Business
India to become $5 trillion economy by 2024-25: Hardeep Singh Puri
Federal Minister Hadip Singh Puri stated on Thursday that India will become a $5 trillion economy by 2024-25 and a $10 trillion economy by 2030.
Speaking at the 8th National Forum of Public Affairs of India (PAFI) via video conference, Puri said: “I believe we are moving towards a $5 trillion economy and a $10 trillion economy in 2024-25. In 2030, from 2.7 trillion U.S. dollars to today’s 2.8 trillion U.S. dollars economy.”
His optimism stems from the fact that the pandemic has led to a series of different growth drivers in the country, such as the recovery of the health sector, exports, and the growth of the global manufacturing index-it ranks second in Cushman and Wakefield. Other factors include increased economic activity, the achievement of renewable energy targets, the highest foreign exchange reserves in history, and transformational initiatives such as Gati Shakti.
Puri pointed out that the country’s petrol consumption has increased by 16%, and diesel consumption has increased by 10% to 12% compared to before COVID.
“The stock market has risen 250% from its March 2020 low and hit the 62,000 mark, which is a major achievement in itself,” the union minister said.
Regarding the privatization of Air India, the Minister stated that given that the two bids were higher than the reserve price, this can only prove that Air India is a first-class asset.
He believes that the choice before the government is not between privatization and deprivatization, but between privatization and closing airlines.
In explaining the reasons for the success of Air India’s privatization, the Minister added that the government has learned lessons from past failures and regarded it as a major achievement because privatization was carried out during the COVID-19 pandemic. Some planes have been grounded, and the aviation industry has suffered heavy losses.
News Source: Mint
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
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Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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