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

Smart Cities Mission for Urban India fails to deliver


The Smart Cities Mission, launched in 2015, aimed to transform urban India into efficient, sustainable, and citizen-friendly hubs. However, seven years later, the initiative has failed to deliver, leaving cities grappling with chaos and disarray.

At the root of this failure lies the collapse of grassroots democracy. The 74th Constitutional Amendment, intended to empower local self-governance, has been rendered ineffective due to limited autonomy and flexibility. Panchayati Raj institutions meant to be the bedrock of decentralized governance, remain weak and marginalized.

City governments lack the autonomy to make decisions, crippled by inadequate resources and capacity mobilization. Multiple decision-making bodies, overlapping jurisdictions, and unclear devolution of power have created a bureaucratic quagmire. Zero accountability and lack of fiscal autonomy have reduced local bodies to mere puppets of state governments, treated as fiefdoms or vassals.

Rapid urbanization has outpaced resource mobilization and capacity building, despite urban India generating two-thirds of the country's GDP and 90 per cent of government revenue. This disconnect has resulted in inadequate infrastructure, poor public services, and unchecked sprawl.

The time has come to address this great urban predicament. India needs to rethink its approach to urban governance, empowering local bodies with autonomy, resources, and capacity to drive change. Only then can our cities become the engines of growth and prosperity they were meant to be.