NITI AAYOG REPORT
Money unspent is welfare denied
A significant portion, nearly 25%, of welfare funds earmarked for Scheduled Castes by central ministries remains unutilised in 2024-25, highlighting a persistent issue of underutilisation in public expenditure. To address this, a shift towards consolidated funding and targeted programs managed by the social justice ministry is proposed. This aims to improve efficiency, broaden beneficiary reach, and enhance program evaluation.
Apple plans to ramp up iPhone production in India to accelerate manufacturing shift from China
Apple intends to significantly increase iPhone production in India. This move aims to shift manufacturing away from China. The goal is to mitigate business risks from the Sino-US trade situation. India's iPhone output could rise to 70-80 million by 2026. India may become a key iPhone supplier to the US. Government support will be crucial for this expansion.
Vietnam stole a march on India. It's India's time now
Alphabet is planning to shift some Google Pixel production from Vietnam to India, aiming to de-risk amid US tariff threats. This marks a significant turn, as Vietnam had been the biggest winner of the “China Plus One” strategy after Covid disrupted Chinese supply chains. The move signals India’s growing role in global electronics manufacturing, especially for US-bound devices.
Niti member bats for GM edible oils for self-sufficiency
Niti Aayog member Ramesh Chand has advocated for India to embrace GM edible oils to boost self-sufficiency, citing significant yield improvements seen in the US and China. He has suggested stringent labeling to address consumer concerns regarding GM produce.
Indian scientists submit detailed project report to develop new semiconductor material
The proposal is for the development of 2D semiconductors using ultra-thin materials like graphene and transition metal dichalcogenides. These materials can enable chip fabrication at the angstrom scale, that could enable chip sizes as small as one-tenth of the smallest chips currently in global production and develop India's leadership in semiconductors.
Indian scientists submit detailed project report to develop new semiconductor material
Indian Institute of Science proposes developing 'angstrom-scale' chips using 2D materials like graphene, aiming to surpass current silicon-based technologies. Submitted to the government, the project seeks ?500 crore over five years to establish indigenous next-generation semiconductor technology. With global interest growing in 2D materials, India aims to secure a leadership position in this post-silicon era.
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Manufacturing base and cost advantages to make India a leader in global auto component market: NITI Aayog
NITI Aayog's report highlights India's potential to lead the global automotive component market, driven by its growing manufacturing base and cost advantages. Auto component exports surged by 73% since FY21, reaching USD 12.8 billion in FY24, with key destinations being North America and Europe. Simultaneously, imports have also increased, with China being the largest supplier.
Smart tech, self-driving and safety features to dominate auto industry by 2030: Niti Aayog report
A NITI Aayog report indicates a major shift in the automobile sector by 2030. Safety features and electric vehicles are driving this change. Advanced Driver-Assistance Systems adoption will rise sharply. Autonomous driving technology will also increase significantly. Software will play a bigger role in vehicle value. Electric vehicle components will constitute a large portion of car value.
India lacks innovations in automobile sector, need to hike substantial investments in R&D: NITI Aayog
A NITI Aayog report reveals that India's automotive sector growth is hampered by insufficient innovation due to inadequate R&D infrastructure and low investment. This limits competitiveness in emerging technologies like EVs and autonomous driving. Minimal collaboration between industry, academia, and research further restricts progress, leading to reliance on foreign technologies.
As tariff wars rage, India tries to steal China's thunder
Trade war: Amidst the US-China trade tensions, India is strategically positioned to enhance its manufacturing and exports, potentially benefiting from new opportunities arising from Trump's tariffs. The US sees India as a crucial partner, encouraging deeper trade ties and supply chain diversification away from China.
NREGS daily minimum wage unlikely to see sharp increase
The government is unlikely to significantly increase the NREGS daily floor wage beyond the usual annual hike, despite panel recommendations, fearing inflationary pressure. A parliamentary panel suggested raising the wage to ?400 a day and increasing workdays to 150 annually. The government may scrutinize the scheme's effectiveness, with Niti Aayog evaluating it.
From ‘hopeless’ to a hotspot: India has second-mover advantage in the global AI race: Amitabh Kant
ET reported that globally, India led the way in AI hiring growth in 2024, recording a year-over-year increase of 33.39%. The country has also seen the highest increase globally in AI talent concentration between 2016 and 2024, at 252%, according to a recent report by Stanford.
NITI Aayog lays out roadmap to boost exports of hand and power tools
NITI Aayog proposes Rs 8,000 crore financial support, alongside labor and regulatory reforms, to boost India's hand and power tools exports. The aim is to capture a larger global market share, targeting $25 billion in exports and creating 3.5 million jobs. Addressing cost disadvantages and developing world-class clusters are crucial for achieving competitiveness against dominant players like China.
Cyberattacks pose potentially crippling consequences for national stability: Amitabh Kant
In 2024, the banking, financial services and insurance sectors witnessed a huge surge in the sophistication and diversity of cyberattacks and the average cost of data breaches reached almost $2.8 million in India, Kant said, adding that last year, Indian businesses faced over 3,000 cyber attacks per week.
Cost of semiconductor chips per vehicle to double to $1200 by 2030 due to tech advancement: NITI Aayog
The cost of semiconductor chips in vehicles is expected to double from $600 to $1,200 by 2030 due to increased use of advanced technologies like EVs, ADAS, IoT, and autonomous driving, according to NITI Aayog. This reflects a broader transformation in the auto industry, driving closer ties with tech sectors and boosting demand for high-tech components.
Karnataka may levy differential fee on app-based services to fund gig workers welfare
Karnataka is planning a differential levy on app-based aggregators to fund gig workers' welfare, with rates from 1% to 5% of worker commissions. A rights-based law, set via Ordinance, will establish a welfare board and grievance system. The levy rollout may take six months post public consultation and rule finalisation.
India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog
NITI Aayog envisions India's automotive component production soaring to USD 145 billion by 2030, with exports tripling to USD 60 billion. A new report analyzes the sector, highlighting opportunities and challenges to enhance India's global competitiveness. Strategic fiscal and non-fiscal interventions are suggested to boost India's role in global automotive markets.
NITI Aayog lays out roadmap to boost auto component manufacturing in India
In its report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains, released by NITI Aayog vice chairman Suman Bery on Friday, the Aayog has proposed fiscal incentives and non-fiscal interventions to help companies in the sector to scale up, match the global standards and enable India become part of the global value chain.
Govt flags science R&D challenges, plans 'Ease of Doing Research' overhaul
The Central government has asked over 350 heads of scientific institutes to identify challenges in scaling Research & Development (R&D) in India. This effort, led by NITI Aayog, aims to address bottlenecks in funding, regulatory hurdles, and coordination issues. The initiative seeks to create a more supportive environment for R&D, improving India's global competitiveness in science and technology.
"Dawai, ilaj par mehangai ki Bhajpai goli": Congress attacks Centre over handling of healthcare
Congress President Mallikarjun Kharge criticized the ruling party's handling of India's health system on World Health Day. He highlighted issues such as medical inflation, rising treatment costs, and insufficient government spending on healthcare. PM Narendra Modi emphasized healthy well-being. The government is committed to better health initiatives like Ayushman Bharat and the National Health Mission.
Piyush Goyal vs consumer startups; Sachin Bansal on Flipkart exit
Founders have defended India’s consumer internet ecosystem against remarks by union minister Piyush Goyal. This and more in today’s ETtech Top 5.
Govt to assess reciprocal tariffs announced by US President Trump in high-level meeting
The Prime Minister’s Office is holding a high-level meeting to evaluate the impact of the US' 27% reciprocal tariff on Indian goods. This follows US President Donald Trump's announcement of the tariffs, which are part of a broader strategy to address trade imbalances.
Who is Poonam Gupta, new deputy governor at RBI set to replace Michael Patra?
Poonam Gupta has been appointed as the Reserve Bank of India's Deputy Governor, succeeding Michael Patra. Gupta, a Lead Economist for India at the World Bank, brings extensive operational and policy experience, previously working at NCAER, World Bank, IMF, and other prestigious institutions.
Poonam Gupta, former World Bank economist, appointed as RBI's deputy governor ahead of MPC meet
The Reserve Bank of India (RBI) has appointed Poonam Gupta as its new Deputy Governor. Gupta, who currently serves as the Director General at the National Council of Applied Economic Research (NCAER), will succeed Michael Patra in the role. This appointment is part of the ongoing leadership changes within the RBI.
Tariff Blow: India faces risk of $31 billion export losses if Trump says 'it is 25%'
As the US prepares to implement new tariffs starting April 2, India's exports, especially in sectors like apparel and auto parts, face significant challenges. India is negotiating tariff cuts on US imports to mitigate impacts, while also exploring strategic opportunities to gain market share vacated by other countries.
US reciprocal tariffs unlikely to impact India much; may create opportunities: Niti Aayog Official
Niti Aayog Programme Director Pravakar Sahoo asserts that US reciprocal tariffs will minimally impact India and may present new opportunities. India, compared to Mexico, China, and Canada, is better positioned as these countries face higher tariffs. India and the US aim to double bilateral trade to USD 500 billion by 2030 amid ongoing negotiations.
Heartening news: Device made in India to help transplant patients
India plans to develop cost-effective left ventricular assist devices (LVADs) to aid end-stage heart failure patients while they wait for donor hearts. With an estimated 50,000 patients needing heart transplants annually but a severe shortage of donor hearts, indigenously made LVADs could reduce costs and increase foreign medical visitors. Development could take over five years with necessary approvals.
All key central schemes set for performance review next fiscal
The government will review central and sponsored schemes in the upcoming fiscal, focusing on spending quality, fund utilization and scheme outcomes. The five-year exercise aims to phase out redundant schemes and optimize fund use. Evaluations will consider scheme objectives, overlaps with state schemes, and performance by states, before presenting findings to the finance commission.
To fight fat, Niti Aayog works on age-based nutrition strategy
NITI Aayog is finalising an age-based lifecycle nutrition strategy to combat India's obesity crisis, emphasizing reducing marketing of unhealthy foods and promoting healthier options for adolescents and children. The plan includes targets for obesity reduction and an accountability framework, with recommendations expected by mid-year.
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