Indian Economy News

March 28, 2024

India data centre capacity to double in 3 years, capex requirement US$ 6 billion (Rs. 50,000 crore).

The Indian data centre industry is rapidly expanding, with capacity projected to double from 0.9 GW in 2023 to nearly 2 GW by 2026.

India outpacing world in renewable energy adoption: US Ambassador, Mr. Eric Garcetti

The US Ambassador to India, Mr. Eric Garcetti, praises India’s renewable energy leadership and calls for stronger collaboration to combat climate change and support sustainable growth.

India releases the second tranche of US$ 60 million (INR/Nu 5 billion) to Bhutan for the GyalSung Infrastructure Project.

India has disbursed the second instalment of US$ 60 million (INR/Nu 5 billion) to Bhutan for infrastructure development within the GyalSung Project, strengthening their cooperative endeavours.

Morgan Stanley raises India's GDP growth forecast for FY25 to 6.8%.

Morgan Stanley raises India's GDP growth outlook for FY24 to 7.9% and FY25 to 6.8%, reflecting an optimistic economic trajectory.

Housing sales in Jan-Mar rise 14% in top 7 cities, average prices up 10-32$: Anarock

Housing sales surged 14% across seven key Indian cities during January to March, with average property prices rising by 10-32%.

NBBL to begin work on net banking interoperability from April: Report

NPCI Bharat Billpay (NBBL) collaborates with banks and fintech firms to introduce internet banking interoperability post-RBI approval, marking a significant development.

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