Currently Browsing: Indian Economy and Industry

The contribution of services sector is not only a prominent factor in the growth of India’s Gross Domestic Product (GDP), but has also attracted significant foreign investment, contributed significantly to exports as well as provided large-scale employment. The share of services sector to Gross Value Added (GVA) is expected to be at 53.7 per cent […]

With the aim to share insights with entrepreneurs to help build scalable business and leverage the significant growth opportunities the segment provides, over the next decade. A strong entrepreneurial sector can provide significant boost to India’s economic growth. India’s Gross Domestic Product (GDP) is estimated to grow from USD2 trillion to USD5 trillion by the […]

With the launch of Prime Minister’s ambitious Startup India mission on 16th January at Vigyan Bhavan auditorium in New Delhi, it seems that India is progressing to become the next big startup nation. Never before in the history of India, so many influential forces have congregated to promote startups and enable them to flourish globally. […]

In recent years, India has become a centre of disruptive innovation, a hotbed of entrepreneurial activity and we have seen a burgeoning of entrepreneurial talent and ideas across a variety of sectors. Indian entrepreneurs who were previously compelled to migrate to the western world to seek investment and world leading technology now have access to […]

Union finance minister Arun Jaitley now exercises more caution when he speaks about India’s economic performance during foreign trips. The ‘we-are-the-best-and-everything-is-fine-here’ tone has changed to the we-are-better-than-others-but-have-issues-to-sort-out tone, a more real and mature one. At Washington, where he is leading a high-power Indian delegation to the annual fall meeting of the International Monetary Fund and […]

Operating profit up 9.9%; Net profit rises by 15.8% Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, reported a 20.3 per cent increase in its revenues in the March 2017 quarter. The company’s operating profit grew by 9.9 per cent and net profit by 15.8 per cent. The company attributed the rise in profits […]

While growing up, we were told that for every step India took forward, it took two steps back. That indeed seemed to be the case for decades after Independence. The first big step forward was the liberalisation in 1991 – we haven’t looked back ever since.The second leap forward could be the 2014 general elections, […]

Freight traffic grows by 7.7 per cent Indian Railways (IR) carried 108.1 million tonnes of freight traffic in March 2017 as compared to 100.4 million tonnes carried in the corresponding month of the previous year. This translates into a growth of 7.7 per cent which was owing to an increase in freight volume of commodities […]

Aggregate investment pegged at Rs.50 billion Glass industry, which is likely to have completed two projects amounting to Rs.6 billion in 2016-17, is expected to witness completion of three projects during 2017-19. The projects that are likely to get completed during 2017-19 belong to Hindusthan National Glass, Gujarat Borosil and Saint Gobain India. A total […]

As China looks to wean its economy off a heavy dependence on investment and exports, India is embarking on the very same growth model that could see the South Asian nation assuming the role of the world’s factory floor within the next decade. Prime Minister Narendra Modi has articulated in recent speeches and through policy […]