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India's economic outlook has improved, with Crisil raising its GDP growth forecast for the current financial year to 7% from 6.5%, following a robust 8.2% growth in the second quarter. Chief economist Dharmakriti Joshi noted that this growth surpassed expectations, driven primarily by increased private consumption and significant gains in manufacturing and services. Despite a modest nominal GDP growth of 8.7% due to easing inflation, the first half of the year showed strong performance, although a slowdown to 6.1% is anticipated in the second half, influenced by higher US tariffs. Joshi highlighted that lower food inflation has encouraged discretionary spending, and the third quarter is expected to benefit from these trends. Additionally, government investment is likely to stabilize, while private investments may see a delayed increase, supported by GST rationalization and recent interest rate cuts by the Reserve Bank of India. 
Published: Nov 29 2025, 4 pmeznews.inIndia's exports to the United States, its largest market, have plummeted by 28.5% from May to October 2025, dropping from $8.83 billion to $6.31 billion, largely due to aggressive tariff hikes. The US imposed escalating duties, starting at 10% in April and reaching 50% by late August, making Indian goods among the most heavily taxed of any US trading partner. Key sectors, including gems, textiles, and smartphones, saw significant declines, with smartphone exports alone falling 36% to $1.50 billion. The Global Trade Research Initiative (GTRI) has called for the Indian government to expedite the Export Promotion Mission, which aims to enhance export competitiveness, particularly for MSMEs and labour-intensive sectors. GTRI also urged the removal of a 25% additional tariff on Indian goods to alleviate the burden on exporters. Without swift action, the initiative risks failing to meet its objectives, as funding remains limited.
Published: Nov 29 2025, 3 pmeznews.inIn October, the curtailment rate for solar generation in India reached approximately 12%, the highest since May, as Uttar Pradesh celebrated surpassing 1 gigawatt (GW) of residential rooftop solar capacity under the ‘Pradhan Mantri Surya Ghar Muft Bijlee Yojana’ (PMSG: MBY). This milestone, achieved by installing solar panels on 290,000 rooftops, benefits nearly 293,000 families with affordable or free electricity. The state added around 640 megawatts (MW) of capacity in FY25, significantly reducing reliance on conventional energy sources and saving approximately 4,000 acres of land. With over 972,886 applications received, the scheme has created around 50,000 jobs and boosted local economies. Households are saving between ₹800-2,500 monthly on electricity bills, while farmers gain access to affordable daytime electricity, enhancing agricultural productivity and economic stability. Uttar Pradesh now ranks third nationally in rooftop solar capacity, following Gujarat and Maharashtra.
Published: Nov 29 2025, 3 pmeznews.inIndiGo has announced the completion of necessary upgrades on 160 of its 200 A320 family aircraft, with inspections for the remaining 40 ongoing. The airline confirmed that no flights have been cancelled due to these checks, although some may experience minor delays. The upgrades are in response to a potential issue flagged by Airbus concerning the flight controls of A320 planes, attributed to intense solar radiation. IndiGo stated that it is collaborating closely with Airbus to ensure all required actions are taken promptly. The airline expressed confidence that inspections will be completed within the designated timeline. This proactive measure underscores IndiGo's commitment to safety and operational integrity as it navigates the challenges posed by environmental factors.
Published: Nov 29 2025, 3 pmeznews.inUnion Minister of Commerce and Industry Piyush Goyal announced on Saturday that India's economy has achieved an impressive 8.2% growth in the July-September quarter, bolstered by government reforms aimed at enhancing the ease of doing business. Speaking during a national padyatra in Gujarat to celebrate Sardar Vallabhbhai Patel's 150th birth anniversary, Goyal highlighted that the growth reflects successful measures to boost domestic manufacturing and exports, which have remained robust despite global trade uncertainties. He noted that merchandise exports rose by 0.63% to $254.25 billion during April-October, while services exports increased to $237.55 billion. This growth, surpassing China's 4.8%, is attributed to higher public investments, strong demand in services, and industrial output. Goyal reaffirmed India's position as the world's fastest-growing major economy, with manufacturing output rising by 9.1% and construction expanding by 7.2%.
Published: Nov 29 2025, 1 pmeznews.inIndian airlines, including IndiGo, Air India, and Air India Express, are currently addressing a critical software upgrade for 338 A320 family aircraft due to potential flight control issues linked to intense solar radiation. As of November 29, the Directorate General of Civil Aviation (DGCA) reported that over half of the affected fleet, specifically 189 planes, have undergone the necessary modifications. While there have been no flight cancellations, some flights are experiencing delays of 60 to 90 minutes as upgrades are implemented at various airline bases across the country. Air India confirmed that it has completed upgrades on 42 of its 113 impacted aircraft, while IndiGo has upgraded 143 of its 200 affected planes. The upgrades are expected to be finalized by 5:29 am on November 30, following directives from Airbus and the European Aviation Safety Authority (EASA) to ensure the safety and airworthiness of the aircraft.
Published: Nov 29 2025, 12 pmeznews.inThe Directorate General of Civil Aviation (DGCA) has issued an airworthiness directive prohibiting the operation of various Airbus aircraft models due to safety concerns linked to a software update. The directive, which affects numerous A319 and A320 family models, mandates compliance with specific modifications to ensure safety. This follows an incident involving an A320 that revealed a potential "solar radiation risk" that could compromise critical flight control data. Airbus has initiated immediate repairs for approximately 6,000 affected aircraft worldwide, leading to potential flight disruptions for Indian carriers such as Air India and IndiGo. Both airlines have acknowledged the directive and are collaborating with Airbus to implement necessary updates while striving to minimize passenger inconvenience. The situation underscores the importance of safety in aviation, with both airlines emphasizing their commitment to maintaining operational integrity during this process.
Published: Nov 29 2025, 11 ameznews.inThe World Trade Organization (WTO) reported a decline in its goods barometer, which fell to 101.8 in September from 102.2 in June, indicating a slowdown in global merchandise trade as the initial surge from front-loading orders ahead of US tariffs diminished. The baseline of 100 suggests growth in line with medium-term trends, although the data reflects a cooling in the transportation of goods worldwide. While air freight and container shipping continue to signal expansion, the automotive and electronics sectors have stabilised, and agriculture remains in contraction. The report highlights that US tariffs have disrupted international trade, leading to a 22% drop in imports from China, while shipments from countries like Vietnam and India have surged over 20%. The WTO forecasts a 2.4% growth in world trade volume for 2023, down from 2.8% in 2024, with a sharp slowdown anticipated to just 0.5% in 2024.
Published: Nov 29 2025, 11 ameznews.inAirbus announced a sweeping recall affecting 6,000 A320 family jets, over half of the global fleet, necessitating immediate repairs just ahead of a busy travel weekend in the U.S. This significant recall, one of the largest in Airbus's history, follows the A320's recent status as the most-delivered aircraft model, surpassing the Boeing 737. The repairs, primarily involving a software rollback, must be completed before the planes can resume flying, potentially leading to widespread flight delays and cancellations. Major airlines, including American Airlines, Lufthansa, and easyJet, are already adjusting schedules, with American Airlines expecting to complete fixes on 340 of its A320s by Saturday. The recall was prompted by a recent incident involving a JetBlue flight, which raised concerns about flight control data corruption due to solar flares. The European Union Aviation Safety Agency has mandated the repairs, further complicating an already strained maintenance landscape in the aviation industry.
Published: Nov 29 2025, 10 ameznews.inThe Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme, which provides ₹6,000 annually to landholding farmer families, extends beyond mere income support, acting as a digital enabler for modern agriculture in India. By facilitating direct benefit transfers, the scheme minimizes leakage, avoids delays, and eliminates middlemen, ensuring funds reach farmers directly. Mandatory KYC processes create a verified digital footprint, allowing agtech firms to assess credit risk and offer tailored advisory services. This digital infrastructure empowers farmers, enhancing their financial stability and reducing reliance on informal credit. However, challenges remain, including KYC completion and land record updates, which must be addressed for the scheme to reach its full potential. Moving forward, collaboration between agritech companies and the government is essential to develop meaningful services, ensuring that the benefits of PM-Kisan extend to the most vulnerable farmers and transform agriculture from survival to strategic growth.
Published: Nov 29 2025, 10 am
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