India to grow at 6.3% in FY24, likely to slowdown to 6.1% in FY25: OECD
Nov 30, 2023, at 05:26 am
New Delhi: The Organization for Economic Cooperation and Development (OECD) Wednesday maintained its forecast for India's growth at 6.3 percent for the fiscal year 2024.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
India to Chair the International Sugar Organisation (ISO) in 2024
Nov 25, 2023, at 05:35 am
New Delhi: India will be the Chair of the International Sugar Organisation (ISO) for the year 2024, the London-headquartered organization announced during its 63rd council meeting.
India, European Commission sign MoU on semiconductors
Nov 25, 2023, at 04:32 am
New Delhi: India and the European Commission on Friday achieved a significant milestone in their technological partnership by signing a Memorandum of Understanding (MoU) on semiconductors.
Vast opportunity in India's eldercare sector, say Investors
Nov 18, 2023, at 06:13 pm
New Delhi/UNI: Top industry officials on Friday termed the eldercare sector, which is undergoing a profound transformation, as a big emerging market with India ready to play a pivotal role by providing a vast space of opportunities to investors.
Nov 17, 2023, at 03:18 am
San Francisco: Union Minister Piyush Goyal interacted with Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin on the third day of his US visit.
Nov 16, 2023, at 12:49 am
India is planning to invite bids for an 80 billion-rupee($960 million) incentive programme to manufacture electric vehicle batteries in the nation, media reports said.
India's wholesale inflation remains in negative zone in October
Nov 14, 2023, at 09:39 pm
Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.
Tesla likely to import cars from Germany in intial phase to enter Indian market: Report
Nov 09, 2023, at 04:29 am
New Delhi: Tesla will launch its entry into the Indian market with direct imports from its German Gigafactory, contrary to earlier reports that the Elon Musk-led company would manufacture cars in India, media reported.
After a pause of 4 yrs, India, Sri Lanka resume ETCA negotiations
Nov 02, 2023, at 04:56 am
Colombo: India and Sri Lanka held the 12th round of negotiations on the Economic and Technology Cooperation Agreement (ETCA) in Colombo from October 30 to November 1.
India's core sector marks 8.1 pc YoY growth in September
Nov 01, 2023, at 12:24 am
India's core sector comprising of eight key infrastructure components grew 8.1% year-on-year (YoY) in September 2023, according to data released by Commerce and Industry Ministry on Tuesday.
Oct 27, 2023, at 06:11 am
Mumbai: Dubai Chambers on Thursday announced the launch of the Dubai Business Forum.
India set to become third-largest economy by 2030 with GDP of over $7 trillion: S&P Global
Oct 26, 2023, at 07:06 am
New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.
Oct 26, 2023, at 03:25 am
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
Oct 26, 2023, at 02:18 am
New Delhi: The Union Cabinet, headed by Prime Minister Narendra Modi, was briefed about a Memorandum of Cooperation (MoC) inked in July 2023 between India's Ministry of Electronics and Information Technology (MeitY) and Japan's Ministry of Economy, Trade and Industry (METI) regarding a partnership in the semiconductor supply chain between the two nations.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
Oct 13, 2023, at 04:07 am
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
India's industrial production zooms 10.3 pc in August
Oct 13, 2023, at 03:46 am
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
India must aim for 8% growth rate to surpass China: Barclays
Oct 11, 2023, at 05:45 am
New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.
World's top cocoa producer Ivory Coast targets Indian market to reduce dependence on Europe: Report
Oct 07, 2023, at 06:35 am
New Delhi: World's top cocoa producer Ivory Coast is strategizing to reduce its reliance on Europe and bolster its cocoa industry. India, though not a major cocoa producer, is a key player in this plan, primarily importing beans to meet domestic demand, Moneycontrol reported.
India's services PMI rises to 61 in September, signals strong momentum
Oct 05, 2023, at 06:29 pm
New Delhi/UNI: India's services sector activities continued to be strong in the month of September 2023 driven primarily by robust domestic demand and an upturn in demand from overseas clients.
World Bank pegs India's FY24 GDP growth at 6.3%
Oct 03, 2023, at 07:30 pm
New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.
India retains the 40th Position in Global Innovation Index 2023
Oct 01, 2023, at 12:57 am
New Delhi: India retained the 40th position out of 132 economies in the Global Innovation Index (GII) 2023, reflecting a remarkable journey from its 81st rank in 2015 to this notable achievement.
India to grow at avg rate of 6.5% between 2023-30
Sep 30, 2023, at 02:43 am
Kolkata: Chief Economic Advisor V Anantha Nageswaran stated on Friday that the Indian economy is set to achieve an average annual growth rate of 6.5 percent from 2023 to 2030.
India's core sector output moves up to touch 12.1 pc in August
Sep 29, 2023, at 11:37 pm
India's core sector comprising of eight key infrastructure components grew 12.1% year-on-year in August 2023, according to data released by Commerce and Industry Ministry on Friday.
Sep 13, 2023, at 08:18 am
New Delhi: India has withdrawn additional duties on eight US-origin products, including apples, walnuts and almonds, the Ministry of Commerce and Industry said on Tuesday.
Indian firms could soon list in London, UK Chancellor Jeremy Hunt announces in Delhi
Sep 12, 2023, at 06:36 am
Indian firms could soon list in London, it has been announced as part of a package of plans unveiled Monday by UK Chancellor Jeremy Hunt alongside Indian Finance Minister Nirmala Sitharaman, as they met in Delhi for face-to-face talks.
India-ASEAN to start FTA review in November
Sep 08, 2023, at 04:45 am
New Delhi: India and the ASEAN bloc are expected to start the review of the free trade agreement in November, media reports said.
India's services PMI eases to 60.1 in August from 62.3 in July
Sep 05, 2023, at 05:28 pm
New Delhi/UNI: India's services activities continued their growth momentum in August 2023 on the back of record new export business, but the pace moderated marginally compared to the previous month.
India: A potential hub for Green Hydrogen
Sep 03, 2023, at 11:47 am
The dynamic reforms and the ease of doing business will create economies of large scale and bring down the Green Hydrogen production costs among the lowest in the world.
India's Q1FY24 GDP grows 7.8%, highest in last four qtrs
Sep 01, 2023, at 01:42 am
New Delhi: India’s GDP grew at the rate of 7.8% in the first quarter of the Financial Year 2023-24, according to the data released by the National Statistical Office (NSO) on Thursday.