India Positive - February 09, 2018
- November 30, -0001
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Indian market is expected to head in a positive direction with visible signs of recovery, as per investor calls with top companies like Unilever, Colgate-Palmolive and Mondelez International.
The Government of India is planning to come out with a strategy document on increasing the share of exports to 20 per cent of the GDP, according to Mr Suresh Prabhu, Minister of Commerce and Industry.
The Government of India might be able to reduce its fiscal deficit to 3 per cent of GDP by 2019-20, a full year ahead of the target year of 2020-21, according to Mr Subhash Chandra Garg, Secretary, Department of Economic Affairs.
India's Merger and Acquistion (M&A) deal value reached US$ 54.7 billion, with telecommunications, technology and financial services being the top three sectors in deal value, according to a report by global deal-tracking firm Mergermarket.
Demand for gold in India increased 9.1 per cent year-on-year to reach 727 tonnes in 2017, backed by improved economic conditions and consumer sentiment, especially in the rural areas, as per the World Gold Council (WGC).
India has been the fastest growing domestic aviation market in the world for three straight years with a growth of 17.5 per cent in 2017, supported by economic and network expansion, as per a report by the International Air Transport Association (IATA).
India's digital payments are estimated to increase to US$ 1 trillion by 2023, backed by global technology majors boosting infrastructure as aggregators for retail payments, according to Credit Suisse.
The number of people getting connected to internet through smartphones in India is expected to double to 600-650 million by 2020, according to Mr Rajan Anandan, Managing Director of Google India.
The production of crude steel in India increased 6.18 per cent year-on-year to 101.371 million tonnes (MT) between January-December 2017, backed by the Government of India's remedial measures to boost the domestic steel sector.
Ministry of Defence has constituted a 13-member committee that will undertake review of capital acquisition projects above Rs 5 billion (US$ 77.93 million) and present remedial measures and follow-up strategy for such projects.
CEOs of multinational companies reiterate India’s growth story
Indian market is expected to head in a positive direction with visible signs of recovery, as per investor calls with top companies like Unilever, Colgate-Palmolive and Mondelez International.
Govt working on raising share of exports in GDP to 20%: Prabhu
The Government of India is planning to come out with a strategy document on increasing the share of exports to 20 per cent of the GDP, according to Mr Suresh Prabhu, Minister of Commerce and Industry.
India might achieve 3% fiscal deficit target by 2019-20, says economic affairs secy
The Government of India might be able to reduce its fiscal deficit to 3 per cent of GDP by 2019-20, a full year ahead of the target year of 2020-21, according to Mr Subhash Chandra Garg, Secretary, Department of Economic Affairs.
India Inc announced M&A deals worth USD 54.7 bn in 2017: Report
India's Merger and Acquistion (M&A) deal value reached US$ 54.7 billion, with telecommunications, technology and financial services being the top three sectors in deal value, according to a report by global deal-tracking firm Mergermarket.
India’s gold demand rose 9% in 2017 when global demand was at 8-year low: WGC report
Demand for gold in India increased 9.1 per cent year-on-year to reach 727 tonnes in 2017, backed by improved economic conditions and consumer sentiment, especially in the rural areas, as per the World Gold Council (WGC).
'India remains fastest growing domestic aviation mkt in 2017'
India has been the fastest growing domestic aviation market in the world for three straight years with a growth of 17.5 per cent in 2017, supported by economic and network expansion, as per a report by the International Air Transport Association (IATA).
Global firms to push domestic digital payments to $1 trn
India's digital payments are estimated to increase to US$ 1 trillion by 2023, backed by global technology majors boosting infrastructure as aggregators for retail payments, according to Credit Suisse.
'No of people getting connected internet in India to double'
The number of people getting connected to internet through smartphones in India is expected to double to 600-650 million by 2020, according to Mr Rajan Anandan, Managing Director of Google India.
Rise in India’s Country's Crude Steel production
The production of crude steel in India increased 6.18 per cent year-on-year to 101.371 million tonnes (MT) between January-December 2017, backed by the Government of India's remedial measures to boost the domestic steel sector.
New Ministry of Defence committee will push capital projects worth Rs 5 bn
Ministry of Defence has constituted a 13-member committee that will undertake review of capital acquisition projects above Rs 5 billion (US$ 77.93 million) and present remedial measures and follow-up strategy for such projects.
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