India Positive - 10 March, 2017
- November 30, -0001
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India is expected to lead in the growth of smartphone adoption globally with an estimated net addition of 350 million by year 2020, according to a report by GSM Association (GSMA).
India's unemployment rate has declined to 4.8 per cent in February 2017 compared to 9.5 per cent in August 2016, as a result of the Government's increased focus towards rural jobs and the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
Indian exports of locally made retail and lifestyle products grew at a compound annual growth rate (CAGR) of 10 per cent from 2013 to 2016 compared to China’s 5 per cent mainly led by bedding bath and home decor products and textiles, as per Damco.
India's engineering exports growing over double digit since October 2016 are expected to reach US$ 62 billion in the fiscal 2016-2017, according to the Engineering Export Promotion Council (EEPC)
Under the Pradhan Mantri Fasal Bima Yojna (PMFBY), more than 19 million hectares, which is about 30 per cent of the total sown area received crop insurance cover amounting to Rs 58,230 crore (US$ 8.72 billion) during the current rabi season.
Indira Gandhi International Airport (IGIA), New Delhi, has been ranked as the world's second best airport in the largest airport category marking a significant improvement from being number one airport in the smaller category in the previous year, as per 2016 rankings by the Airports Council International (ACI).
India is estimated to surpass USA to become the second largest economy in terms of purchasing power parity (PPP) by the year 2040, according to a report by PricewaterhouseCoopers.
India is expected to surpass Russia to become the third largest refiner in the world by the year 2020 as India overtakes China as the main driver of demand growth, according to the International Energy Agency (IEA).
India has become the world’s fastest growing domestic travel market for the 22nd time in a row, recording a 26.6 per cent year-on-year growth in January 2017, according to the International Air Transport Association (IATA).
The assets under management (AUM) of the mutual fund (MF) industry grew 45 per cent to Rs 17.89 lakh crore (US$ 268.48 billion) during March 2015 to February 2017, according to the Association of Mutual Funds in India (AMFI).
The Government of India and its investment promotion agency, Invest India, are in discussion with around 300 Indian and foreign companies to channelize investments worth US$ 62 billion, which will help create over 1.7 million job opportunities in India.
Indian exchange traded funds (ETF) market, second-fastest growing in the world, doubled to US$ 4 billion in the past 3 years, according to Bloomberg.
India to lead global growth of smartphone connections: GSMA
India is expected to lead in the growth of smartphone adoption globally with an estimated net addition of 350 million by year 2020, according to a report by GSM Association (GSMA).
India's unemployment rate drops 50% in 7 months on Modi govt's rural push
India's unemployment rate has declined to 4.8 per cent in February 2017 compared to 9.5 per cent in August 2016, as a result of the Government's increased focus towards rural jobs and the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme.
India beats China in export growth of locally made retail, lifestyle products
Indian exports of locally made retail and lifestyle products grew at a compound annual growth rate (CAGR) of 10 per cent from 2013 to 2016 compared to China’s 5 per cent mainly led by bedding bath and home decor products and textiles, as per Damco.
India's engineering exports likely to reach $62 billion
India's engineering exports growing over double digit since October 2016 are expected to reach US$ 62 billion in the fiscal 2016-2017, according to the Engineering Export Promotion Council (EEPC)
30% of area sown under rabi crops gets PM insurance cover
Under the Pradhan Mantri Fasal Bima Yojna (PMFBY), more than 19 million hectares, which is about 30 per cent of the total sown area received crop insurance cover amounting to Rs 58,230 crore (US$ 8.72 billion) during the current rabi season.
Delhi Airport is second best among world’s biggest airports: ASQ Awards 2016
Indira Gandhi International Airport (IGIA), New Delhi, has been ranked as the world's second best airport in the largest airport category marking a significant improvement from being number one airport in the smaller category in the previous year, as per 2016 rankings by the Airports Council International (ACI).
India to outpace US to emerge as second largest economy by 2040, PwC says
India is estimated to surpass USA to become the second largest economy in terms of purchasing power parity (PPP) by the year 2040, according to a report by PricewaterhouseCoopers.
India to replace Russia as world’s third largest refiner: IEA official
India is expected to surpass Russia to become the third largest refiner in the world by the year 2020 as India overtakes China as the main driver of demand growth, according to the International Energy Agency (IEA).
India fastest growing domestic air travel market, 22 months in a row
India has become the world’s fastest growing domestic travel market for the 22nd time in a row, recording a 26.6 per cent year-on-year growth in January 2017, according to the International Air Transport Association (IATA).
MF assets hit record high, equity AUM crosses 5 lakh crore for first time
The assets under management (AUM) of the mutual fund (MF) industry grew 45 per cent to Rs 17.89 lakh crore (US$ 268.48 billion) during March 2015 to February 2017, according to the Association of Mutual Funds in India (AMFI).
Government in talks with 300 companies to attract $62 billion investment
The Government of India and its investment promotion agency, Invest India, are in discussion with around 300 Indian and foreign companies to channelize investments worth US$ 62 billion, which will help create over 1.7 million job opportunities in India.
Indian ETF market doubles in three years to $4 billion
Indian exchange traded funds (ETF) market, second-fastest growing in the world, doubled to US$ 4 billion in the past 3 years, according to Bloomberg.
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