📊 Index & Rankings
The International Monetary Fund (IMF) has revised India’s GDP forecast for both 2025 and 2026 to 6.4%, up from previous estimates of 6.2% and 6.3%.
This positions India as the fastest-growing major economy:
| Country | 2025 Growth |
|---|---|
| 🇮🇳 India | 6.4% |
| 🇨🇳 China | 4.8% |
| 🇺🇸 United States | 1.9% |
Attributed to a favorable global financial climate, weaker US dollar, and improved external environment. On FY basis: FY2025 – 6.7%, FY2026 – 6.4%.
Reliance Industries Ltd (RIL) secured the 88th spot globally on the Fortune Global 500 list (2025), making it the top-ranked Indian company.
Key highlights:
- Rise from 155th in 2021 – a 67-rank climb over four years
- Featured for 22 consecutive years – longest-listed Indian private company
Other Indian companies on the list:
| Company | Rank |
|---|---|
| Reliance Industries | #88 |
| LIC | #95 |
| Indian Oil Corporation | #127 |
| State Bank of India | #163 |
| ONGC | #181 |
| HDFC Bank | #258 |
| Tata Motors | #283 |
| BPCL | #285 |
| ICICI Bank | #464 |
🇮🇳 National News
During the 124th edition of Mann Ki Baat, Prime Minister Narendra Modi launched the Gyan Bharatam Mission.
Key objectives:
- Digitize over one crore ancient manuscripts
- Establish a National Digital Repository
- Offer global access to students and educators
The mission seeks to serve as a civilizational movement, connecting modern audiences with traditional Indian knowledge systems.
Communications Minister Jyotiraditya Scindia introduced the Sanchar Saathi mobile app, now available in Hindi and 21 regional languages.
The app has crossed 46 lakh downloads, allowing users to:
- Report suspicious calls and messages
- Block or trace lost or stolen phones
- Check for unauthorized mobile numbers linked to their identity
Part of the government’s push against cyber fraud, promoting inclusive digital safety across India.
The Indian Coast Guard launched its sixth Fast Patrol Vessel, named ‘Atal’, on July 29, 2025, at Vasco da Gama, Goa.
Specifications:
- Built by Goa Shipyard Ltd
- Length: 52 metres
- Weight: 320 tonnes
- Designed for coastal security, anti-smuggling, anti-piracy, and SAR operations
This move enhances India’s maritime defense and supports the vision of self-reliance in defense manufacturing.
The state of Andhra Pradesh signed an MoU with Tesseract US Inc. and YouTube Academy India to set up a Creator Academy.
Key details:
- Signed on January 29, 2025, in Singapore
- Witnessed by Nara Lokesh, AP’s Minister for Education, IT, and Electronics
The initiative seeks to strengthen the creative economy and empower content creators.
At Odisha-TEX 2025, the Odisha government signed 33 MoUs worth $902 million (₹7,808 crore).
Key details:
- Led by CM Mohan Charan Majhi
- Collaborations with 160+ textile firms including Page Industries, KPR Mills, Sportking
- Aligned with Odisha Apparel & Technical Textile Policy 2022
Target to create 1 lakh jobs by 2030, making Odisha a textile hub in eastern India.
DPIIT signed an MoU with Ather Energy under the Build in Bharat initiative to bolster electric vehicle (EV) manufacturing.
Key objectives:
- Promoting clean mobility solutions
- Providing mentorship, infrastructure, and innovation support
- Encouraging skill development for EV-related startups
- Establishing India as a global leader in sustainable transport
💼 Business & Economy
Reliance Jio has launched JioPC, a cloud-powered virtual desktop that transforms any TV with a Jio Set-Top Box into a PC.
Key features:
- Ubuntu OS, LibreOffice, Adobe Express, Microsoft Office (browser-based)
- Programming tools and AI utilities
- 4 CPUs, 8GB RAM, and 100GB cloud storage
- Plans begin at ₹599/month (contract-free)
Lacks webcam and printer support, requires stable internet connectivity.
🌐 International News
A powerful 8.7-magnitude earthquake hit near Russia’s Kamchatka Peninsula, prompting tsunami alerts across the Pacific.
Affected areas: Japan, Alaska, Hawaii, and the US West Coast.
Key details:
- Waves up to 4 metres high observed in Kamchatka
- Minor injuries and damage reported
- No major casualties
Experts warn of aftershocks and underline that the Pacific Ring of Fire remains highly unstable.
UK Prime Minister Keir Starmer announced the country’s intent to recognise Palestinian statehood if Israel:
- Ends its Gaza military operations
- Stops its West Bank annexation plans
- Commits to a peace process under the two-state solution
Follows support from France and the 140 countries that have already recognised Palestine. Emphasizes a growing international call for peace in the Middle East.
👔 Appointments
Shailesh Jejurikar has been appointed as the Global CEO of Procter & Gamble, effective January 1, 2026.
He becomes the first Indian to head the multinational FMCG giant.
Key details:
- Currently the COO; will replace Jon Moeller (transitioning to Executive Chairman)
- Joined P&G in 1989
- Previously led the Fabric & Home Care division
Credited with driving innovation, supply chain optimization, and global expansion.
🔬 Science & Technology
ISRO, in collaboration with NASA, will launch the NISAR (NASA-ISRO Synthetic Aperture Radar) mission from Sriharikota using the GSLV-F16 rocket.
Key features:
- Operates in Sun-synchronous orbit at 747 km altitude
- Uses dual-frequency radar: L-band (NASA) and S-band (ISRO)
- Provides detailed imaging of Earth every 12 days for 3 years
Applications: Disaster management, climate change monitoring, resource tracking, ecosystem mapping.
Data will be freely accessible worldwide, showcasing the strength of India-US space collaboration.
📅 Important Days
World Ranger Day, observed annually on July 31, honors rangers who have been injured or lost their lives in the line of duty.
It also recognizes the invaluable contributions of rangers in preserving natural and cultural heritage across the globe.
In India, Friendship Day will be celebrated on August 3, 2025. The UN-recognised International Day of Friendship is observed on July 30.
Background:
- Originally proposed by Joyce Hall
- Officially declared by the UN in 2011
Promotes peace, intercultural respect, and global solidarity. Traditions include exchanging friendship bands, cards and gifts, and spending time with friends.
🕊️ Obituaries
Lord Meghnad Desai, a distinguished Indian-origin economist and author, died on July 29, 2025, aged 85.
Background:
- Born in Vadodara (1940)
- Earned degrees from the University of Mumbai
- Member of the UK House of Lords
- Awarded the Padma Bhushan in 2008
Key works:
- Marxian Economic Theory (1973)
- Applied Econometrics (1976)
- Marxian Economics (1979)
- Marx’s Revenge (2002)
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