On August 26, 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Unified Lending Interface (ULI), a new technology platform currently in its pilot stage, is set to revolutionise credit delivery to farmers and MSME borrowers by enabling frictionless access to banking services. Speaking at a global conference on digital public infrastructure …
India’s banking sector is experiencing strong profitability and improved asset quality, but slow deposit growth has become a significant issue in recent times. With bank credit growth outstripping deposit growth, banks will need to explore innovative strategies to attract more deposits. Current State of Bank Deposits Bank credit is growing at over 14%, surpassing deposit …
The recently proposed e-commerce policy covers six major facets of the e-commerce ecosystem: data, markets, export promotion through e-commerce, regulatory matters, and the development of infrastructure. All parties interested in the policy are considered, including investors, manufacturers, MSMEs, traders, retailers, startups, and consumers. Under the FDI Policy on E-Commerce, 100% FDI in B2B e-commerce activities …
In Q1 FY25, the Nifty 50 saw a 4% year-on-year growth, exceeding most expectations on Dalal Street. The NSE benchmark recorded a 5% EBITDA growth, marking the first time it reported single-digit growth in 4 years. The last instance of such single-digit EBITDA growth was in September 2020. Growth in Q1 FY25 was mainly driven …
The Indian telecom sector experienced significant growth during the financial year 2023-2024, as detailed in the annual report released by the Telecom Regulatory Authority of India (TRAI). The report, based on data provided by service providers, reveals notable trends and key metrics across various services. Key Highlights Overall Tele-density: Tele-density rose from 84.51% at the …
Since India gained independence in 1947, the BFSI (Banking, Financial Services, and Insurance) sector has undergone a significant transformation, evolving from a budding industry into a robust and dynamic component of the Indian economy. This growth has been driven by a series of reforms, policy changes, and technological advancements. Early Beginnings (1947-1969) In the immediate …
India’s pharmaceutical industry has established itself as a global leader, celebrated for its cost-effective medications and cutting-edge treatments. Known as the “Pharmacy of the World,” India has earned this title by providing affordable, high-quality medicines, including lifesaving HIV treatments and vaccines. With a robust history of over 5,000 years, the industry has transformed from traditional …
The Indian infrastructure sector has undergone a remarkable transformation since India gained independence in 1947. Initially marked by limited resources and outdated infrastructure, the sector has become a critical component of the country’s economic development. This article outlines significant milestones and developments in the Indian infrastructure sector over the decades. Early Post-Independence Developments (1947-1960s) In …
Indian agriculture, which began around 11,000 years ago with animal domestication and plant cultivation, has evolved significantly. Despite challenges like unpredictable weather, poor soil health, rising temperatures, and new pests, Indian agriculture has made remarkable progress thanks to advancements in science. Agriculture After Independence From 1950-51 to 2022, food grain production grew from 51 million …
As we celebrate Independence Day 2024, reflecting on how far the IT sector has transformed from a cost-effective service provider to a centre of innovation, delivering cutting-edge technology solutions worldwide is remarkable. The IT sector plays an important role in driving India’s economic and social progress. The Indian IT industry is a lively and innovative …
