Indian Economy News

April 19, 2024

Demat accounts hit a new high, touching 15 crore in March 2024

In March 2024, India saw a historic high of 151 million Demat accounts, driven by 3.1 million new additions monthly, as projected by Motilal Oswal.

India exports record 4.8 million tonnes of oil meal animal feed in FY24: SEA

India break records of exporting 4.8 million tonnes of oil meal in 2023-24, driven by soybean meal resurgence, reports Solvent Extractors Association of India.

India's tariff removal on several US products benefiting farmers: USTR

US Trade Representative, Ms. Katherine Tai announces India's removal of retaliatory tariffs, easing access to US goods like chickpeas, lentils, almonds, walnuts, and apples, benefiting farmers nationwide.

Electronics industry sees 154% growth in hiring and skilling: Quess report

In March 2024, the electronics industry experienced a significant 154% surge in hiring compared to the previous year, as reported by Quess Corp Limited.

India smartphone up 15% on year in Q1, continues recovery: Canalys

In the quarter ending March 2024, the Indian smartphone market rebounded, hitting 35.3 million units with a 15% YoY growth, according to a recent report.

IREDA's GIFT City office to boost Green Hydrogen and Renewable Energy Manufacturing Projects

IREDA opens office in GIFT City, offering foreign currency debt options to cut costs for Green Hydrogen and Renewable Energy Manufacturing projects, emphasized at World Future Energy Summit 2024.

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