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India’s Nuclear Energy Expansion: Russia, France, and the US Eye Small Modular Reactors India's growing energy needs have led to increased global interest in its nuclear energy sector. Russian nuclear giant Rosatom has proposed offering India its expertise in developing small modular reactors (SMRs), which could be installed in coastal areas. This potential collaboration aligns with India's goal of achieving 100 gigawatts (GW) of nuclear energy by 2047. Russia's Role in India's Nuclear Ambitions Rosatom, a leading player in the global nuclear industry, has been involved in India's nuclear energy sector for years. It is currently constructing the Kudankulam Nuclear Power Project and has decades of experience in SMR technology. The company has already developed operational SMRs and previously offered India assistance in building small tropical nuclear power stations. These stations could be localized to include Indian-built components. In 2024, Rosatom signed an a...

DeepSink: India's Growth Stalls, AI Could Worsen the Crisis, Warns Economic Survey 2025 Slowing Economy, Global Uncertainty, and AI Disruptions Threaten Modi’s 2047 Vision of a ‘Developed India’ If you think the economy is struggling now, the future may not bring much relief. Artificial intelligence is also emerging as a significant threat to jobs. That’s the sobering takeaway from the government’s annual economic assessment. The Economic Survey anticipates sluggish growth in the coming years, with only a marginal improvement expected in the next financial year, which begins in April. The report, traditionally released before the Union Budget, estimates GDP growth at 6.4% for the current year—marking the slowest pace since the pandemic. For the next year, predictions range between 6.3% and 6.8%, far below the 8% growth required over a sustained period to achieve Prime Minister Narendra Modi’s ambitious goal of turning India into a developed nation by 2047. What’s Hindering Gr...

Union Budget 2025 Live Updates: Nirmala Sitharaman Presents Modi 3.0’s First Full-Year Budget Finance Minister Nirmala Sitharaman is set to present her eighth consecutive Union Budget on February 1, 2025. She arrived at the Rashtrapati Bhavan to meet President Droupadi Murmu before heading to Parliament. The budget is expected to focus on tax relief and economic growth, aiming to balance fiscal prudence with development goals. Sitharaman’s Budget Priorities With India's GDP projected to grow between 6.3% and 6.8% in FY26, the Economic Survey emphasizes reforms in land, labor, and regulations to achieve the long-term vision of "Viksit Bharat" by 2047. The Finance Minister will present a digital budget using a tablet enclosed in a traditional ‘bahi-khata’ pouch, continuing a practice she introduced in 2019 to replace the colonial-era budget briefcase. Stock Market Reacts The Indian stock market opened positively ahead of the budget announcement. The BSE Sensex rose by ...