, 7 months ago

Mammoth Steps Taken to Make Country Self-reliant in Defence Sector: PM Modi

News 18  

India has as much commitment to make its security apparatus and Army strong as it has for establishing peace and harmony, Prime Minister Narendra Modi said on Saturday, stressing that mammoth steps have been taken to make the country self-reliant in the defence sector. In his Independence Day speech, Modi said recently, import of more than 100 military equipment has …

India Cannot Keep Depending on Foreign Govts for Defence Supplies, Self-reliance Key: Rajnath Singh
4 years, 7 months ago

India Cannot Keep Depending on Foreign Govts for Defence Supplies, Self-reliance Key: Rajnath Singh

News 18  

Defence Minister Rajnath Singh on Thursday said India cannot depend on foreign governments and overseas suppliers to meet its requirement of military platforms, and self-reliance in the defence sector is far more crucial than any other field. In a mega push to boost domestic defence production, Singh on Sunday announced that India will stop import of 101 weapons and military …

The quest for self-reliance in defence | Opinion
4 years, 7 months ago

The quest for self-reliance in defence | Opinion

Hindustan Times  

In the run-up to August 15, the challenge to India’s territorial integrity and sovereignty has been foregrounded in a startling, but perhaps unsurprising, manner by the June 15 Galwan setback. In this context, defence minister Rajnath Singh put out a series of tweets on August 9 that underlined the resolve of the Narendra Modi government to redress long-festering structural issues …

India must try to expand its presence in global value chains: Shringla
4 years, 8 months ago

India must try to expand its presence in global value chains: Shringla

Live Mint  

India must take advantage of the opportunities offered by health security and related supply chains receiving top billing among governments worldwide in the backdrop of the covid-19 pandemic, foreign secretary Harsh Vardhan Shringla said on Tuesday. Self reliance was not about reverting to “economic isolationism” and its “essential aim is to ensure India’s position as a key participant in global …

Our Goal Is To Increase India's Defence Exports To $5 Billion In Next 5 Years: PM Modi
5 years, 1 month ago

Our Goal Is To Increase India's Defence Exports To $5 Billion In Next 5 Years: PM Modi

ABP News  

Lucknow: Prime Minister Narendra Modi on Wednesday said that his government's goal is to increase India's defence exports to USD 5 billion in the next five years. Speaking at the Defence Expo 2020, here, he said: "Artillery Guns, Aircraft Carrier, Frigates, Submarines, Light Combat Aircrafts, Combat Helicopters are being manufactured in India. "The world's second-largest population, the world's second-largest army …

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball
5 years, 2 months ago

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball

Firstpost  

Right from the time it was first elected in 2014, this government has been at pains to be perceived as being strong on national security and defence The creation of the post of Chief of Defence Staff towards the end of the calendar year fulfils the third of the trinity of long-standing issues of the armed forces. Right from the …

Opinion | Modi seems to have reprised Gandhi’s economic vision
5 years, 6 months ago

Opinion | Modi seems to have reprised Gandhi’s economic vision

Live Mint  

Every Independence Day, Indian prime ministers have paid homage to the nation’s freedom fighters from the ramparts of the Red Fort. At present, the debate within the policy establishment is focused on reforms to make the economy grow faster and reach the goal of $5 trillion, which Modi is dangling like a carrot to investors. Suggestions of reforms to change …

Nirmala’s maiden Budget is reform oriented, and in the right direction
5 years, 8 months ago

Nirmala’s maiden Budget is reform oriented, and in the right direction

Deccan Chronicle  

The Union Budget 2019-20, the first Budget of the newly elected government, has been announced at a time when our macro-economic milieu continues to be domestically and globally challenging. The key takeaway of the Budget is its focus on investment, manufacturing, the ease of doing business, simplification of the taxation system, strengthening the banking sector and NBFCs, doubling farmers’ income, …

Budget 2019: Where India can find a cool $1 trillion
5 years, 8 months ago

Budget 2019: Where India can find a cool $1 trillion

Hindustan Times  

India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. Annual federal deficits can’t go much higher than $100 billion; borrowing by the public sector is already cornering resources equal to 8% of the economy even as the household sector barely manages …

India to be engine of world growth for 3 decades: PM Modi at Red Fort
6 years, 7 months ago

India to be engine of world growth for 3 decades: PM Modi at Red Fort

India TV News  

Prime Minister Narendra Modi on Wednesday said India will be the engine of growth for the world economy for the next three decades as the "sleeping elephant" has started to run on the back of structural reforms like GST. Addressing the nation from the ramparts of the Red Fort on the occasion of 72nd Independence Day, he listed out the …

India needs $4.5 tn for infrastructure
7 years, 1 month ago

India needs $4.5 tn for infrastructure

The Hindu  

India will require investments of about $4.5 trillion by 2040 to develop infrastructure to improve economic growth and community well-being, according to the Economic Survey 2017-18. “The current trend shows that India can meet around $3.9 trillion infrastructure investment out of $4.5 trillion. The cumulative figure for India’s infrastructure investment gap would be around $526 billion by 2040,” it said. …

India is at world's centre stage more than ever before, but current growth rate not enough, says Arun Jaitley
8 years, 5 months ago

India is at world's centre stage more than ever before, but current growth rate not enough, says Arun Jaitley

Firstpost  

Jaitley, who is leading the high-power Indian delegation to the annual fall meeting of the International Monetary Fund and the World Bank, said there is a “lot of global buzz” around India. Washington: India, “aspiring to do better in an adverse” environment, is at the world’s centre stage more than ever before, Finance Minister Arun Jaitley has said but cautioned …

Riding the next wave of globalization: Policy priorities for India
8 years, 5 months ago

Riding the next wave of globalization: Policy priorities for India

Live Mint  

India’s policies are being crafted to help strengthen its competitive advantage in a globalizing world. India was a big beneficiary of the globalization phase, starting in the late 1980s, that led to rapid economic growth in emerging markets on the back of outsourcing and trade. Western European countries, the US and China played this role in the first, second and …

Riding the next wave of globalization: Policy priorities for India
8 years, 5 months ago

Riding the next wave of globalization: Policy priorities for India

Live Mint  

India’s policies are being crafted to help strengthen its competitive advantage in a globalizing world. India was a big beneficiary of the globalization phase, starting in the late 1980s, that led to rapid economic growth in emerging markets on the back of outsourcing and trade. Western European countries, the US and China played this role in the first, second and …

Project execution is vital
9 years, 1 month ago

Project execution is vital

The Hindu  

Infrastructure is one of the key growth drivers for our economy. By developing world class infrastructure, we can efficiently and safely connect our people and places which will result in much-needed employment opportunities and ensure India’s overall development. It is encouraging to see that the government has promoted several initiatives, especially in the infrastructure sector, such as the 100 Smart …

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