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

Path to a self-reliant India amid global trade conflicts…


Clear signals suggest that the Trump tariff shocks have jolted India awake, wounded its self-respect, and eroded trust in friendships. The positive aspect is that self-reliance will pave the way for a new India.

Soon, alternatives to all American brands and services will be sought. George Fernandes of the Janata Party had once kicked out Coca-Cola to open the market for the ‘Double Seven Cold Drink’. Hindu nationalist organisations and activists linked to the ‘Swadeshi’ movement must now step up and join the campaign to reduce dependence on America. 

Prime Minister Narendra Modi delivered his longest-ever Independence Day speech on August 15, lasting 103 minutes, emphasised’Atmanirbhar Bharat’ and national security amid the Trump administration’s tariff war. The speech presented a roadmap for ‘Viksit Bharat’ by 2047, prioritising indigenous technology, energy security, and economic resilience. 

India’s goal of self-reliance in defence production is also a response to the US-China conflict, as Trump’s restrictions on Chinese technology have disrupted global supply chains. The PM announced a ₹1 lakh crore ‘Viksit Bharat Employment Scheme’ and GST reforms to sustain India’s growth despite global economic instability. 

India is focusing on self-sufficiency in semiconductors and electric vehicles, with the announcement of its first indigenous semiconductor chip marking a major milestone. Additionally, self-reliance in jet engines and AI technology will position India as an independent player in the global tech war. 

Modi has set a target of increasing nuclear energy capacity tenfold by 2047, contrasting Trump’s reliance on oil and gas imports. While US sanctions on Russian oil and tariffs on Chinese solar panels have destabilised energy markets, India is advancing in green energy. 

The ‘Samudra Manthan Mission’ and ‘Hydrogen Mission’ will shield India from the global energy crisis, as Trump’s policies have driven up fuel prices. Expansion of the ‘PM-KISAN’ scheme and digital agricultural loans will provide relief to farmers. Eighty per cent of ‘Mudra Loan’ benefits will go to women, with a target of 50 per cent women in leadership roles by 2030. These measures position India as a model in addressing the global food crisis and women’s empowerment. 

Modi’s vision of a self-reliant India is a strong counter to Trump’s tariff war. By focusing on domestic production, energy independence, and tech innovation, India is forging ahead. 

The dream of a ‘Viksit Bharat’ by 2047 can only be realised if India strengthens its economy amid global turbulence. Modi’s policies chart a course toward a self-reliant, powerful, and just nation. Guided by the principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas’, India is carving a distinct identity on the global stage.