India's economic slowdown is primarily self-inflicted, according to Neelkanth Mishra, who believes domestic factors like managing financial conditions and the real estate cycle are more impactful than external influences like the US-China trade war. He suggests that reducing import tariffs could be beneficial in the medium term, despite short-term disruptions, and emphasizes that India holds the key to its own economic recovery.
Elon Musk's accusations against the Biden administration regarding the delayed return of NASA astronauts from the ISS have sparked controversy, with astronaut Wilmore confirming Musk's statement but lacking specific details. This incident has brought to light the intricate relationship between politics and space exploration, raising concerns about the potential prioritization of political agendas over astronaut safety.
Jindal Group MD Sajjan Jindal expressed doubts over Elon Musk's ability to succeed in the Indian market due to the strong presence of established Indian automakers. Despite this, Tesla has secured office space in Mumbai and listed job openings, indicating their intent to enter the Indian market with the Model Y expected to be their first offering.
SpiceJet is facing renewed financial trouble as three aircraft lessors and a former pilot have filed insolvency petitions against the airline in the NCLT, citing unpaid dues totaling over $12.68 million. The airline is already battling multiple cases from creditors and its financial troubles remain far from over.
India's retail inflation eased to a seven-month low in February 2025, while factory output rebounded to grow by 5% in January, indicating positive signs for the economy and providing space for further rate cuts by the central bank. The decline in inflation is largely attributed to lower food prices, while the rebound in factory output is driven by a pick-up in manufacturing growth.