Indian Economy News

April 16, 2024

India's electronics exports increase 23.6% to US$ 29.12 billion in FY24

India's electronics exports soared to US$ 29.12 billion in FY24, up 23.6%, expanding into new territories like Montenegro, Cayman Islands, and El Salvador.

Despite persistent global challenges, overall exports are estimated to surpass last year’s highest record.

India's exports flourish, reaching US$ 776.68 billion in FY24, driven by diverse sectors and a notable reduction in the trade deficit.

Flexi staffing industry grows 3.6% in December quarter of FY24: Report

The Indian Staffing Federation reports 3.6% growth in the staffing industry during Q3 FY24, driven by demand for a flexible workforce across key sectors like e-commerce, retail, and manufacturing.

Global companies pick India for their digital services, says Nasscom

India continues to be the top choice for global businesses outsourcing digital services, a surge in investments in key digital technology areas.

Oil and gas sector witnesses 22% rise in job hiring in March this year: Report

India's job market showed strength in March 2024, particularly in sectors like Oil and Gas and Pharma, signalling positive trends and robustness in the economy.

Mahindra Group to invest nearly US$ 144 million (Rs. 1,200 crore) in renewable energy projects

Mahindra Susten to invest US$ 144 million (Rs. 1,200-crore) in a hybrid renewable energy project in Maharashtra, highlighting its commitment to sustainability and the fight against climate change.

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