India Positive - November 24, 2017
- November 30, -0001
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India's gross value added (GVA) is expected to grow 6.3 per cent in Q2 FY18, on the back of increased industrial growth, according to report by ICRA.
India's ranking in the world has improved to 126 in terms of its per capita GDP, based on purchasing power parity (PPP) as it increased to US$ 7,170 in 2017, as per data from the International Monetary Fund (IMF).
About 80 per cent of women entrepreneurs in India self-finance their business, as per a report by sheatwork.com.
The Government of India is on track to achieve its target of constructing 10 million new houses in rural India under the Pradhan Mantri Awas Yojana (Gramin) by March 31, 2019 with 1.5 million houses expected to be completed by December 31, 2017, according to the Ministry of Rural Development, Government of India.
The government is planning to set up a committee to develop an institutional framework on large-scale adoption of electric vehicles in India as a viable clean energy mode, especially for shared mass transport, to help bring down pollution level in major cities.
Mr Radha Mohan Singh, Union Minister of Agriculture and Farmers Welfare, Government of India, stated that India has become the second largest producer of fish in the world with fish production reaching 11.41 million tonnes in FY 2016-17.
The credit profile of Indian companies is expected to improve in 2018 backed by strong economic and EBITDA growth lead by more production capacity and benign commodity prices, as per Moody's Investor Service.
The renewable energy sector in India is set to create over 330,000 employment opportunities by 2022, as per a report by World Resources Institute (WRI).
India's silver imports have increased by about 60 per cent year-on-year to 4,200 tonnes in October 2017 and are expected to reach 5,000 tonnes by the end of 2017, backed by improved consumer sentiment and rising rural demand, as per Thomson Reuters GMFS.
A total of 3.076 million houses have been sanctioned under the Pradhan Mantri Awas Yojana (PMAY) (U) since its launch, according to Mr Hardeep Singh Puri, Minister of State(Independent Charge) Ministry of Housing and Urban Affairs, Government of India.
The logistics sector has been granted infrastructure status, a move that is expected to boost both domestic and external demand thereby encouraging manufacturing and 'job creation'.
Debit and credit transactions in India have increased 84 per cent year-on-year to Rs 74,090 crore (US$ 11.43 billion) in September 2017, backed by the Government of India's boost to non-cash payments, as per a report by payment solutions provider, Worldline.
Icra sees growth inching up to 6.3% in Q2
India's gross value added (GVA) is expected to grow 6.3 per cent in Q2 FY18, on the back of increased industrial growth, according to report by ICRA.
'India moves up one notch to 126 in GDP per capita terms'
India's ranking in the world has improved to 126 in terms of its per capita GDP, based on purchasing power parity (PPP) as it increased to US$ 7,170 in 2017, as per data from the International Monetary Fund (IMF).
80% of women entrepreneurs self-finance their biz in India
About 80 per cent of women entrepreneurs in India self-finance their business, as per a report by sheatwork.com.
Government set to achieve Rural Housing Targets
The Government of India is on track to achieve its target of constructing 10 million new houses in rural India under the Pradhan Mantri Awas Yojana (Gramin) by March 31, 2019 with 1.5 million houses expected to be completed by December 31, 2017, according to the Ministry of Rural Development, Government of India.
Govt readies institutional framework to push electric mobility
The government is planning to set up a committee to develop an institutional framework on large-scale adoption of electric vehicles in India as a viable clean energy mode, especially for shared mass transport, to help bring down pollution level in major cities.
India becomes second largest fish producing country in the world: Shri Radha Mohan Singh
Mr Radha Mohan Singh, Union Minister of Agriculture and Farmers Welfare, Government of India, stated that India has become the second largest producer of fish in the world with fish production reaching 11.41 million tonnes in FY 2016-17.
Moody's sees Indian companies’ credit profile improving in 2018
The credit profile of Indian companies is expected to improve in 2018 backed by strong economic and EBITDA growth lead by more production capacity and benign commodity prices, as per Moody's Investor Service.
Renewable energy sector may generate over 330,000 jobs in five years: report
The renewable energy sector in India is set to create over 330,000 employment opportunities by 2022, as per a report by World Resources Institute (WRI).
Silver import up 60%, to cross 5,000 tonnes
India's silver imports have increased by about 60 per cent year-on-year to 4,200 tonnes in October 2017 and are expected to reach 5,000 tonnes by the end of 2017, backed by improved consumer sentiment and rising rural demand, as per Thomson Reuters GMFS.
30.76 Lakh Houses Sanctioned So Far Under PMAY (U)
A total of 3.076 million houses have been sanctioned under the Pradhan Mantri Awas Yojana (PMAY) (U) since its launch, according to Mr Hardeep Singh Puri, Minister of State(Independent Charge) Ministry of Housing and Urban Affairs, Government of India.
Logistics Sector granted Infrastructure Status
The logistics sector has been granted infrastructure status, a move that is expected to boost both domestic and external demand thereby encouraging manufacturing and 'job creation'.
Card transactions soar 84% in Sep 2017 to Rs 74,090 cr: Report
Debit and credit transactions in India have increased 84 per cent year-on-year to Rs 74,090 crore (US$ 11.43 billion) in September 2017, backed by the Government of India's boost to non-cash payments, as per a report by payment solutions provider, Worldline.
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