Economy / IBTimes
India's total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW, as of December 2024, from 180.80 GW in December 2023, according to a statement issued by the Union Ministry of New and Renewable Energy (MNRE)
The conditions are turning favourable for rate cuts in India and the Reserve Bank of India's (RBI) easing cycle is likely to begin from February.
The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and GST collections suggesting a recovery is already underway, according to a Bank of Baroda report released on Saturday.
The Supreme Court on Friday stayed the Goods and Services Tax (GST) show-cause notices, issued to several online gaming companies to the tune of Rs 1.12 lakh crore, providing temporary relief to the sector.
Union Minister of Steel and Heavy Industries H.D. Kumaraswamy will launch 'PLI scheme 1.1' for the steel industry and call for applications at an event scheduled to be held at Vigyan Bhavan
India's rural poverty ratio has registered a dramatic decline to 4.86 per cent in the financial year 2023-24 from 25.7 per cent in 2011-12 while urban poverty has fallen to 4.09 per cent from 4.6 per cent during this period
In order to further empower micro, small and medium enterprises (MSMEs) and ensure ease of doing business, there is a need to establish integrated infrastructure townships and universities to promote skill development and entrepreneurship training as well as to foster growth within the sector.
The Karnataka Pradesh Congress Committee (KPCC) on Friday paid tributes to former Prime Minister Manmohan Singh at a condolence meeting organised at the CPED grounds in his honour.
The healthcare sector in India is expected to reach $320 billion by 2028, even as the country's pharmaceuticals, healthcare, and biotechnology industries continue to evolve in response to global demands.
Russian President Vladimir Putin on Thursday once again acknowledged India's growing economic prowess while highlighting his government's continued efforts to keep the overall economic situation in the country normal and stable despite the long and ongoing conflict with Ukraine.
Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.