India Positive - June 7, 2019
- November 30, -0001
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India is forecasted to overtake the UK to become the world's fifth largest economy in 2019 and surpass Japan to become the second largest economy in Asia-Pacific (APAC) region by 2025, according to a report by IHS Markit.
India has the second largest share of Bleisure (business and leisure combined) travellers across 31 countries with 72 per cent Indian travellers extending their business trips in 2018, according to a study by Booking.com.
The World Bank has retained its forecast for the Indian economy's growth rate at 7.5 per cent for the next three years, supported by increasing investments and private consumption.
US technology major Cisco Systems is positive on the growth outlook of its India business and expects it to contribute 10 per cent of its global revenue in the next few years, according to Mr Chuck Robbins, Chief Executive Officer, Cisco Systems.
India and China's bilateral trade is expected to cross US$ 100 billion this year.
Housing sales in seven major Indian cities increased 13 per cent year-on-year between January-March 2019.
Decrease in the repo rate by the Reserve Bank of India (RBI) will help in boosting India’s economy by making loans affordable to micro, small and medium enterprises (MSMEs), exporters and home buyers., according to Mr Piyush Goyal, Minister of Commerce and Industry, Government of India.
India to become 5th largest economy globally this year; 2nd in APAC region by 2025
India is forecasted to overtake the UK to become the world's fifth largest economy in 2019 and surpass Japan to become the second largest economy in Asia-Pacific (APAC) region by 2025, according to a report by IHS Markit.
Indians rank 2nd among Bleisure travellers globally: Study
India has the second largest share of Bleisure (business and leisure combined) travellers across 31 countries with 72 per cent Indian travellers extending their business trips in 2018, according to a study by Booking.com.
Manufacturing PMI hits 3-month high of 52.7, govt sees demand picking up
The Nikkei Purchasing Managers' Index (PMI) for India's manufacturing sector rose to a three-month high of 52.7 in May 2019.India Inc pitches for land and labour reforms to achieve double-digit growth
The Confederation of Indian Industries (CII) has asked the Government of India to undertake reforms in the areas of land, labour and capital to target a 10 per cent GDP growth rate by FY24.World Bank retains India's growth rate for FY19-20 at 7.5 per cent
The World Bank has retained its forecast for the Indian economy's growth rate at 7.5 per cent for the next three years, supported by increasing investments and private consumption.
India may have 88 million 5G connections by 2025: GSMA
India is expected to have 920 million unique mobile subscribers, including 88 million 5G connections by 2025, according to the GSM Association, a global telecom industry body.India biz continues to accelerate, on track to contribute 10 pc of global revenue: Cisco CEO
US technology major Cisco Systems is positive on the growth outlook of its India business and expects it to contribute 10 per cent of its global revenue in the next few years, according to Mr Chuck Robbins, Chief Executive Officer, Cisco Systems.
GST collection crosses Rs 1 trillion for third straight month in May
Goods and services tax (GST) collection in India surpassed Rs 1 trillion (US$ 14.33 billion) for third consecutive month in May 2019.India-China trade to cross USD 100 billion this year: Envoy
India and China's bilateral trade is expected to cross US$ 100 billion this year.
Housing sales up 13 pc in Jan-Mar on stable prices: CBRE
Housing sales in seven major Indian cities increased 13 per cent year-on-year between January-March 2019.
RBI rate cut to make loans affordable to MSMEs, exporters: Goyal
Decrease in the repo rate by the Reserve Bank of India (RBI) will help in boosting India’s economy by making loans affordable to micro, small and medium enterprises (MSMEs), exporters and home buyers., according to Mr Piyush Goyal, Minister of Commerce and Industry, Government of India.
India's forest cover increased by 1% in the last 5 years, similar progress will be possible in the coming five years through people's participation: Union Minister Shri Prakash Javadekar
India’s forest cover has increased by 1 per cent in the last five years the and similar progress could be witnessed in the future, according to Mr Prakash Javadekar, Minister for Information & Broadcasting and Environment, Forests & Climate Change, Government of India.
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