August 26, 2016
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.
The Indian e-tailing (electronic retailing) market is expected to grow 50-60 per cent year-on-year to touch US$ 80-100 billion in gross merchandise value (GMV) by 2020: RedSeer Consulting
New Delhi: India's gross domestic product (GDP) is expected to grow at 7.9 per cent in FY 2016-17, driven by better monsoon, government pay hikes, and policy reforms, according to global investment bank Goldman Sachs.
Mumbai: The National Institution for Transforming India (NITI Aayog) has prepared a cabinet note for infrastructure related ministries to ease arbitration norms and release stalled payments of infrastructure companies, which is expected to speed up project development in the country.
New Delhi: The National Payments Corporation of India (NPCI) announced that Unified Payments Interface (UPI), which will enable customers to make everyday payments with just a few clicks on their smartphones, was live for customers of 21 banks.
Noida: Noida has become biggest smartphone production hub in India with a capacity to make more than 140 million devices per year, primarily due to the 10.5 per cent duty differential introduced by government between imported devices and those made locally in Union Budget 2015-16.
Bengaluru: Ford Smart Mobility, a subsidiary of US automaker Ford, has made its first investment in Indian market by investing US$ 24 million in self-drive car rental service Zoomcar.