NCAER pegs GDP growth for FY16 at 7.6%

New Delhi: The National Council of Applied Economic Research (NCAER) has increased its estimate for growth in India’s gross domestic product (GDP) for 2015-16 to 7.6 per cent, from 7.4 per cent earlier, and has also estimated GDP growth in 2016-17 to be higher at 7.7 per cent, on back of an expected normal monsoon season.

India 3rd in EY’s renewable energy index

India has been ranked third among 40 countries in EY’s Renewable Energy Country Attractiveness Index, on back of strong focus by the government on promoting renewable energy and implementation of projects in a time bound manner.

India becoming the hub for fin-tech start-ups

India is expected to become a hub for Financial Technology (Fin-Tech) start-ups as several fin-tech focused accelerators and incubators are being set up in the country, which will help the Indian fin-tech software market to reach US$ 2 billion size by 2020, according to a report by the National Association of Software and Services Companies (NASSCOM).

Private demand to prop up growth to 7.5%: Moody’s

Moody's Investors Service estimates that the Indian economy will grow at a rate of 7.5 per cent in real terms in FY 2016-17 as compared with 7.3 per cent in FY 2015-16, mainly due to rising private consumption.

Cabinet approves National Intellectual Property Rights Policy

The Union Cabinet has approved the National Intellectual Property Rights (IPR) policy, aimed at boosting creativity, innovation, adapting global best practices to the Indian scenario and combining the strengths of government, research and development (R&D) organisations, educational institutions and corporate entities.

India's organic food market to treble in four years

India's organic food market is expected to grow by 25-30 per cent year-on-year to US$ 1.36 billion by 2020, according to a joint study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and TechSci Research.

Govt opens Tatkal window for faster patents to startups

The Government of India has reduced the patent fee by up to 80 per cent and opened a special (Tatkal) window for faster clearance of patent applications in order to encourage start-ups to patent their technologies through the Indian Patents Office.

Consumer confidence at 9-year high

India's Consumer Confidence Index (CCI) score during January-March 2016 has increased to 134, which is the highest for the country since 2007, according to the Nielsen Consumer Confidence Index.

India's trade deficit hits five year low of US$ 4.8 billion

India’s trade deficit narrowed to a five-year low of US$ 4.8 billion in April 2016, led by a sharp fall in gold imports and decrease in inbound oil shipments, as per Ministry of Commerce and Industry.

Shell says will expand investments in India

Royal Dutch Shell Plc, which has already invested US$ 1 billion in India, has planned further investments in upstream and downstream segments of oil and gas sector, and is also doubling its employee base at its Shell Technology Centre Bangalore (STCB).

India could become Amazon’s largest market after the US: Amit Agarwal

Mr Amit Agarwal, Vice President and Country Manager, Amazon India, has expressed confidence in Government of India's rules governing Foreign Direct Investment (FDI) in e-commerce and expects India to become Amazon’s largest market after the US, based on customer traction.

India may become Lenovo’s largest market in 2017

India has the potential to become the largest market for Lenovo as it is already the company’s second largest market after Brazil and is focussed on localisation, market-oriented products and expansion of offline distribution, as per Mr Dillion Ye, Vice President, Lenovo MBG Asia Pacific.