Indian Economy News
October 03, 2023
India's manufacturing sector doubles its share in office leasing
According to Cushman and Wakefield's most recent report, the commercial real estate market is benefiting from the increased activity in India's manufacturing sector, with its share increasing from 6% in 2018 to 15% in 2022.
India will be the number one by 2047 in all sectors: Union Home Minister Mr. Amit Shah
Mr. Amit Shah, Union Home Minister and the Minister of Cooperation, stated “Prime Minister Mr. Narender Modi has said that when India celebrates 100 years of Independence in 2047, we have to be number one in all sectors. The next 25 years will be the best. This is the start of Amrit Kaal.”
Indian automakers set a record for monthly sales in September, selling 363,733 cars and sport-utility vehicles (SUVs). In September 2023, the Suzuki Motor Corp. division sold 150,812 units and Hyundai Motors sold 54,241 units.
'Remarkable' 5G adoption drives India's global speed ranking 72 places higher: Ookla
According to Ookla, India's mobile download speeds have significantly increased with the rollout of 5G services, and India has moved up 72 spots from 119th to claim the 47th spot in the Speedtest Global Index.
India retains the 40th position in Global Innovation Index 2023 owing to India’s consistent innovation excellence. India's ongoing improvement in a number of innovation-related metrics is confirmed by the country maintaining its position as the 40th out of 132 economies, marking a tremendous rise from its 81st rank in 2015 to this noteworthy accomplishment.
Malabar Gold and Diamonds intends to invest Rs. 1,000 crore (US$ 120.3 million) and eventually generate 4,000 jobs in Maharashtra by FY25. The statement was released at the opening of Mumbai's Andheri East Malabar National Hub (M-NH), the company's centralised base of operations in India.
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