India News

India's Quick Commerce Sector Set to Boom: 5,500 Stores and $40 Billion Orders by 2027-28

India's quick commerce sector is set for significant growth, with projections of 5,500 dark stores and $40 billion in orders by 2027-28. Major players like Blinkit, Zepto, and Swig...

India Aims for a Milestone: Registering 10,000 GI Products by 2030

India aims to significantly increase its registered Geographical Indication (GI) products from 605 to 10,000 by 2030, as announced by Commerce and Industry Minister Piyush Goyal. T...

India Emerges as a Global Manufacturing Powerhouse for Top International Brands

India has become a key manufacturing base for top international brands, marking a significant shift in the global value chain. This transformation, supported by government policies...

India's Gas Consumption Surges by 11% in 2024 Amidst Soaring LNG Imports

In 2024, India witnessed an 11% surge in gas consumption, driven by a spike in LNG imports. This growth, fueled by industrial, residential, and transport sectors, aligns with India...

India Revises Import Strategy Amid Trump's Return to the White House

As Donald Trump returns to the White House, India is reviewing its import strategy to potentially source more goods from the US, aiming to improve trade balance. With a significant...

India's Digital Transformation: WEF’s C4IR India Unveils 6-Year Milestone Report

The World Economic Forum's C4IR India has released a 6-year impact report, showcasing achievements in AI, healthcare, and urban development, aiming for inclusive growth and a digit...

India's Telecom Department Intensifies Crackdown on International Fraud Calls

India's Telecom Department has significantly reduced international fraud calls by 70% using advanced technology and AI, despite challenges from fraudsters using VPNs. Collaborative...

India's Economic Climate Beckons Private Investors: A Comprehensive Survey Analysis

A CII survey reveals India's economic environment as highly conducive for private investments, with 97% of firms likely to increase employment in 2024-25 and 2025-26, and 70% plann...

India Aims to Become Global Innovation Hub with Proposed R&D PLI Scheme in Budget 2025-26

Deloitte India proposes a PLI scheme for R&D in Budget 2025-26 to attract foreign companies and make India a global innovation hub. This initiative aims to foster a conducive envir...

India's Forex Reserves Dip to $625 Billion: A 10-Month Low Amidst Rupee Volatility

India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...

India Aims for a $250 Billion Engineering Export Boom by 2030, Commerce Secretary Reveals

India aims to boost its engineering exports to $250 billion by 2030, focusing on infrastructure, innovation, and global expansion, as announced by Commerce Secretary Sunil Barthwal...

India Shines as a Beacon for Private Investments Amid Global Challenges: CII Survey Insights

A CII survey highlights India's conducive economic environment for private investments, with promising employment and investment trends. Early results show 97% of firms likely to i...

India Aims to Lead Global Automobile Industry Within Five Years, Says Minister Gadkari

Union Minister Nitin Gadkari predicts India will lead the global automobile industry within five years, highlighting its significant job creation and economic impact. The industry ...

Reviving India's Economy: A Call to Boost Demand and Ignite Investment Growth

India's economy is poised for a rebound, with the RBI urging steps to boost demand and investment. The report highlights the potential in green energy and cautious optimism about i...

India's Forex Reserves Hit a 10-Month Low Amidst Rupee's Steepest Weekly Drop in 18 Months

India's forex reserves have fallen to a 10-month low of $625.9 billion, with the rupee experiencing its steepest weekly drop in 18 months. The decline is attributed to RBI's dollar...

India's Forex Reserves Witness a Sharp Decline: A Closer Look at the $8.714 Billion Drop

India's foreign exchange reserves have dropped by $8.714 billion to $625.871 billion, as reported by the RBI. The decline is attributed to revaluation and the RBI's interventions i...

India's Business Confidence Skyrockets in Q3: Insights from the NCAER-NSE Survey

India's Business Confidence Index (BCI) sees a significant rise to 138.4 in Q3 of FY 2024-25, driven by increased optimism in economic conditions, financial health, and investment ...

India Poised to Remain the World's Fastest-Growing Major Economy, Says World Bank

The World Bank forecasts India's economy to grow at 6.5% this year, maintaining its position as the fastest-growing major economy. Despite global challenges, steady expansion in se...

India's Green Investment Boom: A 5x Surge to Rs 31 Lakh Crore by 2030

India anticipates a five-fold increase in green investments to Rs 31 lakh crore by 2030, crucial for achieving net-zero goals. Significant investments are expected in renewable ene...

India Achieves Breakthrough with 'Bhargavastra': First-Ever Counter-Drone Micro Missiles Tested Successfully

India has successfully tested its first domestically developed micro-missile system, 'Bhargavastra', designed to counter swarm drone threats. This system demonstrates a significant...

India's Historical Leap Towards Becoming a Developed Nation by 2047: Insights from ITC Chief Sanjiv Puri

ITC Chairman Sanjiv Puri highlights India's transformative reforms and strong macro fundamentals as key drivers towards becoming a developed nation by 2047. With a focus on global ...

India's Direct Tax Revenue Soars by 20%, Reaching Rs 21 Lakh Crore Milestone

India's direct tax collections have surged by 20% to Rs 20.6 lakh crore by January 12, with non-corporate taxes leading the growth. The government remains on track to meet its fisc...

India's Business Confidence Soars: A Significant Uptick in Q3 of 2024-25

India's business confidence has seen a significant improvement in the third quarter of 2024-25, with the Business Confidence Index rising to 138.4, up from 134.3 in the previous qu...

India's Direct Tax Revenue Surges by 16%, Reaching Rs 16.90 Lakh Crore in FY25

India's net direct tax collection has grown by 15.88% to approximately Rs 16.90 lakh crore in FY25, with significant contributions from both corporate and non-corporate taxes. The ...

India Joins Elite Top 25 Global Arms Exporters, Nirmala Sitharaman Reveals

India has achieved a significant milestone by becoming one of the top 25 arms exporters globally, as announced by Union Finance Minister Nirmala Sitharaman. This marks a substantia...

India's Strategic Infrastructure Investments Set to Fuel Economic Growth Through FY 2026

The Union government's infrastructure investments in railways, defence, power, and data centres are expected to drive India's economic growth into FY 2026 and beyond, with the upco...

India Shatters Records with 30 GW Renewable Energy Surge in 2024

India achieved a record 30 GW renewable energy capacity addition in 2024, a 113% increase from 2023, moving closer to its 500 GW target by 2030. This growth highlights India's comm...

India Leads Asia-Pacific in PE Deal Volumes: A New Era for Healthcare Investments

India has become the largest market for private equity (PE) deal volumes in the Asia-Pacific region, with a significant focus on healthcare investments. The country's resilience an...

Unprecedented Growth: India's Microfinance Sector Skyrockets Over 2,100% in 12 Years

India's microfinance sector has seen a phenomenal growth of over 2,100% in the past 12 years, serving millions and contributing significantly to the GDP. Challenges include funding...

India Climbs to Second Place in Global Gold Purchases, Adds 8 Tons to Reserves

India has become the second-largest global gold buyer, adding 8 tons to its reserves in November 2024, as per the World Gold Council. This move, part of a global trend among centra...

India Surpasses Global Peers to Become Second-Largest Gold Buyer in 2024, Trailing Only Poland

In 2024, global central banks increased their gold reserves, with India becoming the second-largest buyer after Poland. This trend underscores the growing preference for gold as a ...

India's IT Secretary Assures No Immediate Cuts on Laptop Imports, Eyes Local Production Growth

The Indian government, led by IT Secretary S Krishnan, has no immediate plans to cut laptop imports, focusing instead on boosting local production and enhancing the semiconductor i...