Day: December 2, 2024

India on the Brink of Overtaking Japan to Become No. 4 Economy: IMF Highlights Key Growth Drivers

Manish Kumar

India’s economic trajectory continues to capture global attention as it maintains its status as the world’s fastest-growing major economy. With a 5.4% growth in the July-September quarter of 2024, the country has seen a slight deceleration from the previous quarter’s 6.7%. However, sustained growth and strategic initiatives are paving the way for India to overtake Japan as the fourth-largest economy by 2025. According to the International Monetary Fund (IMF), India’s economy is projected to reach $4.34 trillion by 2025, marginally surpassing Japan’s $4.31 trillion. This achievement will stem from a…

The Future of EVs in India: Policy Revisions and Expanding Opportunities

Manish Kumar

India, poised to become a significant player in the global electric vehicle (EV) industry, is revamping its EV policy to attract both domestic and international automakers. Initially designed to entice Tesla into local manufacturing, the policy has undergone significant changes after the U.S. automaker opted out of its plans earlier this year. The updated incentives, set to be finalized by March 2025, aim to broaden the scope for EV investments and production, leveraging existing automotive infrastructure while encouraging innovation. This shift reflects India’s ambition to reduce carbon emissions, strengthen its…

Cyclone Fengal Landfall Imminent: Coastal Tamil Nadu Braces for Impact

Manish Kumar

Cyclone Fengal, a powerful tropical storm, is set to make landfall this afternoon between Karaikal and Mahabalipuram, bringing with it heavy rain, strong winds, and significant disruption across Tamil Nadu and Puducherry. The India Meteorological Department (IMD) has issued red and orange alerts for multiple districts, warning of potential damage and urging preparedness. As coastal states mobilize resources to mitigate the impact, the effects of the cyclone on daily life, infrastructure, and the environment are already apparent. Cyclone Impact on Coastal States Weather and Flooding Risks Cyclone Fengal, with wind…