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 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 …
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 …
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 …
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 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 …
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 …
India, the world’s third-largest oil importer, is poised to embark on discussions to become a full member of the International Energy Agency (IEA), signalling a significant development in global energy governance. This move, announced after a ministerial meeting in Paris, underscores India’s growing strategic importance and its commitment to addressing energy and climate challenges on …
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 …
India’s Construction Industry Outlook India’s construction industry is on track to become one of the world’s top three by 2025, according to Minister of Housing & Urban Affairs, Hardeep Singh Puri. Addressing the inauguration of the National Workshop on Recent Development with Recycling and Use of Construction and Demolition (C&D) waste in the construction sector, …
