India Positive - October 12, 2018
- October 12, 2018
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The working group constituted by the Ministry of Commerce and Industry has prepared a roadmap towards achieving a US$ 5 trillion economy by 2025.
India will become the growth engine of the world with a rising middle class, low inflation and a conducive environment for investments, according to a statement by Mr Narendra Modi, Prime Minister of India, at the Uttarakhand Investors Summit 2018.
Indian economy is expected to grow 7.3 per cent in FY19 and 7.5 per cent in the coming two years, driven by increased private spending and export growth, according to the World Bank.
India is expected to grow at 7.3 per cent in 2018 and 7.4 per cent in 2019, driven by private consumption and increased investments, according to the International Monetary Fund (IMF).
India's steel production is expected to reach 300 million tonnes (MT) before 2030-31, driven by National Steel Policy 2017, according to Mr Binoy Kumar, Secretary of Ministry of Steel, Government of India.
Export of handcrafted goods from India reached Rs 1.36 trillion (US$ 18.40 billion) in the last four years, according to a statement by Ms Smriti Irani, Minister of Textiles, Government of India.
Personal wealth in India is expected to grow at a compounded annual growth rate (CAGR) of 13 per cent between 2017-22 to reach US$ 5 trillion, as per a report by the Boston Consulting Group (BCG).
A Skill Index for all the districts in India will be developed by the Government of India to promote competition and improve skill development and training performance, according to a statement by Mr Rakesh Ranjan, Adviser, NITI Aayog.
The new Industrial Policy for India's manufacturing sector is ready and will soon be approved by the Union Cabinet, according to Mr Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation, Government of India.
Tractor sales in India are expected to grow 10-12 per cent in FY19, supported by enhanced agriculture cash flows and healthy haulage demand, as per Indian Credit Rating Agency (ICRA).
Vision of a USD 5 Trillion Indian Economy
The working group constituted by the Ministry of Commerce and Industry has prepared a roadmap towards achieving a US$ 5 trillion economy by 2025.
India set to become engine of world's growth, says PM Narendra Modi
India will become the growth engine of the world with a rising middle class, low inflation and a conducive environment for investments, according to a statement by Mr Narendra Modi, Prime Minister of India, at the Uttarakhand Investors Summit 2018.
Growth in India firming up, projected to accelerate further, says World Bank
Indian economy is expected to grow 7.3 per cent in FY19 and 7.5 per cent in the coming two years, driven by increased private spending and export growth, according to the World Bank.
IMF projects India's growth at 7.3 per cent in 2018 & at 7.4 per cent in 2019
India is expected to grow at 7.3 per cent in 2018 and 7.4 per cent in 2019, driven by private consumption and increased investments, according to the International Monetary Fund (IMF).
India may achieve 300 MT steel output ahead of 2030-31: Steel Secy
India's steel production is expected to reach 300 million tonnes (MT) before 2030-31, driven by National Steel Policy 2017, according to Mr Binoy Kumar, Secretary of Ministry of Steel, Government of India.
India exported handcrafted goods worth Rs 1.36 lakh cr in past 4 years: Irani
Export of handcrafted goods from India reached Rs 1.36 trillion (US$ 18.40 billion) in the last four years, according to a statement by Ms Smriti Irani, Minister of Textiles, Government of India.
India's personal wealth may grow at 13% to $5 tn: BCG
Personal wealth in India is expected to grow at a compounded annual growth rate (CAGR) of 13 per cent between 2017-22 to reach US$ 5 trillion, as per a report by the Boston Consulting Group (BCG).
Govt to develop Skill Index for districts: Official
A Skill Index for all the districts in India will be developed by the Government of India to promote competition and improve skill development and training performance, according to a statement by Mr Rakesh Ranjan, Adviser, NITI Aayog.
Proposed new industrial policy to be approved soon: Prabhu
The new Industrial Policy for India's manufacturing sector is ready and will soon be approved by the Union Cabinet, according to Mr Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation, Government of India.
Tractor volume growth expected to be 10-12% this fiscal: Icra
Tractor sales in India are expected to grow 10-12 per cent in FY19, supported by enhanced agriculture cash flows and healthy haulage demand, as per Indian Credit Rating Agency (ICRA).
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