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 Initially marked by limited resources and outdated infrastructure, the sector has become a critical component of the country’s economic development.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 …
India’s wholesale price inflation, as measured by the WPI, registered a provisional rate of 2.04% in July 2024 compared to the same month last year. This positive inflation was primarily attributed to price increases in essential commodities such as food articles, food products, and mineral oils. A closer look at the data reveals that the …
Arisinfra Solutions Limited, a business-to-business (B2B) technology-enabled company operating in a growing construction materials market, has filed the draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO) to raise 600 crore via fresh issue. Arisinfra Solutions Limited has appointed JM Financial …
The Indian textile industry is an important segment of Indian industry and reflects the country’s diverse socio-economic and cultural heritage. The industry has a rich history that is more than 5,000 years old. The industry has undergone significant developments, starting from its modest beginnings as handlooms in villages to large-scale modern-day textile mills. Historical Transformation …
Since gaining independence in 1947, India’s defence sector has evolved significantly, transforming from a nascent industry into a formidable force with advanced technology and growing production capabilities. One of the reasons the Indian defence system has been able to attain its present reputation is the Defence Research and Development Organisation (DRDO), which was established in …
India’s renewable energy sector continues to witness rapid growth, with a significant addition of solar power capacity in July 2024. The Ministry of New and Renewable Energy reported that 1,733.7 MW of solar power capacity was added during the month, bringing the cumulative installed capacity to 87.2 GW at the end of July. In the …
