The Government of India in its latest report released recently, announced that India’s economy is projected to expand at a better-than-expected 7.4% in FY26, compared with a 6.5% rise in FY25. According to the first advanced estimates of Gross Domestic Product (GDP) released by the National Statistics Office (NSO), the growth will not only be higher than the 6.5% growth in the previous financial year, but the nominal GDP is also expected to rise by 8.0% in FY 2025-26. The report further stated that while tertiary sectors such as Financial, Real Estate and Professional Services along with Public Administration, Defence…
Author: P Das
After assuming office in 2024, the BJP government under the leadership of Mohan Charan Majhi allocated Rs 408 crore to develop Bhubaneswar, the capital of Odisha, into an IT hub. The intention was loud and clear: attract IT giants to the fast-developing two-tier city and transform it into a Silicon city of the East. The government also announced a satellite city within Bhubaneswar. Taking inspiration from Hyderabad, this proposed plan, spanning around 322 hectares of land with an additional investment of Rs 1,110 crore, is expected to give a major boost to the capital’s infrastructure in different sectors with a…
In the wake of recent US attacks on Venezuela, which is being interpreted as a plea to control the oil reserve of the South American country, experts have highlighted the significance of how natural resources play a vital role in the power hegemony that can shift the balance in today’s volatile geopolitical order. In the backdrop of this international development, India’s focus on tapping Odisha’s vast mineral resources assumes strategic significance, which is far beyond regional development. Often referred to as the ‘mineral hub of India’, Odisha has a vast reservoir of mineral resources. Apart from being the largest producer…