Indian Economy News

February 09, 2023

Coffee exports grew by 38% in 2021-22 as compared to 2020-21

During FY22, Indian coffee exports spurred by 38% in 2021-22 at US$ 1.01 billion as compared to 2020-21.

Number of recognised startups rises to 86,713 in Dec 2022 from 445 in 2016

The total number of start-ups recognised by the government as on 31st December 2022 is 816,713.

Various steps taken by the Government for Information technology exports from India

As per the data provided by the National Association of Software and Service Companies, the total amount of IT export from the country in FY22 stood at US$ 178 billion and various steps have been taken by the government to increase IT exports.

India's exports of technical textiles increased 28.4% in 2021–2022: Government to Lok Sabha

Indian exports of 207 technical textile products climbed by 28.4%, from US$ 2.21 billion in 2020–21 to US$ 2.85 billion in 2021–22, says Union Minister of State for Textiles Ms. Darshana Jardosh.

Public procurement via GeM portal to cross (Rs. 2 trillion) in FY23: Official

The procurement of goods and services from the government portal, Government e-Marketplace (GeM) is expected to cross US$ 24 billion (Rs. 2 trillion) in the current fiscal year FY23.

Approximately US$ 37 million (Rs. 304.65 crores) loan and US$ 12.3 million (Rs. 100.55 crores) Margin Money Subsidy has been disbursed in the West Zone under PMEGP Scheme

About US$ 12.3 million (Rs 100.55 crore) margin money subsidy has been distributed to about 1,463 beneficiaries of the Western Region, in which margin money grant amount of US$ 3 million (Rs 24.38 crore) was disbursed, under the PMEGP scheme.