Indian Economy News

April 29, 2024

India takes top rank in world artificial intelligence race, shows data

NetApp's report underscores India's pivotal role in AI innovation, emphasizing its potential for economic growth and global competitiveness.

India trustworthy partner for Nepal's development, says Piyush Goyal

Union Minister of Commerce & Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Mr. Piyush Goyal, reaffirmed India's commitment to Nepal's development at the third Nepal Investment Summit, emphasizing bilateral friendship and economic cooperation.

RBI's tight grip on Rupee boosts its allure for carry trades: Fidelity

Fidelity International highlights the Indian rupee's appeal for carry trades, citing its stability, higher yields, and recent inclusion in global indices.

India expects annual power output to grow at the fastest in over a decade

India expects a 9.3% rise in power generation to 1,900 billion kWh by March 2025, driven by heatwaves and economic rebound.

Basmati rice exports rose 22% till February FY24 on West Asia demand

India's basmati rice exports surged by 22% to US$ 5.2 billion despite constraints and the imposition of minimum export prices, driven by robust West Asian demand.

Broking industry aims to double customer count in 2 years: Mr. Dhiraj Relli

HDFC Securities celebrates 25 years, adapting to low-cost trends with HDFC Sky; eyes sustained growth amid evolving broking landscape.

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