Oil & steel of 21st century? India needs to catch up in AI race amid US–China rivalry, economic survey warns

AI-generated image “There is no time to waste,” the Economic Survey 2025–26 cautioned, as India confronts a rapidly hardening global order where technological capability, rather than military strength alone, will determine strategic influence. In an era marked by intensifying US–China rivalry and the emergence of America’s Pax Silica vision for the AI-driven world, the Survey…

Read More
Economic Survey 2025–26 sees gold, silver prices staying elevated amid global uncertainty

Economic Survey 2025–26 sees gold, silver prices staying elevated amid global uncertainty

Gold and silver prices are likely to remain elevated unless global geopolitical tensions ease and trade wars are resolved, the Economic Survey 2025–26 said, pointing to sustained safe-haven demand amid heightened uncertainty.The survey, tabled in Parliament, noted that both precious metals touched lifetime highs in 2025, driven by a weakening US dollar, expectations of persistently…

Read More
Economic Survey 2026: Will India-US trade deal be sealed this year? What the document says

Economic Survey 2026: Will India-US trade deal be sealed this year? What the document says

India’s ongoing trade talks with the United States may finally reach the finish line this year, the Economic Survey 2026 has suggested. The Economic Survey, presented in Parliament by finance minister Nirmala Sitharaman on Thursday, said the development would help in bringing down uncertainty on the external front.“At the same time, ongoing trade negotiations with…

Read More
'We failed our customers': Why IndiGo CEO says December disruptions lasted only 'three days'

‘We failed our customers’: Why IndiGo CEO says December disruptions lasted only ‘three days’

IndiGo CEO says December disruptions lasted only ‘three days’ NEW DELHI: After lakhs of IndiGo passengers were left stranded in December, CEO Pieter Elbers, in a first press interaction after the flight disruption last month, said that the airline failed its customers ‘for three days’.When the media pointed out that the disruptions went on for…

Read More
India–EU FTA: A calculated leap beyond comfort zones

India–EU FTA: A calculated leap beyond comfort zones

By Agneshwar SenThe conclusion of the India–European Union Free Trade Agreement marks a defining moment in India’s contemporary trade diplomacy. Beyond tariff schedules and market access gains, the agreement signals a conscious shift in India’s approach to economic integration—away from the instinctive caution that has shaped its trade policy for much of the past decade,…

Read More
‘Sour grapes?’ Piyush Goyal hits back at Congress for calling India-EU FTA deal 'hugely-hyped'

‘Sour grapes?’ Piyush Goyal hits back at Congress for calling India-EU FTA deal ‘hugely-hyped’

NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday strongly rebutted Congress leader Jairam Ramesh’s criticism of the India-European Union free trade agreement (FTA), questioning the opposition’s credibility and defending the pact as a landmark, win-win economic deal that could unlock major growth and employment opportunities for India.Responding to an X post by Ramesh…

Read More