India Positive - November 17, 2017

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November 18, 2017

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Finished steel exports surge 45% in Oct; imports rise 11.5%


Exports of finished steel from India increased 45 per cent year-on-year to reach 778,000 tonnes and imports increased 11.5 per cent year-on-year to 600,000 tonnes in October 2017, as per a report by Joint Plant Committee.

18.1% growth in Foreign Tourist Arrivals in October, 2017 over October, 2016


The foreign tourist arrivals (FTAs) in India increased 18.1 per cent year-on-year to 876,000 and FTAs on e-tourist visa increased 67.3 per cent year-on-year to 176,000 in October 2017, as per Ministry of Tourism, Government of India.

Biz confidence rises this qtr on govt reforms:Dun & Bradstreet


The Dun & Bradstreet Composite Business Optimism Index (BOI) increased 6.6 per cent quarter-on-quarter to 76.7 for Q4 2017 on the back of a macroeconomic boost, government measures and festive season demand.

India to overtake Japan to be third largest economy by 2028


India’s real GDP is expected to grow at 7 per cent per year in the coming decade and surpass Germany and Japan in nominal GDP terms by 2028, according to a report by Bank of America Merrill Lynch.

Centre, states to spend Rs 1 lakh crore on rural roads


The Government of India will spend around Rs 1 lakh crore (US$ 15.26 billion) during FY 18-20 to build roads in the country under Pradhan Mantri Gram Sadak Yojana (PMGSY).

India to drive energy demand growth: IEA


India is expected to account for one-third of world's energy demand by 2040 as growth in its oil demand will surpass China after 2025, according to International Energy Agency (IEA).

FPI investments at 7-year peak


Investments made by Foreign Portfolio Investors (FPIs) in India's primary share market have reached a seven year high of nearly US$ 10 billion up to October 2017.

Demand for quality goods/services rise in rural India: SBI


Demand for quality goods and services has been going up in rural areas of India, on the back of improved distribution channels of manufacturing and FMCG companies, according to a report by State Bank of India (SBI).

Indian retail market expected to reach $1 tn by 2020


Retail market in India is expected to increase by 60 per cent to reach US$ 1.1 trillion by 2020, on the back of factors like rising incomes and lifestyle changes by middle class and increased digital connectivity, according to a joint report by Assocham and MRRSIndia.com.

MF investments in equities cross Rs 1 lakh cr in 2017


Investments made by domestic mutual funds in the equities market have crossed the 1 lakh crore (US$ 15.3 billion) mark during CY 2017.

Small, mid-size IT companies are set to step up hiring


Small and mid-sized corporates functioning in the IT and IT-BPM sector are planning to increase hiring by 32 per cent in the next 12 months, according to a study by Great Place to Work Institute.

Moody’s upgrades India’s credit rating to Baa2 in boost to Narendra Modi govt


Credit rating agency Moody's Investor Services has upgraded India's sovereign rating due to the wide ranging economic reforms undertaken in the country.