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

Small Climb In Mean Temperatures Linked To Far Higher Chance Of Deadly Heat Waves


This could have grim implications for the future, because mean temperatures are projected to rise by 2.2 to 5.5 degrees Celsius by the end of this century in the low- and mid-latitude countries of the Asian subcontinent, the Middle East, Africa and South America.

“The impact of global climate change is not a specter on the horizon. It’s real, and it’s being felt now all over the planet,” said Amir AghaKouchak, UCI associate professor of civil & environmental engineering and co-author of the study, published today in Science Advances. “It’s particularly alarming that the adverse effects are pummeling the world’s most vulnerable populations.”

Using data gathered by the India Meteorological Department from 1960 to 2009, the UCI-led team analyzed changes in summer temperatures; the frequency, severity and duration of heat waves; and heat-related deaths.

They found that when mean summer temperatures in the South Asia nation went from 27 to 27.5 degrees Celsius, the probability of a heat wave killing more than 100 people grew from 13 percent to 32 percent – an increase of 146 percent.

In real terms, there were only 43 and 34 heat-related fatalities in 1975 and 1976, respectively, when the mean summer temperature was about 27.4 degrees Celsius. However, at least 1,600 people died from excessive heat in 1998, when the mean summer temperature was higher than 28 degrees Celsius.

The average number of heat wave days over the five-decade study period was 7.3 per year. The most heat wave days occurred in 1998 (18), when 1,655 people died, and 2003 (13), when 1,500 people died.

A global issue

India is currently home to over 1.3 billion people, nearly a quarter of whom live on less than $1.25 a day and have little to no access to electricity.

“In addition to India, populations in other developing countries in low- to mid-latitude regions are especially hard hit by these extreme heat events,” said lead author Omid Mazdiyasni, a UCI graduate student in civil & environmental engineering. “They lack air conditioning that people in richer countries rely on when the heat is unbearable, and they don’t have funds to escape to cooler climates.”

The study authors stressed that their findings should serve as a wake-up call for governments and international organizations to help improve the resilience of areas most vulnerable to climate change-induced weather events. But in the wake of last week’s news of the United States withdrawing from the Paris climate accord, they acknowledged the difficulty in building a broad-based coalition to tackle the issue.

“Given the quantifiable impacts of climate change in India and other developing nations in the coming decades, both rich and poor countries should be ramping up our efforts to combat global climate change instead of turning our backs on commitments we have made to the international community,” said co-author Steven J. Davis, UCI associate professor of Earth system science.

Researchers from UCLA, Boise State University, the Southern California Coastal Water Research Project, the Indian Institute of Technology Bombay and the Indian Institute of Technology Delhi also participated in the study, which was partially supported by the National Science Foundation.