India Positive - April 12, 2019
- November 30, -0001
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India is expected to become world's third largest economy by 2030 with a GDP of US$ 10 trillion on the back of increased consumption and investment, according to Mr Arun Jaitley, Minister of Finance and Corporate Affairs, Government of India.
The Government of India has met its revised fiscal deficit target of 3.4 per cent for FY19 with the help of expenditure savings and rollover of fuel subsidies.
An app named Jagruk has been developed by the National Informatics Centre (NIC), Government of India for accessing real time consumer feedback on quality and availability of power in the country.
India was the world's highest recipient of remittances in 2018 with its diaspora sending back US$ 79 billion, according to the World Bank's Migration and Development Brief.
FY20 has provided the best start for Indian primary markets in the past three years as initial public offers (IPOs) of Metropolis Healthcare and Polycab India witnessed strong response and S&P BSE Sensex and Nifty50 reached record highs in the first week.
Micro, small and medium enterprises (MSMEs) in India have the potential to create 10 million new jobs in the coming four to five years, according to a report by Nomura Research Institute.
Net inflows into Indian equity mutual funds have more than doubled month-on-month in March 2019 to reach Rs 11,756 crore (US$ 1.69 billion), according to Association of Mutual Funds of India (AMFI).
India now has 1,500 railway stations with free Wi-Fi access, according to a report by Asian News International (ANI).
Air conditioner (AC) market in India expected to witness double digit growth during the summer season and grow 14-15 per cent in FY20.
Total assets under management (AUM) of Indian exchange-traded funds (ETFs) are expected to increase by 12 times from the current level to US$ 200 billion by 2029 in the next 10 years, according to Morgan Stanley.
Over 80 million customers in India have opened digital gold accounts between FY13-19.
Over 5.51 million new voters have been added in Uttar Pradesh the since last general election, out of which 1.68 million are in the age group of 18-19 years, according to National Election Planner.
India to be third largest economy by 2030: Jaitley
India is expected to become world's third largest economy by 2030 with a GDP of US$ 10 trillion on the back of increased consumption and investment, according to Mr Arun Jaitley, Minister of Finance and Corporate Affairs, Government of India.
Govt meets fiscal deficit target of 3.4 pc for FY'19
The Government of India has met its revised fiscal deficit target of 3.4 per cent for FY19 with the help of expenditure savings and rollover of fuel subsidies.
India develops pan nation electricity mobile app for ensuring 24X7 supply
An app named Jagruk has been developed by the National Informatics Centre (NIC), Government of India for accessing real time consumer feedback on quality and availability of power in the country.
India highest recipient of remittances at USD 79 billion in 2018: World Bank
India was the world's highest recipient of remittances in 2018 with its diaspora sending back US$ 79 billion, according to the World Bank's Migration and Development Brief.
Best start to financial year for the primary market in three years
FY20 has provided the best start for Indian primary markets in the past three years as initial public offers (IPOs) of Metropolis Healthcare and Polycab India witnessed strong response and S&P BSE Sensex and Nifty50 reached record highs in the first week.
Indian MSMEs can create 1 crore jobs in 4-5 years: Report
Micro, small and medium enterprises (MSMEs) in India have the potential to create 10 million new jobs in the coming four to five years, according to a report by Nomura Research Institute.
Net inflows into equity mutual funds more than doubles in March: Amfi
Net inflows into Indian equity mutual funds have more than doubled month-on-month in March 2019 to reach Rs 11,756 crore (US$ 1.69 billion), according to Association of Mutual Funds of India (AMFI).
1,500 railway stations in India are now Wi-Fi enabled
India now has 1,500 railway stations with free Wi-Fi access, according to a report by Asian News International (ANI).
AC makers expect a double-digit sales growth this summer
Air conditioner (AC) market in India expected to witness double digit growth during the summer season and grow 14-15 per cent in FY20.
Morgan Stanley estimates ETF assets will go up 12 times in 10 years
Total assets under management (AUM) of Indian exchange-traded funds (ETFs) are expected to increase by 12 times from the current level to US$ 200 billion by 2029 in the next 10 years, according to Morgan Stanley.
Digital gold accounts cross 80 million, more than twice demat accounts
Over 80 million customers in India have opened digital gold accounts between FY13-19.
More than 55 lakh new electors added in Uttar Pradesh since last General Election, out of which 16.75 lakh in the age group of 18-19 years
Over 5.51 million new voters have been added in Uttar Pradesh the since last general election, out of which 1.68 million are in the age group of 18-19 years, according to National Election Planner.
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