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    India Positive - December 15, 2017

  • India Positive - December 15, 2017

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December 15, 2017

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India's GDP growth to rise to 7.5 pc in 2018: Morgan Stanley


India's real GDP is expected to grow 7.5 per cent in 2018 and 7.7 per cent in 2019 on the back of cyclical recovery, according to Morgan Stanley.

Govt exploring opportunities to make India USD 1 trillion digital economy


The Government of India is going to explore new opportunities in various sectors such as providing BPO service from home, digital healthcare and agriculture to achieve the target of making India a US$ 1 trillion digital economy.

37% of the Indian workforce will be in new job roles by 2022: report


About 37 per cent of the workforce in India is expected to be employed in new job roles by 2022, as per the joint report 'Future of Jobs' by FICCI, NASSCOM and EY.

Govt to increase health budget to 2.5% of GDP by 2025: Minister J.P. Nadda


The Government of India aims to increase the total health expenditure to 2.5 per cent of Gross Domestic Product (GDP) by 2025 from the current 1.15 per cent, according to Mr J P Nadda, Minister of Health and Family Welfare.

EESL initiatives save 3,700 kWh energy


Initiatives taken by the Energy Efficiency Services (EESL) have resulted in energy savings of 37 billion kWh and reduction in greenhouse gas (GHG) emissions by 30 million tonnes.

85% rural areas connected under PMGSY


The Government of India has succeeded in providing road connectivity to 85 per cent of the 178,184 eligible rural habitations in the country under its Pradhan Mantri Gram Sadak Yojana (PMGSY) since its launch in 2014.

Biz confidence rises in October-December: CII


India has reached 59.7 on the CII Business Confidence Index (BCI) between October-December 2017, as against 58.3 between July-September 2017, thereby indicating an improvement in perception about the overall economic condition.

Ad spending in India to grow 12.1% in 2018: Magna report


Advertising expenditure in India is forecasted to grow 12.1 per cent to reach US$ 10.6 billion in 2018, as per an advertising forecast report released by media agency Magna.

Software service export grew 10.3% in 2016-17: RBI


Exports of software services from India increased 10.3 per cent year-on-year to reach US$ 97.1 billion in FY 2016-17, according to the Reserve Bank of India's (RBI) 'Survey on Computer Software & Information Technology Enabled Services Exports: 2016-17'.

Auto sales see all-round growth, up 24% in Nov


The overall sales of the automobiles sector increased 24.05 per cent year-on-year to 1,939,671 units in November 2017, as all the segments within the sector displayed double digits growth, as per data from Society of Indian Automobile Manufacturers (SIAM).

India's cotton output likely to rise 9% in 2017-18


The production of cotton in India is estimated to increase by 9.3 per cent year-on-year to reach 37.7 million bales in FY 2017-18, stated Dr Kavita Gupta, Chairperson, Cotton Advisory Board (CAB) of India.

India Inc's Nov M&A deal tally grows 55% to USD 3 bn'


The Merger and Acquisition (M&A) activity of India Inc increased 55 per cent year-on-year to US$ 3.2 billion with 39 transactions in November 2017, as per a report by Grant Thornton.