India

News and Trends

India Poised to Become World's Third-Largest Economy, Says Minister Piyush Goyal

To foster advancements in emerging technologies, the government has launched a INR one trillion fund aimed at deep tech and sunrise sectors.

News and Trends

India's Quick Commerce Startups Poised to Go Global, Says Finance Minister Sitharaman

Sitharaman additionally proposed that Prasar Bharati enhance its streaming capabilities to create an international-standard OTT platform.

Technology

How Cloud Technology will Transform the Banking Industry

The Indian cloud services market, valued at USD 8.3 billion in 2023 and projected to grow to USD 24.2 billion by 2028, is currently dominated by international providers. With this initiative, the RBI seeks to boost domestic players and enhance India's digital sovereignty.

News and Trends

GCCs to Propel the Nation in R&D And Innovations: Kharge

In light of the fresh GCC policy unveiled by Karnataka's Chief Minister Siddaramaih, Kharge said that the state intends to attract as many as 500 new GCCs in the next 4-5 years with USD 50 billion dollars in investment.

News and Trends

Spirit of Entrepreneurs: The Past and The Prospect

Entrepreneurship is a force that drives economic growth, spurs innovation, and inspires social transformation.

News and Trends

Nokia and Vodafone Idea Drive 4G Expansion to Elevate Connectivity and Data Capacity Across India

Nokia has undertaken substantial upgrades across over 42,000 technology sites and expanded spectrum on more than 25,000 sites.

News and Trends

India's Foreign Direct Investment Landscape in Trump 2.0 Era

During Trump's first term, India lost its Generalized System of Preferences (GSP) status, which had previously enabled tariff-free exports of certain goods to the U.S. Without GSP, sectors like pharmaceuticals, textiles, and engineering—key components of India's export portfolio—could face challenges if new tariffs or restrictions are imposed.

News and Trends

MSMEs and Traditional Business Methods Vital to the Indian Economy: Experts

India's Micro, Small, and Medium Enterprises (MSMEs) have been fundamental to the country's economy, embodying traditional business practices that contrast sharply with the current startup model focused on fundraising and valuations, experts said at Proficorn 2024, an event focused on celebrating the contributions of MSMEs in India.

News and Trends

Finance Ministry's New Policies to Boost MSME Funding Access by Up to INR 100 Crore

The Reserve Bank of India (RBI) recently reported a 13.3 per cent year-on-year increase in lending to micro and small enterprises, with medium-sized enterprises witnessing a 17.2 per cent growth.

News and Trends

India's Economic Vision: From $3.5 Trillion to $35 Trillion by 2047, Says Commerce Minister Piyush Goyal

Former Minister Suresh Prabhu added that under Modi's leadership, India is now recognized as a low-risk environment for international investment, enhancing its appeal in global markets

News and Trends

India's Festive Season Sale Wraps Up with 14% Volume Growth, Driven by Emerging Categories and Tier III Towns

A noteworthy trend this year was the performance of Tier III towns, which surpassed Tier II cities with a market share of 36.4 per cent in order volumes, compared to 23.5 per cent for the latter.

News and Trends

October Insights: India's Service Sector Grows 13% in Employment and 58% in Output

The HSBC India Services Business Activity Index rose from 57.7 in September to 58.5 in October, signaling a sharp acceleration in growth well above the long-term average of 54.1

News and Trends

How India's MSMEs are Driving Towards a Sustainable Future

The Green Climate Fund (GCF) recently approved $215.6 million to bolster climate action within India's MSME sector.

News and Trends

What Trump's Win Means for India

As Donald Trump is elected as the 47th President of the United States, India-Us trade ties, H-1B visas and military alliances are key areas to look into

News and Trends

Indian Cigarette Manufacturers Set for 9-10% Revenue Growth: CRISIL Report

India is the second-largest tobacco producer, with leaf tobacco exports expected to rise from an average of 2.4 lakh tonnes over the past three years to 2.8-2.9 lakh tonnes this fiscal.