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News Nation Budget Conclave: grids of reforms for new India’s $5-trillion economy
MUMBAI: News Nation hosted a mega event decoding how the Modi Sarkar will achieve the Herculean task of $5-trillion economic growth.
Spread over four sessions, eminent speakers such as Union Minister Nitin Gadkari, Niti Aayog Vice-Chairman Rajiv Kumar and veteran journalist Gautam Chikarmane dissected the finer points of the most important event in India’s fiscal calendar.
Day after Union Finance Minister Nirmala Sitharaman presented her maiden Union Budget for the second term of the Narendra Modi government, News Nation on Saturday hosted a mega event decoding how the Modi Sarkar will achieve the Herculean task of $5-trillion economic growth. Spread over four sessions, eminent speakers such as Union Minister Nitin Gadkari, Niti Aayog Vice-Chairman Rajiv Kumar and veteran journalist Gautam Chikarmane dissected the finer points of the most important event in India’s fiscal calendar.
In the first session, talking to News Nation’s Deepak Chaurasia, Union Minister Nitin Gadkari said that, “There will be ‘magical’ growth in India in next five years.” Highlighting the national water and road grid framework, Gadkari said that, "The allocation for the Ministry of Road Transport and Highways has been increased to Rs 83,016 crore in the budget as against Rs 71,000 crore in 2018-19 which was revised to Rs 78,625.50 crore".
On promoting electric vehicles, Gadkari said the main objective of phase-II of FAME scheme approved by the Cabinet is to have cost effective vehicle system and curb pollution. “We need to develop a cost effective, pollution free and indigenous transport system,” he said. GST for electric vehicles has been reduced to 5 per cent whether they are three wheelers, four wheelers or two wheelers. This can help us making leader in electric vehicle manufacturing unit.
In second session, MoSfinance Anurag Thakur said that the focus of Modi government is to renew the fight against corruption. He also lauded the Centre’s special initiatives that have lessened the corruption in corporate sector. "Jo brasht hai, usse kasht hoga, " Thakur said. "Government proposed a 100 percent foreign direct investment (FDI) in the insurance intermediaries in the Union Budget 2019. Less than 3.5 crore people used to pay tax earlier. It is only because PM Modi's efforts that the taxpayers have doubled," Thakur added.
The third session of experts discussed about the new ways how India can achieve holistic growth. The experts included MK Venu, Sachin Chaturvedi and NC Saxena.
Chaturvedi said that infrastructure is expanding in the country, this shows governments commitment towards development. BJP's spokesperson Zafar Islam said that the government delivered in the last five years, we will continue the development work. Attacking the Modi government, Saxena said that, “Rate of growth of bottom 50 per cent need to be looked into. There’s a need to increase number of doctors and nurses in rural areas. Agrarian distress needs our immediate attention. Total number of jobs have gone down. Section of society jobless. Women empowerment overlooked this budget,” Saxena added.
In last session, Niti Aayog’s Rajiv Kumar gave an optimistic tune to the exercise, saying there are many sectors in which we can easily achieve double digit growth. The economist said the government's focus is on 8.4 per cent growth and to maintain it further just like China maintained it for nearly 30 years between 1978 and 2005. During the time, China maintained a stable economic growth of 9.6.
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Induction cooktop demand spikes 30× amid LPG supply concerns
Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives
MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.
What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.
A sudden surge in demand
Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.
“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.
The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.
Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.
What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.
A crisis thousands of miles away
The trigger for this shift lies far beyond India’s kitchens.
Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.
The ripple effects have been swift.
India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.
Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.
To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.
Restaurants feel the pressure
The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.
In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.
Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.
For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.
A potential structural shift
The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.
Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.
For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.
Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.
If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.
