Indian Economy News

April 23, 2024

At nearly 6,600, India is the second-largest source country for new US citizens

India ranked second in contributing new US citizens in FY2022, with 65,960 Indians naturalized, following Mexico, as per the latest Congressional report.

UAE, Bahrain account for over 85% of India's plain gold jewellery exports in FY24

India's FY24 plain gold jewellery exports soared by 61.72% to US$ 6,792.24 million, led by UAE and Bahrain capturing over 85% market share.

Sustained growth of 7% feasible for India: RBI MPC member, Mr. Shashanka Bhide

RBI MPC member Mr. Shashanka Bhide expects India's growth to exceed 7% in FY24-25, supported by favourable monsoons, increased farm productivity, and enhanced global trade.

Women representation in the manufacturing sector to touch 40% by year-end: TeamLease

Manufacturing witnesses a surge in demand for female apprentices, aiming for a 40% female workforce by year-end, aligning with vocational training reforms.

Domestic air traffic touches new single-day high; crosses 4.71 lakh passengers

Official data reveals a new record in domestic air traffic, with 471,751 passengers on Sunday, a 14% rise from pre-Covid averages.

Uttar Pradesh government scales up industrial land bank to 25,000 acres

Uttar Pradesh targets a trillion-dollar economy by 2027, backed by a sizable land bank of 25,000 acres for rapid industrial allocation.

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