India Positive - 03 March, 2017
- March 3, 2017
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Demonetisation is expected to have a positive impact on the Indian economy, which will help foster a clean and digitised economy in the long run, according to Ms Kristalina Georgieva, Chief Executive Officer, World Bank.
The implementation of The Goods and Services Tax (GST) is expected to reduce the effective tax rate for auto ancillary industry from the existing 28-30 per cent to 18 per cent, and also remove the necessity to set up units near the Original Equipment Manufacturers(OEMs) to avail the input tax credit, thereby reducing capital investments and increasing working capital inflows in the industry.
India’s retail sector has a potential to reach US$ 1.1 trillion by 2020, led by 20-25 per cent growth per annum in organised retail: CBRE
India is one of the three regions globally to have the highest potential for high-speed hyperloop pneumatic tube transportation system, due to rapid urbanisation and the need to transport people between large distances in a short time, as per Mr Rob Lloyd, Chief Executive Officer and Mr Nick Earle, Vice President, Global Field Operations of Hyperloop One.
The Domestic Tourist Visits (DTVs) to other states and Union Territories (UTs) during 2016 grew 15.5 per cent year-on-year to 1,653 million, up from 1,432 million in 2015, as per the data compiled by the Ministry of Tourism.
Internet users in India is expected to rise 4-8 per cent to 450-465 million between December 2016 – June 2017, as per IAMAI-IMRB report.
The domestic and foreign logistic companies are optimistic about prospects in the logistics sector in India, and are actively making investments plans to improve earnings and streamline operations.
India's recent GDP growth rate of more than 7 per cent annually is the strongest among G-20 countries, according to the OECD Economic Survey of India, 2017
India’s Foreign Exchange Earnings (FEEs) grew by 17.8 per cent year-on-year to Rs 16,097 crore (US$ 2.41 billion) in January 2017 from Rs 13,669 crore (US$ 2.05 billion) in January 2016.
M&A activity rose 86 per cent y-o-y to six-year high of US$ 56.2 billion in 2016, as per a report by EY.
India's factory output rose to 50.7 points in February 2017 up from 50.4 points in January 2017, according to Nikkei purchasing managers’ index (PMI) survey.
The Indian Information Technology (IT) sector became successful early on due to steps taken to perfect quality much in line with how Japan was known for its quality of manufacturing at unmatched price point, says Mr Rajesh Gopinathan, Chief Executive Officer (CEO) & Managing Director (MD), Tata Consultancy Services (TCS).
Demonetisation will have positive impact on Indian economy, says World Bank CEO
Demonetisation is expected to have a positive impact on the Indian economy, which will help foster a clean and digitised economy in the long run, according to Ms Kristalina Georgieva, Chief Executive Officer, World Bank.
GST to provide $39bn auto ancillary industry fuel for growth
The implementation of The Goods and Services Tax (GST) is expected to reduce the effective tax rate for auto ancillary industry from the existing 28-30 per cent to 18 per cent, and also remove the necessity to set up units near the Original Equipment Manufacturers(OEMs) to avail the input tax credit, thereby reducing capital investments and increasing working capital inflows in the industry.
India's organised retail market presents a whopping $75 billion opportunity for retailers
India’s retail sector has a potential to reach US$ 1.1 trillion by 2020, led by 20-25 per cent growth per annum in organised retail: CBRE
India among the regions with highest potential: Hyperloop
India is one of the three regions globally to have the highest potential for high-speed hyperloop pneumatic tube transportation system, due to rapid urbanisation and the need to transport people between large distances in a short time, as per Mr Rob Lloyd, Chief Executive Officer and Mr Nick Earle, Vice President, Global Field Operations of Hyperloop One.
15.5% Growth in Domestic Tourist visits to States/Uts during 2016 as compared to 2015
The Domestic Tourist Visits (DTVs) to other states and Union Territories (UTs) during 2016 grew 15.5 per cent year-on-year to 1,653 million, up from 1,432 million in 2015, as per the data compiled by the Ministry of Tourism.
Number of Internet users in India could cross 450 million by June: report
Internet users in India is expected to rise 4-8 per cent to 450-465 million between December 2016 – June 2017, as per IAMAI-IMRB report.
Logistics companies look to India for investment
The domestic and foreign logistic companies are optimistic about prospects in the logistics sector in India, and are actively making investments plans to improve earnings and streamline operations.
OECD Economic Survey of India 2017 : Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide
India's recent GDP growth rate of more than 7 per cent annually is the strongest among G-20 countries, according to the OECD Economic Survey of India, 2017
Rs. 16,097 Crore Foreign Exchange Earned Through Tourism in January 2017
India’s Foreign Exchange Earnings (FEEs) grew by 17.8 per cent year-on-year to Rs 16,097 crore (US$ 2.41 billion) in January 2017 from Rs 13,669 crore (US$ 2.05 billion) in January 2016.
M&As saw record in deal value last year
M&A activity rose 86 per cent y-o-y to six-year high of US$ 56.2 billion in 2016, as per a report by EY.
Factory output expands for 2nd straight month
India's factory output rose to 50.7 points in February 2017 up from 50.4 points in January 2017, according to Nikkei purchasing managers’ index (PMI) survey.
'Made in India in IT as strong as Made in Japan in mfg'
The Indian Information Technology (IT) sector became successful early on due to steps taken to perfect quality much in line with how Japan was known for its quality of manufacturing at unmatched price point, says Mr Rajesh Gopinathan, Chief Executive Officer (CEO) & Managing Director (MD), Tata Consultancy Services (TCS).
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