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    India Positive - December 1, 2017

  • India Positive - December 1, 2017

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December 01, 2017

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India poised to become world's third largest economy: Prabhu


India is expected to become the third largest economy in the world in the next few years with a GDP of US$ 5 trillion, as a result of the government's efforts to be part of the global supply chain, according to Mr Suresh Prabhu, Minister of Commerce and Industry, Government of India.

India's GDP growth rebounds to 6.3% in September quarter


India's GDP increased by 6.3 per cent during July-September 2017, on the back of increased activity in the manufacturing sector.

India moves up one spot to 68 on Global Entrepreneurship Index


India has improved its position by one spot to rank 68th out of 137 countries on the Global Entrepreneurship Index of 2018.

Indian agriculture has made rapid growth in food, fruits, vegetables, dairy and fishery production: Shri Radha Mohan Singh


India has seen unprecedented development in food, fruits, vegetables, dairy and fishery production setting an example for the world, according to Mr Radha Mohan Singh, Minister of Agriculture and Farmers Welfare, Government of India.

Government on course to achieve targets under Rural Housing Programme – Pradhan Mantri Awaas Yojana- Gramin (PMAY-G)


The government has achieved the target of completion of 100,000 new houses by November 2017 under the Pradhan Mantri Awas Yojana (Gramin) and is further on course to complete 10 million new houses by March 31, 2019.

Overwhelming response to Namami Gange Roadshow in London


A commitment of over US$ 5 billion has been received from Indian corporates, NRIs and PIOs in UK for development of amenities like ghats, river fronts, crematoria and parks as part of the Namami Gange Mission.

SIP inflows up 48% till October


Investments in mutual fund (MF) schemes have increased by 48 per cent year-on-year to Rs 35,000 crore (US$ 5.41 billion) between April-October 2017.

Milk output rises 19%; dairy farmers' income up 24% in 2014-17


Milk production in India increased by 18.81 per cent to reach 163.6 million tonnes in 2016-17, while incomes of dairy farmers increased 23.77 per cent per annum during 2014-17, according to Mr Radha Mohan Singh, Minister of Agriculture & Farmers Welfare, Government of India.

Major Ports' cargo traffic up 3% at 383 MT in Apr-Oct FY18


The cargo traffic at 12 major ports in India increased by 3.26 per cent to 382.91 million tonnes (MT) between April-October 2017, backed by a rise in iron ore demand, according to the Indian Ports Association (IPA).

'Data usage per smartphone in India to grow 5-fold by 2023'


New Delhi: The monthly data usage per smartphone in India is expected to increase from 3.9 GB in 2017 to 18 GB by 2023, according to a report by Ericsson.

'India's air traffic growth to be at 8-10% over next 2 years'


India's air traffic is expected to grow by 8-10 per cent annually over the coming two years, according to rating agency, Moody's Investor Service.

Quarterly results analysis: Apparel export gains over domestic sales


India's apparel exports to US increased 6 per cent year-on-year in Q2 FY18, as apparel companies focused on exports witnessed steady growth in their revenues.