February 20, 2017
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Indian food processing sector has potential to attract US$ 33 billion of investment and generate employment of 9 million persons days by FY 2024: ASSOCHAM-Grant Thorton
New Delhi: India is expected to be self-sufficient in pulses in the coming few years due to concerted efforts of scientists to get early-maturing varieties of pulses and the increase in minimum support price, said Mr Radha Mohan Singh, Minister for Agriculture and Farmers Welfare.
New Delhi: The foreign direct investment (FDI) in April-December 2016 rose 22 per cent year-on-year to US$ 35.8 billion led by service sector accounting for 18 per cent of total FDI.
The Internet of Things (IoT) market size in India is expected to increase seven fold to US$ 9 billion by 2020 from US$ 1.3 billion in the previous year due to higher adoption levels of IoT by the manufacturing, automotive, transportation and logistics sector, as per Deloitte.
New Delhi: The cumulative direct benefit transfer (DBT) savings led by savings in the liquefied petroleum gas (LPG) Pratyaksh Hanstantarit Labh (PAHAL) Scheme stood at Rs 49,650 crore (US$ 7.4 billion) until December 31, 2016, as per Government of India's interim figures.
New Delhi: Havells India Ltd will acquire the consumer durables business of Lloyd Electrical and Engineering Ltd for Rs 1,600 crore (US$ 239 million) on a debt-free, cash-free basis to be funded with internal resources and Rs 600-800 crore (US$ 90-119 million) debt.