India Positive - September 28, 2018
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Indian economy is expected to grow at 7.3 per cent in 2018 as its robust growth will continue on the back of high domestic consumption and rising exports, according to the Asian Development Outlook (ADO) 2018.
Fitch Ratings raised India’s growth estimate to 7.8 per cent for 2018-19, from the 7.4 per cent projected earlier.
Government of India's vision of 'healthcare for all' is transforming into reality with the launch of the world's largest fully government-aided health insurance program, Pradhan Mantri Jan Arogya Yojana (PMJAY), according to Mr Rajiv Kumar, Vice Chairman, Niti Aayog.
India's rank in Economic Freedom index has improved to 96 in 2018 from 98 in 2017, according to a report jointly published by Centre for Civil Society and Fraser Institute, Canada.
The Government of India has approved a financial assistance of Rs 8,606 crore (US$ 1.18 billion) for 60 infrastructure projects in implementation stage under Border Infrastructure and Management (BIM) scheme to meet the special development needs of people living in border areas.
India is expected to attract US$ 100 billion of FDI inflows annually by 2022, according to Mr D K Aggarwal, Vice President, PHD Chamber of Commerce and Industry.
An EU-India innovation platform that aims to increase interaction between innovators, start-ups and incubators from both sides is going to be launched on October 10, 2018, according to Mr Tomasz Kozlowski, Ambassador of EU to India and Bhutan.
Energy savings in India exceeded the target by 30 per cent and reached 8.67 million tonnes of oil equivalent (MTOE) during the first phase of the energy conservation scheme, Perform, Achieve and Trade (PAT), according to Mr R K Singh, Minister of State (Independent Charge) for Power, Government of India.
FDI in India's food processing sector has surpassed US$ 1 billion mark during the current year, according to Ms Harsimrat Kaur Badal, Minister of Food Processing Industries, Government of India.
Foreign Direct Investment (FDI) in telecommunication sector has increased nearly five times to US$ 6.2 billion in 2017-18 from US$ 1.3 billion in 2015-16, and is further expected to reach US$ 100 billion in 2022, according to Mr Manoj Sinha, Minister of State (Independent Charge) for Communication, Government of India.
Indian visitors to the US are expected to increase 10 per cent in 2018, according to Mr Chritopher L Thompson, President and CEO, Brand USA.
Manufacturing sector of India recorded a median gross salary of Rs 230.9 per hour (US$ 3.18 per hour) in 2017, which was 5.2 per cent higher than the overall gross median salary of the country, according to the Monster Salary Index (MSI) report.
India's economy continues on robust growth path: ADB
Indian economy is expected to grow at 7.3 per cent in 2018 as its robust growth will continue on the back of high domestic consumption and rising exports, according to the Asian Development Outlook (ADO) 2018.
Fitch ups India's growth forecast to 7.8% for FY19
Fitch Ratings raised India’s growth estimate to 7.8 per cent for 2018-19, from the 7.4 per cent projected earlier.
Healthcare for all becomes reality with launch of PMJAY: Niti Aayog
Government of India's vision of 'healthcare for all' is transforming into reality with the launch of the world's largest fully government-aided health insurance program, Pradhan Mantri Jan Arogya Yojana (PMJAY), according to Mr Rajiv Kumar, Vice Chairman, Niti Aayog.
India ranks 96th on Economic Freedom Index; HK, Singapore retain top spot
India's rank in Economic Freedom index has improved to 96 in 2018 from 98 in 2017, according to a report jointly published by Centre for Civil Society and Fraser Institute, Canada.
Centre approves Rs 8,606 crore for border infrastructure and management
The Government of India has approved a financial assistance of Rs 8,606 crore (US$ 1.18 billion) for 60 infrastructure projects in implementation stage under Border Infrastructure and Management (BIM) scheme to meet the special development needs of people living in border areas.
India to be USD 100 bn FDI destination by 2022: PHD Chamber
India is expected to attract US$ 100 billion of FDI inflows annually by 2022, according to Mr D K Aggarwal, Vice President, PHD Chamber of Commerce and Industry.
EU-India innovation platform to be launched on Oct 10: EU envoy
An EU-India innovation platform that aims to increase interaction between innovators, start-ups and incubators from both sides is going to be launched on October 10, 2018, according to Mr Tomasz Kozlowski, Ambassador of EU to India and Bhutan.
Energy savings exceed 30% of target under PAT scheme: Power Minister
Energy savings in India exceeded the target by 30 per cent and reached 8.67 million tonnes of oil equivalent (MTOE) during the first phase of the energy conservation scheme, Perform, Achieve and Trade (PAT), according to Mr R K Singh, Minister of State (Independent Charge) for Power, Government of India.
FDI in food processing touches USD 1-bn mark this year: Badal
FDI in India's food processing sector has surpassed US$ 1 billion mark during the current year, according to Ms Harsimrat Kaur Badal, Minister of Food Processing Industries, Government of India.
FDI in telecom sees 5-fold rise in 3 yrs; new policy aims $100 bn investment by 2022: Sinha
Foreign Direct Investment (FDI) in telecommunication sector has increased nearly five times to US$ 6.2 billion in 2017-18 from US$ 1.3 billion in 2015-16, and is further expected to reach US$ 100 billion in 2022, according to Mr Manoj Sinha, Minister of State (Independent Charge) for Communication, Government of India.
US eyes up to 10 pc growth in number of visitors from India in 2018
Indian visitors to the US are expected to increase 10 per cent in 2018, according to Mr Chritopher L Thompson, President and CEO, Brand USA.
Pay in manufacturing 5.2% higher than India's median salary
Manufacturing sector of India recorded a median gross salary of Rs 230.9 per hour (US$ 3.18 per hour) in 2017, which was 5.2 per cent higher than the overall gross median salary of the country, according to the Monster Salary Index (MSI) report.
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