logo
PM Modi asks states to remove policy bottlenecks, encourage investment and generate jobs

PM Modi asks states to remove policy bottlenecks, encourage investment and generate jobs

Deccan Herald24-05-2025

The Prime Minister said that the 10-year journey of Niti Aayog was "to prepare the nation to achieve the goal of Vikshit Bharat".

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Avoiding the growth mirage: Reforms must go beyond capital infusion
Avoiding the growth mirage: Reforms must go beyond capital infusion

Business Standard

time5 hours ago

  • Business Standard

Avoiding the growth mirage: Reforms must go beyond capital infusion

Despite some setbacks and global uncertainty, the economy has shown remarkable resilience and is poised to surpass Germany before the end of the decade to become the third-largest M Govinda Rao Listen to This Article The release of the World Economic Outlook in April by the International Monetary Fund (IMF) has brought in much rejoicing and enthusiasm among those concerned with India's development. The chief executive officer of NITI Aayog might have jumped the gun when he declared that India has become the fourth-largest economy surpassing Japan, which has also been echoed by the Prime Minister. The IMF report shows India's gross domestic product (GDP) in 2024 at $3.91 trillion, against Japan's $4.03 trillion, but it is projected to surpass the Japanese GDP by a slender margin in 2025 ($4.197 trillion vs 4.196 trillion). Of

Bad news for China after Operation Sindoor as militants shoot down Chinese fighter aircraft in..., India can now...
Bad news for China after Operation Sindoor as militants shoot down Chinese fighter aircraft in..., India can now...

India.com

time10 hours ago

  • India.com

Bad news for China after Operation Sindoor as militants shoot down Chinese fighter aircraft in..., India can now...

India just one step away from matching China's economy by..., NITI Aayog advisor reveals game-changing strategy; 'If India maintains...' Major setback for China after Operation Sindoor: India's Operation Sindoor not only national embarrassment for Pakistan but for its 'iron-brother' China. In its operation against the terror spots in Pakistan and Pakistan Occupied Kashmir, India destroyed the air defence systems of China, exposing the dark reality of much-hyped Chinese defence items. In another embarrassment for the People's Liberation Army of China, the rebel forces of have claimed to have shot down a Chinese fighter plane. Bringing a matter of embarrassment for China, the Chinese fighter plane crashed while it was on an air mission in the country's Sagaing region. Confirming the same, Myanmar's state broadcaster MRTV confirmed the crash of the plane, but attributed it to technical failure. Readers must note that the Military Junta of Myanmar replaced the democratically elected government of Myanmar led by Aung San Suu Kyi in 2021 with the help of China. As per the rebel People's Liberation Army (PLA) of Myanmar, the fighters shot down the plane while attacking a police station near Pale Township, about 140 km from Mandalay. As per local media reports, the fighter jet was identified as a Chinese-made FTC-2000G ground attack aircraft, inducted into the Myanmar Air Force in 2022. With respect to India, Indian defence industry can now take advantage of the Chinese embarrassment and promote its exports. PM Modi on India's Operation Sindoor Prime Minister Narendra Modi recently said Operation Sindoor , under which India launched strikes on Pakistan, was the largest and most successful effort to counter militancy in the history of the country. Speaking during a public rally in central India's Bhopal city, PM Modi reiterated his government's zero-tolerance policy towards militancy, as per a report by Reuters news agency. 'If someone fires a bullet at us, then we will respond with artilleries', he said. The hostilities between India and Pakistan in May were the fiercest after an April 22 terror attack in the Himalayan region of Kashmir killed 26 people, mostly Indian tourists. (With inputs from agencies)

Rs 50,000 rent in India but Rs 1.6 lakh in US: Why Delhi researcher is calling out the NRI salary flex
Rs 50,000 rent in India but Rs 1.6 lakh in US: Why Delhi researcher is calling out the NRI salary flex

Economic Times

time10 hours ago

  • Economic Times

Rs 50,000 rent in India but Rs 1.6 lakh in US: Why Delhi researcher is calling out the NRI salary flex

Shubham Chakraborty, a researcher based in Delhi, has started a viral debate on social media on NRIs flexing their salaries— questioning how Indian professionals often compare international paychecks without factoring in key differences like cost of living and purchasing power. "Next time your cousin/friend who has settled in the US says he makes Rs 80 Lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) works," said Chakraborty in a post on LinkedIn. Check full statement here: Next time your cousin/friend who has settled in the US says he makes Rs 80 Lakhs a year, tell them you only need Rs 23 Lakhs to match their lifestyle in India. This is how Purchasing Power Parity (PPP) is a way to compare the value of money between different countries. It shows how much money you'd need in one country to buy the same things as in another people don't think about PPP when considering job offers or moving to another country. But it can be helpful. For example, if you have two job offers - one for 30 Lakhs rupees in India and another for 80 Lakhs rupees in the US - PPP can help you compare them PPP isn't the only thing to consider. Developed countries often have better public services, technology, and opportunities. They may also offer better social security. So, while PPP is useful, it's just one of many factors to consider when making decisions about jobs or moving abroad. India's Purchasing Power Parity: NITI Aayog Vice-Chairman Suman Bery said that the size of the Indian economy in the purchasing power parity (PPP) term is already USD 15 trillion, which is more than half the size of the US economy. The purchasing power parity (PPP) is the amount of currency units required to purchase a basket of goods and services that can be purchased with one unit of the reference economy's currency. "There has been a lot in the newspapers about our being the fourth largest economy. Those are all measured at market prices, but the real way of measuring productivity is purchasing power parity. "And while we are USD 4 trillion GDP at market prices, at PPP term, we are USD 15 trillion economy," Bery said while addressing the Annual Business Summit 2025 of the Confederation of Indian Industry (CII). He said that economists tend to measure labour productivity at purchasing power parity as PPP measures the real size of the economy of countries against the size of the US economy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store