Indian Economy News

May 10, 2024

India's retail sector set to cross US$ 2 trillion by 2030, says report

The Indian retail market is poised to surpass US$ 2.2 trillion by 2030, with startups like Mamaearth and Lenskart pioneering omnichannel strategies that blend online convenience with offline trust to cater to diverse consumer preferences.

India's defence sector a US$ 138 billion opportunity; HAL, BEL top buys: Nomura

Nomura highlights India's defence sector's US$ 138 billion ordering potential from FY24 to FY32, reflecting significant growth and investment opportunities.

India’s merchandise exports to grow by 12.3% in June quarter: Exim Bank

Export-Import Bank of India predicts India's merchandise exports to reach US$ 116.7 billion, driven by strong economic fundamentals and sectoral activity.

Commercial real estate rents surge 20% in Bengaluru, Pune, NCR, and Mumbai

GCCs contribute 37% to India's first quarter of 2024 leasing, notably in Bengaluru and Hyderabad, driving three-fourths of supply amidst 8% rental rate surge.

India to begin producing 'T100' carbon fibre in 2.5 years: Mr. V K Saraswat

India plans to produce T100 carbon fibre within 2.5 years, aiming to surmount import barriers in strategic sectors, per NITI Aayog's Mr. V K Saraswat.

India becomes the third country in the world with a million Uber drivers

Uber CEO Mr. Dara Khosrowshahi revealed in the March quarter earnings call that Uber has surpassed 1 million drivers in India, marking a significant milestone for the country.

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