Latest Economic Development News & Updates

Bhubaneswar, May 6 (IANS) Odisha Chief Minister Mohan Charan Majhi on Wednesday called for a “two-coast strategy” to drive India’s next phase of industrial growth, asserting that the east coast will play a defining role in the country’s economic expansion. CM Majhi, who is on a three-day visit to Gujarat, made the remarks while addressing industry leaders during his visit to Mundra Port and other industrial facilities on Wednesday.“India’s growth cannot remain one-sided. The next pha…

New Delhi, May 4 (IANS) Union Road Transport and Highways Minister Nitin Gadkari on Monday reviewed the proposed new high-speed corridors, high-density corridors and other important national highway projects to be taken up in Maharashtra, officials said. “During the review meeting held in the national capital, the Union Minister discussed several key highway development projects, including six-laning of the Nagpur–Bhandara section, four-laning of the Taloda–Burhanpur section, Durg–Gadchiro…

New Delhi, April 29 (IANS) Uttar Pradesh Deputy Chief Minister, Brajesh Pathak, on Wednesday said that the BJP was heading towards a strong mandate in the ongoing second phase of West Bengal Assembly elections, asserting that voters were supporting the party’s policies beyond caste and religious lines.He said, “Voting is underway in West Bengal, and the Bharatiya Janata Party is moving forward with a strong majority. People, rising above religion and caste, are supporting the policies of Pri…

Kolkata, April 10 (IANS) The Union Minister of Home Affairs, Amit Shah, on Friday released the BJP’s ‘Sankalp Patra (Election Manifesto)’ for the forthcoming two-phase Assembly elections in West Bengal scheduled for later this month. Zero tolerance against infiltration, evolving a transparent and corruption-free state recruitment mechanism, economic progression, and women empowerment were among the top priorities in the Patra.After releasing the manifesto, the Union Home Minister said that if …

Bhubaneswar, April 10 (IANS) Member of Parliament Aparajita Sarangi on Friday wrote to Chief Minister Mohan Charan Majhi, strongly urging the Odisha government to revisit its recent decision to halt the Bhubaneswar Metro Rail Project. In her letter, Sarangi emphasised that Bhubaneswar is at a “tipping point” due to rapid urbanisation, rising traffic congestion, and the growing demand for sustainable mobility solutions.”Bhubaneswar has been witnessing rapid urbanisation and population growth …

Kathmandu, April 7 (IANS) Nepal’s Foreign Minister Shishir Khanal is set to participate in the ninth Indian Ocean Conference, scheduled to be held from April 10 to 12 in Mauritius. India’s Ministry of External Affairs, the India Foundation, a New Delhi-based think tank, and the Government of Mauritius are jointly organising the conference — an annual flagship event held since 2016 that brings together global leaders and experts to deliberate on key regional and global challenges in the India…

New Delhi, March 28 (IANS) Exports from operational special economic zones (SEZs) totalled over Rs. 11.70 lakh crore in 2025‑26 (till December 2025), marking a 32.02 per cent increase from 2024, the government said on Saturday.There are 368 notified SEZs in India (as of February end) and the total investment in those areas stand at Rs 7.86 lakh crore, the official statement said.SEZs employed over 31.73 lakh people (as of December 2025), it added.The Union Budget 2026‑27 proposed a special o…

New Delhi, March 27 (IANS) President Droupadi Murmu on Friday emphasised the critical role of the Central Power Engineering Service (CPES) and the Indian Economic Service (IES) in shaping India’s development trajectory and ensuring that economic policies translate into tangible benefits for citizens.Addressing the officers of both services as they called on her at the Rashtrapati Bhavan, the President said they stand at the forefront of India’s growth story and will play a decisive role in b…

New Delhi, March 24 (IANS) More than 74.52 lakh new jobs were created in India’s unorganised sector during January–December 2025, which represents an increase of 6.18 per cent compared to the 12-month period from October 2023–September 2024, according to the Annual Survey of Unincorporated Sector Enterprises (ASUSE) released on Tuesday.The estimated number of establishments increased to 7.92 crore during January–December 2025 from 7.34 crore in ASUSE 2023–24 (October 2023–September 2…

New Delhi, March 18 (IANS) As Pakistan faces a deepening poverty crisis as per the latest government data, the country is actually facing “institutional poverty” — the absence of strong, predictable and resilient institutions that protect incomes, enable opportunity and absorb shocks, a new report has said.The Planning Commission of Pakistan revealed that monetary poverty has risen from 21.9 percent in 2018–19 to 28.9 percent in 2024–25, but the country is not only facing monetary pove…