India Positive - December 22, 2017
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Indian economy has the potential to grow at 8 per cent per annum for next 20 years on the back of new reforms and investment promotion, according to Mr Sebastian Vergara, Economic Affairs Officer at United Nations.
India has received the biggest share of foreign funds flowing to the emerging markets in 2017 owing to an improvement in earnings and good economic outlook, as per data from Bloomberg.
India has bright growth prospects for FY20 and beyond with FY20 GDP growth estimated at 7.6 per cent, according to a report by HSBC.
The mutual funds (MF) total assets under management (AUM) increased 40 per cent year-on-year to hit a record Rs 23 lakh crore (US$ 358.78 billion) at the end of November 2017.
Innovation centres are quickly being set up in India by organisations around the world, backed by the Government of India's move towards a digital economy and plenty of digital talent, as per a report by Capgemini's Digital Transformation Institute.
The mobile phone industry in India expects that the Government of India's boost to production of battery chargers will result in setting up of 365 factories, thereby generating 800,000 jobs by 2025, as per the Indian Cellular Association.
A total of 153 initial public offers (IPOs) were issued in the Indian stock markets in 2017, which raised a total of US$ 11.6 billion, as per a report by EY.
Mr Manoj Sinha, Minister of Communications, Government of India, launched project DARPAN - digital advancement of rural post office for a new India, for improving the quality and adding value to services and achieving financial inclusion for the unbanked rural population.
Indian economy is expected to reach US$ 6.5-7 trillion by 2030 with a per capita income of US$ 4,000, according to Mr Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), Government of India.
The digital payments system in India has evolved the most among 25 countries with the IMPS being the only system at level 5 in the Faster Payments Innovation Index (FPII), according to a report by FIS.
Over 280 million LED bulbs were distributed to consumers in India by Energy Efficiency Services Limited (EESL) under Unnati Jyoti by Affordable LEDs for All (UJALA) as on December 19, 2017 and 524.3 million LED bulbs were sold by private players till October 2017.
Energy Efficiency Services Limited (EESL), under Ministry for Power and New and Renewable Energy, Government of India, is planning to procure 10,000 e-vehicles via demand aggregation, and has already awarded contracts to Tata Motors Ltd for 250 e-cars and to Mahindra and Mahindra for 150 e-cars.
India can grow at 8 pc for next 20 years: UN expert
Indian economy has the potential to grow at 8 per cent per annum for next 20 years on the back of new reforms and investment promotion, according to Mr Sebastian Vergara, Economic Affairs Officer at United Nations.
India attracts biggest share of foreign flows
India has received the biggest share of foreign funds flowing to the emerging markets in 2017 owing to an improvement in earnings and good economic outlook, as per data from Bloomberg.
Brighter growth prospects for India by FY20 and beyond: HSBC
India has bright growth prospects for FY20 and beyond with FY20 GDP growth estimated at 7.6 per cent, according to a report by HSBC.
2017: Record year for domestic MF industry
The mutual funds (MF) total assets under management (AUM) increased 40 per cent year-on-year to hit a record Rs 23 lakh crore (US$ 358.78 billion) at the end of November 2017.
Innovation hubs emerge in India, Singapore: Capgemini report
Innovation centres are quickly being set up in India by organisations around the world, backed by the Government of India's move towards a digital economy and plenty of digital talent, as per a report by Capgemini's Digital Transformation Institute.
Around 356 mobile charger factories to be set up in India by 2025
The mobile phone industry in India expects that the Government of India's boost to production of battery chargers will result in setting up of 365 factories, thereby generating 800,000 jobs by 2025, as per the Indian Cellular Association.
153 IPOs hit Indian mkt; USD 11.6 bn raised in 2017: Report
A total of 153 initial public offers (IPOs) were issued in the Indian stock markets in 2017, which raised a total of US$ 11.6 billion, as per a report by EY.
Darpan Launched For Financial Inclusion Of Rural Population
Mr Manoj Sinha, Minister of Communications, Government of India, launched project DARPAN - digital advancement of rural post office for a new India, for improving the quality and adding value to services and achieving financial inclusion for the unbanked rural population.
India likely to be $6.5-7 tn economy by 2030: Debroy
Indian economy is expected to reach US$ 6.5-7 trillion by 2030 with a per capita income of US$ 4,000, according to Mr Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), Government of India.
India ahead of US, China, Japan in digital payments, says report
The digital payments system in India has evolved the most among 25 countries with the IMPS being the only system at level 5 in the Faster Payments Innovation Index (FPII), according to a report by FIS.
Over 28 crore LED bulbs distributed under UJALA Scheme till 19th December, 2017 and 52.43 crore sold by private sector till October 2017: Shri R.K. Singh
Over 280 million LED bulbs were distributed to consumers in India by Energy Efficiency Services Limited (EESL) under Unnati Jyoti by Affordable LEDs for All (UJALA) as on December 19, 2017 and 524.3 million LED bulbs were sold by private players till October 2017.
Government plans to procure 10000 E-Vehicles: Shri R.K. Singh
Energy Efficiency Services Limited (EESL), under Ministry for Power and New and Renewable Energy, Government of India, is planning to procure 10,000 e-vehicles via demand aggregation, and has already awarded contracts to Tata Motors Ltd for 250 e-cars and to Mahindra and Mahindra for 150 e-cars.
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