India will fail to plug jobs gap even with 7% growth, says Citi

India will fail to plug jobs gap even with 7% growth, says Citi

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. Citi estimates India will need to create about 12 million jobs … Read more

Modi’s Moscow visit to stem international perception, allay Russia’s worries of ‘drift’ in ties

Modi’s Moscow visit to stem international perception, allay Russia’s worries of ‘drift’ in ties

A file photo of Prime Minister Narendra Modi and Russian President Vladimir Putin. | Photo Credit: ANI Prime Minister Narendra Modi’s visit to Moscow for a standalone State visit from July 8 to 9 to meet Russian President Vladimir Putin that is expected to focus on strategic, economic and military ties, will reverse the perception … Read more

U.S., India share unique bond of friendship: White House

U.S., India share unique bond of friendship: White House

U.S. White House National Security Communications Advisor John Kirby speaks during a press briefing at the White House in Washington, U.S., June 17, 2024. | Photo Credit: Reuters As the world’s two oldest and largest democracies, the United States and India share a unique bond of friendship and National Security Advisor Jake Sullivan’s visit will … Read more

Narendra Modi’s first foreign trip likely to be Italy; PM Giorgia Meloni invites him for G7 summit starting Thursday

Narendra Modi’s first foreign trip likely to be Italy; PM Giorgia Meloni invites him for G7 summit starting Thursday

Prime Minister Narendra Modi’s first foreign visit will likely be to Italy. Following his re-election, PM Modi has accepted invitation from Italian Prime Minister Giorgia Meloni to participate in the G7 Summit, scheduled from June 13 to 15 in Borgo Egnazia, Apulia. According to a statement from the Ministry of External Affairs, Modi conversed with … Read more

Narendra Modi swearing-in: Several roads near Rashtrapati Bhawan out of bounds between 2 p.m.-11 p.m.

Narendra Modi swearing-in: Several roads near Rashtrapati Bhawan out of bounds between 2 p.m.-11 p.m.

A security personnel keeping a vigil near Parliament House in New Delhi on June 8, 2024 | Photo Credit: Sushil Kumar Verma In view of Prime Minister-designate Narendra Modi’s swearing-in ceremony this evening, the Delhi Traffic Police has made special arrangements and issued an advisory on diversions and restrictions in the vicinity of the Rashtrapati … Read more

Modi premium for Indian stocks gets a hard look after elections

Modi premium for Indian stocks gets a hard look after elections

In recent years, investors bullish on Indian equities have cited the promise of policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. … Read more

The Hindu Morning Digest: June 7, 2024

The Hindu Morning Digest: June 7, 2024

Youth participating in the BJP’s Vikasit Bharat programm in Bengaluru. File photo | Photo Credit: Special Arrangement Modi likely to take oath as Prime Minister on June 9 Newly elected MPs of the BJP-led National Democratic Alliance are expected to meet on June 7 to elect Narendra Modi as their leader, paving the way for him to … Read more

How results of Lok Sabha polls will impact sensex, Nifty

How results of Lok Sabha polls will impact sensex, Nifty

Indian stocks need Prime Minister Narendra Modi’s party to win more than 303 seats in the general election to extend their record rally, according to a Bloomberg News survey of market participants. A smaller majority for the ruling Bharatiya Janata Party may lead to a drop of about 2% in the NSE Nifty 50 Index, … Read more

BJP eyes record victory, Congress pushes ‘migrant’ narrative to stay relevant in battleground Varanasi

BJP eyes record victory, Congress pushes ‘migrant’ narrative to stay relevant in battleground Varanasi

Congress leader Priyanka Gandhi Vadra, Samajwadi Party leader Dimple Yadav and INDIA coalition candidate from Varanasi constituency Ajay Rai of the Congress during a roadshow in Varanasi on May 25. | Photo Credit: PTI For Sudhir Maurya, it’s a third consecutive Lok Sabha election campaign trip to Varanasi in the last 10 years. Mr. Maurya, … Read more