Tag: Indian Economy
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Global Business Summit 2024: India Aims To Become A $30 Trillion Economy
The Global Business Summit 2024, organized by ET Now, is currently taking place in Delhi, India. The event began on February 9th and will continue until February 10th. The summit aims to bring together global leaders, business tycoons, and policymakers to discuss pressing issues in politics, economy, and diplomacy. Prime Minister Narendra Modi delivered a ... -
India’s Mutual Fund Industry Crosses ₹50 Lakh Crore Milestone
India’s mutual fund industry has hit a big milestone! For the first time ever, in December 2023, the total money managed by these funds crossed Rs 50 lakh crore. This is a huge leap from Rs 8 lakh crore in 2013, showing that in just 10 years, the industry grew more than six times. Zerodha, ... -
How Will India Become World’s 2nd-Largest Economy, Surpassing US?
World’s 2nd largest bank, Goldman Sachs has reported, India is projected to become the world’s second-largest economy by 2075, surpassing not only Japan and Germany but also the United States. Currently, India is the fifth-largest economy globally, following Germany, Japan, China, and the US. Goldman Sachs highlights innovation, technology, higher capital investment, and rising worker ... -
India drops two spots in UN’s Human Development Index
India drops two spots: As per a recent report by UNDP, India slipped two ranks to 131 in the Human Development Index India slipped two spots on the 2020 Human Development Index to 131 among 189 countries worldwide. As per a report released by the United Nations Development Programme (UNDP) on Tuesday, Asia’s third-largest economy ... -
New farm bills could transform India’s agriculture system
The Modi government last month passed the three controversial farm reform Bills amid widespread public protests by farmers and opposition leaders against the move. While one section of society welcomed the amendments calling it a historic step for India to alter global food trading, others expressed concerns that it will create hurdles in the livelihoods ... -
Economic recovery shows green signals with rise in GST collection, manufacturing
In a much-needed relief for the Union Government, economic activities in the country are picking up pace in the post-pandemic recovery process. Key economic indicators such as GST collections, manufacturing activity and auto sales have shown signs of mild recovery in the month of September. In a major development, Goods & Service Tax (GST) collected ... -
Indian oil Stockpiles to take months to clear
India might have discovered a self reliance formula to recover from the lockdown but its oil refineries are dwindling thumbs; wondering how to traverse a rock bottom low consumption. Stockpiles continue to swell in a demand that has gone back to stone age. According to Bloomberg reports, operations across 23 refineries nationwide are reported to ... -
How many companies registered to do business during the lockdown?
An analysis by How India Lives reveals that the number of company registrations started falling just before the pandemic hit. One good indicator of the health of an economy is the number of new companies that have come up. Entrepreneurship thrives when there are positive projections about the economy and people are ready to invest ... -
OTT a new face of Indian cinema, posing threat to cinema hall owners
As the cinema halls continue to be closed amid lockdown 4.0 and delayed movie releases, Indian entertainment sector is facing huge losses. The cinema hall owners fear that digital platforms might take over the hall going trend and make a serious dent once screens resume operations. Big budget Bollywood movies for the year like ‘Shakuntala ... -
Bloomberg survey forecast: Indian economy will shrink by 0.4%
As per a recent survey, the economists predicted that coronavirus curtailment measures would reduce India’s economic growth by 0.4% for the fiscal year 2020-21. The forecast was released based on the survey conducted by the Bloomberg News. As part of the survey, in which views of 19 economist were recorded from May 6 to 11, ...