India Positive - June 01, 2018
- November 30, -0001
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All macroeconomic parameters in India like growth, inflation and fiscal deficit have improved in the past four years, according to Mr Rajiv Kumar, Vice Chairman, NITI Aayog, Government of India.
Equity investments in Indian microfinance institutions (MFIs) increased 40 per cent year-on-year in 2017-18, as per data from Microfinance Institution Network.
Exports from India are expected to increase 15-20 per cent in 2018-19 to reach US$ 250 billion, according to Federation of Indian Export Organizations (FIEO).
Overall sentiment about the Indian economy is currently positive with a recovery in the investment cycle, according to Mr Ajay Piramal, Chairman, Piramal Enterprises.
Inflow of foreign funds to India reached Rs 14 lakh crore (US$ 206.43 billion) between May 2014 and February 2018, according to Ms Sushma Swaraj, Minister of External Affairs, Government of India.
New Delhi: The India Meteorological Department (IMD) expects 100% rainfall between July 2018 and September 2018 which will boost economic growth and drive higher agricultural output.
Mr Narendra Modi, Prime Minister of India announced that India and Indonesia have agreed to boost their bilateral trade from US$ 18.13 billion in 2017 to US$ 50 billion by 2025.
Construction of another 150,000 affordable houses has been approved by the Ministry of Housing & Urban Affairs under the Pradhan Mantri Awas Yojana (Urban) with an outlay of Rs 7,227 crore (US$ 1.07 billion).
India's coconut cultivation increased to 11,516 fruits per hectare in 2017-18 from 10,122 fruits per hectare in 2013-14, driven by scientific coconut farming methods and new coconut plantations.
The government is working towards having a balanced Regional Comprehensive Economic Partnership (RECP) trade agreement and has also made it a part of its Act East policy, according to Ms Rita Teaotia, Commerce Secretary, Government of India.
Mr Narendra Modi, Prime Minister of India announced that loans worth Rs 6 trillion (US$ 88.47 billion) have been released to 120 million beneficiaries under the Mudra scheme.
Mr Ravi Shankar Prasad, Minister of Information and Technology inaugurated new cloud-enabled National Data Centre which will host all applications of state and central government and will hire 800 professionals in the next one year.
All macroeconomic parameters improved in last 4 years: NITI Aayog
All macroeconomic parameters in India like growth, inflation and fiscal deficit have improved in the past four years, according to Mr Rajiv Kumar, Vice Chairman, NITI Aayog, Government of India.
Microfinance institutions' equity investments see 40% surge
Equity investments in Indian microfinance institutions (MFIs) increased 40 per cent year-on-year in 2017-18, as per data from Microfinance Institution Network.
India's exports may reach USD 350 bn this fiscal: FIEO
Exports from India are expected to increase 15-20 per cent in 2018-19 to reach US$ 250 billion, according to Federation of Indian Export Organizations (FIEO).
Overall economic sentiment is positive in India, says Ajay Piramal
Overall sentiment about the Indian economy is currently positive with a recovery in the investment cycle, according to Mr Ajay Piramal, Chairman, Piramal Enterprises.
India received Rs 14 lakh crore foreign funds in last 4 years
Inflow of foreign funds to India reached Rs 14 lakh crore (US$ 206.43 billion) between May 2014 and February 2018, according to Ms Sushma Swaraj, Minister of External Affairs, Government of India.
IMD forecasts normal monsoon for all of India
New Delhi: The India Meteorological Department (IMD) expects 100% rainfall between July 2018 and September 2018 which will boost economic growth and drive higher agricultural output.
India, Indonesia agree to nearly triple bilateral trade to USD 50 billion
Mr Narendra Modi, Prime Minister of India announced that India and Indonesia have agreed to boost their bilateral trade from US$ 18.13 billion in 2017 to US$ 50 billion by 2025.
1.5 lakh affordable houses sanctioned for urban poor under PMAY(urban)
Construction of another 150,000 affordable houses has been approved by the Ministry of Housing & Urban Affairs under the Pradhan Mantri Awas Yojana (Urban) with an outlay of Rs 7,227 crore (US$ 1.07 billion).
India makes unprecedented progress in coconut cultivation from mid 2014 to 2018 & becomes the leading country in coconut production and productivity
India's coconut cultivation increased to 11,516 fruits per hectare in 2017-18 from 10,122 fruits per hectare in 2013-14, driven by scientific coconut farming methods and new coconut plantations.
India looks forward to balanced RCEP trade pact: Commerce Secy
The government is working towards having a balanced Regional Comprehensive Economic Partnership (RECP) trade agreement and has also made it a part of its Act East policy, according to Ms Rita Teaotia, Commerce Secretary, Government of India.
Banks have disbursed Rs 6 trillion Mudra loans, says PM Narendra Modi
Mr Narendra Modi, Prime Minister of India announced that loans worth Rs 6 trillion (US$ 88.47 billion) have been released to 120 million beneficiaries under the Mudra scheme.
NIC launches new data centre in Bhubaneswar, to hire 800 people pan-India in 1 yr
Mr Ravi Shankar Prasad, Minister of Information and Technology inaugurated new cloud-enabled National Data Centre which will host all applications of state and central government and will hire 800 professionals in the next one year.
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