July 14, 2020
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
India needs to increase its spending by an additional 6.2 per cent of GDP along with doing major upgradation of its statistical system, improving its monitoring mechanism and increasing capacity building of all stakeholders, to achieve sustainable development goals by 2030.
National Highways Authority of India (NHAI) has approached all Indian Institutes of Technology (IITs), National Institute of Technology (NITs) and reputed Engineering Colleges to collaborate and adopt nearby stretches of National Highways (NH), on voluntary basis, as part of Institutional Social Responsibility (ISR), to provide world-class road infrastructure in the country.
Recovery rate among COVID-19 patients continues to increase every day as it touched 63.02 per cent on July 13, 2020.
Google plans to invest US$ 10 billion in India over the next five to seven years to help accelerate the adoption of digital technologies in the country.
Bharat Biotech has started the first phase of human clinical trials for India’s first COVID-19 vaccine candidate Covaxin. The drug is being developed by Bharat Biotech in collaboration with Indian Council of Medical Research’s Pune-based National Institute of Virology.
Mystifly, which offers payment processing and airline inventory management software to both online and offline travel aggregators, raised US$ 3.3 million in its pre-Series B round led by Japan-based Recruit Holdings Co. Ltd.