India Positive - May 31, 2019
- June 1, 2019
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India's GDP is expected to grow 7.1 per cent in FY20, according to survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).
India has jumped up one place to rank as the world's 43rd most competitive economy with the support of its robust economic growth, a large labour force and a huge market size, according to the IMD World Competitiveness Rankings 2019.
A total of 541 start-ups in India have been exempted from angel tax so far, according to Mr Ramesh Abhishek, Secretary of Department for Promotion of Industry and Internal Trade (DPIIT), Government of India.
World's top hedge fund managers present at the Hong Kong Sohn Conference were bullish on the Indian banking sector, which is expected to benefit from a rising middle class in the country.
Steel demand in India is expected to grow around 7 per cent in FY20.
Indians are the 10th largest investor in Dubai's gold sector, according to a report by the Department of Economic Development (DED), Dubai.
Indian cement industry experienced double digit growth of 12-13 per cent in FY19, the first time since FY10.
Telangana will be the first state in India to have a blockchain district with various subsidies and incentives for start-ups and companies to help it become India's blockchain capital, according to its draft Blockchain Policy.
India's power production is expected to grow by 5-6 per cent in FY20, on the back of increased demand from newly electrified households, as per a report by Care Ratings.
The Hindon airport, Delhi's second airport, is expected to commence regional air connectivity scheme flights by the end of June 2019.
India's GDP growth forecast at 7.1% for FY20
India's GDP is expected to grow 7.1 per cent in FY20, according to survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).
India moves up to 43rd place on competitiveness; Singapore reaches top
India has jumped up one place to rank as the world's 43rd most competitive economy with the support of its robust economic growth, a large labour force and a huge market size, according to the IMD World Competitiveness Rankings 2019.
541 start-ups got angel tax exemption so far, says industry secretary
A total of 541 start-ups in India have been exempted from angel tax so far, according to Mr Ramesh Abhishek, Secretary of Department for Promotion of Industry and Internal Trade (DPIIT), Government of India.
Top hedge funds favour India, little love for China
World's top hedge fund managers present at the Hong Kong Sohn Conference were bullish on the Indian banking sector, which is expected to benefit from a rising middle class in the country.
Steel demand likely to grow 7% this fiscal, say experts
Steel demand in India is expected to grow around 7 per cent in FY20.
Indians lead top 10 nationalities investing in Dubai's gold sector
Indians are the 10th largest investor in Dubai's gold sector, according to a report by the Department of Economic Development (DED), Dubai.
Cement volume growth at 9-year high as govt schemes boost housing demand
Indian cement industry experienced double digit growth of 12-13 per cent in FY19, the first time since FY10.
T'gana woos blockchain firms, startups, offers incentives
Telangana will be the first state in India to have a blockchain district with various subsidies and incentives for start-ups and companies to help it become India's blockchain capital, according to its draft Blockchain Policy.
India's power production to grow 5-6% in FY20 on new household demand
India's power production is expected to grow by 5-6 per cent in FY20, on the back of increased demand from newly electrified households, as per a report by Care Ratings.
Delhi’s second airport likely to begin operations by June end: Report
The Hindon airport, Delhi's second airport, is expected to commence regional air connectivity scheme flights by the end of June 2019.
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