Indian Economy News

May 13, 2024

E-tailing sector in India projected to grow at 18% by 2028-29: Report

The Indian e-commerce (e-tail) sector is anticipated to reach a significant size of US$ 60 billion in the financial year 2023-24, based on a report by the property consultancy firm Knight Frank India. This rapidly growing industry is forecasted to continue its expansion at a robust annual growth rate of 18% over the next five years.

India ahead of advanced countries like Germany & Australia in AI adoption and innovation: Report

NetApp's report underscores India's rising prominence in AI adoption, joining leaders like Singapore, UK, and the US, while Spain, Australia, and Germany lag.

Cotton exports estimated to rise 27% to 2.8 million bales in 2023-24 season: CAI

The Cotton Association of India (CAI) anticipates a 27% surge in cotton exports, reaching around 28 lakh bales by the culmination of the 2023-24 crop year in September.

India to become world’s 4th largest economy by 2025 by overt taking Japan, predicts Amitabh Kant

Mr. Amitabh Kant, has outlined India's path to overtake Japan and become the fourth-largest economy globally by the year 2025. This forecast is based on a range of positive macroeconomic factors.

India likely to export almost 18 million tonnes of rice in 2024-25: USDA

The United States Department of Agriculture (USDA) forecast India's rice exports to increase by 2 million tones and reach approximately 18 million tonnes in 2024-25.

Uttar Pradesh govt plans to promote Agri startups, introduce AI in farming

The Uttar Pradesh government partners with the agriculture industry to enhance the rural economy, integrating AI into farming practices for smarter agricultural solutions.

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