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Tourism to Contribute 10% to GDP by 2030

Business Standard

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May 31, 2025

India's tourism sector should contribute 10 per cent to India's economy by 2030, in line with global benchmarks, Tourism and Culture Minister Gajendra Singh Shekhawat (pictured) said on Friday.

- BS REPORTER

Tourism to Contribute 10% to GDP by 2030

"India will align with global standards, with 10 per cent of GDP coming from tourism. As our economy grows, parallelly our aspirational class will grow and those people that have emerged from below the poverty line will commonly go for spiritual tourism," the minister said at the CII Annual Business Summit.

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Govt may open bids to onboard 15K Nvidia GPUs

The Centre is likely to soon open another round of bidding to onboard about 12,000-15,000 B100 and B200 graphic processing units (GPUs) from Nvidia under the IndiaAI Mission, sources told Business Standard on Thursday.

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2 mins

January 09, 2026

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Indices fall 1% on tariff uncertainty

Indian equity benchmarks Sensex and Nifty posted their steepest one-day drop in more than four months amid heightened uncertainty over US trade tariffs.

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2 mins

January 09, 2026

Business Standard

Premiumisation may have driven Q3 realty growth

Top listed real estate developers are expected to deliver a healthy performance in terms of presales and earnings forthe third quarter of 2025-26 (Q3FY26), supported by festival demand, resilient buyer sentiment, steady launches, premium sales, and strong collections.

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2 mins

January 09, 2026

Business Standard

Health sector seeks tax relief, rationalised rates

Health care, medtech, and pharma companies have urged the government to use the Union Budget 2026-27 to ease tax pressures, boost domestic manufacturing, and step up investments in research, innovation, and preventive care.

time to read

2 mins

January 09, 2026

Business Standard

BofA gets showcause notice from Sebi for alleged insider trading

India’s market regulator, the Securities and Exchange Board of India (Sebi), has sent a show cause notice to US-based Bank of America (BofA) for allegedly breaking insider trading rules, linked to a 2024 share sale of Aditya Birla Sun Life Asset Management.

time to read

1 min

January 09, 2026

Business Standard

Bajaj Finserv completes Allianz stake buyout in insurance arms

Bajaj Finserv on Thursday said it had completed the acquisition of Allianz SE’s stake in Bajaj General Insurance and Bajaj Life Insurance worth ₹12,190 crore and ₹9,200 crore, respectively.

time to read

1 min

January 09, 2026

Business Standard

Samsung forecasts threefold jump in Q4 profit on AI boom

SamsungElectronics Thursday projected a threefold jump in fourth-quarter operating profit from a year earlier to a record high as tight supply and a surge in artificial intelligence-driven demand stoked prices for conventional memory chips.

time to read

1 min

January 09, 2026

Business Standard

On-demand house help mkt becomes two-horse race in urban India

Capital, labour flock to Urban Company, Snabbit as speed becomes currency of convenience

time to read

2 mins

January 09, 2026

Business Standard

Trump says US oversight of Venezuela could last years

US Prez invites Colombia leader; Senate to vote on Trump's powers over future overseas attacks

time to read

2 mins

January 09, 2026

Business Standard

IDFC FIRST reduces savings account rates

Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, according to its website.

time to read

1 min

January 09, 2026

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