THE HALFAX HEIMDALL AUGUR

Opinion How India's economy weathered West Asia shock At the start of 2026, the global economy faced its deepest and most perilous disruption in a generation. Yet, India stood as a defiant beacon of stability under the visionary leadership of Prime Minister Narendra Modi. At a time when the global economy is faltering, Modi has not only ensured that India remains the world’s fastest-growing major economy with a GDP growth of 7.7 per cent, but has also positioned the country as a pivotal anchor of the global system. This was the result of strategic policies implemented under the Modi government, which spent a decade building defensive buffers. It focused on accumulating foreign exchange reserves, providing the RBI with ammunition to stabilise the currency. It had also diversified its crude oil procurement channels, which helped lower its absolute dependence on West Asian supply routes. The strategic vision extended into domestic infrastructure. From the outset, the Prime Minister prioritised developing piped natural gas infrastructure across Tier-I and Tier-II cities to secure energy supply and shield citizens from cooking-gas shortages. Now, this network is scaling into rural ar…

Democracy in Decay: - Democratic Erosion May 8, 2024 American University This is a student blog post associated with the Democratic Erosion Course. This post does not represent the views of the Democratic Erosion Consortium. Analyzing Democratic Backsliding in Narendra Modi’s India India is one of the world’s most diverse and populated nations, with a revolutionary past and a promising future of endless development, growth, and prosperity. April 2024’s election will see 970 million people begin traveling to the polls to participate in the world’s largest display of democracy in human history. India’s democratic system is at the precipice of change as Prime Minister Narendra Modi looks to secure another term as India’s chief executive. India’s democracy under Modi bears all the indicators of a system transitioning from pluralistic democratic governance to an increasingly centralized, nationalist, and autocratic system. India’s democratic decline represents a global regression in democratic norms and policies through completely legal means. Under a decade of Modi rule, India has attempted to transform itself into a global power, pull India away from its secular history, and crea…

Divisive Modi could revolutionise India | World Finance Despite being loved by some and hated by others, Narendra Modi has a chance to transform india into a country run for the many, rather than the few When newly appointed Indian Prime Minister Narendra Modi tweeted “India has won, good days are here again,” you would think that his message was a reflection of universal jubilation across the country. However, while his landslide victory was more convincing than any in the country’s recent history, the joy felt by his supporters was met with equally vociferous dismay from his many opponents. Upon his election in May, Modi was hailed as the saviour of India’s economy and the man who would kickstart the country into taking a dominant role in global affairs. Despite the welcoming tone from those fed up with the corruption and dynastic feel to Indian politics for much of the last few decades, there were also many that were dismayed by Modi’s victory. In particular, the country’s minority – yet considerable – Muslim community will have greeted his election with grave concerns that the government would not be acting with their interests at heart. This sentiment stems from his role i…

Viksit Bharat 2047: The $30 Trillion Economy Roadmap Explained Apr 5, 2026 33 Min Read Share: AI Generated Image India’s Vision for Viksit Bharat 2047 There’s something almost ceremonial about the way August 2022 was framed in India. Seventy-five years after independence, an anniversary that already carried weight, the country stepped into what Prime Minister Narendra Modi called the Amrit Kaal. A 25-year stretch, not just a timeline, really, but a kind of narrative arc leading to 2047. At the center of that arc sits a phrase that’s now everywhere: Viksit Bharat. It translates simply enough, “Developed India”, but the way it’s being used, it feels heavier than a slogan. More like a long-term promise the country is making to itself. The idea is that by the time India turns 100, it won’t just be growing, it will have arrived. No longer counted among lower-middle-income economies, but standing, somewhat assertively, among high-income nations. That’s the aspiration. The math behind it, though, is where things get a bit dizzying. Right now, India’s GDP is around $3.5 trillion. The Viksit Bharat vision stretches to somewhere between $30 and $35 trillion by 2047 . Ten times larger. In ju…

Is India still a good investment? | Evelyn Partners When Prime Minister Narendra Modi assumed office in India a decade ago, he inherited an economy with sluggish growth and waning investor confidence. The banking sector was particularly strained, following a series of high-profile bankruptcies that left several billionaires unable to repay their debts, severely limiting the banks' lending capabilities. Fast forward to 2024 and India’s fortunes have transformed with the country now outpacing other major economies, such as the UK. In FY24, which ran to 31st March, India’s economy grew by 8.2% 1 driven by business-friendly reforms introduced by the government. Its gross domestic product (GDP) is predicted to more than double to $7.5 trillion by 2031. In addition, India’s stock market capitalisation is expected to grow by 11% to $10 trillion in the next decade 2 . Its stock market has significantly outperformed China and the wider emerging markets sector. There are many reasons to be positive about India as there are several factors that could contribute to its future economic growth, but there are also some risks to take note of. India is outperforming emerging markets Viksit Bharat …

Two years of NDA Government DAM P SQUIB - Indian National Congress The last two years have seen a dull and dark shadow creep over India. In 2014, people gave Shri Narendra Modi a sweeping mandate. By 2016, they have been left bewildered and confused. Instead of the promised ‘Achche Din,’ they are witnessing a systematic attack on India’s institutions, icons and inclusiveness. As the second year of the Modi Government draws to a close, sadly, there is little to celebrate. India’s economy spirals further downward. The Government proclaims 7.6% GDP growth, but experts and common men both wonder why nobody feels or experiences it. Job growth, industrial output, and exports are all plunging downwards. Inflation, rural distress, drought and low farm incomes are making life miserable for the Kisaan and Khet Mazdoor. Investor confidence in India is down and the forecast is gloomy. India was gifted windfall due to low crude oil prices. Yet, instead of using these savings to boost the economy, Modi Sarkar chose to fill its coffers by increasing excise duties and indirect taxes, at a high cost to the ‘Common Man’. Performance mapping of the last two years demonstrates that this Government …

12 years of PM Modi: India should not only be resilient but also be ... Synopsis India faces significant global uncertainty and external challenges. Despite strong economic growth and improved financial stability, domestic investment remains a concern. The nation's resilience is being tested by fluctuating oil prices and global protectionism. Prime Minister Modi's leadership and the collective will of India are crucial as the country navigates these complex times. Listen to this article in summarized format Listen Srivatsa Krishna The writer is an IAS officer Agencies 'If we're not at the table, we're on the menu.' When Canadian PM Mark Carney delivered this line at Davos this January, he didn't have India on his mind. But the one significant achievement of the last 12 yrs of this government has been to get India a seat at the high table with the big boys. India is back to the classic 'risk vs uncertainty' dilemma. Today, we have reached a phase of extreme uncertainty, where the probability of understanding the consequences of events is an 'unknown unknown'. To face such uncertainty, our systems should not only be resilient but also be - to use Nassim Nicholas Taleb's term - an…

How long will it take for India to become a $5 trillion economy? How long will it take for India to become a $5 trillion economy? Economic Author Wajeeh Khan Wajeeh K. Nov 29, 2025, 06:00 AM Vishrut Rana says India could be a $5.0 trillion economy by 2028. IMF, in comparison, sees it achieving that milestone in the next decade. Here's why Rana believes the Indian economy could beat IMF estimates. India’s march toward becoming a $5 trillion economy has been a central theme in policy and investor discussions. Now, Vishrut Rana, Asia Pacific Economist at S&P Global Ratings, believes the milestone could be reached as early as 2028—beating the International Monetary Fund’s (IMF) estimates. Speaking to CNBC , Rana emphasised that India’s strong growth trajectory, structural reforms, and demographic advantages put the country on track to achieve this ambitious target sooner than many expect. What may drive accelerated growth in the Indian economy? India’s economy has consistently outpaced most major peers, driven by robust domestic consumption, infrastructure investment, and digital transformation. Rana explained that “India’s growth trajectory remains robust, and we expect the $5 trilli…

Budget 2026 Reveals a Cautious Turn in India's Aid Diplomacy Author :Swati Prabhu Budget 2026 reveals how India’s aid diplomacy remains anchored in neighbourhood-first commitments, even as global uncertainty tempers its broader development ambitions As India’s Finance Minister Nirmala Sitharaman unveiled her ninth consecutive Union Budget on 1 February 2026, attention was understandably on the Budget’s new measures—including taxation administration, expenditure on education and employment, and government infrastructural plans. Based on three corekartavyas, FM Sitharamanemphasisedthat the Budget revolves around a) “the need to accelerate and sustain economic growth by enhancing productivity and competitiveness, and building resilience to volatile global dynamics, b) to fulfil aspirations of people and build their capacity, making them strong partners in India’s path to prosperity and, c) aligning with vision ofSabka Sath, Sabka Vikas, to ensure that every family, community, region, and sector has access to resources, amenities and opportunities for meaningful participation”. However, India’s domestic aspirations for socio-economic progress are closely intertwined with how it pos…

Investing in India's ambition | UBS United States of America Key takeaways India’s mammoth general elections spanning over six weeks are now past the midway point, with more than 900 million people eligible to vote at a million plus polling stations across the expansive country. The magnitude of the world’s largest elections befits a population estimated to be over 1.4 billion people, as India passed China last year as the most populous country. What is more, these superlatives are matched by India’s ambition to become a global economic powerhouse. Prime Minister Narendra Modi is bidding for a third consecutive term, pledging to finish what he and the ruling Bharatiya Janata Party (BJP) have started: moving the fast-growing economy to the third largest position after the US and China in the next five years and making “Viksit Bharat 2047” – elevating India to a developed country a century after it gained independence. A recent Morning Consult poll ranked Modi as the world’s most popular global leader, with an approval rating of 76% at home. 2047 is far away but there is no denying that India is rising as a geopolitical and economic superpower. Many elements contribute to the ris…

12 years of Modi govt: How India became $4 trillion economy and set its ... India's GDP crossed Rs 345 lakh crore in FY26, cementing its status as a $4+ trillion economy. Driven by a massive electronics boom, record exports of Rs 79 lakh crore, and key tax reforms, over 25 crore people have successfully moved out of poverty. Prime Minister Narendra Modi’s government has marked its 12 years since it came to power in the centre in 2014. During his tenure, various development projects and initiatives have been launched to foster growth in every sector with the aim of making India a 5 trillion economy. These results can be seen in India's economy, which continued its strong growth trajectory in FY 2025-26, with the country's Gross Domestic Product (GDP) at current prices surpassing Rs 345 lakh crore, reflecting sustained momentum driven by reforms, digital transformation, exports and industrial expansion. According to official data, India has emerged as one of the fastest-growing major economies, attracting increasing global attention. The government has also revised the base year for GDP calculations to 2022-23 to better reflect the current economic structure. The country's economi…

Modi Govt Creating 'Monopolies Or Duopolies'; Reins Of Economy Must Be ... New Delhi, Dec 17: Congress leader Rahul Gandhi on Wednesday accused the Modi government of creating a "monopoly or duopoly" in every sector and called for putting the reins of India's economy back into the hands of MSMEs. Gandhi said that during the Winter Session of Parliament, he met a delegation of small and medium ice cream manufacturers, and by listening to their problems, it became clear that the government is determined to destroy small businesses for the benefit of its favoured industrialists. "Monopoly or duopoly is a curse for India — and the Modi government has been doing exactly this in every sector, every industry," the Leader of Opposition in the Lok Sabha said in a post in Hindi on his WhatsApp channel. "During the Jan Sansad (People's Parliament), I met with a delegation of small and medium-sized ice cream manufacturers. Talking to them and listening to their problems made it clear that the government is determined to destroy small businesses for the benefit of its favoured industrialists," Gandhi said. The customers of these small ice cream manufacturers are the poor and lower middle-c…

Policymaking must operate within a framework amid uncertainty: Mishra NEW DELHI: P K Mishra, Principal Secretary to the Prime Minister, on Sunday said policymaking must account for uncertainty, focusing on a comprehensive framework and an outcome-driven, constructive mindset. “In a world characterised by growing uncertainty, it is imperative that our policies and practices operate within a comprehensive framework,” he said. He also highlighted the need for a multi-dimensional and dynamic approach, aiming not only for resilience but for the creation of an anti-fragile system. Addressing a wide range of issues at the Standard Manthan summit, Mishra said that the government had successfully navigated crises such as the Covid-19 pandemic, the Ukraine-Russia conflict, and the West Asia crisis, with a focus on ‘Atmanirbhar’ (self-reliance). He credited this success to the visionary leadership of Prime Minister Narendra Modi, who prioritized readiness in addressing challenges by implementing reforms to tackle emergent issues. On the Indian economy front, Mishra pointed out the several challenges faced, including geopolitical tensions, global supply chain disruptions, and the energy…

PM Modi interacts with govt secretaries; discusses reforms for ease of ... ANI PM Modi New Delhi, Prime Minister Narendra Modi on Tuesday interacted with government secretaries and discussed with them on two key issues - deregulation and other reforms for 'ease of doing business' and 'ease of living' and promoting 'Aatmanirbharta'. During the interaction, the secretaries outlined the major steps being taken by their ministries and departments in line with the two key themes, officials said. The discussion focussed on two key themes - the first was 'deregulation and other reforms for ease of doing business and ease of living', while the second was 'promoting Aatmanirbharta' (self reliance), they said. The secretaries highlighted ongoing efforts to translate the prime minister's vision into actionable outcomes, while also discussing sector-specific challenges and outlining their future strategies to enhance governance and service delivery. Modi stressed the importance of adopting a whole-of-government approach and breaking departmental silos. Live Events Highlighting the importance of integrated planning and coordination, he encouraged wider utilisation of the 'PM 'Gatishakti' as an…

G20 Summit 2022: 'Huge difference between pre-2014, post-2014 India ... G20 Summit 2022:Prime Minister Narendra Modi on Tuesday asserted that there is a huge difference between pre-2014 and post-2014 India, saying the country is now moving ahead at an "unprecedented speed and scale" as he underlined that it is now the fastest-growing large economy and ranked first in several sectors. Addressing the Indian diaspora in Indonesia at an event in Bali, Modi said India is a ray of hope for the world in the 21st century. Modi said that there is a huge difference between India before and after 2014, the year when his government came into power. The Modi-led BJP government was voted to power in 2014. The ruling BJP again swept back to power in the 2019 general elections. "Today, India is the fastest-growing large economy in the world," Modi said amid a huge round of applause. The prime minister said that India is number 1 today in digital transactions, global fintech, IT outsourcing, smartphone data consumption and vaccine manufacturing. And this has become possible because "today's India doesn't think small. Today India is going ahead at unprecedented scale and speed", he said. "We…

PM Modi Chairs Meeting With Economists At NITI Aayog; Discusses ... By PTI Tue, 30 Dec 2025 08:23 PM (IST) Source: PTI Related Articles Prime Minister Narendra Modi on Tuesday called for mission-mode reforms across diverse sectors to sustain long-term growth to achieve the vision of Viksit Bharat by 2047. Interacting with a group of eminent economists and experts at NITI Aayog ahead of Union Budget for 2026-27, Modi also made a case for building world-class capabilities and attaining global integration. The theme of the interaction was 'Aatmanirbharta and Structural Transformation: Agenda for Viksit Bharat'.He stressed that India's policy-making and budgeting must remain anchored with the vision for 2047. ALSO READ: Delhi High Court Pulls Up DMRC Over Delay, Orders Vacation Of Yamuna Site By March 2026 The Prime Minister spoke about the need to ensure that the nation remains a vital hub for the global workforce and international markets. Speaking about Viksit Bharat as a national aspiration, he noted that the vision of a developed India by 2047 has transcended government policy to become a genuine mass aspiration. During the interaction, the economists shared strategic insights on…

Prime Minister Mr. Narendra Modi Highlights India's 7.7% Growth in FY26 ... Prime Minister Mr. Narendra Modi highlighted India’s strong economic performance after the country recorded 7.7% growth in FY26, reaffirming its position as the world’s fastest-growing major economy. Addressing a public gathering in Daman, he described the latest growth figures as evidence of the strength and resilience of India’s economic foundations. The economy also expanded by 7.8% in the quarter ended March 31, 2026, reflecting sustained momentum despite a challenging global environment marked by economic uncertainty and slower growth in several regions. The Prime Minister noted that the achievement demonstrates the effectiveness of India’s development strategy and the growing strength of domestic economic drivers. The robust growth performance has been supported by continued investments, rising economic activity and policy initiatives aimed at strengthening productivity and competitiveness across sectors. The Prime Minister attributed the strong economic growth to ongoing reforms, large-scale infrastructure development and welfare initiatives that have improved livelihoods and expanded economic oppo…

Why is Atmanirbharata Important? PM Modi Explains in Kerala Amid ... Updated 11 March 2026 at 17:14 IST Prime Minister Narendra Modi said that the ongoing war in the Gulf has taught India the importance of self-reliance yet again, after the Covid pandemic and the Ukraine crisis. Satyaki Baidya India News 3 min read Follow : Why is Atmanirbharata Important? PM Modi Explains in Kerala Amid Global Oil Crisis as Iran War Rages | Image: ANI/File Ernakulam (Keralam): Prime Minister Narendra Modi has underlined the importance of ‘ Atmanirbharata ’ or self-reliance, once again, as the war in Iran has entered its twelfth day, while blaming the Congress and its Left allies for making the country increasingly dependent on foreign countries for their energy resources while they were in power. “On one hand, the BJP-NDA is working tirelessly to make the country Atmanirbhar . Meanwhile, the Congress and the Left are busy mocking the Atmanirbhar Bharat Abhiyan. The Congress and the Left have run governments together. They have made the country increasingly dependent on foreign countries,” PM Modi said while addressing a rally in Ernakulum on Wednesday. The Prime Minister claimed that …

India's policymaking must account for uncertainty: PM's principal secretary New Delhi:Any policymaking by the Government of India must account for uncertainty, with a focus on a comprehensive framework and an outcome-oriented, constructive mindset, said P K Mishra, principal secretary to the Prime Minister, on Sunday. Addressing at the Business Standard Manthan Summit in Delhi, Mishra highlighted the government’s strategy in managing major global crises such as the pandemic, the Ukraine-Russia conflict, and instability in West Asia. Mishra gave Prime Minister Narendra Modi credits for guiding India through these challenges and making India “atmanirbhar” (self-reliant). Mishra spoke about several challenges faced by the Indian economy, including geopolitical tensions, disruptions in global supply chains, and the energy transition. “During the COVID-19 pandemic, when the entire world, including India, appeared to be in turmoil, India was able to navigate the challenges effectively and successfully. The government implemented several economic reforms and provided stimulus packages, restoring the growth momentum,” he said. Also Read:PM’s principal secretary PK Mishra calls for exp…

foreign policy legacy of Manmohan Singh - bhaskarenglish.in English News Originals Foreign Policy Legacy Of Manmohan Singh Impact Makers The quiet architect of India's foreign policy: Held secret talks with Musharraf on Kashmir; Obama called him ‘Thoughtful, Wise, Honest’ 2 years ago Author: Shalini Rai Copy link Former Prime Minister Manmohan Singh left a big impact on India’s foreign policy. He used a practical approach and worked to build strong relationships with other countries. Singh built on the work of previous leaders and focused on India's national interests. While many people recognize his economic achievements, his work in foreign policy was also important. During his time in office, he had many successes that improved India's position in the world, but there were also some mistakes, especially with neighboring countries. We are examining Dr. Manmohan Singh's vision of international relations with two distinguished experts. Prof. Rajan Kumar from JNU brings his expertise in foreign affairs, while Dr. Shailendra Deolankar offers insights as an International Relations specialist. What was Dr. Manmohan Singh's initial approach to foreign policy when he became Prime Minist…

India has scripted a new chapter of development under PM Modi ... A Correspondent DIBRUGARH:Union Minister of Ports, Shipping & Waterways (MoPSW)Sarbananda Sonowalsaid that India had witnessed significant progress in development, governance and public welfare during the 12 years of Prime Minister Narendra Modi’s tenure and called on citizens to contribute towards the goal of building a developed India by 2047. Sonowal was addressing a “Prabuddha Nagarik Sanmilan” (Enlightened Citizens’ Conference) organised by the Dibrugarh district unit of the Bharatiya Janata Party to mark the 12 years of the Modi government at the Centre. Union Tribal Affairs Minister Juel Oram, MLA Prasanta Phukan, Dibrugarh Mayor Saikat Patra, Deputy Mayor Ujjwal Phukan, BJP OBC Morcha state president Subhash Dutta, BJP Dibrugarh district president Dulal Bora and Kanoi College Principal Dr Shashikanta Saikia were among those present at the event. Addressing the gathering, Sonowal said the country had entered “a new chapter of development, confidence, good governance and public welfare” under Modi’s leadership over the past 12 years. “Under the leadership of Prime Minister Narendra Modi, India has scripted…

PM Modi hails FY26 GDP growth of 7.7%, says India's momentum ... - CNBCTV18 PM Modi hails FY26 GDP growth of 7.7%, says India's momentum remains strong India GDP grows 7.7% in FY26 and 7.8% in Q4, beating estimates, with strong manufacturing and services, PM Narendra Modi hails resilience and vows more reforms. By Megha Rani June 5, 2026, 6:52:45 PM IST (Published) 3 Min Read (Photo Credit : PM Modi before Parliament budget session. ) Prime Minister Narendra Modi on Friday hailed India's stronger-than-expected economic growth after official data showed the economy expanded 7.7% in FY26 and 7.8% in the January-March quarter, outperforming market estimates. Reacting to the data, Modi said in a post on X, "India’s growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore Indians." He added that the government would leave "no stone unturned" to further improve "Ease of Living," "Ease of Doing Business" and create more opportunities for the country's youth. According to the Provisional Estimates released by the Ministry of Statistics and Programme…

India emerging as 'trusted partner' to the world: PM Modi Mr. Modi also said that this is a defining period in India's journey, where aspirations are reaching new heights