India Business and Lifestyle News Digest_10th Feb 2025

India Cuts Repo Rate for the First Time in 5 Years
The Reserve Bank of India (RBI) has cut the repo rate from 6.5% to 6.25%, marking its first reduction in 5 years. This is the first rate cut since the pandemic and aims to tackle the slowdown in economic growth. The move is expected to boost consumer spending, ease borrowing costs, and have a positive impact on foreign investments and the real estate market.
Workers Strike at Samsung’s Chennai Factory
Workers at Samsung’s Chennai factory are on strike, demanding the reinstatement of a dismissed colleague and improvements in working conditions. The strike highlights broader labor tensions in the manufacturing sector, with the possibility of spreading to other plants in Tamil Nadu. Addressing labor issues is becoming a critical factor for business operations.
India to Auction 5G Spectrum for Expansion
India has officially announced the auction of 37GHz millimeter-wave frequencies, covering a total of 3,000MHz bandwidth. This auction, set for a 20-year period, will play a vital role in expanding the 5G network. The 5G rollout is expected to significantly enhance the country’s IT, manufacturing, and overall digital infrastructure.

Korean Cultural Centre Showcases Art at India Art Fair
The Korean Cultural Centre participated in the India Art Fair, showcasing contemporary artworks blending tradition and modernity. The exhibition is expected to deepen cultural ties between Korea and India and foster further opportunities in business and diplomatic collaborations.
Lotte Expands Production in India
Lotte has inaugurated a new ice cream plant in Pune, producing popular items like World Cone and Pepero locally. The company plans to target India’s young population and growing middle class with its localization strategy, aiming for 15% growth in sales and long-term expansion.
PM Modi’s Visit to the US for Trade and Defense Talks
Indian Prime Minister Narendra Modi will visit the US from February 10th to 13th to discuss key issues with President Trump, focusing on resolving trade deficits and enhancing defense cooperation. The visit is expected to drive positive changes in India’s economy and national security.