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Economy - Angel One

The Rise of the Metals: What’s Driving the Nifty Metal Index?

5 March 2024

The purpose of the Nifty Metal Index is to replicate the performance of the sector in India, including mining. So far, in the month of March, the Nifty Metal index has witnessed a notable rise of 5%. On March 01, 2024, the index closed with a gain of ~3.62% at 8,208.50. The metal index continued …

Women’s Day Special: The Rise Of Female Investors – A Trend To Watch Out For

4 March 2024

Women’s participation in the investment world is on the rise, reflecting a significant shift in traditional gender roles. As more women step into the realm of finance, they are not only breaking barriers but also building wealth and financial independence. Beyond these headlines, women are making meaningful contributions to households, societies, and corporate landscapes every …

India’s GDP growth surges to 8.4%

1 March 2024

India’s economic growth in the final quarter of last year exceeded expectations, with GDP rising by an impressive 8.4%. This growth was driven by strong private-sector investment and increased spending in the services sector. However, the Gross Value Added (GVA) figures, which exclude taxes and subsidies, showed a slowdown to 6.5% from a previous 7.7%, …

India advocates for fair trade at WTO meeting

29 February 2024

India has asserted its position at the ongoing WTO meeting in Abu Dhabi, refuting claims of obstructing progress and highlighting its commitment to equitable trade practices. Trade Minister Piyush Goyal reiterated India’s adherence to international obligations while advocating for a level playing field in a global economy historically biased against developing nations. India’s Open Engagement …

India’s EV revolution is disrupting the oil market

29 February 2024

In India’s bustling urban centres, a significant transformation is underway in the transportation sector. The adoption of electric vehicles, particularly three-wheel auto-rickshaws, is rapidly gaining momentum. This shift is driven by lower fueling costs and technological advancements, challenging the dominance of traditional petroleum-powered vehicles. The Rise of Electric Auto-Rickshaws A decade ago, India’s auto-rickshaws primarily …

India’s Growing Influence in Electronics Exports

29 February 2024

In a significant trend observed in recent years, India has been gradually asserting itself as a formidable competitor in the global electronics export market, posing a challenge to China’s long-standing dominance. This shift comes as manufacturers strategically diversify their supply chains away from China, opting for alternative production hubs across Asia. A recent study sheds …

India’s semiconductor ambitions gain momentum with Rs 1.75 lakh investment proposals

28 February 2024

After years of observing the global semiconductor race from the sidelines, India is now poised to evaluate and allocate support for semiconductor proposals amounting to USD 21 billion or Rs 1.75 lakh crore. Tower Semiconductor Ltd. from Israel has proposed Rs 75,000 crore, while Tata Group, a prominent Indian conglomerate, has submitted an Rs 66,500 …

India needs lower taxes to compete in the global electronics market!

28 February 2024

India has aspirations to become a major player in the computer and electronics manufacturing industry. However, their current approach, focused heavily on the domestic market through high import taxes, is hindering their progress. This article argues that India needs to shift its focus to become regionally competitive and export-driven, with Vietnam, not China, being their …

PM Modi Will Inaugurate India’s Hydrogen Fuel Vessel Projects Worth Rs. 17,000 Cr.

28 February 2024

Prime Minister Modi to Lead Historic Event In a resounding declaration of Tamil Nadu’s maritime ambitions, Prime Minister Narendra Modi is poised to unveil a constellation of transformative projects, collectively valued at over Rs. 17,000 Crore, at Tuticorin’s VO Chidambaranar Port on February 28. This landmark occasion, orchestrated in collaboration with key ministries, signifies a …

Japan to Invest JPY 232.209 Billion in 9 Key Projects Across India’s Vital Sectors

20 February 2024

Japan and India have once again reinforced their long standing bilateral ties with Japan committing a substantial Official Development Assistance (ODA) loan of Japanese Yen (JPY) 232.209 billion for nine crucial projects across various sectors in India. The exchange of Notes, a significant diplomatic gesture, took place today between Mr. Vikas Sheel, Additional Secretary, Department …

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