On January 10, Representative Ami Bera (CA-06) announced, alongside fellow lawmakers Pramila Jayapal (WA-07), Ro Khanna (CA-17), Raja Krishnamoorthi (IL-08), Shri Thanedar (MI-13), and Suhas Subramanyam (VA-10), a historic milestone in the U.S. Congress. Their statement celebrated the largest representation of Indian Americans in Congress, with six members serving in the 119th Congress. Representative Bera, who was the sole Indian American member of Congress in 2013, expressed pride in the growing representation, stating that this expansion would pave the way for even more Indian Americans in the future. “I have been committed to this effort since my first day in…
Author: Nupur Rohila
Apple achieved a milestone in 2024 by exporting over $12 billion worth of iPhones from India, marking a 40% growth compared to 2023, according to industry estimates. With domestic production increasing by nearly 46% year-over-year, the tech giant manufactured $14 billion worth of iPhones in FY24, exporting more than $10 billion of these devices. Riding on the government’s production-linked incentive (PLI) scheme and the growing trend of premiumisation, Apple reached a remarkable ₹1 lakh crore ($12 billion) in exports. Over the past four years, Apple has created 175,000 direct jobs in India, with over 72% being women. The company’s aggressive…
India’s mutual fund folios climbed to a record 22.5 crore ($2.6 million) in December 2024, according to AMFI data. Retail mutual fund folios, covering equity, hybrid, and solution-focused schemes, grew to 17.89 crore ($2.1 million), up from 17.54 crore ($2.0 million) in November. Retail Assets Under Management (AUM) increased slightly, reaching $464,880 million from $462,230 million. Systematic Investment Plans (SIPs) recorded strong growth, with 5.43 million new registrations. The SIP AUM reached $158,770 million, while monthly SIP contributions hit a record $3,080 million, underlining investors’ commitment to long-term financial goals. Equity mutual funds saw a 14.5% rise in inflows, totaling…
According to the World Economic Forum (WEF) in its latest “Future of Jobs” report, employers in India are poised to surpass global adoption rates of emerging technologies. Companies in India are making significant investments in areas such as artificial intelligence (AI), robotics, energy technologies, and autonomous systems. The report highlights that 35% of Indian employers believe adopting semiconductors and computing technologies will transform their operations, far exceeding the 20% global average. Additionally, 21% of Indian employers see quantum and encryption technologies playing a transformative role, compared to only 12% globally. The WEF report also identifies India’s fastest-growing job roles, including…
India’s Gross Domestic Product (GDP) is projected to grow by 6.4% in 2024-25, according to the Ministry of Statistics’ first advance estimates. This marks a noticeable slowdown from the 8.2% growth seen in FY23. Despite a weaker start to FY25, the ministry is optimistic about a rebound in the second half of the fiscal year, driven by a pickup in agricultural and industrial activities as well as strong rural demand. The forecasted growth range for the year is between 6.4% and 6.8%. Nominal GDP is expected to grow by 9.7%, showing a slight increase from 9.6% in the previous year.…
On January 4, six Indian-Americans were sworn into the US House of Representatives, marking a significant moment in the nation’s political history. This milestone represents the largest Indian-American presence in Congress to date. These six individuals—Ami Bera, Raja Krishnamoorthi, Ro Khanna, Pramila Jayapal, Jeremy Cooney, and Shri Thanedar—form the group informally referred to as the “Samosa Caucus.” This term, coined by Krishnamoorthi, refers to Indian-origin lawmakers in Congress, and the caucus has now expanded from five members to six. All six of these lawmakers are members of the Democratic Party and supported Hakeem Jeffries in his bid for House Speaker.…
Prime Minister Narendra Modi met US National Security Advisor Jake Sullivan on Monday to highlight the growing India-US Comprehensive Global Strategic Partnership. The partnership has reached new heights in areas such as technology, defense, space, biotechnology, and Artificial Intelligence (AI). Modi expressed his eagerness to build on this momentum for the benefit of both nations and global progress. Sullivan’s visit also included a meeting with External Affairs Minister S. Jaishankar, where both sides reaffirmed their commitment to deepening bilateral, regional, and global cooperation. Jaishankar acknowledged Sullivan’s contribution to strengthening the India-US relationship. During his visit to IIT Delhi, Sullivan reflected…
Renew Financial, a leading provider of the residential Property Assessed Clean Energy (R-PACE) financing program, has appointed Vinay Gupta as its new Chief Executive Officer, effective immediately. With over 25 years of experience in the financial services industry, Gupta is known for driving growth and innovation in major organizations and leading high-performing teams. Gupta expressed his enthusiasm for the position, stating, “I’m honored to join Renew Financial and collaborate with this talented team to further our mission of oBeforehomeowners equitable financing for sustainable and essential home improvements.” Prior to joining Renew Financial, Gupta was President of Dividend Finance, where he…
The Narendra Modi government has prioritized developing infrastructure and enhancing tourism in the Union Territories of Andaman and Nicobar Islands and Lakshadweep, Union Home Minister Amit Shah stated during a meeting of the Island Development Agency (IDA) on Friday. According to an official release, the central government is also focusing on preserving the culture and heritage of these islands while accelerating development projects. Shah reviewed ongoing development initiatives in the islands and emphasized their importance despite their geographical distance from Delhi, stating, “Even though these islands are far from Delhi, they are close to our hearts.” He stressed the need…
India is preparing to launch an advanced US communications satellite that will enable direct mobile phone calls through space connectivity, representing a significant leap in satellite telephony technology. Unlike existing services, this innovation eliminates the need for specialized devices. This marks the first instance of a large-scale US communications satellite being launched exclusively by India. Previously, only smaller satellites from American companies have been sent to space by Indian rockets. Science Minister Dr. Jitendra Singh revealed that the launch is scheduled for February or March, enabling voice calls via mobile phones. While the Indian Space Research Organisation (ISRO) has not…