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On a random morning, a farmer in Rajasthan receives a government subsidy directly into his Jan Dhan account. A nurse in Patna verifies her identity at a hospital counter with a face scan. A student in Lucknow opens ChatGPT to prepare for a competitive exam. None of them thinks about what makes it possible. That is what infrastructure does: it disappears into the background of daily life until something forces it back into view.Data centres are being forced back into view. Around the world, the facilities that store data, run applications, and power artificial intelligence are under fire for the resources they consume – water, electricity, and land – in quantities that strain the cities built around them. In India, that conversation is arriving alongside one of the largest waves of digital infrastructure investment the country has ever seen. Before joining it, India needs to honestly answer one question that most of that debate skips: can it actually stop building these facilities?The answer, examined carefully, seems no. But the reason is more specific, and more important, than most people realise.<h2>The invisible engine</h2>According to the Press Information Bureau, UPI processed 18.39 billion transactions in June 2025 alone, worth over Rs 24.03 lakh crore, serving 491 million individuals, 65 million merchants, and 675 banks on a single platform. The National Payments Corporation of India reports that UPI accounts for 85 per cent of all digital transactions in India and nearly 50 per cent of all real-time digital payments globally.But here is what the debate rarely surfaces: UPI is not simply running on conventional server infrastructure. Artificial intelligence is already inside it. Earlier, NPCI's Chief Risk Officer Viswanath Krishnamurthy disclosed that the organisation is deploying AI-based analytical models to assign real-time risk scores to UPI transactions, a response to fraud on the platform climbing 85 per cent in FY 2023-24, with losses reaching Rs 1,087 crore. Speaking at Mumbai Tech Week 2026, NPCI Managing Director and CEO Dilip Asbe earlier highlighted that AI will be central to taking UPI from 750 million toward one billion daily transactions, through fraud detection, credit access, and multilingual voice onboarding for the next wave of users, as reported by Technology website TechCrunch.Aadhaar carries the same story. The AI and machine learning-based face authentication system developed entirely in-house by UIDAI has recorded over 130.5 crore cumulative transactions since its introduction in October 2022, with close to 102 crore of those occurring in FY 2024-25 alone, a growth rate that MeitY described as a 21.6 percent month-on-month jump in March 2025. The system runs welfare delivery across PM-JAY, PM Kisan, PM Awas, PM Ujjwala, and PM Internship, flagship government schemes reaching hundreds of millions of Indians. Every face scan on every one of those transactions runs an AI model on a server inside a data centre.The boundary between conventional digital infrastructure and AI infrastructure does not exist in India's public systems. AI is already built into them.Also read | <a href="https://www.wionews.com/business-economy/openai-discussed-giving-us-government-a-5-stake-what-it-could-mean-for-the-future-of-ai-1783099768026">OpenAI discussed giving US government a 5% stake: What it could mean for the future of AI</a><h2>The 100 million question</h2>In February 2026, OpenAI CEO Sam Altman disclosed in an article published in the Times of India, ahead of the India AI Impact Summit in New Delhi, that India has 100 million weekly active ChatGPT users, making it the platform's second-largest market globally after the United States, a position it has held for several months. India also has the largest student population using ChatGPT of any country on earth. Google's Gemini, meanwhile, is being offered free for 18 months to over 500 million Jio subscribers, with India ranking highest globally in Gemini usage for learning, according to Google.This is the dimension of the data centre debate that goes largely unacknowledged. The same people raising concerns about AI infrastructure expansion are, in enormous numbers, among the heaviest users of the AI products those facilities exist to power. Every ChatGPT query, every Gemini response, every AI-assisted search runs through a data centre drawing power from the grid and water from the city around it. The infrastructure being questioned outside city limits is being quietly used, at scale, every day, on the phones in people's pockets.This is not an argument against scrutiny. It is an argument for honesty about what, exactly, is being scrutinised.<h2>Not infrastructure, but sovereignty</h2>The case for domestic data centre capacity is not only an operational one. It is a sovereignty argument, and India has been building the legal architecture to support it for years.The Digital Personal Data Protection Act, enacted on August 11, 2023, and operationalised through DPDP Rules notified by MeitY on November 13, 2025, creates a rights-based, consent-driven framework governing how companies collect, store, and process the personal data of Indian citizens. The Reserve Bank of India has separately mandated that all payment system data be stored exclusively on Indian soil. Both frameworks only carry force if the physical infrastructure to underpin them exists within Indian jurisdiction.According to JLL's India Data Centre Market Report for the first half of 2025, India generates approximately 20 percent of global data while hosting only around three percent of global data centre capacity. That gap is a strategic exposure that no legislation can close without the infrastructure to match it. DPDPA is of limited consequence if Indian citizen data resides on servers in Singapore or Frankfurt, beyond the reach of Indian courts and regulators."When you are building a payments platform or a banking application in India, data localisation shapes architectural decisions from day one, where data is stored, how it moves between services, and how you handle latency-sensitive transactions in real time," Rama Krishna Sreepada, Co-Founder and Chief Architect at [x]Cube Labs, told WION. "The gap between the volume of data India generates and the infrastructure available to process it locally is where the real risk lives. When infrastructure is stretched, response times degrade, redundancy shrinks, and recovery windows get longer. For an end user, that is a failed transaction at a payment terminal or a banking app unavailable when it matters most."Also read | B<a href="https://www.wionews.com/technology/beyond-ai-models-anthropic-is-exploring-a-custom-ai-chip-with-samsung-here-s-why-it-matters-1783063066423">eyond AI models: Anthropic is exploring a custom AI chip with Samsung. Here's why it matters</a><h2>Why the world is betting on India</h2>The scale of committed investment makes the direction of travel unmistakable. Microsoft has pledged $17.5 billion toward data centre infrastructure in India, announced in December 2025. Google committed $6 billion to a facility in Andhra Pradesh in July 2025. The Adani Group announced $100 billion in AI-ready capacity by 2035, in partnership with both companies. According to Colliers, India's live data centre capacity will triple from 1,263 MW in 2024 to 4,500 MW by 2030. Deloitte projects total investment in the sector reaching up to $200 billion by 2030. The four largest global hyperscalers collectively planned up to $725 billion in capital expenditure for 2026, with approximately 75 percent directed toward AI infrastructure, according to company earnings disclosures and IEEE Communications Society analysis.This capital is not arriving out of goodwill. It is arriving because India's billion-scale digital population, its accelerating AI adoption, its data localisation requirements, and its improving infrastructure make it one of the most strategically consequential data centre markets in the world for the next decade."Rack power densities are increasing from around 15 kW to as much as 140 kW, while most new developments are being planned as Tier III and Tier IV facilities requiring greater power redundancy," said Gautam Saraf, Executive Managing Director, Mumbai and New Business at Cushman &amp; Wakefield, which advises hyperscalers, operators, and investors on data centre strategy across India. "Speed to power is now a critical determinant of project viability, with grid connection timelines increasingly shaping investment decisions."Watch | AI job shock? California study tracks rising layoffs since ChatGPT launch<a href="https://www.wionews.com/videos/ai-job-shock-california-study-tracks-rising-layoffs-since-chatgpt-launch-1783012300163/embed">https://www.wionews.com/videos/ai-job-shock-california-study-tracks-rising-layoffs-since-chatgpt-launch-1783012300163/embed</a><h2>The answer</h2>So the question of whether India can stop building data centres is not really about data centres at all. It is a question about whether India can afford to switch off the AI system authenticating 130 crore Aadhaar face scans annually. Whether it can remove the fraud detection layer from hundreds of millions of daily UPI transactions. Whether it can tell 100 million weekly ChatGPT users, the largest student AI user base on the planet, that the infrastructure powering their tools will not be built here.None of those are realistic options. "Every banking app, every UPI transaction, every digital lending decision runs on physical infrastructure somewhere, and the stability of those services is directly tied to the health of that infrastructure," Sreepada told WION. "Closing the data centre capacity gap is the next critical step in making that progress genuinely resilient at scale” he added.India must build this infrastructure. The only question that remains, and it is the more consequential one, is on whose terms, at what cost to its water systems and power grid, and with what accountability framework in place.That is exactly where Part 2 of this series begins.The infrastructure is non-negotiable. What happens inside it, around it, and because of it, that is where the real debate begins.

Microsoft put in $17.5 billion, Google $6 billion, Adani $100 billion. The world has already decided India needs this infrastructure. The question India has not answered yet is whether it will build it on its own terms or someone else's.

On a random morning, a farmer in Rajasthan receives a government subsidy directly into his Jan Dhan account. A nurse in Patna verifies her identity at a hospital counter with a face scan. A student in Lucknow opens ChatGPT to prepare for a competitive exam. None of them thinks about what makes it possible. That is what infrastructure does: it disappears into the background of daily life until something forces it back into view. Data centres are being forced back into view. Around the world, the facilities that store data, run applications, and power artificial intelligence are under fire for the resources they consume – water, electricity, and land – in quantities that strain the cities built around them. In India, that conversation is arriving alongside one of the largest waves of digital infrastructure investment the country has ever seen. Before joining it, India needs to honestly answer one question that most of that debate skips: can it actually stop building these facilities? The answer, examined carefully, seems no. But the reason is more specific, and more important, than most people realise. The invisible engine According to the Press Information Bureau, UPI processed 18.39 billion transactions in June 2025 alone, worth over Rs 24.03 lakh crore, serving 491 million individuals, 65 million merchants, and 675 banks on a single platform. The National Payments Corporation of India reports that UPI accounts for 85 per cent of all digital transactions in India and nearly 50 per cent of all real-time digital payments globally. But here is what the debate rarely surfaces: UPI is not simply running on conventional server infrastructure. Artificial intelligence is already inside it. Earlier, NPCI's Chief Risk Officer Viswanath Krishnamurthy disclosed that the organisation is deploying AI-based analytical models to assign real-time risk scores to UPI transactions, a response to fraud on the platform climbing 85 per cent in FY 2023-24, with losses reaching Rs 1,087 crore. Speaking at Mumbai Tech Week 2026, NPCI Managing Director and CEO Dilip Asbe earlier highlighted that AI will be central to taking UPI from 750 million toward one billion daily transactions, through fraud detection, credit access, and multilingual voice onboarding for the next wave of users, as reported by Technology website TechCrunch. Aadhaar carries the same story. The AI and machine learning-based face authentication system developed entirely in-house by UIDAI has recorded over 130.5 crore cumulative transactions since its introduction in October 2022, with close to 102 crore of those occurring in FY 2024-25 alone, a growth rate that MeitY described as a 21.6 percent month-on-month jump in March 2025. The system runs welfare delivery across PM-JAY, PM Kisan, PM Awas, PM Ujjwala, and PM Internship, flagship government schemes reaching hundreds of millions of Indians. Every face scan on every one of those transactions runs an AI model on a server inside a data centre. The boundary between conventional digital infrastructure and AI infrastructure does not exist in India's public systems. AI is already built into them. Also read | OpenAI discussed giving US government a 5% stake: What it could mean for the future of AI The 100 million question In February 2026, OpenAI CEO Sam Altman disclosed in an article published in the Times of India, ahead of the India AI Impact Summit in New Delhi, that India has 100 million weekly active ChatGPT users, making it the platform's second-largest market globally after the United States, a position it has held for several months. India also has the largest student population using ChatGPT of any country on earth. Google's Gemini, meanwhile, is being offered free for 18 months to over 500 million Jio subscribers, with India ranking highest globally in Gemini usage for learning, according to Google. This is the dimension of the data centre debate that goes largely unacknowledged. The same people raising concerns about AI infrastructure expansion are, in enormous numbers, among the heaviest users of the AI products those facilities exist to power. Every ChatGPT query, every Gemini response, every AI-assisted search runs through a data centre drawing power from the grid and water from the city around it. The infrastructure being questioned outside city limits is being quietly used, at scale, every day, on the phones in people's pockets. This is not an argument against scrutiny. It is an argument for honesty about what, exactly, is being scrutinised. Not infrastructure, but sovereignty The case for domestic data centre capacity is not only an operational one. It is a sovereignty argument, and India has been building the legal architecture to support it for years. The Digital Personal Data Protection Act, enacted on August 11, 2023, and operationalised through DPDP Rules notified by MeitY on November 13, 2025, creates a rights-based, consent-driven framework governing how companies collect, store, and process the personal data of Indian citizens. The Reserve Bank of India has separately mandated that all payment system data be stored exclusively on Indian soil. Both frameworks only carry force if the physical infrastructure to underpin them exists within Indian jurisdiction. According to JLL's India Data Centre Market Report for the first half of 2025, India generates approximately 20 percent of global data while hosting only around three percent of global data centre capacity. That gap is a strategic exposure that no legislation can close without the infrastructure to match it. DPDPA is of limited consequence if Indian citizen data resides on servers in Singapore or Frankfurt, beyond the reach of Indian courts and regulators. "When you are building a payments platform or a banking application in India, data localisation shapes architectural decisions from day one, where data is stored, how it moves between services, and how you handle latency-sensitive transactions in real time," Rama Krishna Sreepada, Co-Founder and Chief Architect at [x]Cube Labs, told WION. "The gap between the volume of data India generates and the infrastructure available to process it locally is where the real risk lives. When infrastructure is stretched, response times degrade, redundancy shrinks, and recovery windows get longer. For an end user, that is a failed transaction at a payment terminal or a banking app unavailable when it matters most." Also read | Beyond AI models: Anthropic is exploring a custom AI chip with Samsung. Here's why it matters Why the world is betting on India The scale of committed investment makes the direction of travel unmistakable. Microsoft has pledged $17.5 billion toward data centre infrastructure in India, announced in December 2025. Google committed $6 billion to a facility in Andhra Pradesh in July 2025. The Adani Group announced $100 billion in AI-ready capacity by 2035, in partnership with both companies. According to Colliers, India's live data centre capacity will triple from 1,263 MW in 2024 to 4,500 MW by 2030. Deloitte projects total investment in the sector reaching up to $200 billion by 2030. The four largest global hyperscalers collectively planned up to $725 billion in capital expenditure for 2026, with approximately 75 percent directed toward AI infrastructure, according to company earnings disclosures and IEEE Communications Society analysis. This capital is not arriving out of goodwill. It is arriving because India's billion-scale digital population, its accelerating AI adoption, its data localisation requirements, and its improving infrastructure make it one of the most strategically consequential data centre markets in the world for the next decade. "Rack power densities are increasing from around 15 kW to as much as 140 kW, while most new developments are being planned as Tier III and Tier IV facilities requiring greater power redundancy," said Gautam Saraf, Executive Managing Director, Mumbai and New Business at Cushman & Wakefield, which advises hyperscalers, operators, and investors on data centre strategy across India. "Speed to power is now a critical determinant of project viability, with grid connection timelines increasingly shaping investment decisions." Watch | AI job shock? California study tracks rising layoffs since ChatGPT launch https://www.wionews.com/videos/ai-job-shock-california-study-tracks-rising-layoffs-since-chatgpt-launch-1783012300163/embed The answer So the question of whether India can stop building data centres is not really about data centres at all. It is a question about whether India can afford to switch off the AI system authenticating 130 crore Aadhaar face scans annually. Whether it can remove the fraud detection layer from hundreds of millions of daily UPI transactions. Whether it can tell 100 million weekly ChatGPT users, the largest student AI user base on the planet, that the infrastructure powering their tools will not be built here. None of those are realistic options. "Every banking app, every UPI transaction, every digital lending decision runs on physical infrastructure somewhere, and the stability of those services is directly tied to the health of that infrastructure," Sreepada told WION. "Closing the data centre capacity gap is the next critical step in making that progress genuinely resilient at scale” he added. India must build this infrastructure. The only question that remains, and it is the more consequential one, is on whose terms, at what cost to its water systems and power grid, and with what accountability framework in place. That is exactly where Part 2 of this series begins. The infrastructure is non-negotiable. What happens inside it, around it, and because of it, that is where the real debate begins.

Microsoft put in $17.5 billion, Google $6 billion, Adani $100 billion. The world has already decided India needs this infrastructure. The question India has not answered yet is whether it will build it on its own terms or someone else's.

The big data centre debate: Are they optional?

Apple has released dozens of iPhone models over the past 19 years, but one generation remains its biggest commercial success. According to industry estimates from market research firms including Omdia and CIRP, the iPhone 6 and iPhone 6 Plus are still Apple's best-selling smartphones ever, with combined lifetime sales estimated at more than 220 million units.Apple does not officially publish lifetime sales figures for individual iPhone models. However, analysts widely agree that the iPhone 6 family remains the company's biggest seller.<h2>Why did the iPhone 6 become such a huge success?</h2>When Apple introduced the iPhone 6 in September 2014, it marked one of the biggest changes in iPhone history. After years of offering smaller displays, Apple finally launched larger 4.7-inch and 5.5-inch screens. At the time, many Android smartphones had already moved towards bigger displays, and millions of Apple users had delayed upgrading while waiting for larger iPhones. The iPhone 6 arrived at the right moment, creating one of the strongest upgrade cycles Apple had ever seen.The phones also introduced a slimmer aluminium design, improved cameras, the A8 processor, Apple Pay and faster LTE connectivity, making them attractive upgrades for both existing iPhone users and first-time buyers.<h2>The launch that helped Apple reach new heights</h2>The success of the iPhone 6 went far beyond smartphone sales. The launch helped Apple report record quarterly revenue and profits. It also strengthened the company's position in key markets such as China, where demand for larger-screen smartphones was growing rapidly. Industry analysts believe the iPhone 6 series generated tens of billions of dollars in revenue and became one of the products that established Apple as one of the world's most valuable companies.<h2>Which iPhones sold the most after the iPhone 6?</h2>Several newer models have also recorded impressive sales. The iPhone 11, iPhone XR, iPhone 7 series and iPhone 12 family all ranked among Apple's best-selling devices, thanks to improved cameras, better battery life and wider 5G adoption. However, none has surpassed the estimated lifetime sales of the iPhone 6 generation.<h2>Why hasn't Apple broken the record yet?</h2>Today's iPhone lineup is much broader than it was a decade ago. Apple now sells standard, Plus, Pro and Pro Max models at the same time. As demand is spread across multiple devices, it has become more difficult for a single iPhone model to achieve the extraordinary sales numbers recorded by the iPhone 6 family. Even so, newer iPhones often generate higher revenue because of their premium prices. That means Apple's latest flagship devices can earn more money despite selling fewer units than the record-setting iPhone 6.

The iPhone 6 and iPhone 6 Plus remain Apple's best-selling smartphones ever, with industry estimates putting lifetime sales above 220 million units. Larger displays, strong demand and a major upgrade cycle helped make them Apple's biggest commercial success.


Apple has released dozens of iPhone models over the past 19 years, but one generation remains its biggest commercial success. According to industry estimates from market research firms including Omdia and CIRP, the iPhone 6 and iPhone 6 Plus are still Apple's best-selling smartphones ever, with combined lifetime sales estimated at more than 220 million units. Apple does not officially publish lifetime sales figures for individual iPhone models. However, analysts widely agree that the iPhone 6 family remains the company's biggest seller. Why did the iPhone 6 become such a huge success? When Apple introduced the iPhone 6 in September 2014, it marked one of the biggest changes in iPhone history. After years of offering smaller displays, Apple finally launched larger 4.7-inch and 5.5-inch screens. At the time, many Android smartphones had already moved towards bigger displays, and millions of Apple users had delayed upgrading while waiting for larger iPhones. The iPhone 6 arrived at the right moment, creating one of the strongest upgrade cycles Apple had ever seen. The phones also introduced a slimmer aluminium design, improved cameras, the A8 processor, Apple Pay and faster LTE connectivity, making them attractive upgrades for both existing iPhone users and first-time buyers. The launch that helped Apple reach new heights The success of the iPhone 6 went far beyond smartphone sales. The launch helped Apple report record quarterly revenue and profits. It also strengthened the company's position in key markets such as China, where demand for larger-screen smartphones was growing rapidly. Industry analysts believe the iPhone 6 series generated tens of billions of dollars in revenue and became one of the products that established Apple as one of the world's most valuable companies. Which iPhones sold the most after the iPhone 6? Several newer models have also recorded impressive sales. The iPhone 11, iPhone XR, iPhone 7 series and iPhone 12 family all ranked among Apple's best-selling devices, thanks to improved cameras, better battery life and wider 5G adoption. However, none has surpassed the estimated lifetime sales of the iPhone 6 generation. Why hasn't Apple broken the record yet? Today's iPhone lineup is much broader than it was a decade ago. Apple now sells standard, Plus, Pro and Pro Max models at the same time. As demand is spread across multiple devices, it has become more difficult for a single iPhone model to achieve the extraordinary sales numbers recorded by the iPhone 6 family. Even so, newer iPhones often generate higher revenue because of their premium prices. That means Apple's latest flagship devices can earn more money despite selling fewer units than the record-setting iPhone 6.

The iPhone 6 and iPhone 6 Plus remain Apple's best-selling smartphones ever, with industry estimates putting lifetime sales above 220 million units. Larger displays, strong demand and a major upgrade cycle helped make them Apple's biggest commercial success.

220+ million units: Do you know which Apple iPhone model sold the most units ever?

Whether you're planning to upgrade next year or keep your phone for five years, resale value matters. It affects how much money you can recover when it's time to buy a new device.For years, market research has shown that iPhones generally retain their value better than most Android smartphones. While both lose value over time, Apple's devices often depreciate at a slower rate.<h2>So, why does this happen?</h2>Long software support keeps older iPhones relevant. One of Apple's biggest advantages is long-term software support. Most iPhones receive major iOS updates for several years after launch. Security updates also continue long after a device is released. This means an older iPhone can still run the latest apps, receive new features and remain secure. For second-hand buyers, that makes an older iPhone a safer purchase than a device that may no longer receive updates.<h2>Strong demand drives higher resale prices</h2>Apple has built one of the world's strongest consumer brands. Every year, millions of buyers look for refurbished or pre-owned iPhones because they offer access to Apple's ecosystem at a lower price. That steady demand helps keep resale prices high. Many Android brands release dozens of new models every year, which increases competition in the second-hand market and often pushes prices down more quickly.<h2>Build quality and performance help devices last longer</h2>Apple designs its hardware and software together, allowing older iPhones to remain smooth and reliable for everyday tasks. Premium materials, durable construction and custom A-series chips also help extend the usable life of the device. A phone that still performs well after several years naturally attracts more buyers. Battery replacement services and widespread repair support also make older iPhones easier to keep in use.<h2>Apple's product strategy plays a role</h2>Apple launches a relatively small number of iPhone models each year. By comparison, the Android market includes hundreds of devices across different price segments. New models arrive frequently, making older phones feel outdated more quickly. Apple's slower product cycle helps older iPhones remain familiar and desirable for longer, supporting stronger resale values.<h2>Is buying an iPhone cheaper in the long run?</h2>Although iPhones usually cost more upfront, they often return more money when sold or traded in. That higher resale value can reduce the overall cost of ownership over several years. Combined with long software support, strong demand and reliable performance, it is one of the reasons many buyers continue choosing iPhones despite their premium price.

iPhones usually hold their resale value better than Android phones because of long software support, strong customer demand, premium build quality and Apple's tightly connected ecosystem.

Whether you're planning to upgrade next year or keep your phone for five years, resale value matters. It affects how much money you can recover when it's time to buy a new device. For years, market research has shown that iPhones generally retain their value better than most Android smartphones. While both lose value over time, Apple's devices often depreciate at a slower rate. So, why does this happen? Long software support keeps older iPhones relevant. One of Apple's biggest advantages is long-term software support. Most iPhones receive major iOS updates for several years after launch. Security updates also continue long after a device is released. This means an older iPhone can still run the latest apps, receive new features and remain secure. For second-hand buyers, that makes an older iPhone a safer purchase than a device that may no longer receive updates. Strong demand drives higher resale prices Apple has built one of the world's strongest consumer brands. Every year, millions of buyers look for refurbished or pre-owned iPhones because they offer access to Apple's ecosystem at a lower price. That steady demand helps keep resale prices high. Many Android brands release dozens of new models every year, which increases competition in the second-hand market and often pushes prices down more quickly. Build quality and performance help devices last longer Apple designs its hardware and software together, allowing older iPhones to remain smooth and reliable for everyday tasks. Premium materials, durable construction and custom A-series chips also help extend the usable life of the device. A phone that still performs well after several years naturally attracts more buyers. Battery replacement services and widespread repair support also make older iPhones easier to keep in use. Apple's product strategy plays a role Apple launches a relatively small number of iPhone models each year. By comparison, the Android market includes hundreds of devices across different price segments. New models arrive frequently, making older phones feel outdated more quickly. Apple's slower product cycle helps older iPhones remain familiar and desirable for longer, supporting stronger resale values. Is buying an iPhone cheaper in the long run? Although iPhones usually cost more upfront, they often return more money when sold or traded in. That higher resale value can reduce the overall cost of ownership over several years. Combined with long software support, strong demand and reliable performance, it is one of the reasons many buyers continue choosing iPhones despite their premium price.

iPhones usually hold their resale value better than Android phones because of long software support, strong customer demand, premium build quality and Apple's tightly connected ecosystem.

Buying an iPhone? Know why iPhones hold their resale value better than Android phones

When people look at smartphone market share, Android appears to be the clear winner. Google's operating system powers around 70 per cent of smartphones worldwide, while Apple's iPhone accounts for a much smaller share. Yet year after year, Apple earns far more profit than most Android phone makers combined. So how does the company achieve this despite selling fewer phones?The answer lies in Apple's premium strategy, ecosystem and growing services business.<h2>Apple focuses on premium phones</h2>Unlike Android, which includes hundreds of manufacturers selling phones across every price range, Apple mainly targets the premium segment. Many Android brands compete aggressively in the budget and mid-range markets, where profit margins are often very small. Apple, on the other hand, sells most iPhones at premium prices. That means it earns significantly more profit from every device it sells. Industry analysts at Counterpoint Research have repeatedly reported that Apple captures the majority of global smartphone operating profits despite shipping fewer devices than the Android ecosystem.<h2>The iPhone is only the beginning</h2>Apple also makes money long after someone buys an iPhone. Many users subscribe to services such as iCloud+, Apple Music, Apple TV+, Apple Arcade and AppleCare. The company also earns revenue through the App Store, where developers pay commissions on many digital purchases. This creates recurring income that continues for years after the original phone sale.The Apple ecosystem keeps users loyalAnother reason is customer retention.Many iPhone users also own an Apple Watch, AirPods, iPad or Mac. These devices work together through features like AirDrop, Handoff, iCloud synchronisation and Continuity. Because everything is connected, customers are more likely to remain within Apple's ecosystem when buying their next device. This loyalty reduces marketing costs and helps Apple maintain strong demand even without leading global shipment volumes.<h2>Profit matters more than market share</h2>Selling the most devices does not always mean earning the most money. Android's large market share comes from many companies competing across different price points, while Apple focuses on fewer models with higher average selling prices. Combined with services revenue, strong brand loyalty and efficient hardware-software integration, this strategy allows Apple to generate industry-leading profits even with fewer smartphone shipments. For Apple, success has never been about selling the most phones it has been about creating long-term value from every customer.

Android powers most smartphones worldwide, but Apple earns the largest share of industry profits. Premium pricing, strong customer loyalty, a connected ecosystem and fast-growing services help Apple make more money despite selling fewer phones.

When people look at smartphone market share, Android appears to be the clear winner. Google's operating system powers around 70 per cent of smartphones worldwide, while Apple's iPhone accounts for a much smaller share. Yet year after year, Apple earns far more profit than most Android phone makers combined. So how does the company achieve this despite selling fewer phones? The answer lies in Apple's premium strategy, ecosystem and growing services business. Apple focuses on premium phones Unlike Android, which includes hundreds of manufacturers selling phones across every price range, Apple mainly targets the premium segment. Many Android brands compete aggressively in the budget and mid-range markets, where profit margins are often very small. Apple, on the other hand, sells most iPhones at premium prices. That means it earns significantly more profit from every device it sells. Industry analysts at Counterpoint Research have repeatedly reported that Apple captures the majority of global smartphone operating profits despite shipping fewer devices than the Android ecosystem. The iPhone is only the beginning Apple also makes money long after someone buys an iPhone. Many users subscribe to services such as iCloud+, Apple Music, Apple TV+, Apple Arcade and AppleCare. The company also earns revenue through the App Store, where developers pay commissions on many digital purchases. This creates recurring income that continues for years after the original phone sale. The Apple ecosystem keeps users loyal Another reason is customer retention. Many iPhone users also own an Apple Watch, AirPods, iPad or Mac. These devices work together through features like AirDrop, Handoff, iCloud synchronisation and Continuity. Because everything is connected, customers are more likely to remain within Apple's ecosystem when buying their next device. This loyalty reduces marketing costs and helps Apple maintain strong demand even without leading global shipment volumes. Profit matters more than market share Selling the most devices does not always mean earning the most money. Android's large market share comes from many companies competing across different price points, while Apple focuses on fewer models with higher average selling prices. Combined with services revenue, strong brand loyalty and efficient hardware-software integration, this strategy allows Apple to generate industry-leading profits even with fewer smartphone shipments. For Apple, success has never been about selling the most phones it has been about creating long-term value from every customer.

Android powers most smartphones worldwide, but Apple earns the largest share of industry profits. Premium pricing, strong customer loyalty, a connected ecosystem and fast-growing services help Apple make more money despite selling fewer phones.

Apple vs Android: Why does Apple sell fewer phones than Android but make more money?

OpenAI has reportedly explored giving the US government a 5% ownership stake in the company as it prepares for a future public listing and faces growing political scrutiny over artificial intelligence. According to the Financial Times, the proposal has been discussed by OpenAI CEO Sam Altman with senior officials in the Trump administration, including President Donald Trump, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. The discussions are still in the early stages, and no agreement has been reached. The proposal has attracted attention because it would represent a new way of linking AI development with public ownership.<h2>Why is OpenAI discussing government ownership?</h2>According to the report, OpenAI believes the public should directly benefit from the value created by artificial intelligence. The company has reportedly suggested that leading US AI developers could each contribute 5 per cent of their equity to a special investment vehicle. The idea is inspired by Alaska's Permanent Fund, which invests state oil revenues and distributes annual dividends to residents.Altman has previously argued that AI could create enormous economic value and that ordinary people should share in those gains rather than leaving them entirely with private investors.<h2>Why now?</h2>The discussions come as AI companies face increasing pressure from policymakers. Governments around the world are raising questions about the rapid expansion of AI, including concerns over massive data centre construction, electricity demand, job displacement, cybersecurity risks and the safety of increasingly powerful AI models.OpenAI is also preparing for a public listing while investing billions of dollars in AI infrastructure. Those rising costs have led some investors to question how quickly leading AI companies can become consistently profitable. The proposal is still only under discussion and would likely require approval from the US Congress before becoming reality. Separately, Trump said in June that he planned to meet major AI companies to discuss whether the government should hold ownership stakes in leading AI firms to help address public concerns about the technology. Altman has also proposed creating a US-led international AI forum involving governments and independent experts to establish safety standards, coordinate oversight and reduce pressure for companies to race ahead without sufficient safeguards. If such a model were ever adopted, it could represent one of the biggest changes yet in how advanced AI companies are governed. For now, however, the discussions remain exploratory, and OpenAI has not announced any formal decision.

OpenAI has reportedly discussed giving the US government a 5% ownership stake as part of a broader proposal aimed at sharing AI's economic benefits and easing concerns over the rapid growth of artificial intelligence.

OpenAI has reportedly explored giving the US government a 5% ownership stake in the company as it prepares for a future public listing and faces growing political scrutiny over artificial intelligence. According to the Financial Times, the proposal has been discussed by OpenAI CEO Sam Altman with senior officials in the Trump administration, including President Donald Trump, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. The discussions are still in the early stages, and no agreement has been reached. The proposal has attracted attention because it would represent a new way of linking AI development with public ownership. Why is OpenAI discussing government ownership? According to the report, OpenAI believes the public should directly benefit from the value created by artificial intelligence. The company has reportedly suggested that leading US AI developers could each contribute 5 per cent of their equity to a special investment vehicle. The idea is inspired by Alaska's Permanent Fund, which invests state oil revenues and distributes annual dividends to residents.Altman has previously argued that AI could create enormous economic value and that ordinary people should share in those gains rather than leaving them entirely with private investors. Why now? The discussions come as AI companies face increasing pressure from policymakers. Governments around the world are raising questions about the rapid expansion of AI, including concerns over massive data centre construction, electricity demand, job displacement, cybersecurity risks and the safety of increasingly powerful AI models.OpenAI is also preparing for a public listing while investing billions of dollars in AI infrastructure. Those rising costs have led some investors to question how quickly leading AI companies can become consistently profitable. The proposal is still only under discussion and would likely require approval from the US Congress before becoming reality. Separately, Trump said in June that he planned to meet major AI companies to discuss whether the government should hold ownership stakes in leading AI firms to help address public concerns about the technology. Altman has also proposed creating a US-led international AI forum involving governments and independent experts to establish safety standards, coordinate oversight and reduce pressure for companies to race ahead without sufficient safeguards. If such a model were ever adopted, it could represent one of the biggest changes yet in how advanced AI companies are governed. For now, however, the discussions remain exploratory, and OpenAI has not announced any formal decision.

OpenAI has reportedly discussed giving the US government a 5% ownership stake as part of a broader proposal aimed at sharing AI's economic benefits and easing concerns over the rapid growth of artificial intelligence.

OpenAI discussed giving US government a 5% stake: What it could mean for the future of AI

The artificial intelligence race is no longer just about building smarter AI models. It is increasingly becoming a battle over the chips that power them. Anthropic, the company behind Claude AI, is reportedly in discussions with Samsung about developing a custom AI chip, according to a report by The Information. While the talks are still at an early stage, the move suggests Anthropic is exploring ways to strengthen its long-term computing strategy as demand for AI hardware continues to grow. The company has not confirmed a partnership. In a statement to TechCrunch, Anthropic said chips from Nvidia, Google and Amazon will continue to play a key role in its AI infrastructure. It declined to comment further on reports about Samsung.<h2>Why does Anthropic want its own AI chip?</h2>Training and running advanced AI models requires enormous computing power. Today, much of that work depends on Nvidia's AI chips, which remain the industry standard. However, growing demand has led to supply constraints and rising costs, prompting several technology companies to develop their own processors. A custom chip could allow Anthropic to optimise hardware specifically for Claude AI, improve energy efficiency, reduce operating costs and gain greater control over its computing infrastructure. According to Reuters, Anthropic had already begun exploring the idea of designing its own AI chips earlier this year.<h2>Samsung could become an important partner</h2>Samsung is one of the world's largest semiconductor manufacturers and already works closely with Nvidia on AI hardware. The South Korean company also manufactures advanced chips for other technology firms and has expanded investments in AI chip production. A partnership with Anthropic could strengthen Samsung's position in the rapidly growing AI semiconductor market. However, several important decisions reportedly remain unresolved, including what the chip will be used for, how powerful it will be and how it will fit into Anthropic's server infrastructure.<h2>AI companies are racing to control their hardware</h2>Anthropic is not alone.OpenAI recently announced its custom inference chip, Jalapeño, developed with Broadcom. Google has long relied on its in-house Tensor Processing Units (TPUs), while Amazon designs its own Trainium and Inferentia chips for Amazon Web Services.The shift reflects a broader trend across the AI industry. Instead of relying entirely on Nvidia, companies are building specialised chips that better match their own software and workloads. For Anthropic, a custom processor would represent more than a hardware upgrade. It could become an important step towards reducing dependence on third-party suppliers while preparing for increasingly powerful AI systems in the years ahead.&nbsp;

Anthropic is reportedly discussing a potential partnership with Samsung to develop a custom AI chip.

The artificial intelligence race is no longer just about building smarter AI models. It is increasingly becoming a battle over the chips that power them. Anthropic, the company behind Claude AI, is reportedly in discussions with Samsung about developing a custom AI chip, according to a report by The Information. While the talks are still at an early stage, the move suggests Anthropic is exploring ways to strengthen its long-term computing strategy as demand for AI hardware continues to grow. The company has not confirmed a partnership. In a statement to TechCrunch, Anthropic said chips from Nvidia, Google and Amazon will continue to play a key role in its AI infrastructure. It declined to comment further on reports about Samsung. Why does Anthropic want its own AI chip? Training and running advanced AI models requires enormous computing power. Today, much of that work depends on Nvidia's AI chips, which remain the industry standard. However, growing demand has led to supply constraints and rising costs, prompting several technology companies to develop their own processors. A custom chip could allow Anthropic to optimise hardware specifically for Claude AI, improve energy efficiency, reduce operating costs and gain greater control over its computing infrastructure. According to Reuters, Anthropic had already begun exploring the idea of designing its own AI chips earlier this year. Samsung could become an important partner Samsung is one of the world's largest semiconductor manufacturers and already works closely with Nvidia on AI hardware. The South Korean company also manufactures advanced chips for other technology firms and has expanded investments in AI chip production. A partnership with Anthropic could strengthen Samsung's position in the rapidly growing AI semiconductor market. However, several important decisions reportedly remain unresolved, including what the chip will be used for, how powerful it will be and how it will fit into Anthropic's server infrastructure. AI companies are racing to control their hardware Anthropic is not alone. OpenAI recently announced its custom inference chip, Jalapeño, developed with Broadcom. Google has long relied on its in-house Tensor Processing Units (TPUs), while Amazon designs its own Trainium and Inferentia chips for Amazon Web Services. The shift reflects a broader trend across the AI industry. Instead of relying entirely on Nvidia, companies are building specialised chips that better match their own software and workloads. For Anthropic, a custom processor would represent more than a hardware upgrade. It could become an important step towards reducing dependence on third-party suppliers while preparing for increasingly powerful AI systems in the years ahead.

Anthropic is reportedly discussing a potential partnership with Samsung to develop a custom AI chip.

Beyond AI models: Anthropic is exploring a custom AI chip with Samsung. Here's why it matters

The war in West Asia has likely come to an end, but profits for some have not. Five months after the US and Israel launched "Operation Epic Fury" against Iran, Wall Street and the defence sector are still cashing in. Under Trump 2.0, General Dynamics' stock has surged over 23 per cent. L3-Harris is up 15 per cent, Lockheed Martin has risen 13 per cent.The new Defence Authorisation bill now calls for $1.15 trillion in military spending, marking the first time the defence outlay projection has surpassed the trillion-dollar mark. Defence firms trade at 22 to 25 times forward earnings, a premium that history rarely supports. The market currently isn't betting on peace, but it is betting on the backlog of military equipment depleted during the war.Also read | <a href="https://www.wionews.com/world/us-supreme-court-gives-trump-greatest-increase-in-presidential-power-over-federal-agencies-overturns-90-year-old-precedent-what-it-means-1782799902878">US Supreme Court hands Trump 'greatest increase in presidential power' in 90 years. What can the POTUS do now?</a><h2>Stocks up, wages flat: Wall Street's paradox</h2>Overall, Wall Street benchmarks have been in lock-step with defence stocks. But step back, and the broader economy tells a very different story.The S&amp;P 500 is up nine per cent this year, but core inflation sits at 2.9 per cent, and headline inflation at 4.2 per cent, well above the Federal Reserve's two per cent target.<a href="https://www.wionews.com/videos/stocks-up-wages-flat-wall-street-s-paradox-1783059112118/embed">https://www.wionews.com/videos/stocks-up-wages-flat-wall-street-s-paradox-1783059112118/embed</a><h2>Inflation climbs while markets celebrate</h2>Both those inflation measures are climbing, and not falling, with price pressures above the Fed target for well over 5 years now. The US central bank, under new chair Kevin Warsh, just held rates steady last month, but markets are now pricing a rate hike by October, a sharp reversal from earlier bets on cuts. Warsh has vowed to target inflation and bring it below the target soon.US unemployment has sat around four per cent for nearly a year, and the reason for the steady reading is that some Americans have stopped looking for a job entirely. The participation rate has fallen significantly, pointing to the weakening jobs market outlook. That's also pointing to a soft landing and an economy decoupling from Wall Street's euphoria.Also read | <a href="https://www.wionews.com/india-news/can-india-withstand-another-west-asia-crisis-how-israel-hezbollah-iran-tensions-could-hit-its-energy-security-wion-decodes-1782374369218">Can India withstand another West Asia crisis? How Israel-Hezbollah-Iran tensions could hit its energy security | WION Decodes</a><h2>Who benefited from the 40-day Iran war?</h2>The war itself hit global supply chains hard. The World Food Programme says food insecurity may now touch 363 million people worldwide, driven by the Strait of Hormuz disruption and an energy price shock.So who really benefited? Defence contractors, certainly. Energy traders, likely. Ordinary Americans facing sticky prices and a Fed that's turned hawkish again - not so much.With US midterms on November 3, that gap between index charts and grocery bills may be Washington's next real battle.

As defence stocks surge and a record $1.15 trillion US military budget takes shape, a key question remains: who really benefited from the 40-day Iran war? Scroll down to see why Wall Street is celebrating while many Americans are still battling inflation, high prices and economic uncertainty.

The war in West Asia has likely come to an end, but profits for some have not. Five months after the US and Israel launched "Operation Epic Fury" against Iran, Wall Street and the defence sector are still cashing in. Under Trump 2.0, General Dynamics' stock has surged over 23 per cent. L3-Harris is up 15 per cent, Lockheed Martin has risen 13 per cent. The new Defence Authorisation bill now calls for $1.15 trillion in military spending, marking the first time the defence outlay projection has surpassed the trillion-dollar mark. Defence firms trade at 22 to 25 times forward earnings, a premium that history rarely supports. The market currently isn't betting on peace, but it is betting on the backlog of military equipment depleted during the war. Also read | US Supreme Court hands Trump 'greatest increase in presidential power' in 90 years. What can the POTUS do now? Stocks up, wages flat: Wall Street's paradox Overall, Wall Street benchmarks have been in lock-step with defence stocks. But step back, and the broader economy tells a very different story. The S&P 500 is up nine per cent this year, but core inflation sits at 2.9 per cent, and headline inflation at 4.2 per cent, well above the Federal Reserve's two per cent target. https://www.wionews.com/videos/stocks-up-wages-flat-wall-street-s-paradox-1783059112118/embed Inflation climbs while markets celebrate Both those inflation measures are climbing, and not falling, with price pressures above the Fed target for well over 5 years now. The US central bank, under new chair Kevin Warsh, just held rates steady last month, but markets are now pricing a rate hike by October, a sharp reversal from earlier bets on cuts. Warsh has vowed to target inflation and bring it below the target soon. US unemployment has sat around four per cent for nearly a year, and the reason for the steady reading is that some Americans have stopped looking for a job entirely. The participation rate has fallen significantly, pointing to the weakening jobs market outlook. That's also pointing to a soft landing and an economy decoupling from Wall Street's euphoria. Also read | Can India withstand another West Asia crisis? How Israel-Hezbollah-Iran tensions could hit its energy security | WION Decodes Who benefited from the 40-day Iran war? The war itself hit global supply chains hard. The World Food Programme says food insecurity may now touch 363 million people worldwide, driven by the Strait of Hormuz disruption and an energy price shock. So who really benefited? Defence contractors, certainly. Energy traders, likely. Ordinary Americans facing sticky prices and a Fed that's turned hawkish again - not so much. With US midterms on November 3, that gap between index charts and grocery bills may be Washington's next real battle.

As defence stocks surge and a record $1.15 trillion US military budget takes shape, a key question remains: who really benefited from the 40-day Iran war? Scroll down to see why Wall Street is celebrating while many Americans are still battling inflation, high prices and economic uncertainty.

Who really benefitted from the Iran war?

The world is being sold a $2.5 trillion space story. Look closer, and the rockets barely show up. The number comes from a McKinsey-sourced chart. That is not published by NASA or a space agency, but by Global X, an exchange-traded fund provider. The ETF firm's own footnote admits the point: Investors aligned with these sectors stand to benefit.&nbsp;Also Read: <a href="https://www.wionews.com/world/india-japan-summit-goes-beyond-61-billion-bet-1782980517276">India-Japan Summit goes beyond $61 billion bet</a><h2>Break down the McKinsey chart, and the picture changes fast.</h2><ul><li>Supply chain and transportation: over $500 billion.</li><li>Food and beverage logistics: over $400 billion.</li><li>Retail and consumer goods: over $200 billion.</li><li>The category actually labelled "space" – rockets, satellites, and launch – sits at the bottom of the list, under a hundred billion.</li></ul>McKinsey's original report, done with the World Economic Forum, is more careful. It splits the space economy into "backbone", which is the hardware, the satellites and the launches, and "reach", which are the industries that merely use satellite data. In 2023, "backbone" and "reach" were roughly even, at about $300 billion. By 2035, "Reach" is projected to pull far ahead, crossing a trillion dollars. While the "backbone" grows to $755 billion. That distinction matters.&nbsp;Also Read: <a href="https://www.wionews.com/videos/50-nations-to-talk-on-fossil-fuel-phase-out-wion-world-business-watch-1776677407891">50 Nations To Talk On Fossil Fuel Phase Out | WION World Business Watch</a>&nbsp;Uber, using GPS, is "reach". A grocer tracking a delivery truck is "reach". An insurer pricing flood risk from satellite imagery is "reach". None of that is new industry. It's just an old industry being relabelled with the space tag. Semiconductors, AI, and clean energy have all seen their addressable markets inflated the same way, by counting every downstream user as part of the sector. It's a well-worn method for building bigger and more fundable numbers. None of this means space is not growing.&nbsp;Launch costs have fallen tenfold in two decades. Satellite deployment is up. But the trillion-dollar headline is doing more marketing work than reporting work. When the fastest-growing slice of an industry never leaves the ground, the number isn't measuring the industry; it's just measuring who wants you invested in it.

Is the $2.5 trillion space economy real? A closer look at the McKinsey report reveals much of the projected growth comes from industries using satellite data—not rockets or launches. Here's why the headline figure may be more about investment storytelling than the core space industry.

The world is being sold a $2.5 trillion space story. Look closer, and the rockets barely show up. The number comes from a McKinsey-sourced chart. That is not published by NASA or a space agency, but by Global X, an exchange-traded fund provider. The ETF firm's own footnote admits the point: Investors aligned with these sectors stand to benefit. Also Read: India-Japan Summit goes beyond $61 billion bet Break down the McKinsey chart, and the picture changes fast. Supply chain and transportation: over $500 billion. Food and beverage logistics: over $400 billion. Retail and consumer goods: over $200 billion. The category actually labelled "space" – rockets, satellites, and launch – sits at the bottom of the list, under a hundred billion. McKinsey's original report, done with the World Economic Forum, is more careful. It splits the space economy into "backbone", which is the hardware, the satellites and the launches, and "reach", which are the industries that merely use satellite data. In 2023, "backbone" and "reach" were roughly even, at about $300 billion. By 2035, "Reach" is projected to pull far ahead, crossing a trillion dollars. While the "backbone" grows to $755 billion. That distinction matters. Also Read: 50 Nations To Talk On Fossil Fuel Phase Out | WION World Business Watch Uber, using GPS, is "reach". A grocer tracking a delivery truck is "reach". An insurer pricing flood risk from satellite imagery is "reach". None of that is new industry. It's just an old industry being relabelled with the space tag. Semiconductors, AI, and clean energy have all seen their addressable markets inflated the same way, by counting every downstream user as part of the sector. It's a well-worn method for building bigger and more fundable numbers. None of this means space is not growing. Launch costs have fallen tenfold in two decades. Satellite deployment is up. But the trillion-dollar headline is doing more marketing work than reporting work. When the fastest-growing slice of an industry never leaves the ground, the number isn't measuring the industry; it's just measuring who wants you invested in it.

Is the $2.5 trillion space economy real? A closer look at the McKinsey report reveals much of the projected growth comes from industries using satellite data—not rockets or launches. Here's why the headline figure may be more about investment storytelling than the core space industry.

$2.5 trillion space hype: Where's the rocket?

The US economy may continue to grow, but a growing body of research suggests that American workers are receiving a smaller share of that growth than ever before.The trend is also reflected in rising financial stress, with many households struggling to keep up with inflation. Here's a closer look at why the gap between economic growth and workers' earnings continues to widen. American workers are taking home the smallest share of the nation's economic output since official records began in 1947. According to research by the Federal Reserve Bank of New York, labour's share of national income has fallen to 54.1 per cent in early 2026, down from more than 65 per cent after World War II and 57.7 per cent in early 2020. The rest of the economic gains are increasingly flowing to corporations, shareholders and investors through profits, dividends and capital income. The findings suggest that while the U.S. economy has continued to expand, workers are capturing a progressively smaller share of that growth. The shift is also visible within corporate America.&nbsp;Also read | <a href="https://www.wionews.com/india-news/when-will-petrol-and-diesel-get-cheaper-in-india-modi-government-s-petroleum-minister-hardeep-puri-drops-big-hint-1783041168875">When will petrol and diesel get cheaper in India? Modi government's petroleum minister Hardeep Puri drops BIG HINT</a> Workers received 71.3 per cent of corporate income in the first quarter of 2026, down from 77.8 per cent at the start of 2020 and 79.1 per cent in 1979, according to the Economic Policy Institute. Economists attribute the long-term decline to weakening union membership, a stagnant federal minimum wage that has remained at $7.25 an hour since 2009, and policy changes that have strengthened returns to capital over labour. &nbsp;As corporate profits and shareholder returns have risen, wage growth has struggled to keep pace. This contributes to what economists describe as a widening K-shaped economy, where higher-income households continue to pull ahead while many middle- and lower-income workers fall behind.&nbsp; The declining share of income going to workers is reflected in household finances. Nearly 48 per cent of Americans said their financial situation had worsened compared with a year earlier, according to the Federal Reserve Bank of New York. A separate CBS News survey found that three out of four Americans believe their incomes are not keeping up with inflation, while only 29 per cent rate the economy as being in good shape. Rising living costs, record levels of household debt, higher credit card delinquencies and concerns over job security are adding to financial pressure. Analysts say consumer spending remains supported largely by wealthier households, but the widening gap continues to raise concerns over long-term economic inequality and the durability of consumer demand.&nbsp;Watch | US jobs miss big: Only 57k added in June<a href="https://www.wionews.com/videos/us-jobs-miss-big-only-57k-added-in-june-1783057330240/embed">https://www.wionews.com/videos/us-jobs-miss-big-only-57k-added-in-june-1783057330240/embed</a>&nbsp;

According to research by the Federal Reserve Bank of New York, labour's share of national income has fallen to 54.1 per cent in early 2026, down from more than 65 per cent after World War II and 57.7 per cent in early 2020.

The US economy may continue to grow, but a growing body of research suggests that American workers are receiving a smaller share of that growth than ever before.The trend is also reflected in rising financial stress, with many households struggling to keep up with inflation. Here's a closer look at why the gap between economic growth and workers' earnings continues to widen. American workers are taking home the smallest share of the nation's economic output since official records began in 1947. According to research by the Federal Reserve Bank of New York, labour's share of national income has fallen to 54.1 per cent in early 2026, down from more than 65 per cent after World War II and 57.7 per cent in early 2020. The rest of the economic gains are increasingly flowing to corporations, shareholders and investors through profits, dividends and capital income. The findings suggest that while the U.S. economy has continued to expand, workers are capturing a progressively smaller share of that growth. The shift is also visible within corporate America. Also read | When will petrol and diesel get cheaper in India? Modi government's petroleum minister Hardeep Puri drops BIG HINT Workers received 71.3 per cent of corporate income in the first quarter of 2026, down from 77.8 per cent at the start of 2020 and 79.1 per cent in 1979, according to the Economic Policy Institute. Economists attribute the long-term decline to weakening union membership, a stagnant federal minimum wage that has remained at $7.25 an hour since 2009, and policy changes that have strengthened returns to capital over labour. As corporate profits and shareholder returns have risen, wage growth has struggled to keep pace. This contributes to what economists describe as a widening K-shaped economy, where higher-income households continue to pull ahead while many middle- and lower-income workers fall behind. The declining share of income going to workers is reflected in household finances. Nearly 48 per cent of Americans said their financial situation had worsened compared with a year earlier, according to the Federal Reserve Bank of New York. A separate CBS News survey found that three out of four Americans believe their incomes are not keeping up with inflation, while only 29 per cent rate the economy as being in good shape. Rising living costs, record levels of household debt, higher credit card delinquencies and concerns over job security are adding to financial pressure. Analysts say consumer spending remains supported largely by wealthier households, but the widening gap continues to raise concerns over long-term economic inequality and the durability of consumer demand. Watch | US jobs miss big: Only 57k added in June https://www.wionews.com/videos/us-jobs-miss-big-only-57k-added-in-june-1783057330240/embed

According to research by the Federal Reserve Bank of New York, labour's share of national income has fallen to 54.1 per cent in early 2026, down from more than 65 per cent after World War II and 57.7 per cent in early 2020.

The American dream slips further away

With global crude oil prices falling after months of volatility, a question many Indian consumers have been asking: will petrol and diesel prices come down? Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday (Jul 3) suggested that the possibility cannot be ruled out, though he stopped short of promising an immediate reduction. Here's all you need to know.<h2>What did the Modi government say about reducing petrol and diesel prices?</h2>Addressing a press conference on Thursday, Puri said, "If crude prices remain at these levels for the next few weeks, cutting petrol and diesel prices will be a legitimate question that everybody asks."At the same time, the minister cautioned against reading too much into current market conditions. "What the situation will be then, it is not right for me to speculate," he added.Also read | <a href="https://www.wionews.com/india-news/small-relief-for-indians-commercial-lpg-rate-slashed-by-183-but-prices-remain-over-70-above-january-levels-1782268425675">Small relief for Indians: Commercial LPG rate slashed by ₹183, but prices remain over 70% above January levels</a><h2>Why prices may not fall immediately</h2>Puri's comments came with an important caveat. According to the minister, India's oil marketing companies have been absorbing massive losses to shield consumers from international energy shocks.He revealed that state-run fuel retailers had accumulated losses and under-recoveries of Rs 74,781 crore by selling petrol, diesel and LPG below market-linked costs."Oil marketing companies had incurred losses and under-recoveries of Rs 74,781 crore by selling petrol, diesel and LPG below cost," Puri said. "So the actual loss and under-recovery are both very high," he added.Also read | <a href="https://www.wionews.com/world/trump-accuses-big-oil-companies-of-gouging-american-customers-says-gasoline-prices-better-start-going-down-a-lot-faster-usa-ogas-price-today-1782274625910">Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster'</a><h2>Global oil prices fall</h2>On Thursday, Brent crude slipped towards $71 per barrel, extending losses of more than 3 per cent over the previous two trading sessions. This came after Qatar announced that indirect negotiations between Iran and the US had achieved “positive progress”. US benchmark West Texas Intermediate (WTI) crude was trading near $68 per barrel, continuing the downward trend.The decline marks a significant reversal from the panic seen earlier during the conflict, when fears of supply disruptions in the Strait of Hormuz pushed oil prices sharply higher.

Will petrol and diesel prices finally come down after months of pain at the pump? As global crude prices slide towards $71 a barrel, Petroleum Minister Hardeep Singh Puri has dropped a major hint. Scroll down to find out what he said.

With global crude oil prices falling after months of volatility, a question many Indian consumers have been asking: will petrol and diesel prices come down? Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday (Jul 3) suggested that the possibility cannot be ruled out, though he stopped short of promising an immediate reduction. Here's all you need to know. What did the Modi government say about reducing petrol and diesel prices? Addressing a press conference on Thursday, Puri said, "If crude prices remain at these levels for the next few weeks, cutting petrol and diesel prices will be a legitimate question that everybody asks." At the same time, the minister cautioned against reading too much into current market conditions. "What the situation will be then, it is not right for me to speculate," he added. Also read | Small relief for Indians: Commercial LPG rate slashed by ₹183, but prices remain over 70% above January levels Why prices may not fall immediately Puri's comments came with an important caveat. According to the minister, India's oil marketing companies have been absorbing massive losses to shield consumers from international energy shocks. He revealed that state-run fuel retailers had accumulated losses and under-recoveries of Rs 74,781 crore by selling petrol, diesel and LPG below market-linked costs. "Oil marketing companies had incurred losses and under-recoveries of Rs 74,781 crore by selling petrol, diesel and LPG below cost," Puri said. "So the actual loss and under-recovery are both very high," he added. Also read | Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster' Global oil prices fall On Thursday, Brent crude slipped towards $71 per barrel, extending losses of more than 3 per cent over the previous two trading sessions. This came after Qatar announced that indirect negotiations between Iran and the US had achieved “positive progress”. US benchmark West Texas Intermediate (WTI) crude was trading near $68 per barrel, continuing the downward trend. The decline marks a significant reversal from the panic seen earlier during the conflict, when fears of supply disruptions in the Strait of Hormuz pushed oil prices sharply higher.

Will petrol and diesel prices finally come down after months of pain at the pump? As global crude prices slide towards $71 a barrel, Petroleum Minister Hardeep Singh Puri has dropped a major hint. Scroll down to find out what he said.

When will petrol and diesel get cheaper in India? Modi government's petroleum minister Hardeep Puri drops BIG HINT

India's retirement math just got a rewrite. From July 1, the Employees' Provident Fund Organisation, or the EPFO, formally rolled out the EPF scheme 2026, EPS 2026, and EDLI 2026. India's new labour code lands after a 4-year wait, with the new rules replacing the six-decade-old 1952 framework under the new code on social security.<h2>PF contribution steady, compliance tighter</h2>The headline for salaried India is that contribution rates stay untouched. Under the new employees' provident funds scheme, 2026, if your monthly basic pay is 15,000 rupees or higher, the mandatory minimum deduction is fixed at 1,800 rupees per month. The employer must match this exact amount. An increase in the PF contribution above that minimum mandated amount will add to the longer-term savings corpus.However, that will also lower the monthly take-home salary. Broadly, employees and employers still put in 12 per cent each of wages, capped at the 15,000 rupees statutory wage ceiling, unless a worker opts for the higher-wage, higher-pension route, the Supreme Court cleared earlier.Also Read: <a href="https://www.wionews.com/business-economy/india-japan-summit-will-dollar-bypass-take-shape-1782987285121">India-Japan Summit: Will dollar bypass take shape?</a><h2>India's PF law: same rate, new rulebook</h2>In the new rule, what's changed is governance. Withdrawal categories are simplified to three buckets: illness, education-marriage, and housing.Exempted private PF trusts face tighter audits, digital disclosures, and mandatory dematerialisation.<h2>Now the money question</h2>EPF currently pays 8.25 per cent annually, a rate the centre fixes, not the market. Compare that with bank fixed deposits: SBI's five-year FD sits near 6 to 6.5 per cent, private banks pay marginally higher. That roughly 1.75 to 2 per cent gap compounds hard over decades.<h2>Tax-free PF edge over bank deposits</h2>So, a worker investing 3,000 rupees monthly for 30 years earns close to 47 lakh rupees in EPF at 8.25 per cent. The same in an FD at 6.5 per cent yields about 33 lakh rupees. That's a 42 per cent gap, or over 14 lakh rupees, purely from the interest differential, before counting PF's tax-free compounding, which FDs don't get. For India's 8 crore subscribers, nothing really changes on the ground. But the compliance net tightens, and retirement savings quietly outperform India's safest bank product by a wide, structural margin.

India's EPF Scheme 2026 is now in force. Here's what changes for PF contributions, withdrawals, EPS, EDLI, compliance and retirement savings.

India's retirement math just got a rewrite. From July 1, the Employees' Provident Fund Organisation, or the EPFO, formally rolled out the EPF scheme 2026, EPS 2026, and EDLI 2026. India's new labour code lands after a 4-year wait, with the new rules replacing the six-decade-old 1952 framework under the new code on social security. PF contribution steady, compliance tighter The headline for salaried India is that contribution rates stay untouched. Under the new employees' provident funds scheme, 2026, if your monthly basic pay is 15,000 rupees or higher, the mandatory minimum deduction is fixed at 1,800 rupees per month. The employer must match this exact amount. An increase in the PF contribution above that minimum mandated amount will add to the longer-term savings corpus. However, that will also lower the monthly take-home salary. Broadly, employees and employers still put in 12 per cent each of wages, capped at the 15,000 rupees statutory wage ceiling, unless a worker opts for the higher-wage, higher-pension route, the Supreme Court cleared earlier. Also Read: India-Japan Summit: Will dollar bypass take shape? India's PF law: same rate, new rulebook In the new rule, what's changed is governance. Withdrawal categories are simplified to three buckets: illness, education-marriage, and housing. Exempted private PF trusts face tighter audits, digital disclosures, and mandatory dematerialisation. Now the money question EPF currently pays 8.25 per cent annually, a rate the centre fixes, not the market. Compare that with bank fixed deposits: SBI's five-year FD sits near 6 to 6.5 per cent, private banks pay marginally higher. That roughly 1.75 to 2 per cent gap compounds hard over decades. Tax-free PF edge over bank deposits So, a worker investing 3,000 rupees monthly for 30 years earns close to 47 lakh rupees in EPF at 8.25 per cent. The same in an FD at 6.5 per cent yields about 33 lakh rupees. That's a 42 per cent gap, or over 14 lakh rupees, purely from the interest differential, before counting PF's tax-free compounding, which FDs don't get. For India's 8 crore subscribers, nothing really changes on the ground. But the compliance net tightens, and retirement savings quietly outperform India's safest bank product by a wide, structural margin.

India's EPF Scheme 2026 is now in force. Here's what changes for PF contributions, withdrawals, EPS, EDLI, compliance and retirement savings.

India's new EPF rules 2026 explained: What changes for PF, pension, withdrawals and retirement savings

Beyond the signed MoUs and the listed plan for the India-Japan summit, bets are on currency plumbing. The headline story for Prime Minister Modi and his Japanese counterpart Sanae Takaichi's summit could be Rupee-Yen bilateral trade settlement. &nbsp;<h2>Will India-Japan trade go local-currency?</h2>India and Japan are expected to advance a direct yen-rupee settlement framework, letting Japanese non-resident entities open accounts with Indian banks and allowing both sides' financial institutions to settle cross-border payments without routing through the dollar. Also read: <a href="https://www.wionews.com/world/watch-pm-modi-japan-pm-sanae-takaichi-exchange-warm-handshake-as-india-japan-summit-begins-what-it-signifies-1782968755332">Watch: PM Modi, Japan PM Sanae Takaichi exchange warm handshake</a>&nbsp;The arrangement would eliminate the intermediary currency, lowering forex conversion costs, cutting remittance charges and speeding up settlement. The signal matters more than the mechanism. If it makes the joint statement, it would be the first time currency cooperation of this kind has been formally written into a leaders' statement between the two countries. That will also be an upgrade from the softer language in last year's Japan-India joint vision. India-Japan: joint statement The scale justifies the urgency. Also read: <a href="https://www.wionews.com/india-news/what-is-joint-crediting-mechanism-and-how-japan-plans-to-bankroll-part-of-india-s-decarbonisation-1782975320349">Joint Crediting Mechanism: Japan's roadmap to funding India's green transition</a>&nbsp;Bilateral trade hit $27.47 billion in fiscal year 2025-26, with Japan exporting $21.43 billion in goods to India. A $75-billion bilateral currency swap agreement, extended through 2026, already gives both central banks the baseline infrastructure needed. Japan's Ministry of Finance is reportedly targeting a formal memorandum of cooperation with the RBI within fiscal 2026.

<h2> Will the global rupee plan get a G7 ally?</h2> This isn't India's first local-currency experiment. Since 2022, the RBI's special rupee vostro account mechanism has expanded across roughly 150 accounts spanning 30 countries, mostly with sanctioned or deficit-strapped partners like Russia. Adding Japan, a G7 economy and major reserve-currency issuer, will be different. That signals local-currency settlement graduating from crisis workaround to corporate standard among trusted allies. &nbsp;Markets and investors will watch adoption and not just an announcement. A joint statement is a political commitment. &nbsp;But actual usage depends on how fast banks build settlement rails and whether exporters in autos, electronics and capital goods, the sectors most exposed to Japan, use the mechanism. Takaichi's China problem, India's gain. Geopolitics adds urgency. With Tokyo-Beijing relations deteriorating over Taiwan and China's fresh export curbs on Japanese firms, Takaichi has a clear incentive to diversify financial and supply-chain dependencies towards India.

India and Japan are expected to advance a local-currency trade mechanism, allowing direct Rupee-Yen bilateral settlements to lower forex transaction costs and bypass the US dollar for cross-border payments.

Beyond the signed MoUs and the listed plan for the India-Japan summit, bets are on currency plumbing. The headline story for Prime Minister Modi and his Japanese counterpart Sanae Takaichi's summit could be Rupee-Yen bilateral trade settlement. Will India-Japan trade go local-currency? India and Japan are expected to advance a direct yen-rupee settlement framework, letting Japanese non-resident entities open accounts with Indian banks and allowing both sides' financial institutions to settle cross-border payments without routing through the dollar. Also read: Watch: PM Modi, Japan PM Sanae Takaichi exchange warm handshake The arrangement would eliminate the intermediary currency, lowering forex conversion costs, cutting remittance charges and speeding up settlement. The signal matters more than the mechanism. If it makes the joint statement, it would be the first time currency cooperation of this kind has been formally written into a leaders' statement between the two countries. That will also be an upgrade from the softer language in last year's Japan-India joint vision. India-Japan: joint statement The scale justifies the urgency. Also read: Joint Crediting Mechanism: Japan's roadmap to funding India's green transition Bilateral trade hit $27.47 billion in fiscal year 2025-26, with Japan exporting $21.43 billion in goods to India. A $75-billion bilateral currency swap agreement, extended through 2026, already gives both central banks the baseline infrastructure needed. Japan's Ministry of Finance is reportedly targeting a formal memorandum of cooperation with the RBI within fiscal 2026.

India and Japan are expected to advance a local-currency trade mechanism, allowing direct Rupee-Yen bilateral settlements to lower forex transaction costs and bypass the US dollar for cross-border payments.

India-Japan Summit: Will dollar bypass take shape?

The interest in the India-Japan summit extends beyond both countries, with the outcomes expected to have far-reaching consequences. The real story isn't the $61 billion that Japan has pledged to invest in India over the next decade but what it's fleeing from.&nbsp;Japan's Prime Minister Sanae Takaichi's Delhi visit is being sold as investment diplomacy. Look closer, and it's a hedging operation. Days before she landed, Beijing slapped export controls on 40 Japanese entities, including defence contractors and research labs. That was a retaliation for Takaichi's warning that a Chinese move on Taiwan could trigger Japanese self-defence action. That's not the backdrop, but the trigger.&nbsp;Also Read: <a href="https://www.wionews.com/world/watch-pm-modi-japan-pm-sanae-takaichi-exchange-warm-handshake-as-india-japan-summit-begins-what-it-signifies-1782968755332">Watch: PM Modi, Japan PM Sanae Takaichi exchange warm handshake as India-Japan summit begins: What it signifies</a>&nbsp;Japan Inc., already squeezed by Trump's tariffs on one side, now faces weaponised trade access on the other. So, for Japan, India isn't just a partner but a strategic ballast. The numbers back this.&nbsp;Japanese investment in India ran to $3.2 billion between April and December 2025 alone, against a pledged $61 billion over the coming decade. That investment was announced when Indian Prime Minister Narendra Modi visited Tokyo last August, before the China-Japan rupture hardened. The Yes Bank stake, $1.6 billion for 20 per cent, wasn't isolated banking interest; it was Japanese capital testing Indian financial exposure ahead of a bigger pivot.&nbsp;Also Read: <a href="https://www.wionews.com/world/wion-decodes-takaichi-s-visit-puts-the-india-japan-semiconductor-partnership-in-focus-1782961330976">WION Decodes | Takaichi's visit puts the India-Japan semiconductor partnership in focus</a>&nbsp;Investors will watch for fresh moves into Indian banking or NBFCS.&nbsp;That's the tell for capital, not just factories, relocating away from China. The joint declaration on "economic coercion", deliberately unnamed but obviously aimed at Beijing, matters more than any single MoU. That signals Japan is willing to use India as a diplomatic co-signatory against Chinese trade weaponisation, something Tokyo has avoided doing bilaterally with New Delhi before. Critical minerals and semiconductor cooperation follow the same logic. &nbsp;That is not innovation for Japan's own sake but supply-chain insurance after China's rare-earth leverage over Japan became impossible to ignore. The AI initiative and 500-professional talent pipeline are the soft wrapper. The hard core is this: Japan is quietly re-routing its China-dependent economic security architecture through India. And Delhi is charging strategic rent for the privileged access, minerals and defence-tech reciprocity. Investors will watch for the fine print and not the headline figure.

The India-Japan Summit 2026 is about more than investment. As China tightens trade pressure, Japan is deepening ties with India through strategic investments, supply-chain diversification, critical minerals, semiconductors and economic security, signalling a long-term geopolitical pivot.

The interest in the India-Japan summit extends beyond both countries, with the outcomes expected to have far-reaching consequences. The real story isn't the $61 billion that Japan has pledged to invest in India over the next decade but what it's fleeing from. Japan's Prime Minister Sanae Takaichi's Delhi visit is being sold as investment diplomacy. Look closer, and it's a hedging operation. Days before she landed, Beijing slapped export controls on 40 Japanese entities, including defence contractors and research labs. That was a retaliation for Takaichi's warning that a Chinese move on Taiwan could trigger Japanese self-defence action. That's not the backdrop, but the trigger. Also Read: Watch: PM Modi, Japan PM Sanae Takaichi exchange warm handshake as India-Japan summit begins: What it signifies Japan Inc., already squeezed by Trump's tariffs on one side, now faces weaponised trade access on the other. So, for Japan, India isn't just a partner but a strategic ballast. The numbers back this. Japanese investment in India ran to $3.2 billion between April and December 2025 alone, against a pledged $61 billion over the coming decade. That investment was announced when Indian Prime Minister Narendra Modi visited Tokyo last August, before the China-Japan rupture hardened. The Yes Bank stake, $1.6 billion for 20 per cent, wasn't isolated banking interest; it was Japanese capital testing Indian financial exposure ahead of a bigger pivot. Also Read: WION Decodes | Takaichi's visit puts the India-Japan semiconductor partnership in focus Investors will watch for fresh moves into Indian banking or NBFCS. That's the tell for capital, not just factories, relocating away from China. The joint declaration on "economic coercion", deliberately unnamed but obviously aimed at Beijing, matters more than any single MoU. That signals Japan is willing to use India as a diplomatic co-signatory against Chinese trade weaponisation, something Tokyo has avoided doing bilaterally with New Delhi before. Critical minerals and semiconductor cooperation follow the same logic. That is not innovation for Japan's own sake but supply-chain insurance after China's rare-earth leverage over Japan became impossible to ignore. The AI initiative and 500-professional talent pipeline are the soft wrapper. The hard core is this: Japan is quietly re-routing its China-dependent economic security architecture through India. And Delhi is charging strategic rent for the privileged access, minerals and defence-tech reciprocity. Investors will watch for the fine print and not the headline figure.

The India-Japan Summit 2026 is about more than investment. As China tightens trade pressure, Japan is deepening ties with India through strategic investments, supply-chain diversification, critical minerals, semiconductors and economic security, signalling a long-term geopolitical pivot.

India-Japan Summit goes beyond $61 billion bet

The "Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission, Gramin", or the VB-G RAM Act, 2025, replaces MGNREGA, the scheme that defined rural India's safety net since 2005. Under the new law, the national average wage has increased from ₹298.8 per day under MGNREGA to ₹327.4 per day. That is a rise of ₹28.6, or over 10 per cent.More significant is the floor. Prior to the notification on Wednesday, wage rates in several states were below ₹300, with the lowest notified wage being ₹241 per day. That gap is now closed. A base wage of ₹300 per day has been fixed. Ensuring no state falls below that threshold. The wage map shows states with historically depressed rural wages get the steepest hikes, between 15 and 25 per cent. Those states include Uttar Pradesh, Bihar, Jharkhand, West Bengal, Assam, Arunachal Pradesh and Himachal Pradesh.Also read | <a href="https://www.wionews.com/india-news/9-years-of-gst-india-s-compliance-phase-starts-1782969203965">9 years of GST: India's compliance phase starts</a>On the other end, already high-wage states have pushed further up. Haryana now pays ₹409, Goa ₹406, Kerala ₹401, and Sikkim's high-altitude panchayats ₹450. Beyond wages, the structural shift is bigger. The act guarantees up to 125 days of waged employment per household. Up from 100 days under the previous MGNREGA.An interim allocation of ₹95,692 crore, or about $10 billion, has gone to the states to ensure a smooth transition and uninterrupted payments. The economic logic is: Pump money into the lowest rungs of the rural wage ladder, and lift consumption in regions that need it most.The government bets the multiplier effect on demand could be substantial. From states such as UP and Bihar, with the largest rural workforce. But the rollout hasn't been friction-free.Opposition parties and activists have raised concerns over changes to the existing framework. Implementation will be the real test. Only 24 states have so far notified their state-level schemes, and 29 have made budgetary provisions. The formal launch happens on Thursday in Andhra Pradesh's Tirupati district. Watch | Rural India's new wage map: who gains most<a href="https://www.wionews.com/videos/rural-india-s-new-wage-map-who-gains-most-1782970012086/embed">https://www.wionews.com/videos/rural-india-s-new-wage-map-who-gains-most-1782970012086/embed</a>&nbsp;

Beyond wages, the structural shift is bigger. The act guarantees up to 125 days of waged employment per household. Up from 100 days under the previous MGNREGA.

The "Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission, Gramin", or the VB-G RAM Act, 2025, replaces MGNREGA, the scheme that defined rural India's safety net since 2005. Under the new law, the national average wage has increased from ₹298.8 per day under MGNREGA to ₹327.4 per day. That is a rise of ₹28.6, or over 10 per cent. More significant is the floor. Prior to the notification on Wednesday, wage rates in several states were below ₹300, with the lowest notified wage being ₹241 per day. That gap is now closed. A base wage of ₹300 per day has been fixed. Ensuring no state falls below that threshold. The wage map shows states with historically depressed rural wages get the steepest hikes, between 15 and 25 per cent. Those states include Uttar Pradesh, Bihar, Jharkhand, West Bengal, Assam, Arunachal Pradesh and Himachal Pradesh. Also read | 9 years of GST: India's compliance phase starts On the other end, already high-wage states have pushed further up. Haryana now pays ₹409, Goa ₹406, Kerala ₹401, and Sikkim's high-altitude panchayats ₹450. Beyond wages, the structural shift is bigger. The act guarantees up to 125 days of waged employment per household. Up from 100 days under the previous MGNREGA. An interim allocation of ₹95,692 crore, or about $10 billion, has gone to the states to ensure a smooth transition and uninterrupted payments. The economic logic is: Pump money into the lowest rungs of the rural wage ladder, and lift consumption in regions that need it most. The government bets the multiplier effect on demand could be substantial. From states such as UP and Bihar, with the largest rural workforce. But the rollout hasn't been friction-free. Opposition parties and activists have raised concerns over changes to the existing framework. Implementation will be the real test. Only 24 states have so far notified their state-level schemes, and 29 have made budgetary provisions. The formal launch happens on Thursday in Andhra Pradesh's Tirupati district. Watch | Rural India's new wage map: who gains most https://www.wionews.com/videos/rural-india-s-new-wage-map-who-gains-most-1782970012086/embed

Beyond wages, the structural shift is bigger. The act guarantees up to 125 days of waged employment per household. Up from 100 days under the previous MGNREGA.

India's new rural employment act: New floor wage set at Rs 300

Nine years since India replaced seventeen central and state levies with a single indirect tax, the goods and services tax, or GST, and the numbers tell a story of scale. Registered taxpayers have risen from 66.5 lakh in 2017 to 1.65 crore through to May this year. Gross collections have climbed from Rs 7.4 lakh crore, or about $78 billion, in 2017–18.To Rs 22.27 lakh crore, or nearly $234 billion, in 2025-26.&nbsp;April posted a record monthly collection of 2.42 lakh crore rupees, and June's net GST mop-up rose 11.2 per cent year-on-year to Rs 1.62 lakh crore. That trajectory reflects formalisation of the economy as much as revenue growth.But the real story this year is the pivot.&nbsp;In September 2025, the government rolled out what it calls next-gen GST. Collapsing the four-slab structure into essentially two principal slabs of 5 per cent and 18 per cent, with luxury and sin goods like tobacco and online gaming pushed into a 40 per cent bracket.&nbsp;Nearly 90 per cent of goods earlier taxed at 28 per cent moved to 18 per cent. That is a deliberate demand stimulus.Timed against a macro backdrop of GDP growth near 7.8 per cent and moderating inflation. Economically, that was a consumption boost bet.&nbsp;Also read: <a href="https://www.wionews.com/world/wion-decodes-takaichi-s-visit-puts-the-india-japan-semiconductor-partnership-in-focus-1782961330976">WION Decodes | Takaichi's visit puts the India-Japan semiconductor partnership in focus</a>&nbsp;The harder test now is compliance mechanics and not rates. Businesses now face less negotiation room and more automated scrutiny. The next GST council meeting is expected to shift focus from rates to registration, refunds and audit facilitation.&nbsp;That suggests the rate-cutting phase is largely done. Sentiment backs the country's GST transition. A Deloitte India survey found that over 99 per cent of businesses report positive or neutral experiences with GST.&nbsp;Negative sentiment near zero, down from 5 per cent in 2025 and 10 per cent in 2022. Nine years in, GST has stopped being a reform story and become an infrastructure story. The question now is administrative delivery and not design anymore.

April posted a record monthly collection of 2.42 lakh crore rupees, and June's net GST mop-up rose 11.2 per cent year-on-year to Rs 1.62 lakh crore. That trajectory reflects formalisation of the economy as much as revenue growth.

Nine years since India replaced seventeen central and state levies with a single indirect tax, the goods and services tax, or GST, and the numbers tell a story of scale. Registered taxpayers have risen from 66.5 lakh in 2017 to 1.65 crore through to May this year. Gross collections have climbed from Rs 7.4 lakh crore, or about $78 billion, in 2017–18. To Rs 22.27 lakh crore, or nearly $234 billion, in 2025-26. April posted a record monthly collection of 2.42 lakh crore rupees, and June's net GST mop-up rose 11.2 per cent year-on-year to Rs 1.62 lakh crore. That trajectory reflects formalisation of the economy as much as revenue growth. But the real story this year is the pivot. In September 2025, the government rolled out what it calls next-gen GST. Collapsing the four-slab structure into essentially two principal slabs of 5 per cent and 18 per cent, with luxury and sin goods like tobacco and online gaming pushed into a 40 per cent bracket. Nearly 90 per cent of goods earlier taxed at 28 per cent moved to 18 per cent. That is a deliberate demand stimulus. Timed against a macro backdrop of GDP growth near 7.8 per cent and moderating inflation. Economically, that was a consumption boost bet. Also read: WION Decodes | Takaichi's visit puts the India-Japan semiconductor partnership in focus The harder test now is compliance mechanics and not rates. Businesses now face less negotiation room and more automated scrutiny. The next GST council meeting is expected to shift focus from rates to registration, refunds and audit facilitation. That suggests the rate-cutting phase is largely done. Sentiment backs the country's GST transition. A Deloitte India survey found that over 99 per cent of businesses report positive or neutral experiences with GST. Negative sentiment near zero, down from 5 per cent in 2025 and 10 per cent in 2022. Nine years in, GST has stopped being a reform story and become an infrastructure story. The question now is administrative delivery and not design anymore.

April posted a record monthly collection of 2.42 lakh crore rupees, and June's net GST mop-up rose 11.2 per cent year-on-year to Rs 1.62 lakh crore. That trajectory reflects formalisation of the economy as much as revenue growth.

9 years of GST: India's compliance phase starts

Paramount Skydance said Wednesday it was hoping the EU would approve its $111 billion takeover of Warner Bros. Discovery, after it submitted a proposal to address related competition concerns.&nbsp;"We can confirm that today we have submitted a remedy to the European Commission," the US media conglomerate told AFP, without specifying what measures it had suggested.&nbsp;Paramount Skydance said it was "confident that this remedy directly and comprehensively addresses any concerns" raised by Brussels and supports "the path for timely clearance."&nbsp;The commission, the European Union's antitrust watchdog, has given itself until July 22 to decide on the acquisition, which has already been approved by the US Justice Department.&nbsp;It declined to comment on the content of the Paramount Skydance proposals, which according to US media includes an offer to pull out from a film distribution joint venture with Universal Pictures.&nbsp;Hollywood is uneasy about the takeover deal, which has been largely financed by one of President Donald Trump's closest billionaire allies.&nbsp;Hundreds of actors and directors have signed a letter opposing the merger, warning it will choke production in an industry already battered by years of consolidation and cost-cutting.&nbsp;The combined company would control a sprawling roster of assets, including CNN, Warner Bros. Pictures and the HBO Max streaming service.&nbsp;The deal is also awaiting approval in Britain, where the government announced Tuesday it may launch a more extensive review to ensure that media diversity is preserved.

Hundreds of actors and directors have signed a letter opposing the merger of Paramount and Warner Bros, warning it will choke production in an industry already battered by years of consolidation and cost-cutting.

Paramount Skydance said Wednesday it was hoping the EU would approve its $111 billion takeover of Warner Bros. Discovery, after it submitted a proposal to address related competition concerns. "We can confirm that today we have submitted a remedy to the European Commission," the US media conglomerate told AFP, without specifying what measures it had suggested. Paramount Skydance said it was "confident that this remedy directly and comprehensively addresses any concerns" raised by Brussels and supports "the path for timely clearance." The commission, the European Union's antitrust watchdog, has given itself until July 22 to decide on the acquisition, which has already been approved by the US Justice Department. It declined to comment on the content of the Paramount Skydance proposals, which according to US media includes an offer to pull out from a film distribution joint venture with Universal Pictures. Hollywood is uneasy about the takeover deal, which has been largely financed by one of President Donald Trump's closest billionaire allies. Hundreds of actors and directors have signed a letter opposing the merger, warning it will choke production in an industry already battered by years of consolidation and cost-cutting. The combined company would control a sprawling roster of assets, including CNN, Warner Bros. Pictures and the HBO Max streaming service. The deal is also awaiting approval in Britain, where the government announced Tuesday it may launch a more extensive review to ensure that media diversity is preserved.

Hundreds of actors and directors have signed a letter opposing the merger of Paramount and Warner Bros, warning it will choke production in an industry already battered by years of consolidation and cost-cutting.

Paramount offers EU remedies to greenlight Warner deal

The Income Tax Department has introduced a new return filing schedule for Assessment Year 2026-27, replacing the earlier system of a common deadline for most taxpayers. The deadline to file an Income Tax Return (ITR) will now depend on the taxpayer category and the ITR form being used for the income earned during the Financial Year (FY) 2025-26.&nbsp;Under the new system declared in Budget 2026, all the salaried employees, pensioners and individuals filing ITR-1 or ITR-2 must submit their income tax returns by July 31, 2026. Meanwhile, freelancers, consultants, professionals, proprietors, partners and taxpayers filing ITR-3 or ITR-4, including those under the presumptive taxation scheme and not requiring a tax audit, have been granted an extended deadline of August 31, 2026. The change was announced in Budget 2026.&nbsp;Also read: <a href="https://www.wionews.com/world/not-yet-live-whatsapp-responds-after-india-halts-its-username-feature-wion-factchecks-claims-1782960984846">'Not yet live': Whatsapp responds after India halts its username feature - WION factchecks claims</a><h3>When taxpayers can make changes to ITR</h3>A significant change this year is the extension of the deadline for filing revised income tax returns. Taxpayers can now make changes to their ITR until March 31, 2027, compared with the previous cut-off date of December 31. The extended window allows extra time to fix mistakes, update deductions or address mismatches in records such as Form 26AS or the Annual Information Statement (AIS).&nbsp;WATCH: https://www.wionews.com/videos/pok-protests-600-arrested-as-opposition-slams-pak-army-1782959243918/embedd However, taxpayers must note that belated returns can only be submitted up to December 31, 2026. Filing after the prescribed deadline may result in a penalty of up to Rs 5,000 under Section 234F, along with interest on any outstanding tax liability. Delayed filing may also lead to the loss of certain tax benefits, including the ability to opt for the old tax regime and carry forward specific losses. &nbsp;Meanwhile, the deadline for deposit tax deducted at source (TDS) during the April–June 2026 quarter is July 7, allowing by the Assessing Officer to make TDS payments on a quarterly basis.

The deadline to file an ITR will now depend on the taxpayer category and the ITR form being used for the income earned during the Financial Year (FY) 2025-26. All the salaried employees, pensioners, and individuals filing ITR-1 or ITR-2 must submit their income tax returns by July 31, 2026.

The Income Tax Department has introduced a new return filing schedule for Assessment Year 2026-27, replacing the earlier system of a common deadline for most taxpayers. The deadline to file an Income Tax Return (ITR) will now depend on the taxpayer category and the ITR form being used for the income earned during the Financial Year (FY) 2025-26. Under the new system declared in Budget 2026, all the salaried employees, pensioners and individuals filing ITR-1 or ITR-2 must submit their income tax returns by July 31, 2026. Meanwhile, freelancers, consultants, professionals, proprietors, partners and taxpayers filing ITR-3 or ITR-4, including those under the presumptive taxation scheme and not requiring a tax audit, have been granted an extended deadline of August 31, 2026. The change was announced in Budget 2026. Also read: 'Not yet live': Whatsapp responds after India halts its username feature - WION factchecks claims When taxpayers can make changes to ITR A significant change this year is the extension of the deadline for filing revised income tax returns. Taxpayers can now make changes to their ITR until March 31, 2027, compared with the previous cut-off date of December 31. The extended window allows extra time to fix mistakes, update deductions or address mismatches in records such as Form 26AS or the Annual Information Statement (AIS). WATCH: https://www.wionews.com/videos/pok-protests-600-arrested-as-opposition-slams-pak-army-1782959243918/embedd However, taxpayers must note that belated returns can only be submitted up to December 31, 2026. Filing after the prescribed deadline may result in a penalty of up to Rs 5,000 under Section 234F, along with interest on any outstanding tax liability. Delayed filing may also lead to the loss of certain tax benefits, including the ability to opt for the old tax regime and carry forward specific losses. Meanwhile, the deadline for deposit tax deducted at source (TDS) during the April–June 2026 quarter is July 7, allowing by the Assessing Officer to make TDS payments on a quarterly basis.

The deadline to file an ITR will now depend on the taxpayer category and the ITR form being used for the income earned during the Financial Year (FY) 2025-26. All the salaried employees, pensioners, and individuals filing ITR-1 or ITR-2 must submit their income tax returns by July 31, 2026.

July 31 or August 31: When is your ITR filing deadline? Check due date

New Delhi: The Indian government has issued a formal notice to Meta, directing the technology giant to explain its new WhatsApp “usernames” feature and suspend any rollout in the country until further consultations are complete. The Ministry of Electronics and Information Technology (MeitY) has given Meta three days to provide a detailed report on how the privacy-focused update will work, amid mounting concerns over impersonation, online fraud and challenges to traceability.&nbsp;Also Read: <a href="https://www.wionews.com/world/over-100-eminent-people-from-india-pak-write-open-letter-to-modi-shehbaz-appeal-to-end-hostilities-1782916095110">Over 100 eminent people from India, Pak write open letter to Modi, Shehbaz; appeal to end hostilities</a>&nbsp;WhatsApp, used by hundreds of millions in India, announced last week that users would soon be able to reserve unique usernames, allowing them to connect with others without sharing their phone numbers. The feature, already open for reservations in some markets and slated for wider rollout later in 2026, is designed to allow users to chat, join groups or contact businesses via handles like @exampleuser rather than their mobile numbers.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-invites-india-s-ruling-bjp-and-opposition-congress-to-khamenei-state-funeral-1782905079005">Iran invites India’s ruling BJP and opposition Congress to Khamenei state funeral</a>&nbsp;Meta has described the change as a major step forward, with safeguards including reserved names for public figures, celebrities and government entities, limits on contact attempts and no public directory of usernames. WhatsApp head Kunal Shah, an Indian fintech entrepreneur recently appointed to the role, promoted the username feature as “a more private way to connect”.&nbsp;Also Read: <a href="https://www.wionews.com/world/decoding-japan-s-soft-power-and-cultural-influence-india-others-tend-to-overlook-1782901121503">Decoding Japan’s soft power and cultural influence India, others tend to overlook</a>&nbsp;But it is clear that the Indian government is not convinced and is concerned that fraudsters could create fake profiles mimicking officials or agencies, especially using international numbers, making it harder to trace perpetrators. Meta has yet to respond publicly to the notice.&nbsp;For the social media giant, India represents one of WhatsApp’s largest and fastest-growing markets, driving user numbers and engagement that bolster the company’s global valuation.

The feature, already open for reservations in some markets and slated for wider rollout later in 2026, is designed to allow users to chat, join groups or contact businesses via handles like @exampleuser rather than their mobile numbers.

New Delhi: The Indian government has issued a formal notice to Meta, directing the technology giant to explain its new WhatsApp “usernames” feature and suspend any rollout in the country until further consultations are complete. The Ministry of Electronics and Information Technology (MeitY) has given Meta three days to provide a detailed report on how the privacy-focused update will work, amid mounting concerns over impersonation, online fraud and challenges to traceability. Also Read: Over 100 eminent people from India, Pak write open letter to Modi, Shehbaz; appeal to end hostilities WhatsApp, used by hundreds of millions in India, announced last week that users would soon be able to reserve unique usernames, allowing them to connect with others without sharing their phone numbers. The feature, already open for reservations in some markets and slated for wider rollout later in 2026, is designed to allow users to chat, join groups or contact businesses via handles like @exampleuser rather than their mobile numbers. Also Read: Iran invites India’s ruling BJP and opposition Congress to Khamenei state funeral Meta has described the change as a major step forward, with safeguards including reserved names for public figures, celebrities and government entities, limits on contact attempts and no public directory of usernames. WhatsApp head Kunal Shah, an Indian fintech entrepreneur recently appointed to the role, promoted the username feature as “a more private way to connect”. Also Read: Decoding Japan’s soft power and cultural influence India, others tend to overlook But it is clear that the Indian government is not convinced and is concerned that fraudsters could create fake profiles mimicking officials or agencies, especially using international numbers, making it harder to trace perpetrators. Meta has yet to respond publicly to the notice. For the social media giant, India represents one of WhatsApp’s largest and fastest-growing markets, driving user numbers and engagement that bolster the company’s global valuation.

The feature, already open for reservations in some markets and slated for wider rollout later in 2026, is designed to allow users to chat, join groups or contact businesses via handles like @exampleuser rather than their mobile numbers.

India directs Meta to halt WhatsApp usernames feature until consultations are complete

TikTok is considering another round of job cuts in Europe, with about 300 roles reportedly at risk at its Dublin headquarters. The proposed layoffs would follow a similar reduction in workforce last year and could affect one of the company's largest operations outside Asia.According to reports, TikTok has begun consulting employees about the planned restructuring. While the company has not confirmed the final number of positions that will be affected, the move signals that the social media platform is continuing to reshape its business operations in Europe.<h2>Why is TikTok considering more layoffs?</h2>Technology companies have spent the past few years reviewing costs while investing heavily in artificial intelligence, cloud infrastructure and new digital services. For TikTok, the latest proposal appears to be part of a broader organisational review rather than a sign that the platform is slowing down. Companies often reorganise teams to improve efficiency, remove overlapping roles and focus resources on priority areas. The reported cuts come about a year after TikTok reduced a similar number of jobs at its Dublin office.<h2>TikTok's Dublin office</h2>TikTok's Dublin office serves as one of the company's most important European hubs. It supports operations across multiple countries and houses teams working in trust and safety, data privacy, public policy, engineering, sales and business operations. The office has grown rapidly over the past few years as TikTok expanded across Europe and invested in regional data security initiatives. Because of its strategic role, any workforce changes at the Dublin hub are closely watched by employees, regulators and the wider technology industry. The reported layoffs are currently part of an employee consultation process, meaning the final number of affected roles could still change. TikTok has not announced any impact on its services, users or creators. The platform continues to invest in new features, advertising products and artificial intelligence tools while facing increasing regulatory scrutiny across Europe.&nbsp;The latest proposal also reflects a wider trend across the technology sector, where companies are balancing long-term investment in AI with efforts to streamline operations and control costs.&nbsp;If approved, the latest restructuring would mark another significant workforce adjustment for TikTok's European business as it adapts to changing market conditions.

TikTok is reportedly considering cutting around 300 jobs at its Dublin headquarters, following a similar round of layoffs last year. The proposed move comes as the company continues restructuring its European operations while investing in AI and long-term growth.

TikTok is considering another round of job cuts in Europe, with about 300 roles reportedly at risk at its Dublin headquarters. The proposed layoffs would follow a similar reduction in workforce last year and could affect one of the company's largest operations outside Asia. According to reports, TikTok has begun consulting employees about the planned restructuring. While the company has not confirmed the final number of positions that will be affected, the move signals that the social media platform is continuing to reshape its business operations in Europe. Why is TikTok considering more layoffs? Technology companies have spent the past few years reviewing costs while investing heavily in artificial intelligence, cloud infrastructure and new digital services. For TikTok, the latest proposal appears to be part of a broader organisational review rather than a sign that the platform is slowing down. Companies often reorganise teams to improve efficiency, remove overlapping roles and focus resources on priority areas. The reported cuts come about a year after TikTok reduced a similar number of jobs at its Dublin office. TikTok's Dublin office TikTok's Dublin office serves as one of the company's most important European hubs. It supports operations across multiple countries and houses teams working in trust and safety, data privacy, public policy, engineering, sales and business operations. The office has grown rapidly over the past few years as TikTok expanded across Europe and invested in regional data security initiatives. Because of its strategic role, any workforce changes at the Dublin hub are closely watched by employees, regulators and the wider technology industry. The reported layoffs are currently part of an employee consultation process, meaning the final number of affected roles could still change. TikTok has not announced any impact on its services, users or creators. The platform continues to invest in new features, advertising products and artificial intelligence tools while facing increasing regulatory scrutiny across Europe. The latest proposal also reflects a wider trend across the technology sector, where companies are balancing long-term investment in AI with efforts to streamline operations and control costs. If approved, the latest restructuring would mark another significant workforce adjustment for TikTok's European business as it adapts to changing market conditions.

TikTok is reportedly considering cutting around 300 jobs at its Dublin headquarters, following a similar round of layoffs last year. The proposed move comes as the company continues restructuring its European operations while investing in AI and long-term growth.

Betting big on AI: TikTok plans fresh job cuts in Europe as about 300 roles face risk at its Dublin hub

Zee Entertainment Enterprises Ltd on Wednesday (July 1) announced the appointment of Sudeep Nagpurkar as Chief Sales Officer - Social Platforms, Creator Economy and Partnerships. &nbsp;Sudeep, who will be based out of Noida and will report into Sandeep Mehrotra, Chief Operating Officer – Advertisement Revenue, ‘Z’, has been brought in to further strengthen the digital monetization engine and propel the growth momentum of the company.&nbsp;At a time when brands are increasingly seeking integrated ecosystems that enable meaningful engagement across content, creators, communities and commerce, Zee Entertainment Enterprises Ltd is focused &nbsp;on building a robust digital ecosystem that leverages its content strengths, technology capabilities and strategic partnerships to unlock new monetization opportunities across social platforms, creator networks and emerging digital touchpoints.&nbsp;Sudeep will leverage his deep industry knowledge and experience to enhance the digital asset monetization capabilities with a strong focus on strategic partnerships. Sudeep will work closely with platforms, creators, brands and advertisers to develop innovative monetization solutions and unlock new revenue opportunities for the Company. He will also play a key role in driving strategic collaborations that further strengthen the Company’s presence across the rapidly expanding creator economy ecosystem.&nbsp;<h2>What does Sandeep Mehrotra say</h2>&nbsp;“In a rapidly evolving landscape, the convergence of content, technology and commerce is unlocking newer avenues for audience engagement and monetization. Our focus is to build a future-ready revenue ecosystem with robust capabilities to capitalize on the opportunities emerging from the expanding creator economy and social platforms. I am glad to welcome Sudeep, as we accelerate the momentum on our digital journey. His experience in developing strategic partnerships and driving monetization strategies will further strengthen our capabilities across the digital landscape, said Mehrotra about Nagpurkar's appointment.&nbsp;Sudeep Nagpurkar also let out his views saying, “The creator economy and social platforms are redefining how audiences discover, consume and engage with content. This presents a significant opportunity for brands to connect with consumers through more authentic, contextual and outcome-driven experiences. I am excited to join ‘Z’ at a pivotal phase in its digital growth journey and look forward to collaborating with creators, platforms, advertisers and partners to build innovative monetization models, unlock new revenue streams and create a future-ready ecosystem that delivers long-term value for all stakeholders.”&nbsp;<h2>Nagpurkar's experience and expertise</h2>&nbsp;Sudeep has over 16 years of experience across multiple sectors like Consumer Technology, B2B SaaS, Retail and FMCG. Over the course of his career, Sudeep has worked across regions in India &amp; enabled businesses to export from India to the world. Previously, he was associated with Google India, where he served as the Head of Industry, FMCG, enabling marketing transformation for large consumer conglomerates. He has also been associated with National Instruments (Emerson), building deep foundational expertise in consultative sales and business development. &nbsp;The appointment of Sudeep is a part of the Company's strategic efforts to build a diversified and future-ready monetization ecosystem, leveraging the growing influence of social platforms and creator networks to develop long-term strategic partnerships and enhance value creation across the business.&nbsp;&nbsp;&nbsp;&nbsp;

At a time when brands are increasingly seeking integrated ecosystems that enable meaningful engagement across content, creators, communities and commerce, Zee Entertainment Enterprises Ltd is focused  on building a robust digital ecosystem .

Zee Entertainment Enterprises Ltd on Wednesday (July 1) announced the appointment of Sudeep Nagpurkar as Chief Sales Officer - Social Platforms, Creator Economy and Partnerships. Sudeep, who will be based out of Noida and will report into Sandeep Mehrotra, Chief Operating Officer – Advertisement Revenue, ‘Z’, has been brought in to further strengthen the digital monetization engine and propel the growth momentum of the company. At a time when brands are increasingly seeking integrated ecosystems that enable meaningful engagement across content, creators, communities and commerce, Zee Entertainment Enterprises Ltd is focused on building a robust digital ecosystem that leverages its content strengths, technology capabilities and strategic partnerships to unlock new monetization opportunities across social platforms, creator networks and emerging digital touchpoints. Sudeep will leverage his deep industry knowledge and experience to enhance the digital asset monetization capabilities with a strong focus on strategic partnerships. Sudeep will work closely with platforms, creators, brands and advertisers to develop innovative monetization solutions and unlock new revenue opportunities for the Company. He will also play a key role in driving strategic collaborations that further strengthen the Company’s presence across the rapidly expanding creator economy ecosystem. What does Sandeep Mehrotra say “In a rapidly evolving landscape, the convergence of content, technology and commerce is unlocking newer avenues for audience engagement and monetization. Our focus is to build a future-ready revenue ecosystem with robust capabilities to capitalize on the opportunities emerging from the expanding creator economy and social platforms. I am glad to welcome Sudeep, as we accelerate the momentum on our digital journey. His experience in developing strategic partnerships and driving monetization strategies will further strengthen our capabilities across the digital landscape, said Mehrotra about Nagpurkar's appointment. Sudeep Nagpurkar also let out his views saying, “The creator economy and social platforms are redefining how audiences discover, consume and engage with content. This presents a significant opportunity for brands to connect with consumers through more authentic, contextual and outcome-driven experiences. I am excited to join ‘Z’ at a pivotal phase in its digital growth journey and look forward to collaborating with creators, platforms, advertisers and partners to build innovative monetization models, unlock new revenue streams and create a future-ready ecosystem that delivers long-term value for all stakeholders.” Nagpurkar's experience and expertise Sudeep has over 16 years of experience across multiple sectors like Consumer Technology, B2B SaaS, Retail and FMCG. Over the course of his career, Sudeep has worked across regions in India & enabled businesses to export from India to the world. Previously, he was associated with Google India, where he served as the Head of Industry, FMCG, enabling marketing transformation for large consumer conglomerates. He has also been associated with National Instruments (Emerson), building deep foundational expertise in consultative sales and business development. The appointment of Sudeep is a part of the Company's strategic efforts to build a diversified and future-ready monetization ecosystem, leveraging the growing influence of social platforms and creator networks to develop long-term strategic partnerships and enhance value creation across the business.

At a time when brands are increasingly seeking integrated ecosystems that enable meaningful engagement across content, creators, communities and commerce, Zee Entertainment Enterprises Ltd is focused &nbsp;on building a robust digital ecosystem .

Zee Entertainment appoints Sudeep Nagpurkar as Chief Sales Officer to strengthen digital monetization engine

Japanese Prime Minister Sanae Takaichi is visiting India from July 1 to 3 for the 16th India-Japan Annual Summit. Talks during her first visit to India as Japanese PM will cover defence, economic security, semiconductors, critical minerals and Indo-Pacific security. The visit is also likely to push &nbsp;an "Industrial Value Chain" linking the Bay of Bengal to Northeast India. &nbsp;A key area to examine in this context is the India-Japan free trade agreement, and how it sits inside frameworks like the Free and Open Indo-Pacific (FOIP). The meeting of the two energy-importer nations is taking place amid a perceived US thaw with China under President Trump. China was once central to Indo-Pacific calculations. That appeared to change in June, when the Pentagon renamed US Indo-Pacific Command back to US Pacific Command, dropping "Indo" from the title after eight years. US officials called it symbolic. The area of responsibility, stretching to India's western maritime boundary, stays <a href="https://www.pacom.mil/Media/Press-Releases-and-Readouts/Article/4519249/department-of-war-restores-us-pacific-command-designation/">unchanged</a>. But the naming carries signal value in this region. Amid this backdrop, let us examine the trade relations of India and Japan.<h2>Setting the context: Trade, FOIP, and shifting equations</h2>FOIP has anchored India-Japan strategic and economic thinking for over a decade. Trade policy, maritime security, and China-related calculations move together for both nations. The specific free trade pact (FTA) is the India-Japan Comprehensive Economic Partnership Agreement, or CEPA. The stated aim of FOIP and CEPA are interconnected: supply chain resilience, digital cooperation, and larger Japanese investment into India. Japan's FOIP vision rests on free trade, rule of law, and freedom of navigation. This aligns with India's Act East policy, the Indo-Pacific Oceans' Initiative (IPOI), and SAGAR — Security and Growth for All in the Region. Japan leads the Maritime Trade, Transport, and Connectivity pillar under IPOI, aimed at keeping commerce rules-based across the region including India. Bilateral annual summits have steadily widened cooperation into semiconductors, critical minerals, and AI to secure trade routes.Also read: <a href="https://www.wionews.com/world/takaichi-s-india-visit-decoding-india-japan-joint-vision-for-next-decade-and-its-eight-pillars-1782856460066">Takaichi's India visit: Decoding India-Japan Joint Vision for Next Decade and its eight pillars</a><h2>India-Japan free trade pact: Prospects and problems</h2>The <a href="https://www.commerce.gov.in/international-trade/trade-agreements/india-japan-cepa/">CEPA</a>, in force since August 2011, cut tariffs on roughly 94 per cent of goods traded between India and Japan over 10 years. Indian exports like textiles, gems, and marine products gained access to Japan, while Japanese exports like electronics and machinery went to India. But rice, wheat, and dairy — sectors where India has real export interest — stayed largely excluded. The trade imbalance shows in the numbers. Bilateral <a href="https://www.ibef.org/indian-exports/india-japan-trade">trade</a> touched $25.17 billion in FY25. Japan's imports from India stood at $6.73 billion in 2025, while India's <a href="https://www.ibef.org/indian-exports/india-japan-trade">imports</a> from Japan is higher, across machinery, electronics, copper and chemicals. The gap favours Japan structurally, not cyclically. The two nations are in the process of renegotiating CEPA. The 7th Joint Committee Meeting was held in Tokyo in March 2026. India <a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2235329®=3&amp;lang=1">pressed</a> for better market access in textiles, pharmaceuticals, agriculture, and services, and for a more balanced trade relationship. Rice access remains a live issue, though no breakthrough is confirmed.<a href="https://www.wionews.com/videos/india-japan-summit-japan-s-pm-sanae-takaichi-to-land-in-india-today-1782894450088/embed">https://www.wionews.com/videos/india-japan-summit-japan-s-pm-sanae-takaichi-to-land-in-india-today-1782894450088/embed</a><h2>Where CEPA can expand in the larger context of free and open Indo-Pacific</h2>Three areas stand out for widening India's exports to Japan and narrowing the trade deficit.First is defence. Both countries have flagged defence-tech cooperation as a summit priority, but this sits outside CEPA's current scope. Bringing defence manufacturing and co-production into the trade framework could be a natural next step.Services and skilled mobility is the second. India already has a Specified Skilled Worker <a href="https://www.indembassy-tokyo.gov.in/eoityo_pages/NjA">MoC</a> with Japan, and both sides agreed in 2025 to a five-year target of moving 50,000 skilled and semi-skilled Indian workers to Japan. Deepening services access under CEPA can build on this.AI and emerging tech are the third. Takaichi's op-ed column for the Times of India mentioned AI cooperation. And the groundwork already exists. India and Japan launched a Japan-India AI Cooperation <a href="https://www.pmindia.gov.in/en/news_updates/15th-india-japan-annual-summit-joint-statement-partnership-for-security-and-prosperity-of-our-next-generation">Initiative</a> in August 2025, covering LLMs, joint research, and data centre development. The first India-Japan Strategic AI Dialogue was held in Mumbai in April this year. This is the most likely potential area to formalise inside the CEPA, alongside an Economic Security Initiative already covering semiconductors, clean energy, telecom, pharmaceuticals, and critical minerals.Also read: <a href="https://www.wionews.com/world/china-s-xi-jinping-calls-taiwan-historic-mission-hours-before-japan-pm-takaichi-s-india-visit-1782894225091">China's Xi Jinping calls Taiwan 'historic mission' hours before Japan PM Takaichi's India visit: Is it a warning?</a><h2>Connecting the Northeast and beyond: An industrial value chain for India and Japan</h2>Takaichi's op-ed for this visit also raises the Industrial Value Chain concept, connecting Assam through Northeast India and Bangladesh to the Indian Ocean. She named two projects funded through Japanese ODA: the Dhubri-Phulbari Bridge and Matarbari Port in Bangladesh. The stated goal is linking India's Northeast to ASEAN, with spillover gains for Nepal and Bhutan.This sits outside CEPA's formal text. But it matters for the same reason CEPA does. Infrastructure funded through Japanese ODA could unlock the Northeast's geography, turning a landlocked region into a corridor between South and Southeast Asia. The context is that Japan remains India's largest bilateral official development assistance <a href="https://www.indembassy-tokyo.gov.in/eoityo_pages/NjA">donor</a>, with cumulative commitments above JPY 8.5 trillion. The summit's real test will be whether these strands — CEPA renegotiation, AI cooperation, and connectivity infrastructure — get folded into one coherent economic architecture under the larger framework of Free and Open Indo-Pacific.

Japanese PM Sanae Takaichi's India visit focuses on trade, maritime security and Indo-Pacific connectivity, with emphasis on Northeast India and supply chains. It is a good time to take a look at the two nations' free trade agreement. Is there scope for expansion and improvement?

Japanese Prime Minister Sanae Takaichi is visiting India from July 1 to 3 for the 16th India-Japan Annual Summit. Talks during her first visit to India as Japanese PM will cover defence, economic security, semiconductors, critical minerals and Indo-Pacific security. The visit is also likely to push an "Industrial Value Chain" linking the Bay of Bengal to Northeast India. A key area to examine in this context is the India-Japan free trade agreement, and how it sits inside frameworks like the Free and Open Indo-Pacific (FOIP). The meeting of the two energy-importer nations is taking place amid a perceived US thaw with China under President Trump. China was once central to Indo-Pacific calculations. That appeared to change in June, when the Pentagon renamed US Indo-Pacific Command back to US Pacific Command, dropping "Indo" from the title after eight years. US officials called it symbolic. The area of responsibility, stretching to India's western maritime boundary, stays unchanged. But the naming carries signal value in this region. Amid this backdrop, let us examine the trade relations of India and Japan. Setting the context: Trade, FOIP, and shifting equations FOIP has anchored India-Japan strategic and economic thinking for over a decade. Trade policy, maritime security, and China-related calculations move together for both nations. The specific free trade pact (FTA) is the India-Japan Comprehensive Economic Partnership Agreement, or CEPA. The stated aim of FOIP and CEPA are interconnected: supply chain resilience, digital cooperation, and larger Japanese investment into India. Japan's FOIP vision rests on free trade, rule of law, and freedom of navigation. This aligns with India's Act East policy, the Indo-Pacific Oceans' Initiative (IPOI), and SAGAR — Security and Growth for All in the Region. Japan leads the Maritime Trade, Transport, and Connectivity pillar under IPOI, aimed at keeping commerce rules-based across the region including India. Bilateral annual summits have steadily widened cooperation into semiconductors, critical minerals, and AI to secure trade routes. Also read: Takaichi's India visit: Decoding India-Japan Joint Vision for Next Decade and its eight pillars India-Japan free trade pact: Prospects and problems The CEPA, in force since August 2011, cut tariffs on roughly 94 per cent of goods traded between India and Japan over 10 years. Indian exports like textiles, gems, and marine products gained access to Japan, while Japanese exports like electronics and machinery went to India. But rice, wheat, and dairy — sectors where India has real export interest — stayed largely excluded. The trade imbalance shows in the numbers. Bilateral trade touched $25.17 billion in FY25. Japan's imports from India stood at $6.73 billion in 2025, while India's imports from Japan is higher, across machinery, electronics, copper and chemicals. The gap favours Japan structurally, not cyclically. The two nations are in the process of renegotiating CEPA. The 7th Joint Committee Meeting was held in Tokyo in March 2026. India pressed for better market access in textiles, pharmaceuticals, agriculture, and services, and for a more balanced trade relationship. Rice access remains a live issue, though no breakthrough is confirmed. https://www.wionews.com/videos/india-japan-summit-japan-s-pm-sanae-takaichi-to-land-in-india-today-1782894450088/embed Where CEPA can expand in the larger context of free and open Indo-Pacific Three areas stand out for widening India's exports to Japan and narrowing the trade deficit. First is defence. Both countries have flagged defence-tech cooperation as a summit priority, but this sits outside CEPA's current scope. Bringing defence manufacturing and co-production into the trade framework could be a natural next step. Services and skilled mobility is the second. India already has a Specified Skilled Worker MoC with Japan, and both sides agreed in 2025 to a five-year target of moving 50,000 skilled and semi-skilled Indian workers to Japan. Deepening services access under CEPA can build on this. AI and emerging tech are the third. Takaichi's op-ed column for the Times of India mentioned AI cooperation. And the groundwork already exists. India and Japan launched a Japan-India AI Cooperation Initiative in August 2025, covering LLMs, joint research, and data centre development. The first India-Japan Strategic AI Dialogue was held in Mumbai in April this year. This is the most likely potential area to formalise inside the CEPA, alongside an Economic Security Initiative already covering semiconductors, clean energy, telecom, pharmaceuticals, and critical minerals. Also read: China's Xi Jinping calls Taiwan 'historic mission' hours before Japan PM Takaichi's India visit: Is it a warning? Connecting the Northeast and beyond: An industrial value chain for India and Japan Takaichi's op-ed for this visit also raises the Industrial Value Chain concept, connecting Assam through Northeast India and Bangladesh to the Indian Ocean. She named two projects funded through Japanese ODA: the Dhubri-Phulbari Bridge and Matarbari Port in Bangladesh. The stated goal is linking India's Northeast to ASEAN, with spillover gains for Nepal and Bhutan. This sits outside CEPA's formal text. But it matters for the same reason CEPA does. Infrastructure funded through Japanese ODA could unlock the Northeast's geography, turning a landlocked region into a corridor between South and Southeast Asia. The context is that Japan remains India's largest bilateral official development assistance donor, with cumulative commitments above JPY 8.5 trillion. The summit's real test will be whether these strands — CEPA renegotiation, AI cooperation, and connectivity infrastructure — get folded into one coherent economic architecture under the larger framework of Free and Open Indo-Pacific.

Japanese PM Sanae Takaichi's India visit focuses on trade, maritime security and Indo-Pacific connectivity, with emphasis on Northeast India and supply chains. It is a good time to take a look at the two nations' free trade agreement. Is there scope for expansion and improvement?

Japan PM Sanae Takaichi's India visit and the state of free trade: Can more be expected under Indo-Pacific cooperation context?

Japanese Prime Minister Sanae Takaichi is set to arrive in India for her first official state visit. Takaichi will land in the national capital on Wednesday evening for her three-day official visit to India from July 1 to 3. The vital summit between Takaichi and Indian Prime Minister Narendra Modi, as per India's Ministry of External Affairs, offers a chance to "review and strengthen the full spectrum of bilateral cooperation as well as exchange views on regional and global issues of mutual interest."India and Japan share a "Special Strategic and Global Partnership," characterised by deep economic investments, strategic collaboration in the Indo-Pacific, and cultural ties. The relationship between the two nations focuses on manufacturing, AI, supply chain resilience, and infrastructure.Also read | <a href="https://www.wionews.com/india-news/semiconductors-to-biogas-what-s-really-on-the-table-at-the-modi-takaichi-summit-wion-decodes-1782721446269">Semiconductors to biogas: What’s really on the table at the Modi-Takaichi summit? | WION Decodes</a>A high-speed bullet train line happens to be one of the ambitious cooperative projects between India and Japan. The much-vaunted project, using Japanese "Shinkansen" technology, was launched in 2017 by PM Modi and his then-Japanese counterpart&nbsp;Shinzo Abe. What's the scorecard? How far has the project come? WION Decodes.<h2>Mumbai-Ahmedabad High-Speed Rail Project</h2>Back in 2017, India and Japan agreed to a strategic partnership to introduce and co-manufacture the next-generation E10 Shinkansen bullet trains on the Mumbai-Ahmedabad High-Speed Rail corridor. The project at the time was planned to be completed by 2023.The ambitious project to introduce India's first high-speed bullet train line has, however, been mired in cost overruns and delays.<a href="https://www.wionews.com/videos/india-japan-ties-why-japan-is-betting-big-on-india-from-china-1-to-indo-pacific-strategy-1782888145108/embed">https://www.wionews.com/videos/india-japan-ties-why-japan-is-betting-big-on-india-from-china-1-to-indo-pacific-strategy-1782888145108/embed</a><h2>Partial opening expected by 2027</h2>Almost a decade after work began on the high-speed bullet train line, a section of the project between Mumbai, India's financial capital and Ahmedabad, the key city in Modi's home state of Gujarat, may become operational by 2027, say Indian railway ministry officials.Talking to AFP, Dharmendra Tewari, Indian Railways' additional director general, said that "a considerable amount of work on the entire corridor has already been completed"."The first section of the bullet train will be operational in 2027, between the cities of Surat and Vapi," he added. The two cities, Surat, the global diamond cutting centre, and Vapi, known for its chemical and manufacturing industries, are about 100 kilometres apart.Also read | <a href="https://www.wionews.com/world/india-japan-ties-to-go-beyond-the-handshake-1782882666775">India-Japan ties to go beyond the handshake</a><h2>E10 deal, retired E5/E3 sets</h2>The partial opening has been made possible by "Japan’s offer to introduce, in the early 2030s, the E10 series of the Shinkansen that runs on the Japanese signalling system," said MEA in a press release, dated 29 August, 2025.Japan, as per reports, has agreed to bypass older E5/E3 models on the main route, choosing instead to debut the next-generation E10 in India concurrently with its rollout in Japan."The knowledge, skills and capabilities developed through the project are expected to support future high-speed rail corridors across the country," the government's plan reads.The proposed network would feature an east-west corridor connecting New Delhi with Varanasi, one of Hinduism’s holiest cities, before extending to the strategically important city of Siliguri, the gateway linking India’s northeastern states with the rest of the country.A second corridor would run roughly north to south from Ahmedabad to Mumbai, then stretch southeast across the country to connect key technology hubs, including Pune, Hyderabad, and Chennai. The Indian government describes these planned routes as “growth connectors.”

Before the Modi-Takaichi summit, India's bullet train report card looks like this: E10 deal locked in, Surat-Vapi section nearing completion, manufacturing ambitions expanding, but cost overruns and delays continue to shadow the project. WION Decodes.

Japanese Prime Minister Sanae Takaichi is set to arrive in India for her first official state visit. Takaichi will land in the national capital on Wednesday evening for her three-day official visit to India from July 1 to 3. The vital summit between Takaichi and Indian Prime Minister Narendra Modi, as per India's Ministry of External Affairs, offers a chance to "review and strengthen the full spectrum of bilateral cooperation as well as exchange views on regional and global issues of mutual interest." India and Japan share a "Special Strategic and Global Partnership," characterised by deep economic investments, strategic collaboration in the Indo-Pacific, and cultural ties. The relationship between the two nations focuses on manufacturing, AI, supply chain resilience, and infrastructure. Also read | Semiconductors to biogas: What’s really on the table at the Modi-Takaichi summit? | WION Decodes A high-speed bullet train line happens to be one of the ambitious cooperative projects between India and Japan. The much-vaunted project, using Japanese "Shinkansen" technology, was launched in 2017 by PM Modi and his then-Japanese counterpart Shinzo Abe. What's the scorecard? How far has the project come? WION Decodes. Mumbai-Ahmedabad High-Speed Rail Project Back in 2017, India and Japan agreed to a strategic partnership to introduce and co-manufacture the next-generation E10 Shinkansen bullet trains on the Mumbai-Ahmedabad High-Speed Rail corridor. The project at the time was planned to be completed by 2023. The ambitious project to introduce India's first high-speed bullet train line has, however, been mired in cost overruns and delays. https://www.wionews.com/videos/india-japan-ties-why-japan-is-betting-big-on-india-from-china-1-to-indo-pacific-strategy-1782888145108/embed Partial opening expected by 2027 Almost a decade after work began on the high-speed bullet train line, a section of the project between Mumbai, India's financial capital and Ahmedabad, the key city in Modi's home state of Gujarat, may become operational by 2027, say Indian railway ministry officials. Talking to AFP, Dharmendra Tewari, Indian Railways' additional director general, said that "a considerable amount of work on the entire corridor has already been completed". "The first section of the bullet train will be operational in 2027, between the cities of Surat and Vapi," he added. The two cities, Surat, the global diamond cutting centre, and Vapi, known for its chemical and manufacturing industries, are about 100 kilometres apart. Also read | India-Japan ties to go beyond the handshake E10 deal, retired E5/E3 sets The partial opening has been made possible by "Japan’s offer to introduce, in the early 2030s, the E10 series of the Shinkansen that runs on the Japanese signalling system," said MEA in a press release, dated 29 August, 2025. Japan, as per reports, has agreed to bypass older E5/E3 models on the main route, choosing instead to debut the next-generation E10 in India concurrently with its rollout in Japan. "The knowledge, skills and capabilities developed through the project are expected to support future high-speed rail corridors across the country," the government's plan reads. The proposed network would feature an east-west corridor connecting New Delhi with Varanasi, one of Hinduism’s holiest cities, before extending to the strategically important city of Siliguri, the gateway linking India’s northeastern states with the rest of the country. A second corridor would run roughly north to south from Ahmedabad to Mumbai, then stretch southeast across the country to connect key technology hubs, including Pune, Hyderabad, and Chennai. The Indian government describes these planned routes as “growth connectors.”

Before the Modi-Takaichi summit, India's bullet train report card looks like this: E10 deal locked in, Surat-Vapi section nearing completion, manufacturing ambitions expanding, but cost overruns and delays continue to shadow the project. WION Decodes.

Bullet train scorecard before Modi-Takaichi summit: E10 deal, 2027 partial opening, 8-year delay

Japanese Prime Minister Sanae Takaichi's India visit brings with it a clear plan and agenda on the Free and Open Indo-Pacific doctrine. The digital corridor plan under that strategy is the sharper story for the India-Japan annual summit this week. Japan's updated Free and Open Indo-Pacific strategy, unveiled by Takaichi in Hanoi in May, reframes the strategy away from pure maritime security towards economic resilience: ai, data flows, undersea cables and satellites. The country's communications ministry is set to launch eight communications infrastructure projects in Taiwan and India under a new digital corridor initiative. That is to strengthen cooperation on undersea cables, satellite communications, and digital infrastructure.&nbsp;Also Read: <a href="https://www.wionews.com/world/cepa-at-15-why-the-india-japan-trade-pact-fell-short-and-what-a-refresh-could-change-1782804365931">CEPA at 15: Why the India-Japan trade pact fell short—and what a refresh could change</a>&nbsp;Japan's ministry of internal affairs is rolling these out across Taiwan, India, Singapore and Chile, backed by roughly 8 billion yen, or nearly $5 billion. In Taiwan, Japan is testing resilience of undersea cables repeatedly damaged near its coast, which reports suspect is being done by China. In India and Singapore, Japan is betting on tech to secure digital payment infrastructure. In Chile, remote-operation tests using Japan's technology at the world's largest copper mine are underway.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/takaichi-s-india-visit-decoding-india-japan-joint-vision-for-next-decade-and-its-eight-pillars-1782856460066/amp">Takaichi's India visit: Decoding India-Japan Joint Vision for Next Decade and its eight pillars</a>&nbsp;While they are small, technical-sounding pilots, each one is a brick in a China-resistant digital architecture stretching from the Taiwan strait to South America. The pattern across minerals, chips and cables is identical. Reduce dependency on one country, build parallel infrastructure with trusted partners. India, for Japan, isn't just a partner anymore, it's insurance.&nbsp;<h2>Indo-Pacific strategy to Mediterranean strategic agenda</h2>At the recently concluded G7 meeting in France, the Indo-Pacific strategy expanded in a broader manner to the European and Mediterranean strategic agenda. Italian Prime Minister Giorgia Meloni's foreign policy now champions a Free and Open Indo-Pacific plan. That policy links the region's security with Italy's strategic "Global Mediterranean" vision.&nbsp;Rome is pursuing this objective through a series of key diplomatic, economic, and defense partnerships across Asia. So, Italy's Indo-Pacific pivot is now structural and not just symbolic.&nbsp;Meloni's special strategic partnerships with India and Japan - covering critical minerals, and the 20-billion-euro trade target - signal Rome hedging against China dependency. Takaichi's political alignment, and the Indo-Mediterranean framing show Italy positioning itself as Europe's bridge into Asian security architecture.For Japan, India's north east is the gateway for that strategy.

Japanese PM Sanae Takaichi's India visit highlights Japan's digital corridor initiative under the Free and Open Indo-Pacific strategy, boosting cooperation on undersea cables, satellite communications and digital infrastructure while strengthening India-Japan strategic ties.

Japanese Prime Minister Sanae Takaichi's India visit brings with it a clear plan and agenda on the Free and Open Indo-Pacific doctrine. The digital corridor plan under that strategy is the sharper story for the India-Japan annual summit this week. Japan's updated Free and Open Indo-Pacific strategy, unveiled by Takaichi in Hanoi in May, reframes the strategy away from pure maritime security towards economic resilience: ai, data flows, undersea cables and satellites. The country's communications ministry is set to launch eight communications infrastructure projects in Taiwan and India under a new digital corridor initiative. That is to strengthen cooperation on undersea cables, satellite communications, and digital infrastructure. Also Read: CEPA at 15: Why the India-Japan trade pact fell short—and what a refresh could change Japan's ministry of internal affairs is rolling these out across Taiwan, India, Singapore and Chile, backed by roughly 8 billion yen, or nearly $5 billion. In Taiwan, Japan is testing resilience of undersea cables repeatedly damaged near its coast, which reports suspect is being done by China. In India and Singapore, Japan is betting on tech to secure digital payment infrastructure. In Chile, remote-operation tests using Japan's technology at the world's largest copper mine are underway. Also Read: Takaichi's India visit: Decoding India-Japan Joint Vision for Next Decade and its eight pillars While they are small, technical-sounding pilots, each one is a brick in a China-resistant digital architecture stretching from the Taiwan strait to South America. The pattern across minerals, chips and cables is identical. Reduce dependency on one country, build parallel infrastructure with trusted partners. India, for Japan, isn't just a partner anymore, it's insurance. Indo-Pacific strategy to Mediterranean strategic agenda At the recently concluded G7 meeting in France, the Indo-Pacific strategy expanded in a broader manner to the European and Mediterranean strategic agenda. Italian Prime Minister Giorgia Meloni's foreign policy now champions a Free and Open Indo-Pacific plan. That policy links the region's security with Italy's strategic "Global Mediterranean" vision. Rome is pursuing this objective through a series of key diplomatic, economic, and defense partnerships across Asia. So, Italy's Indo-Pacific pivot is now structural and not just symbolic. Meloni's special strategic partnerships with India and Japan - covering critical minerals, and the 20-billion-euro trade target - signal Rome hedging against China dependency. Takaichi's political alignment, and the Indo-Mediterranean framing show Italy positioning itself as Europe's bridge into Asian security architecture. For Japan, India's north east is the gateway for that strategy.

Japanese PM Sanae Takaichi's India visit highlights Japan's digital corridor initiative under the Free and Open Indo-Pacific strategy, boosting cooperation on undersea cables, satellite communications and digital infrastructure while strengthening India-Japan strategic ties.

Japan's digital corridor: Free and open Indo-Pacific's backbone

Amid falling gold prices in India, people are hurrying to sell their old gold to cash out before its prices decline further from record levels seen earlier this year. Growing concerns that gold may have already peaked are prompting Indian households to liquidate their holdings rather than hold on to them. This comes at a time when India largely remains dependent on imported gold. During FY26, the country imported gold worth nearly USD 72.4 billion, while recycled gold contributed an estimated 125-150 tonnes in 2025. Industry projections suggest recycled gold volumes could rise to 200–250 tonnes in 2026 if the current pace continues. Data from the India Bullion &amp; Jewellers Association (IBJA) shows that around 50 tonnes of old gold were sold between April and June, marking a huge 43 per cent increase as compared to the same period last year. With gold prices retreating to about Rs 1.4 lakh per 10 grams and expectations of a further decline to Rs 1.2 lakh. As a result, many consumers began opting to monetise their gold and secure profits rather than exchange old jewellery for new pieces.<h3>Sharp rise in gold business</h3>The rising trend has also provided momentum to the organised gold recycling industry of India, as high prices are stimulating citizens across Indian households to bring idle gold into the market instead of leaving it unused. In response, Industry executives stated that consumers are increasingly seeing gold as a financial asset that can be converted into cash when prices are favourable. It ensures a continuous supply of recyclable gold for refiners and jewellers. Firms involved in buying old gold are also seeing a sharp rise in business. Muthoot Exim reported a 40 per cent increase in gold collections through its network of over 100 Gold Points spread across the country. Industry reports also indicated that the surge has provided a boost to the country's gold recycling industry as “idle” gold is being reintroduced into circulation, creating an additional domestic source of supply for refiners and jewellers.<h3>Why are gold prices recovering?</h3>Market experts said the recent recovery in gold prices has been driven by investors reassessing expectations around the US Federal Reserve's interest rate trajectory, alongside ongoing geopolitical uncertainties and fluctuations in crude oil prices. Internationally, Comex gold futures climbed to USD 4,044.80 per ounce. However, concerns persist after Iran reiterated its intention to maintain control over shipping through the Strait of Hormuz, a crucial route for global oil trade. India remains highly dependent on imported gold, bringing in approximately USD 72.4 billion worth during FY26. Recycled gold accounted for an estimated 125–150 tonnes in 2025 and, according to industry projections, could rise to 200–250 tonnes in 2026 if current resale trends continue. &nbsp;

Industry executives stated that consumers are increasingly seeing gold as a financial asset that can be converted into cash when prices are favourable. It ensures a continuous supply of recyclable gold for refiners and jewellers.

Amid falling gold prices in India, people are hurrying to sell their old gold to cash out before its prices decline further from record levels seen earlier this year. Growing concerns that gold may have already peaked are prompting Indian households to liquidate their holdings rather than hold on to them. This comes at a time when India largely remains dependent on imported gold. During FY26, the country imported gold worth nearly USD 72.4 billion, while recycled gold contributed an estimated 125-150 tonnes in 2025. Industry projections suggest recycled gold volumes could rise to 200–250 tonnes in 2026 if the current pace continues. Data from the India Bullion & Jewellers Association (IBJA) shows that around 50 tonnes of old gold were sold between April and June, marking a huge 43 per cent increase as compared to the same period last year. With gold prices retreating to about Rs 1.4 lakh per 10 grams and expectations of a further decline to Rs 1.2 lakh. As a result, many consumers began opting to monetise their gold and secure profits rather than exchange old jewellery for new pieces. Sharp rise in gold business The rising trend has also provided momentum to the organised gold recycling industry of India, as high prices are stimulating citizens across Indian households to bring idle gold into the market instead of leaving it unused. In response, Industry executives stated that consumers are increasingly seeing gold as a financial asset that can be converted into cash when prices are favourable. It ensures a continuous supply of recyclable gold for refiners and jewellers. Firms involved in buying old gold are also seeing a sharp rise in business. Muthoot Exim reported a 40 per cent increase in gold collections through its network of over 100 Gold Points spread across the country. Industry reports also indicated that the surge has provided a boost to the country's gold recycling industry as “idle” gold is being reintroduced into circulation, creating an additional domestic source of supply for refiners and jewellers. Why are gold prices recovering? Market experts said the recent recovery in gold prices has been driven by investors reassessing expectations around the US Federal Reserve's interest rate trajectory, alongside ongoing geopolitical uncertainties and fluctuations in crude oil prices. Internationally, Comex gold futures climbed to USD 4,044.80 per ounce. However, concerns persist after Iran reiterated its intention to maintain control over shipping through the Strait of Hormuz, a crucial route for global oil trade. India remains highly dependent on imported gold, bringing in approximately USD 72.4 billion worth during FY26. Recycled gold accounted for an estimated 125–150 tonnes in 2025 and, according to industry projections, could rise to 200–250 tonnes in 2026 if current resale trends continue.

Industry executives stated that consumers are increasingly seeing gold as a financial asset that can be converted into cash when prices are favourable. It ensures a continuous supply of recyclable gold for refiners and jewellers.

Why are Indians selling their gold? 50 tonnes offloaded in just three months: EXPLAINED

Japan's Prime Minister Sanae Takaichi, just before her visit to India on Wednesday, called the country an indispensable partner in advancing her updated Free and Open Indo-Pacific (FOIP) vision. That language matters, because "indispensable" is diplomatic code for "we need you, now."The real story is China. Beijing controls the lion's share of global rare earths, lithium, and cobalt processing, and has shown its willingness to weaponise that dominance. Japan has spent a decade trying to de-risk its supply chains. This is where India's Northeast becomes the gateway for Japan's move away from China.Also read | <a href="https://www.wionews.com/world/india-japan-ties-to-go-beyond-the-handshake-1782882666775">India-Japan ties to go beyond the handshake</a>India sits on 7.2 million tonnes of rare earth reserves, the world's third largest, and that's the pivot point for Takaichi.At the India-Japan annual summit this week, concrete deals on joint exploration and processing are expected, and not just intent.The plan also includes a supply pipeline for EV batteries and defence hardware. Semiconductors are the second pillar.Japan wants India as a manufacturing base, and not just a billion-plus consumer market. That's Japan's latest strategic shift - from selling to India, to building in India, for the world.<h2>New geo-economics at play</h2>Reports quoting diplomatic sources show that both sides are building an "Industrial Value Chain," connecting the Bay of Bengal and Northeast India.So that plan potentially turns a historically underdeveloped frontier into a critical minerals and manufacturing corridor.This is the new geo-economics.Also read | <a href="https://www.wionews.com/india-news/semiconductors-to-biogas-what-s-really-on-the-table-at-the-modi-takaichi-summit-wion-decodes-1782721446269">Semiconductors to biogas: What’s really on the table at the Modi-Takaichi summit? | WION Decodes</a><h2>The numbers back the intent</h2>About 1,400 Japanese companies operate in India, with nearly half of them in manufacturing. Bilateral trade hit $27.5 billion in FY 2025-26, with Japanese investment of $3.2 billion between April and December 2025 alone.Expect Takaichi's visit to produce a joint statement on economic security, and a separate declaration on AI cooperation, alongside memorandum of understanding agreements (MOUs) on batteries, pharma and critical minerals.The India-Japan summit is less about symbolism and more about supply chains now, and whether intent finally converts into contracts.

Beijing controls the lion's share of global rare earths, lithium, and cobalt processing, and has shown its willingness to weaponise that dominance. This is where India's Northeast becomes the gateway for Japan's move away from China.

Japan's Prime Minister Sanae Takaichi, just before her visit to India on Wednesday, called the country an indispensable partner in advancing her updated Free and Open Indo-Pacific (FOIP) vision. That language matters, because "indispensable" is diplomatic code for "we need you, now." The real story is China. Beijing controls the lion's share of global rare earths, lithium, and cobalt processing, and has shown its willingness to weaponise that dominance. Japan has spent a decade trying to de-risk its supply chains. This is where India's Northeast becomes the gateway for Japan's move away from China. Also read | India-Japan ties to go beyond the handshake India sits on 7.2 million tonnes of rare earth reserves, the world's third largest, and that's the pivot point for Takaichi. At the India-Japan annual summit this week, concrete deals on joint exploration and processing are expected, and not just intent. The plan also includes a supply pipeline for EV batteries and defence hardware. Semiconductors are the second pillar. Japan wants India as a manufacturing base, and not just a billion-plus consumer market. That's Japan's latest strategic shift - from selling to India, to building in India, for the world. New geo-economics at play Reports quoting diplomatic sources show that both sides are building an "Industrial Value Chain," connecting the Bay of Bengal and Northeast India. So that plan potentially turns a historically underdeveloped frontier into a critical minerals and manufacturing corridor. This is the new geo-economics. Also read | Semiconductors to biogas: What’s really on the table at the Modi-Takaichi summit? | WION Decodes The numbers back the intent About 1,400 Japanese companies operate in India, with nearly half of them in manufacturing. Bilateral trade hit $27.5 billion in FY 2025-26, with Japanese investment of $3.2 billion between April and December 2025 alone. Expect Takaichi's visit to produce a joint statement on economic security, and a separate declaration on AI cooperation, alongside memorandum of understanding agreements (MOUs) on batteries, pharma and critical minerals. The India-Japan summit is less about symbolism and more about supply chains now, and whether intent finally converts into contracts.

Beijing controls the lion's share of global rare earths, lithium, and cobalt processing, and has shown its willingness to weaponise that dominance. This is where India's Northeast becomes the gateway for Japan's move away from China.

Northeast India: Japan's new geo-economic corridor

India on Wednesday (Jul 1) slashed the prices of commercial LPG cylinders by ₹183, bringing prices down marginally to Rs 2,930 in the national capital New Delhi. The price reduction comes after months of relentless increases driven by the West Asia crisis. Since January, India has seen the prices of commercial LPG cylinders almost double from ₹1,691.50 in January to ₹3,113.50 in June. &nbsp;Also read | <a href="https://www.wionews.com/world/trump-accuses-big-oil-companies-of-gouging-american-customers-says-gasoline-prices-better-start-going-down-a-lot-faster-usa-ogas-price-today-1782274625910">Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster'</a><h2>Indian Oil announces price cut</h2>Indian Oil on Tuesday announced a small reduction in the price of 19-kg commercial LPG cylinders across the country, offering relief to restaurants, hotels, eateries and small businesses that have been grappling with record fuel costs since the beginning of the year.&nbsp;The price cut comes after tensions in West Asia eased, reducing fears of supply disruptions and helping energy markets stabilise.<h2>How much have prices been reduced?</h2>The new rates came into effect on July 1. In Delhi, the price of a 19-kg commercial LPG cylinder has now been reduced by Rs 183.50, bringing it down from Rs 3,113.50 to Rs 2,930. Similar reductions have been announced in other major cities.Commercial LPG cylinder new prices:<figure class="table"><table><tbody><tr><td>City</td><td>Commercial LPG (19 kg)</td></tr><tr><td>Delhi</td><td>₹2,930.00</td></tr><tr><td>Mumbai</td><td>₹2,885.50</td></tr><tr><td>Kolkata</td><td>₹3,072.00</td></tr><tr><td>Chennai</td><td>₹3,100.00</td></tr></tbody></table></figure>Domestic consumers, however, will not see any immediate benefit. The price of the standard 14.2-kg household LPG cylinder remains unchanged for July.Also read | <a href="https://www.wionews.com/world/us-calls-india-an-indispensable-tech-partner-says-only-india-can-rival-china-s-engineering-talent-pool-1782782979168">'Only country on earth': US says only India can rival China's engineering talent pool, calls New Delhi an 'indispensable' tech partner</a><h2>From nearly double the price to a 5% cut</h2>To understand the significance of the latest cut, we must look at what happened over the past six months. At the start of 2026, a commercial LPG cylinder in Delhi cost Rs 1,691.50. By June, that same cylinder was selling for Rs 3,113.50.In other words, prices had almost doubled in just five months. The biggest reason was the conflict in West Asia, which disrupted global energy markets and triggered concerns about fuel supplies moving through critical shipping routes, particularly the Strait of Hormuz.As oil and gas markets reacted, LPG prices climbed month after month. Notably, the increases did not happen all at once.January saw a hike of Rs 111 per cylinder. February added another Rs 49. The biggest shock came in May when the price increased by a whopping 993 all at once, taking the Delhi price above Rs 3,000 for the first time. Here's a month-by-month breakdown of the price increase.<figure class="table"><table><thead><tr><th>Effective Date</th><th>Hike Amount (per cylinder)</th><th>Revised Price (Delhi)</th></tr></thead><tbody><tr><td>1-Jan-26</td><td>+₹111.00</td><td>₹1,691.50</td></tr><tr><td>1-Feb-26</td><td>+₹49.00</td><td>₹1,740.50</td></tr><tr><td>1-Mar-26</td><td>+₹28.00</td><td>₹1,768.50</td></tr><tr><td>7-Mar-26</td><td>+₹114.50</td><td>₹1,883.00</td></tr><tr><td>1-Apr-26</td><td>+₹195.50</td><td>₹2,078.50</td></tr><tr><td>1-May-26</td><td>+₹993.00 (Record High)</td><td>₹3,071.50</td></tr><tr><td>1-Jun-26</td><td>+₹42.00</td><td>₹3,113.50</td></tr></tbody></table></figure>

India has cut the price of 19-kg commercial LPG cylinders by ₹183.50, marking the first major reduction after months of steep increases driven by the West Asia crisis. The move brings the Delhi price down to ₹2,930 from ₹3,113.50. But, how significant is the reduction compared to the hike?

India on Wednesday (Jul 1) slashed the prices of commercial LPG cylinders by ₹183, bringing prices down marginally to Rs 2,930 in the national capital New Delhi. The price reduction comes after months of relentless increases driven by the West Asia crisis. Since January, India has seen the prices of commercial LPG cylinders almost double from ₹1,691.50 in January to ₹3,113.50 in June. Also read | Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster' Indian Oil announces price cut Indian Oil on Tuesday announced a small reduction in the price of 19-kg commercial LPG cylinders across the country, offering relief to restaurants, hotels, eateries and small businesses that have been grappling with record fuel costs since the beginning of the year. The price cut comes after tensions in West Asia eased, reducing fears of supply disruptions and helping energy markets stabilise. How much have prices been reduced? The new rates came into effect on July 1. In Delhi, the price of a 19-kg commercial LPG cylinder has now been reduced by Rs 183.50, bringing it down from Rs 3,113.50 to Rs 2,930. Similar reductions have been announced in other major cities. Commercial LPG cylinder new prices: City Commercial LPG (19 kg) Delhi ₹2,930.00 Mumbai ₹2,885.50 Kolkata ₹3,072.00 Chennai ₹3,100.00 Domestic consumers, however, will not see any immediate benefit. The price of the standard 14.2-kg household LPG cylinder remains unchanged for July. Also read | 'Only country on earth': US says only India can rival China's engineering talent pool, calls New Delhi an 'indispensable' tech partner From nearly double the price to a 5% cut To understand the significance of the latest cut, we must look at what happened over the past six months. At the start of 2026, a commercial LPG cylinder in Delhi cost Rs 1,691.50. By June, that same cylinder was selling for Rs 3,113.50. In other words, prices had almost doubled in just five months. The biggest reason was the conflict in West Asia, which disrupted global energy markets and triggered concerns about fuel supplies moving through critical shipping routes, particularly the Strait of Hormuz. As oil and gas markets reacted, LPG prices climbed month after month. Notably, the increases did not happen all at once. January saw a hike of Rs 111 per cylinder. February added another Rs 49. The biggest shock came in May when the price increased by a whopping 993 all at once, taking the Delhi price above Rs 3,000 for the first time. Here's a month-by-month breakdown of the price increase. Effective Date Hike Amount (per cylinder) Revised Price (Delhi) 1-Jan-26 +₹111.00 ₹1,691.50 1-Feb-26 +₹49.00 ₹1,740.50 1-Mar-26 +₹28.00 ₹1,768.50 7-Mar-26 +₹114.50 ₹1,883.00 1-Apr-26 +₹195.50 ₹2,078.50 1-May-26 +₹993.00 (Record High) ₹3,071.50 1-Jun-26 +₹42.00 ₹3,113.50

India has cut the price of 19-kg commercial LPG cylinders by ₹183.50, marking the first major reduction after months of steep increases driven by the West Asia crisis. The move brings the Delhi price down to ₹2,930 from ₹3,113.50. But, how significant is the reduction compared to the hike?

Small relief for Indians: Commercial LPG rate slashed by ₹183, but prices remain over 70% above January levels