Latest News: Indian share markets will be open for trading on Sunday, February 01, as the Union Budget is being presented on that day * Key Highlights of Economic Survey 2025–26: GDP & GVA Growth Estimates for FY 2026: First advance estimates at 7.4% and 7.3% respectively * India’s Core Growth Projection: Around 7%, with real GDP growth for FY 2027 expected between 6.8% and 7.2% * Central Government Revenue: Rose to 11.6% of GDP in FY 2025 * Non-Performing Assets: Declined to a multi-decade low of 2.2% * PMJDY Accounts: Over 552 million bank accounts opened by March 2025; 366 million in rural and semi-urban areas * Investor Base: Surpassed 120 million by September 2025, with women comprising ~25% * Global Trade Share: India’s export share doubled from 1% in 2005 to 1.8% in 2024 * Services Export: Reached an all-time high of $387.6 billion in FY 2025, up 13.6% * Global Deposits: India became the largest recipient in FY 2025 with $135.4 billion * Foreign Exchange Reserves: Hit $701.4 billion on January 16, 2026—covering 11 months of imports and 94% of external debt * Inflation: Averaged 1.7% from April to December 2025 * Foodgrain Production: Reached 357.73 million metric tons in 2024–25, up 25.43 MMT from the previous year * PM-Kisan Scheme: Over ₹4.09 lakh crore disbursed to eligible farmers since inception * Rural Employment Alignment: “Viksit Bharat – Jee Ram Ji” initiative launched to replace MGNREGA in the vision for a developed India by 2047 * Manufacturing Growth: 7.72% in Q1 and 9.13% in Q2 of FY 2026 * PLI Scheme Impact: ₹2 lakh crore in actual investment across 14 sectors; production and sales exceeded ₹18.7 lakh crore; over 1.26 million jobs created by September 2025 * Semiconductor Mission: Domestic capacity boosted with ₹1.6 lakh crore invested across 10 projects * Railway High-Speed Corridor: Expanded from 550 km in FY 2014 to 5,364 km; 3,500 km added in FY 2026 * Civil Aviation: India became the third-largest domestic air travel market; airports increased from 74 in 2014 to 164 in 2025 * DISCOMs Turnaround: Recorded first-ever positive PAT of ₹20,701 crore in FY 2025 * Renewable Energy: India ranked third globally in total renewable and installed solar capacity * Satellite Docking: India became the fourth country to achieve autonomous satellite docking capability * School Enrollment Ratios: Primary – 90.9%, Upper Primary – 90.3%, Secondary – 78.7% * Higher Education Expansion: India now has 23 IITs, 21 IIMs, and 20 AIIMS; international IIT campuses established in Zanzibar and Abu Dhabi * Maternal & Infant Mortality: Declined since 1990, now below global average * E-Shram Portal: Over 310 million unorganised workers registered by January 2026; 54% are women * National Career Service Portal: Job vacancies exceeded 28 million in FY 2025 and crossed 23 million by September 2026

India's iron industry capable of emitting less and producing more


New Delhi: “The iron and steel industry is an emission-intensive sector. A new analysis shows it is possible to bring down carbon dioxide emissions from the iron and steel sector drastically by 2030, while more than doubling India’s output of steel,” said Sunita Narain, director general of the Centre for Science and Environment, speaking at a day-long stakeholder workshop organized here on ‘Decarbonising India’s Iron and Steel Sector by 2030 and Beyond’.

The workshop discussions were based on CSE’s latest report on the subject -- Decarbonizing India: Iron and Steel Sector – which gives detailed insights into GHG emissions from the sector and its future emission scenarios. The speakers and participants included Ruchika Chaudhry Govil, additional secretary, Union ministry of steel; Richa Sharma, additional secretary, Union ministry of environment, forest and climate change; Parmjeet Singh, additional industrial advisor, Union ministry of steel; Andrew Purvis, director, World Steel Association; and some top industry representatives.

Said Nivit Yadav, programme director, industrial pollution, CSE: “The iron and steel sector is a hard-to-abate sector in terms of greenhouse gas emissions; at the same time, it is a critical contributor to the economic development of the country. Globally, the sector accounts for some 7 per cent of total GHG emissions; in India, the sector’s share is 5 per cent as per the latest Biennial Update Report submitted to UNFCCC in 2016.”

The workshop navigated the issues of fuel shift, low carbon technology, energy efficiency, increasing generation and usage of steel scrap and carbon capture utilisation and storage for the Indian iron and steel sector.

Another prominent pathway advocated by in report is increasing the use of steel scrap. India is making efforts to increase its domestic steel scrap generation through various sources like vehicles, construction, shipping etc, especially with the passage of the Steel Scrap Recycling Policy and the Vehicular Scrappage Policy.

As the sector plans to double its production by 2030 with 60-65 per cent production based on coal-intensive technology -- blast furnace-basic oxygen furnace -- steel players are actively considering the option of carbon capture utilisation and storage. At the workshop, the panellists elaborated on the national and international scenarios for the economic and technological viability of CCUS for the sector.

“The bottom line is that it is possible to bend the CO2 curve even for a sector like iron and steel. Countries like India can develop while drastically reducing their GHG emissions. The only question is if the rich world will accept the imperative of climate justice and provide the funds for the technology transformation necessary for a future-ready industry,” said Narain while concluding the workshop.