Author: Bhakti Narayanan

Bhakti Narayanan

A recent study by Goldman Sachs suggests that India’s GDP is poised for significant growth, driven by its large population of 1.4 billion people. The research predicts that by 2075, India will become the world’s second-largest economy, with a projected worth of $52.5 trillion, surpassing the United States and trailing only China. The key to India harnessing the potential of its expanding population lies in increasing labor force participation, as well as enhancing training and skills development among its talent pool. In the coming decades, India is expected to have one of the lowest dependency ratios among regional economies, providing…

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Union Minister Rajeev Chandrasekhar's ambitious vision: India targets 100,000 unicorns and 1-2 million startups.

According to Union Minister Rajeev Chandrasekhar, India’s current advancements in innovation, entrepreneurship, electronics manufacturing, and digital influence are just the initial stages of a vast growth opportunity for the country. He asserts that India has the potential to witness the emergence of 100,000 unicorns and potentially 1-2 million startups in the future. Chandrasekhar, serving as the Minister of State for Electronics and IT, has been actively involved in India’s digital agenda for the past two years, implementing measures to boost electronics and semiconductor manufacturing. He highlights the positive impact of India Stack and the country’s digital public infrastructure, showcasing how…

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Trade Minister Piyush Goyal to visit UK to advance FTA negotiations

Union Commerce and Industry Minister Piyush Goyal is scheduled to embark on a visit to the UK from July 10th to 11th. The primary focus of the visit is to advance the ongoing India-UK Free Trade Agreement (FTA) negotiations and hold discussions with ministers from European Free Trade Association (EFTA) member countries regarding the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA. The timing of this visit is crucial, as both India and the UK are dedicated to expanding their economic cooperation and exploring opportunities for increased bilateral trade. With the FTA negotiations gaining momentum, the purpose…

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Ritesh Shah Charitable Pharmacy receives $100k grant, raises $75k at gala.

Ritesh Shah Charitable Pharmacy, a non-profit organization dedicated to offering vital healthcare services to disadvantaged communities, successfully hosted its highly anticipated second annual “We Are Already Making a Difference Gala!” on June 30, 2023. The remarkable event, which took place at 618 Restaurant in Freehold, was completely sold out, bringing together passionate supporters of the pharmacy to celebrate its impactful contributions. The Gala raised an impressive amount of $75,000, which will be used to fund the pharmacy’s critical mission of providing life-saving medication to underserved communities. Ritesh Shah, the Founder of Ritesh Shah Charitable Pharmacy, expressed overwhelming gratitude for the…

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A large gathering of over 10,000 people, spanning ages four to 84, assembled at the Allen East Center in Texas to participate in a recitation of the Bhagavad Gita on the occasion of Guru Purnima. The event, organized by Yoga Sangeeta Trust America and SGS Geeta Foundation, showcased the unity of both children and adults coming together to celebrate this special day. The recitation took place in the presence of the esteemed spiritual saint, Pujya Ganapathy Sachidananda ji, on Monday, July 3, according to information gathered by ANI from the Avadhoota Datta Peetham Ashram in Mysuru. The Ashram is an…

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Indian middle class set to nearly double to 61% by 2046-47, says PRICE report.

India’s middle-class population is projected to nearly double to 61% of the total population by 2047, compared to 31% in 2020-21. This growth is expected due to political stability, economic reforms, and a sustained annual growth rate of 6% to 7% over the next 25 years, positioning India as one of the world’s largest markets. The findings come from a report released by People Research on India’s Consumer Economy (PRICE) and India’s Citizen Environment. The report states that the middle class in India will increase from 432 million individuals in 2020-21 to 715 million (or 47% of the population) by…

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Animal, an action-thriller starring Ranbir Kapoor, Anil Kapoor, Bobby Deol, Triptii Dimri, and Rashmika Mandanna, is scheduled to be released on December 1. The film, directed by Sandeep Reddy Vanga, was originally planned for August but has been delayed. Director Vanga announced the new release date on Twitter, citing the need to ensure the quality of the film as the reason for the delay. He expressed gratitude for the positive response to the pre-teaser and explained that the film includes seven songs to be released in five languages. The director wanted to ensure that each song maintains its lyrical value…

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During the ‘Startup20 Shikhar’ event in Gurugram, Haryana, Mr. Piyush Goyal, the Union Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution, and Textiles, expressed that India’s remarkable economic scale and market potential have been instrumental in fostering the growth of startups within the global startup ecosystem. He emphasized the importance of global efforts to establish inclusive, supportive, and sustainable startup ecosystems worldwide to address global concerns effectively. The Minister highlighted the significance of G20 meetings on startups, stressing the need for facilitating the exchange of ideas, best practices, funding mechanisms, and promoting research and development collaborations. He…

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As India gears up to host the Shanghai Cooperation Organisation (SCO) summit in a virtual format, it is essential to reflect on New Delhi’s relationship with the group since its inception. India joined the SCO as an observer country in 2005 and became a full member in 2017 during the Astana Summit, marking a significant milestone in its association with the organization. Over the last six years, India has actively participated in all SCO operations, assuming the chairmanship of the SCO at the Samarkand Summit in September 2022. During India’s presidency, the SCO witnessed remarkable advancements in engagement and cooperation…

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On Wednesday, Prime Minister Narendra Modi expressed his congratulations to India’s athletes for their outstanding performance at the Special Olympics Summer Games in Berlin, where they secured a total of 202 medals, including 76 gold medals. Alongside the golds, the athletes also achieved 75 silver and 51 bronze medals, surpassing the 200-medal mark, with six medals earned from track events. In a tweet, PM Modi praised the incredible athletes who represented India at the Special Olympics Summer Games in Berlin and commended their perseverance and inclusive spirit. The event witnessed the participation of approximately 7,000 athletes from 190 countries, competing…

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