Indian Economy News

May 17, 2024

9 in 10 Indian knowledge workers use AI in the workplace: Report

92% of Indian knowledge workers embrace AI, with 91% of business leaders recognizing its vital role in maintaining competitiveness.

UN revises India's 2024 economic growth projection upwards to nearly 7%

The United Nations has revised upwards India's economic growth projections for 2024 to close by 7%, primarily driven by strong public investment and resilient private consumption.

India's internet economy is estimated to reach US$ 1 trillion by 2030: Experts

India's internet economy aims for US$ 1 trillion by 2030, propelled by e-commerce forecasted at US$ 325 billion, securing third place worldwide.

India's aviation may fly into a good growth zone, air passenger traffic may grow around 8-11%: ICRA

India's aviation sector foresees notable expansion, projecting an 8-11% YoY increase in air passenger traffic to 407-418 million this fiscal year.

Exports may surge 12-15% to cross US$ 500 billion this fiscal: FIEO

FIEO foresees a substantial surge in India's merchandise exports, with an estimated US$ 60-70 billion increase, targeting US$ 500 billion by FY25.

Auto major M&M shifts to high gear with US$ 4.5 billion (Rs. 37,000 crore) investments

Mahindra & Mahindra (M&M), a major Indian automotive company, is planning to launch many new vehicles by 2030, with investment plan of US$ 4.5 billion (Rs. 37,000 crore) over next three years.

Partners
Loading...