India Positive - April 06, 2018
- April 13, 2018
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The Reserve Bank of India has projected the year-on-year economic growth rate to 7.4 per cent in 2018-19 from 6.6 per cent in 2017-18, supported by investment activities in exports and expansion of capital goods production.
India's crude steel production surpassed that of Japan in February 2018, making India the second largest steel producer in the world, according to Steel Users Federation of India (Sufi).
India has become world's second largest producer of mobile handsets in terms of volume with an 11 per cent share of global mobile production in 2017, according to Indian Cellular Association.
Indian car makers Maruti Suzuki, Hyundai, Tata Motors and Toyota reported sales growth of 11.7 per cent in March 2018, supported by boost in semi-urban and rural demand.
The output of eight core sectors of Indian economy increased 5.3 per cent year-on-year in February 2018 on the back of high growth in cement and steel production.
India is expected to achieve 60 GW of wind power generation capacity by 2020-21 with 34 GW of capacity expected to be added in the next three years, according to the Indian Wind Turbine Manufacturers Association (IWTMA).
Construction of National Highways advanced 20 per cent year-on-year to 9,829 kilometres in 2017-18, according to Mr Nitin Gadkari, Minister for Road Transport and Highways, Government of India.
India's jewellery demand is expected to rise 14 per cent in 2018 to 573.3 tonnes and be a growth driver for global gold and jewellery demand, according to Metal Focus.
The Government of India awarded highway construction projects worth Rs 1.2 lakh crore (US$ 18.45 billion) for length of 7,400 km in 2017-18, registering a 70 per cent year-on-year increase.
Atal Pension Yojana (APY) witnessed an addition of over 4.8 million subscribers in FY18, taking the total subscriber base to nearly 9.7 million at the end of the fiscal year.
The Government of India is working to achieve 1 per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025 for which the Ministry of Tourism is implementing two flagship schemes and has also launched social awareness campaigns.
GDP growth to strengthen to 7.4% in FY19: RBI
The Reserve Bank of India has projected the year-on-year economic growth rate to 7.4 per cent in 2018-19 from 6.6 per cent in 2017-18, supported by investment activities in exports and expansion of capital goods production.
India pips Japan to become 2nd largest crude steel maker
India's crude steel production surpassed that of Japan in February 2018, making India the second largest steel producer in the world, according to Steel Users Federation of India (Sufi).
India is now world's second largest mobile phone producer: ICA
India has become world's second largest producer of mobile handsets in terms of volume with an 11 per cent share of global mobile production in 2017, according to Indian Cellular Association.
Car sales in March rise 12% on strong rural demand
Indian car makers Maruti Suzuki, Hyundai, Tata Motors and Toyota reported sales growth of 11.7 per cent in March 2018, supported by boost in semi-urban and rural demand.
Cement, steel push core sector growth to 5.3% in February
The output of eight core sectors of Indian economy increased 5.3 per cent year-on-year in February 2018 on the back of high growth in cement and steel production.
India to achieve 60 GW wind capacity before 2022, say manufacturers
India is expected to achieve 60 GW of wind power generation capacity by 2020-21 with 34 GW of capacity expected to be added in the next three years, according to the Indian Wind Turbine Manufacturers Association (IWTMA).
Twenty per cent growth recorded in Construction of National Highways
Construction of National Highways advanced 20 per cent year-on-year to 9,829 kilometres in 2017-18, according to Mr Nitin Gadkari, Minister for Road Transport and Highways, Government of India.
India, China to drive global demand for gold, jewellery: Metal Focus
India's jewellery demand is expected to rise 14 per cent in 2018 to 573.3 tonnes and be a growth driver for global gold and jewellery demand, according to Metal Focus.
Highway project award surges 70% in FY18: Report
The Government of India awarded highway construction projects worth Rs 1.2 lakh crore (US$ 18.45 billion) for length of 7,400 km in 2017-18, registering a 70 per cent year-on-year increase.
APY subscriber base touches over 97 lakh by end of FY18: PFRDA
Atal Pension Yojana (APY) witnessed an addition of over 4.8 million subscribers in FY18, taking the total subscriber base to nearly 9.7 million at the end of the fiscal year.
Government targets to increase India’s share of Foreign Tourist Arrivals to 1% in world’s International tourist arrivals by 2020 and 2% by 2025: Tourism Minister
The Government of India is working to achieve 1 per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025 for which the Ministry of Tourism is implementing two flagship schemes and has also launched social awareness campaigns.
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