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India Eyes Global Role in Growing Semiconductor, Electronics Sector: MoS Chandrasekhar

India Eyes Global Role in Growing Semiconductor, Electronics Sector: MoS Chandrasekhar

Wed, Jan 24, 2024

Minister Rajeev Chandrasekhar emphasised the Indian government's commitment to nurturing a high-skilled tech workforce. This talent, he said, will not only drive India's own growth but also contribute significantly to the global tech landscape, particularly in the field of semiconductors and electronics. He highlighted the ongoing investments and infrastructure development aimed at building a competitive Indian semiconductor ecosystem.

India could be $5 trillion economy by 2025, says Union Petroleum Minister Hardeep Puri

India could be $5 trillion economy by 2025, says Union Petroleum Minister Hardeep Puri

Tue, Jan 23, 2024

The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on January 5.

Nifty Hits Record High: Analyzing the Journey from 21000 to 22000 in 2024!

Nifty Hits Record High: Analyzing the Journey from 21000 to 22000 in 2024!

Mon, Jan 15, 2024

Nifty has crossed 22000 for the first time, How was the journey from 21000 to 22000? What are the targets of brokerages on NIFTY for 2024?

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India likely to clock 7.5% growth in FY19: Deutsche Bank

India likely to clock 7.5% growth in FY19: Deutsche Bank

Sun, Apr 29, 2018

The Reserve Bank expects India's economic growth rate to strengthen to 7.4 per cent in the current fiscal, from 6.6 per cent in 2017-18, on account of revival in investment activity.

Indian Economy is moving in right direction: Rakesh Bharti Mittal

Indian Economy is moving in right direction: Rakesh Bharti Mittal

Thu, Apr 26, 2018

Look towards India's economic growth projection, which was 6.6 percent in March 2018. IMF's projection says that India will see a growth of 7.4 percent in the running fiscal 2018-19. CII's projection is that India's economy will see a growth of 7.3-7.7 percent for FY 2018-19. IMF's projects that India will grow at +8 percent in 2020. These projections in itself say that India's economic growth is moving in the right direction", said Rakesh Bharti Mittal, President, CII.

India to become $5 trillion economy by 2025, says Garg; these reforms will support

India to become $5 trillion economy by 2025, says Garg; these reforms will support

Sun, Apr 22, 2018

Garg says, “In the last few years, India has undertaken massive structural reforms towards formalization of the economy and fostering digital financial inclusion.”

India's economic growth rate highest among BRICS nations: Report

India's economic growth rate highest among BRICS nations: Report

Thu, Apr 19, 2018

The report -- launched by Law and Justice and Electronics and IT Minister Ravi Shankar Prasad at the 12th edition of Mindmine Summit 2018 -- provided insights into the rapidly changing business outlook for India and analysed the progress achieved under several national priority programmes.

India claims top spot for 2018 growth, but here is a reason that may hurt it

India claims top spot for 2018 growth, but here is a reason that may hurt it

Thu, Apr 19, 2018

Economic growth in India: Twenty of 29 economists who answered an extra question said India`s economy will be hurt by the ongoing trade dispute. "India runs the risk of being caught in the middle of the trade spat between the U.S. and China," said Hugo Erken, senior economist at Rabobank. Erken said growth will take a hit if India takes sides as the side not chosen may retaliate by imposing duties.

This is how Narendra Modi govt plans to make India into a $5 tn economy; Master Plan ready

This is how Narendra Modi govt plans to make India into a $5 tn economy; Master Plan ready

Wed, Apr 18, 2018

Advocating involvement of the districts more actively in the growth of the Indian economy, Suresh Prabhu emphasised the need to accelerate growth in the districts to ensure growth at the national level, said the Ministry of Commerce & Industry statement. He added that a District Plan will be created to ensure this goal is met.

Goodbye FY18! Here is where the Indian economy stands

Goodbye FY18! Here is where the Indian economy stands

Thu, Mar 29, 2018

CARE says, "The Indian economy has displayed varying signs this year and the general direction is towards a possible recovery in 2018-19."

Economic growth needs to reflect on HDI: NITI Aayog CEO Kant

Economic growth needs to reflect on HDI: NITI Aayog CEO Kant

Mon, Mar 26, 2018

Amitabh Kant asked the industry associations to look into ways to contribute to the development of districts. Transformation of 115 backward districts to middle status will add in demand generation, he said, adding education, health, and nutrition need to remain in focus, especially at district level.

Digital payment: Know here all about popular platforms

Digital payment: Know here all about popular platforms

Sun, Mar 25, 2018

Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.

Why Raghuram Rajan did not join Twitter revealed; find out

Why Raghuram Rajan did not join Twitter revealed; find out

Fri, Mar 23, 2018

Renowned economist Raghuram Rajan today said he has not joined microblogging site Twitter as he was not quick to respond to tweets in a few words in 30 seconds. "I don't have time. My sense is that in many of these things, once you start engaging, you have to be consistent..

Raghuram Rajan: India does not have jobs to lose

Raghuram Rajan: India does not have jobs to lose

Fri, Mar 23, 2018

Raghuram Rajan said that driverless cars will become a reality in future, but people need to be reassured about their viability. Machines will reduce dependence on doctors, he said, but added that humans are still cheaper to programme than a robot.

What is in store for Indian economy? Take a sneak peek here

What is in store for Indian economy? Take a sneak peek here

Thu, Mar 22, 2018

With this, the agency expects the current account deficit to rise to USD 46-48 billion, or 1.8 per cent of GDP, in financial year 2017-18, from USD 15.2 billion, or 0.7 per cent of GDP in financial year 2016-17. According to Icra, the merchandise exports and imports are likely to expand by 8-10 per cent in FY19 to USD 335-340 billion and USD 505-510 billion, respectively, resulting in a widening of the merchandise trade deficit to USD 170-175 billion, unless commodity prices recede significantly.

On Indian economy, UBS flags external vulnerability, says indicators 'stretched'

On Indian economy, UBS flags external vulnerability, says indicators 'stretched'

Tue, Mar 20, 2018

According to UBS, India's CAD doubled from 0.7 per cent of GDP in 2016-17 to 1.4 per cent in 2017-18 and the widening of CAD is likely to continue in the next financial year as well "albeit at a slower pace". UBS expects CAD at 1.8 per cent in 2018-19.

What is the key to make India $5-tn economy; find out here

What is the key to make India $5-tn economy; find out here

Sat, Mar 17, 2018

Commerce Ministry said that of the USD 5 trillion figure, services sector could contribute about USD 3 trillion, while industries and agricultural sectors could account for USD 1 trillion each. This was discussed during the first meeting of the Working Group on making India a USD 5 trillion economy yesterday

RBI says current account deficit (CAD) in India widens to $13.5 bn in Q3

RBI says current account deficit (CAD) in India widens to $13.5 bn in Q3

Fri, Mar 16, 2018

Current account deficit: According to the RBI, net services receipts increased by 17.8 per cent on a y-o-y basis mainly on the back of a rise in net earnings from software services and travel receipts. "Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to $17.6 billion, increasing by 16 per cent from their level a year ago," the RBI said.

Exports from India jumped 4.5 pct, imports by 10.4 pct; trade deficit estimated at $12 bn: Rita Teaotia

Exports from India jumped 4.5 pct, imports by 10.4 pct; trade deficit estimated at $12 bn: Rita Teaotia

Thu, Mar 15, 2018

Continuing the positive growth path, India's exports grew by 4.5 per cent in February to USD 25.8 billion, Commerce Secretary Rita Teaotia said today. Imports too rose by 10.4 per cent to USD 37.8 billion during the last month, leaving a trade deficit of USD 12 billion.

Black money alert! Corruption risks may rise this year, says report

Black money alert! Corruption risks may rise this year, says report

Thu, Mar 15, 2018

Compliance professionals across the globe expect bribery and corruption risks to worsen or remain the same this year, says a joint study conducted by Kroll and the Ethisphere Institute. According to the 8th annual Anti-Bribery and Corruption Benchmarking Report (ABC Report), despite the increased

Boost for PM Narendra Modi, Fitch forecasts jump in Indian economic growth rate to 7.5 pct, but there's a catch

Boost for PM Narendra Modi, Fitch forecasts jump in Indian economic growth rate to 7.5 pct, but there's a catch

Thu, Mar 15, 2018

India GDP growth rate: Fitch said the Budget for 2018-19 fiscal, beginning April, envisages a slower pace of fiscal consolidation and, therefore, should support the near-term growth outlook. It contains measures that will benefit low-income earners (such as a minimum price support and free health insurance) and support rural demand.

CPI, IIP data today: Will there be any surprises? Find out here

CPI, IIP data today: Will there be any surprises? Find out here

Mon, Mar 12, 2018

CPI for January 2018 month came in at 5.07%, while factory output or IIP stood at 7.1% in December 2017, as per CSO.

Economic growth in India at 8-9% over 20 yrs can solve social issues: Rangarajan

Economic growth in India at 8-9% over 20 yrs can solve social issues: Rangarajan

Tue, Mar 06, 2018

Economic growth: According to Rangarajan, in the industrialised world growth happened first, followed by provision of social safety nets. "But, that is not possible in the 21st century. It is not possible to say let's grow and then we will take care of the other things. We need to combine growth with the need to take care of the vulnerable and the disadvantaged," he said.

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