Daily News

India’s GDP must expand quickly to reach $35 trillion by 2047

India’s economy, which is projected to be the third largest by 2027, must expand quickly to reach $35 trillion by 2047. By 2027, India’s economy will be the third biggest.


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Japan’s economy now ranks fourth in the world, behind that of the US, China, and Germany

Japan’s economy shrank in the final quarter of 2023, lagging behind Germany to become the fourth largest in the world.


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PLI scheme’s advancement lags in important areas, impacting industrial objectives

A year after the Center’s flagship Production-Linked Incentive (PLI) policy was introduced, investment in key industries meant to boost local manufacturing is stalling


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Google and the Maharashtra government collaborate to offer AI-driven services

The government of Maharashtra and tech behemoth Google inked a Memorandum of Understanding (MoU) for the provision of AI-led solutions in several important state sectors.


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January fuel consumption increases by 8.2% due to robust industrial activity

According to official figures, India, the third-largest oil user in the world, saw an 8.2% annual increase in fuel consumption in January. This increase was attributed to robust industrial activity.


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The recent Red Sea situation has not yet had a negative effect on trade with India

The Red Sea issue has not yet hurt India’s imports or exports. Because shippers are choosing longer routes, the cost of transportation has gone up. As of yet, there is no effect in terms of volume.


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Interim Budget: Infrastructure expansion lays the groundwork for Viksit Bharat

These actions are expected to create new opportunities, increase demand, and release economic multipliers. India’s projected fiscal deficit for 2024–2025 is 5.1% of GDP, which will decline to less than 4.5% by 2025–2026


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By 2028, the use of AI in healthcare will generate over 3 million employment

Artificial intelligence (AI) is predicted to replace approximately 23% of present occupations in the Indian healthcare industry by 2028, creating millions of new opportunities.


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The rural workforce is dominated by women in agribusiness and self-employment

Women in rural India are becoming more entrepreneurial and more prevalent in agriculture, which is what has been pushing their engagement in the workforce in recent years.


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Budget 2024-25: The government may raise capex to boost economic growth.

With private investment remaining low, the government is expected to maintain its momentum in increasing capital expenditure, particularly in the infrastructure sector, in the 2019 Budget to boost economic development.


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India has signed an agreement to acquire five lithium mines in Argentina

The Centre signed an agreement to acquire five lithium brine blocks in Argentina for exploration and development. The agreement was struck between Khanij Bidesh India Ltd (KABIL) and Catamarca Minera Y Energética Sociedad Del Estado (CAMYEN),


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The government holds back a $600 million plan to replenish critical oil supplies

Facing market instability and the possibility of future price declines, India’s finance ministry has shelved a 50 billion rupee ($602 million) plan to increase the country’s strategic crude oil stocks.


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Agricultural exports will rise despite limits on wheat, rice, and sugar

India’s agricultural exports will increase from the previous year in fiscal 2023/24, despite restrictions on wheat, rice, and sugar as part of attempts to diversify shipments.


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India is expected to project 7% GDP growth in fiscal year 24

India is anticipated to report higher economic growth estimates of approximately 7% for the fiscal year 2023/24, which ends in March. The Reserve Bank of India (RBI) upgraded its growth prediction for the current fiscal year to 7% for the current fiscal year,


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India plans to create a 2 billion-tonne coal reserve by 2030 before hitting the pause button

The Centre expects to create a domestic thermal coal stock of 1.8-2.5 billion tonnes (bt) by 2030-32, after which it plans to halt production for the next decade. Even though India has not signed any worldwide agreement on the phase-out of coal production and use, this transition plan is being implemented.


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Due to the ban on wheat, rice, and sugar, India’s agricultural exports may remain flat in FY24

This fiscal year, India’s agricultural exports may stay unchanged due to export restrictions on commodities such as wheat, non-basmati rice, and sugar, which may result in a $4.5-5 billion decrease in outbound shipments.


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India is a standout performer, accounting for more than 16% of global growth, according to the IMF

India has emerged as a star performer, contributing more than 16 percent of global GDP as a result of economic changes in critical sectors such as digitization and infrastructure.


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Critical mineral imports are increasing as the transition to green energy accelerates.

The demand for essential minerals is increasing as the globe shifts toward clean energy solutions. Their reliance on imports is very high. The majority of these minerals,


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India’s e-commerce business is expected to exceed $160 billion by 2028.

By 2028, the value of e-commerce in India is estimated to exceed $160 billion. The market has grown rapidly since the epidemic, and it is expected to be worth $57-$60 billion in 2023.


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India requires rapid economic growth in order to invest in energy transition

To make investments in the energy transition, India needed rapid economic growth. The country requires time to transition from coal to energy from renewable sources.


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The construction business in India is improving as housing demand drives the economy

If India needed any more evidence that it was in the midst of a massive housing boom, it got it in this week’s GDP figures, raising hopes that the industry will continue to power the economy for years to come.


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India is getting closer to an agreement with Tesla to import EV’s and build up a factory.

India is nearing an agreement with Tesla Inc. that would allow the US manufacturer to begin shipping electric vehicles to the nation next year and establish a facility within two years.


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India is likely to extend rice export curbs till 2024 in order to keep prices globally stable

India, the world’s largest rice exporter, is anticipated to keep export restrictions in place long into next year, keeping the staple grain at near-record highs since the 2008 food crisis.


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A Kerala-based firm has launched an AI-powered digital health kiosk to “bridge the gap between detection and healthcare.”

A Kerala-based firm has built a first-of-its-kind digital health kiosk that claims to deliver basic tests like as blood pressure, blood sugar, and heart problems in many languages and at incredibly affordable pricing.


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Recovery in rural markets propels growth in the consumer goods sector to 9%

India’s consumer products industry had a 9% increase in value during the July–September quarter as rural consumers’ purchasing power increased. With sales volumes increasing 6.4% from 4% in the June quarter, rural markets continued to show signs of recovery during the quarter.


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How can India’s industrial base be made less carbon-based?

Carbon intensity is inherent to heavy industries. Every operation, from making cement from limestone to producing steel from iron, entails burning fossil fuels, which results in harmful carbon emissions.


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By 2025, the market for electric vehicles should be fully charged

Government support in the form of subsidies, increased awareness, and more product introductions has helped to propel the steady improvement in the penetration of electric vehicles


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By 2050, renewable energy sources will account for 90% of the world’s electricity supply

By 2030, renewable energy sources could provide 65% of the world’s electricity needs, and by 2050, they could decarbonize 90% of the power industry.” Approximately 80% of the world’s population currently lives in nations that import fossil fuels, making up a staggering 6 billion people.


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By December, NITI Aayog’s Vision 2047 for a $30 trillion economy might be completed

The federal think tank, NITI Aayog, is nearing completion on the year-long project of creating a 25-year plan to grow India’s GDP to $30 trillion by 2047.


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According to IMF, by 2028, India will contribute 18% of the global growth, playing a significant role

India’s contribution to global growth is anticipated to rise over the following five years as the country’s economy continues to expand quite quickly, according to the International Monetary Fund. By 2028, India would likely contribute 18% of global growth, up from its present 16% share.


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By 2030, India plans to invest Rs. 143 trillion in infrastructure

In the financial years 2024 and 2030, India will invest 143 trillion rupees in infrastructure. With an average gross domestic product growth rate of 6.7% through FY31, India is predicted to have the fastest-growing economy.


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India’s green hydrogen project is ambitious but resource- constrained

India’s green hydrogen initiative is highly ambitious but lacks the necessary funding to be successful. If New Delhi wants to become a major H2 hub, it will need to increase support in the form of grants, carbon fees, and procurement regulations.


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Israel conflict unlikely to affect pharmaceutical trade, according to experts

In spite of rising regional tensions, Indian pharmaceutical companies anticipate little if any interruptions in their trade with Israel. Although concerns about rising crude prices and the cost of export shipping insurance have been voiced, the pharmaceutical industry is nevertheless upbeat. Israel makes up a small portion of India’s vast export market, which spans over 200 nations.


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India’s experience in terms of the increase and peaking of its manufacturing GDP and the subsequent plateau that has been seen for many years has been distinct from that of the rest of the globe. The nation has created dynamism for startups and entrepreneurship and has implemented institutional and public sector changes.


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With expectations of the status quo, the RBI’s rate-setting panel begins discussions

The Monetary Policy Committee (MPC), which is led by RBI Governor Shaktikanta Das, began its three-day meeting on Wednesday with expectations of a rate status quo in its bi-monthly monetary policy review.


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The Global Innovation Index for 2023 has India in 40th place

India maintained its ranking of 40th on the annual Global Innovation Index (GII) 2023 with a score of 38.1 thanks to its thriving start-up ecosystem, intellectual capital, and the efforts of both public and private research institutions.


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India’s economy will reach $5 trillion and position third by 2027

By 2027, India’s economy, which will benefit from its demographic advantage and the rapid growth of the financial sector, will be worth USD 5 trillion and rank third in the world by market exchange rates.


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Understanding India’s growth rate to determine if the economy is booming or stalling

What’s the state of the Indian economy? Every Indian is interested in knowing the answer to this issue, and more and more outsiders are as well. Unfortunately, yet another misdirected dispute between the administration and its detractors has hidden this issue.


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The initiatives to standardize battery swapping policy are led by NITI Aayog

The Centre intends to launch new discussions in order to establish interoperable standards for battery-swapping regulations. The Ministry of Heavy Industries has been requested by NITI Aayog,


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India must expand at a rate of 8–9% for 20 years in order to achieve development by 2047

To become a developed country by 2047, India must expand at an annual rate of 8–9% for the following 20 years. The ‘China plus one’ strategy can be advantageous for India because no other nation can provide the scope and size of operations that are possible here


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How accounting for carbon emissions aids in achieving net zero targets

There are two ways to reach a target. Alternatively, a corporation can purchase carbon credits on a market where companies who invest in technologies or plant trees can sell their carbon-positive points to businesses that have a negative carbon rating.


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India is looking for more natural gas quantities to increase electricity production

As part of emergency measures to avert power outages, India is seeking greater natural gas  quantities and has requested utilities to speed up the completion of power plant maintenance.


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India will become a leading source of green fuel for the shipping industry

The Indian Union Government wants to turn India into a major source of environmentally friendly hydrogen, ammonia, and methanol for the shipping industry. The most affordable source of these green fuels will be India. In the next ten years, shipping will become more environmentally friendly, so we must be ready.


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The right policies will assist India in exporting $2 trillion by 2030

India would be able to meet its goal of exporting goods and services worth USD 2 trillion by 2030 with the aid of sound regulations and a proactive approach from the government. Geopolitical tensions continue to cause havoc in the world economy, and the trading situation is extremely difficult.


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 India creates history when Chandrayaan-3 lands on the south pole of the moon

India completed its Chandrayaan-3 mission on Wednesday, becoming the fourth nation after the former USSR, the US, and China to soft-land on the moon after 18 minutes of intense worry and suspense.


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According to the Oil Ministry, crude oil refining output increased 2.2% to 21.9 MMT in July

In July, Indian refineries processed 21.9 million metric tonnes (MMT) of crude oil, a 2.2% rise over the 21.42 MMT handled in July 2022, according to data made public by the Petroleum Planning and Analysis Cell (PPAC). From June, the refining throughput increased by 1.7% sequentially.


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First crude oil transaction between India and the UAE is made in local currency

Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) conducted the first crude oil transaction ever under the recently introduced Local Currency Settlement (LCS) system. The sale of roughly 1 million barrels of crude oil was a part of the deal.


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Data law disclosure standards could put generative AI at risk

Models of generative artificial intelligence (AI) like ChatGPT and Google’s Bard AI might run afoul of the country’s recently passed data privacy law. This is because it mandates that all platforms reveal the personal data they currently hold and obtain user consent before processing it further.


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Ban on rice exports from India puts the market on edge for similar restrictions

As competitors attempt to cover the 10 million metric tonne vacuum left by New Delhi, the world market is bracing for similar steps by rival suppliers to prevent potential domestic shortages.


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In order to keep inflation under control, the RBI is expected to maintain rates and policy

To boost growth while food inflation surges in Asia’s third largest economy, India’s central bank is anticipated to maintain its benchmark rate and policy stance for a third straight meeting.


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Concern is growing about India’s rice export restriction and whether sugar could follow

As a result of India’s prohibition on some rice exports in an effort to regulate domestic prices, traders are concerned that sugar, another key crop, may also be at risk.


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Foxconn will invest $600 million in Karnataka for components and Chip making equipment

To demonstrate its rising interest in the South Asian country as it expands its investments beyond China, Foxconn will invest $600 million (about 4,938.12 crores) in two projects in Karnataka to produce casing components for iPhones and chip-making equipment.


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As India’s prohibition restricts supplies, the global rice market is poised for government bargains

As supplies are being squeezed and worries about food security are being raised by India’s prohibition on imports of a crucial type, international rice importers are likely to look for direct agreements with governments in supplying nations.


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Mixed results for engineering exports, but increased commerce with Russia

India’s engineering exports to important markets like the US, the EU, and China fell again in June 2023, suggesting a difficult international trade environment.


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India’s gasoline exports increased more quickly than its non-fuel exports in the first year of the free trade agreement with the UAE

India’s non-petroleum exports increased at a comparatively slower rate than exports of refined petroleum products to the West Asian country a year after the United Arab Emirates (UAE) and India’s free trade agreement (FTA) went into effect.


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According to RBI, the nation must grow at a 7.6% rate to become developed by 2047–2048.

According to a research conducted by employees of the Reserve Bank of India, for India to achieve developed status by 2047–2048, real GDP must rise at a rate of 7.6% annually over the following 25 years, increasing its per capita GDP from its current level of $2,500 to $20,000 per year.


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Producers of auto components increasing their involvement in the green mobility sector

In response to increasing market penetration, auto auxiliary businesses are increasing their expenditures in manufacturing and research and development (R&D) facilities to serve the expanding electric vehicle (EV) industry in India.


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Trade restrictions in local currency

A number of countries are growing more and more uneasy with the US dollar’s hegemony. Concerns grew significantly as a result of the US-led West’s use of the global financial system as a weapon against Russia following the invasion of Ukraine. Clearly, no nation wishes to find itself in such a circumstance.


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India’s economy could overtake that of China by 2075

By 2075, India’s economy is expected to exceed both Japan and Germany and the United States to become the second-largest in the world. By 2075, India’s GDP is anticipated to reach $52.5 trillion, falling short of China’s $57 trillion but surpassing the US’s $51.5 trillion.


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RBI panel lays out a plan to internationalise the rupee and lessen reliance on the dollar

The Reserve Bank of India (RBI), which was established to explore the internationalisation of the rupee, has advised steps for transactions in the local currency that is widely used abroad, thereby reducing dependence on the dollar.


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Data privacy and generative AI

Artificial intelligence, or AI, has made great strides over the past five years, especially as machine learning and deep learning algorithms have improved and more processing power and data have been accessible. However, only individuals who were genuinely interested in AI or digital technology in general kept up with this development.


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While worldwide output fell by 5% in May, India’s steel production increased by 4.1%.

According to the World Steel Association (worldsteel), India’s crude steel production increased by 4.1% to 11.2 MT in May 2023, despite a 5.1% decline in global output to 161.6 MT.


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Digital transformation is a priority for the manufacturing sector

Manufacturing businesses are prioritizing digital transformation, and 54% of them have already included analytics and artificial intelligence into their daily operations.


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India is aiming to produce $300 billion worth of electronics: MoS IT

The government is on track to meet its goal of $300 billion in electronics manufacturing, which will represent a staggering 20–25 times growth in less than ten years.


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Capex in the private sector will be a major driver of growth

In a special interactive session, Chief Economic Advisor V Anantha Nageswaran voiced optimism about India’s economic prospects.



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By 2027, India will surpass China as the world’s second-largest oil consumption

By 2027, India’s rise in oil demand will eclipse China’s. From 2.4 million barrels per day at present to 400,000 barrels per day by 2028, the demand for oil will be reduced globally as a result of improved technology and logistics used by electric vehicles (EV) and the oil sector.


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India will issue fewer annual GDP estimates to prevent market confusion

According to people familiar with the situation, India is considering reducing its official annual gross domestic product estimates from six to four in order to prevent the many revisions that market analysts have previously characterized as confusing.


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Reforms in the mining and coal industries resulted in greater revenue

The government’s changes in the coal and mining industries have enhanced state revenues and greatly expanded production of coal and other minerals.



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According to the World Bank, the Indian economy would grow the fastest in FY24

Of the most emerging market and developing economies, India’s GDP (gross domestic product) would continue to rise at the quickest rate both overall and per person. India’s FY24 growth prediction of 6.3% was maintained.


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The centre will soon accept many plans for chip production plants

Rajeev Chandrasekhar, the Union Minister of State for Electronics and IT, announced that the government would approve numerous plans for semiconductor packaging and fabrication facilities in the upcoming weeks as the Centre reopened the window for new fab applications for leading and mature nodes.


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Why is India likely to continue to be the fastest-growing economy in terms of GDP?

India’s economy is anticipated to display significantly increased sequential and compared to the previous growth in the most recent January-March quarter (Q4 FY23), propelled by the manufacturing and services sectors and a positive increase in private investment.


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India is playing a role in a global game involving petrochemical production from oil refineries. For at least a decade, investments appear bullish and unaffected by the conflict between Russia and Ukraine. Indian-based refining companies are on track to make significant investments in new capacity,


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El Ninos left behind lasting economic scars and cost trillions of dollars

A new study concluded that the annual El Nino warming burst that alters the weather globally is significantly more expensive and has longer-lasting costs than experts had previously estimated, causing damage that averages trillions of dollars.


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India eliminates the 4,100 rupee per tonne windfall tax on crude oil

India reduced its windfall tax on crude oil from Rs 4,100 ($50.13) per tonne to zero. Domestic crude oil now only carries a windfall tax of Rs 4,100 per tonne as opposed to Rs 6,400 per tonne previously. However, the administration decided to maintain the zero percent windfall tax on petrol, diesel and aviation turbine fuel (ATF).


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Centre declares a $2 billion investment in the Semiconductor Laboratory in Mohali

On Friday, Union Minister Rajeev Chandrasekhar said that the Centre would spend $2 billion on research and prototyping at the Semiconductor Laboratory (SCL) in Mohali. According to the minister, the government has created a semiconductor education curriculum for colleges and


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India is urging the EU to accept carbon certificates for MSMEs

In order to shield its domestic industry from the burden of the EU’s impending carbon tax, which would take effect in October of this year, India is pressuring the EU for a mutual recognition agreement for its carbon certificates and exemptions for MSMEs in particular sectors.


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India’s dependence on China may be reduced because of new lithium riches in Rajasthan

If government officials in Rajasthan are to be believed, lithium reserves have been found in the Rajasthani region of Degana (Nagaur).


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Government to seek funding for next-generation tech development after green hydrogen mission meeting

On May 5, at the inaugural meeting of the empowered group for the National Green Hydrogen Mission (NGHM), the Ministry of Heavy Industries (MHI) intends to provide a comprehensive plan for securing funding for Bharat Heavy Electrical’s (BHEL) next-generation technology development.


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A per RBI report, 2.5% of India’s GDP is required for additional green financing

Through 2030, India would need an additional yearly investment in green financing of at least 2.5% of GDP. According to a Reserve Bank of India (RBI) report, this is done to close the infrastructure gap for targets related to combating climate change.



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The International Monetary Fund (IMF) placed its confidence in India for a recovery of the world economy

India continues to be a relative “bright spot” in the global economy, thus the International Monetary Fund (IMF) has placed its hopes in it for a recovery. The IMF predicts that global production growth will decelerate to 2.8% in 2023 (the calendar year), then rise up to 3% in 2024.


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India will increase its bids for renewable energy projects as the year 2030 approaches

In order to make more headway towards its 2030 clean power objective, India will more than increase the capacity of the auctions used to distribute renewable energy projects.


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Why is India surpassing Singapore as the best place for business?

Singapore, which has held the top spot in the ranking for the past 15 years, was once again named the country with the greatest business environment in the world according to a survey released last week by the Economist Intelligence Unit (EIU).




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India’s trade deficit grew to $19.73 billion while exports increased by 6% to $447 billion

According to government statistics, India’s merchandise trade deficit in March 2023 was $19.73 billion, up from $17.43 billion in the preceding month. India’s exports increased by 6% to $447 billion in 2022–23 from $422 billion in 2021–22, thanks to robust development in the outbound shipments of industries including petroleum, pharmaceuticals, chemicals, and marine products.



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India’s fuel demand in March surges to a record high due to strong economic activity

India, the third-largest user of oil in the world, saw its fuel consumption soar to a record high in March as a result of strong economic growth.



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Government is catching up and aims to build infrastructure to evaluate new-tech automobiles

To ensure that testing of vehicles using the newest technologies is done effectively, the government will modernize its testing infrastructure for automobiles. Test vehicles with internet- enabled devices are referred to as the latest technology vehicles.


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PM Gati Shakti’s Network Planning Group approves four infrastructure projects

Under the PM Gati Shakti programme, the Network Planning Group (NPG) has authorised four railway-related infrastructure projects. The PM Gati Shakti – National Master Plan was introduced in October 2021 with the goal of creating an integrated and planned infrastructure to lower logistical costs.


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Shortage of semiconductor chips could interfere with automaker’s plans for FY24 output

Although passenger car sales in India reached a record high of 3.9 million units in 2022–23, up 27% from the previous fiscal year, the nation’s largest automaker, Maruti Suzuki India (MSIL)


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Government announces Foreign Trade Strategy 2023, aiming for $2 trillion in exports by 2030

The Center released the Foreign Trade Policy (FTP) 2023 in an effort to increase the nation’s exports in the face of sluggish global trade. By switching from an incentive-based system to one that is remission and entitlement-based, the Centre has detailed its ambition to increase India’s exports of goods and services to $2 trillion by 2030.


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The Indian economy will expand at 6.5% over the next ten years

According to Chief Economic Advisor (CEA) V Anantha Nageswaran, the Indian economy is projected to expand at a 6.5% annual clip over the next ten years as a result of the financial and investment cycle’s reversal. Due to the various uncertainties the globe is experiencing, the growth rates of global exports may be a little tepid.



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By 2025, the wind industry can anticipate record installations

According to the Global Wind Energy Council (GWEC) annual report 2023, the wind sector can anticipate record installations in both onshore and offshore markets by 2025, with 680 GW of new capacity anticipated by 2027.



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India might take the lead in developing sustainable aviation fuel

India can take the lead in developing sustainable aviation fuel by utilizing opportunities in the global supply chain. He noted that although sustainable aviation fuel is now significantly more expensive than conventional fuel, airlines and airports would be pressured to adopt sustainable methods.




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For the second year running, India surpasses China in unicorn production in 2022

In spite of macroeconomic instability and recessionary worry impacting investments, India launched more new unicorns in 2022 than China did for the second consecutive year.


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RBI assesses the effects of the Silicon Valley Bank bankruptcy on banks

The Reserve Bank of India (RBI) has jumped into action days after Silicon Valley Bank’s (SVB) demise to assess its effects on Indian businesses and banks. The regulator has begun gathering data on the exposure of banks and non-banks to the collapsed Santa Clara-based lender.



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Price cap will be increased to address India’s high demand for electricity

If another hot summer causes shortages similar to last year’s, India’s largest power consumers will soon be able to get more expensive electricity rather than being compelled to reduce operations.



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India will get $1 billion from the World Bank for public healthcare facilities

India and the World Bank have agreed to two complementary loans totaling USD 500 million each to assist and improve the nation’s healthcare system. The bank will fund India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Initiative (PM-ABHIM), announced in October 2021, to build the public healthcare infrastructure throughout the nation, with a combined financing of USD 1 billion (about Rs 8,200 crore).


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By 2050, Goa wants to use only renewable energy in all sectors: CM

Pramod Sawant, the chief minister of Goa, announced on Friday that the state has established a goal to use only renewable energy by 2050 in all sectors. By 2050, the Goa government wants all sectors of the state to be powered entirely by renewable energy. Some 15,000 new jobs are anticipated to be created as a result of this ambitious strategy, 500 of which will be solely dedicated to the solar and wind energy producing industry.


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India will see the construction of two multibillion dollar semiconductor plants: MoS IT

A multibillion-dollar investment, in addition to several chip assembly and packaging units, is scheduled to be made in two fully operational semiconductor production plants in India imminently.


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The Reserve Bank of India uses a network to limit payments made with commercial cards

Orders limiting business transactions channeled through middlemen via a card network were released by the Reserve Bank of India (RBI) on Thursday.


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The government intends to push rooftop solar power for $9 billion

India is to invest over Rs 75,000 crore ($9 billion) to install rooftop solar panels in 10 million houses, thereby strengthening the weakest area of the rapidly expanding renewable industry in the nation.


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The outlook for manufacturing in Q3, Q4, and FY24 is positive

Manufacturing for Q4 FY24 projected a steady future investment outlook; however, industry respondents identified some major obstacles going forward, including the availability of raw materials and their rising prices,


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India’s need for oil keeps world prices and demand stable

India’s oil-hungry population keeps world oil prices and demand stable. Prices would have skyrocketed to $120 a barrel if India’s 5 million barrels of oil per day requirement had been added to the world demand already suffering from the lack of Russian crude.


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What is the ‘Blue Economy 2.0’ announced in the 2024 budget to support aquaculture?

“Blue Economy 2.0” was introduced to the Parliament at the interim budget presentation. The action is an attempt to expand the nation’s aquaculture industry, also referred to as aquafarming,


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$5 billion for EV, 20 unicorns run by women: The path of the Indian startup growth since 2014

The Indian startup ecosystem has undergone a massive transformation over the last decade, with areas such as retail, corporate apps, fintech, and logistics driving growth


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Red Sea interruptions are likely to impair India’s growth forecast

The South Asian economy would be hit the most as hostilities in the Red Sea escalated as a result of Houthi attacks. They will face the greatest proportional rise in maritime commerce distance,


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Coal India’s push into electricity generation has received Cabinet permission

The Union Cabinet Committee of Economic Affairs (CCEA) has authorized Coal India Ltd’s (CIL) two first thermal power production facilities, worth Rs 22,000 crore, in partnership with its subsidiaries.


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The Indian economy has withstood geopolitical shocks and is ready for future challenges

The Indian economy has withstood all geopolitical shocks in recent years, and it will be able to navigate the uncertainties ahead. The ongoing downturn in China has resulted in significantly lower demand for energy and other commodities, mitigating the negative consequences of supply shock.


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Green hydrogen can facilitate energy transition on the net-zero journey

Green hydrogen in India can not only offer energy to sectors such as fertilizers, chemicals, refining, and iron, but it can also reduce carbon emissions when compared to fossil fuels, according to the World Economic Forum.


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IITs Madras and Kanpur discover a mechanism to recycle trash from iron ore mining

Researchers at the Indian Institutes of Technology (IIT) Madras and Kanpur have devised a method for converting waste from iron ore mining into an environmentally acceptable material that can be utilized by industry.


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Asia Pacific emerging market growth will continue high in 2024

The Asia Pacific economy will continue to grow strongly in 2024, with GDP in India and other emerging market countries predicted to rise by 5%.


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India will overtake as the world’s top economic superpower by the end of the century

India will be the world’s largest economic powerhouse by the end of the century, with a GDP 90 percent larger than China’s and 30 percent larger than the United States.


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The RBI has proposed a framework to rationalize the authorization of money changers

The Reserve Bank of India suggested draft rules to rationalize the authorisation of money changers in light of the extensive availability of banking services to the general people, as well as to investigate alternate models for enabling foreign exchange-related activities.


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Over the last decade, the RBI has been a net buyer of US dollars in the spot market

The Reserve Bank of India (RBI) has been a net buyer of US dollars in the spot market for the past decade, except for fiscal years 2018-19 and 2022-23, when it became a net seller.


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Electronics and service exports to limit trade growth rate decline

Strong export performance in electronic goods, notably smartphones, and services sectors would assist India in limiting the total trade growth rate, which is predicted to shrink by 2.6 percent this year.


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AI Mission to Provide Computing Power to Startups

India will shortly establish an AI Mission to develop artificial intelligence-related computing capacities throughout the country.


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India’s domestic aviation capacity has surpassed the pre- pandemic level.

In comparison to the pre-pandemic year of CY19, India’s domestic aviation capacity growth in calendar year 2023 (CY23) was the sixth largest among 20 major domestic markets.


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Retail inflation for agricultural and rural workers increased modestly in October

Retail inflation for agricultural laborers and rural workers increased moderately in October to 7.08 percent and 6.92 percent, respectively, from 6.70 percent and 6.55 percent in September 2023, primarily to increasing food prices


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India’s GDP is expected to rise by 6-7.1% between 2024 and 2026, with good growth potential

Over the longer term, India’s economic development prospects remain strong, with GDP predicted to expand between 6% and 7.1 percent year from 2023-24 (FY24) to 2025-26.


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The government is considering several measures to assist revitalize special economic zones.

The government is exploring many steps, including a flexible framework for the domestic sale of products made in special economic zones (SEZs), simple de-notification regulations, and expediting unit approval processes.


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While China tensions simmer, India is considering a labor supply arrangement with Taiwan.

India is building stronger economic connections with Taiwan, with plans to transfer tens of thousands of workers to the island as early as next month, potentially infuriating neighbor China.


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To secure a free trade agreement with the United Kingdom, India proposes lowering EV import duties.

In an effort to complete a free-trade agreement between the two countries before the end of the year, India has proposed lowering import levies on some electric vehicles from the United Kingdom. The Indian government is mulling a 30% concessional tariff on 2,500 electric vehicles imported


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India’s G20 leadership provided a clear framework for policy

India’s G20 leadership has given the world’s population, whose voices are sometimes ignored in multilateral meetings, a clear policy direction to address their demands.


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With biogas, India may reduce its reliance on fossil fuels and imports by $29 billion

India may reduce its import bills of liquefied natural gas by USD 29 billion between the fiscal years 2025 and 2030 by substituting a portion of its natural gas consumption with biogas and biomethane, which should reach 20% by 2030.


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India set to be world’s third-largest economy by 2030

By 2030, India will surpass Germany and Japan to become the third-largest economy in the world because of its youthful demographics and fast-increasing urban household incomes. India is currently in sixth place.


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Festive spending and government spending will be the main drivers of the 6.5–6.8% GDP growth expected in FY24

The current fiscal’s GDP growth is predicted to be in the range of 6.5–6.8%, largely as a result of increased government spending in the run-up to the mid-year elections and forthcoming holiday expenditures.


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Nurturing Indian innovation

India has set its sights on becoming a global leader in innovation. The successful lunar landing of Chandrayaan-3 highlights the nation’s potential for low-cost scientific advancements. Innovation in science and technology offers a possible route to prosperity and global competitiveness as India seeks to accelerate growth in a post-pandemic world.


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International Energy Agency projects a 4% increase in India’s natural gas demand in 2023

According to a medium-term prediction by the International Energy Agency (IEA), India’s natural gas demand will increase by 4% in 2023 and by over 8% annually on average through 2026.  It also revealed that the average annual growth rate of the world’s gas consumption between 2022 and 2026 will be 1.6%, down from an average annual growth rate of 2.5% between 2017 and 2021.


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India must concentrate on five areas if it wants to become a developed nation by 2047

In spite of a difficult global economic environment, the country’s growth has been steadfast, according to the World Bank’s Spring 2023 India Development Update Report. The financial sector in India is still strong, with improved credit growth and better balance sheets. By 2047,


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Can AI provide India with a third growth path in addition to manufacturing and services?

The comparison between manufacturing and services has gained new significance. For the first time, some of the iPhones that buyers purchased on the new model’s release date last month were produced in the country with the largest population.


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Southeast Asia is being forced by climate change to begin sharing power

The need for Southeast Asian countries to transition to renewable energy in order to battle climate change is reviving a 20-year-old idea for the region to exchange power.


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Concentrating on specialized markets for semiconductors

The government has made the decision to concentrate on “niche” opportunities in the semiconductor industry, such as silicon carbide or gallium nitride chips (also known as compound semiconductors), where it believes it can soon become a “global leader”.


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Tensions between India and Canada: Potential danger to multibillion dollar business deals

Although experts say there may not be an immediate impact, the heightened diplomatic tensions between India and Canada could have a negative influence on economic relations if the rift grows.


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According to the RBI study, the economy is strengthening and inflation will continue to decline in September

The Indian economy is expanding despite dimming global prospects, driven by internal factors such as private consumption, fixed investment, and significant state sector capital spending, and supply responses are getting better.


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Farm mechanization’s unfinished business

While reducing hardship is undoubtedly one of the much-needed and desired benefits of farm mechanization, it is not the main goal of the practice. To increase the accuracy and efficiency of farm operations, save expenses, and boost production and profitability,


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India will export renewable energy technology and produce 100 GW of solar energy

India will establish itself as a major player in the global supply chain for renewable energy equipment and start exporting as its solar manufacturing capacity alone reaches 100GW by 2026.


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Coal India is going to contribute Rs 24,750 crore in 61 green projects

To promote environmentally friendly coal transportation, national miner Coal India Ltd (CIL) announced that it would spend Rs 24,750 crore on 61 first-mile connectivity (FMC) projects. Compared to utilizing a vehicle to move coal from a mine to a rail siding


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Is India overestimating inflation, given that it is weighted toward food and drink?

It is frequently asserted that the consumer price index (CPI), which is based on the household consumption expenditure survey of 2011–12, gives food and beverage goods an outmoded priority, which is the cause of the present increase in the retail price inflation rate.


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India must expand at a rate of 8–9% for 20 years in order to achieve development by 2047

To become a developed country by 2047, India must expand at an annual rate of 8–9% for the following 20 years. The ‘China plus one’ strategy can be advantageous for India because no other nation can provide the scope and size of operations that are possible here


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Technology outside of space – Boosting the private sector will expand opportunities

If the new Indian Space Policy is successful as intended, India’s participation in the global civil space economy could significantly rise. The term “space economy” refers to a broad range of activities and resource uses that add value as space is being explored,


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India’s infrastructure obstacles might be cleared via the Gati shakti framework

India has had major cost and time overruns as a result of implementation issues with many infrastructure development projects. The fact that different government departments and ministries operate in silos with little or no coordination


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The world’s first flex fuel vehicle will debut today in India: Why it’s important

In an effort to use alternative fuels like hydrogen, flex-fuel, biofuel, and others while reducing the nation’s reliance on conventional fuel sources, India will today introduce the first BS-VI (Stage-II), electric flex-fuel car.


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India will expand fastest among major countries, according to the finance secretary

The fastest growth rate among the world’s top economies, including China, the US, Germany, and Japan, is predicted for India, making it the country with the greatest potential for future development, according to the finance secretary.


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India’s exports reach $800 billion in the first six months of 2023

Despite a downturn in global demand, India’s total exports and imports of commodities and services surpassed the USD 800 billion barrier during the first half of 2023 thanks to a solid rise in its services sectors.


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The government is counting on ethanol to help them reach its 2030 goal of mixing 5% biodiesel into diesel sales. Biodiesel, which is frequently used in Europe, is a biodegradable fuel that is typically produced from vegetable oils,


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By 2026, the digital economy will represent more than 20% of GDP

According to Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology, the digital economy would account for more than 20% of the nation’s GDP in 2026.


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On track to generate 24-hour renewable power: Tata Energy

Tata Power announced a 29% increase in profit for the first quarter of the fiscal year 2023–2024 (Q1FY24), the company’s 15th consecutive quarter of profitability.


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India is thinking about letting private corporations build nuclear power plants

The state-controlled nuclear power sector in India is exploring allowing more private companies to participate in order to construct tiny modular reactors that will aid in the decarbonization of industry.


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PLI, tax advantages, and more: Niti’s suggestions to increase the production of EV batteries

The Niti Aayog has proposed incentives in the form of production-linked incentive (PLI) schemes, tax breaks, and royalties to encourage the processing and refining of minerals used in lithium-ion batteries as part of the efforts to promote electric vehicles and increase local value addition.


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India will reach middle-income status by 2030, with a $6 trillion GDP.

By 2030, India’s per capita income is predicted to increase by around 70% to $4,000 from $2,2450, making it a middle-income nation with a $6 trillion GDP. By 2030, home consumption in India will account for more than half of total. The income per person in the nation increased from $460 in 2001 to $1,413 in 2011 and $2,150 in 2021.


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India’s FY24 GDP growth prediction is increased by the IMF by 20 basis points to 6.1%

India’s GDP prediction for FY24 was increased by 20 basis points to 6.1% by the International Monetary Fund (IMF) on Tuesday due to the nation’s faster-than-anticipated economic momentum in the March quarter of FY23.


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How many different types of chips are produced worldwide? What is a fab plant?

A fab factory is a manufacturing facility where raw wafers go through a difficult procedure to become integrated circuits (ICs).


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Taiwan wants investment outside the chip industry to improve relations with India

Before the year comes to an end, it’s feasible that there may be more direct flights between Taiwan and India than the current two or so each week. Business trips between the two nations are a time-consuming exercise due to the lengthy layovers.


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India will not impose an anti-subsidy tax on certain Chinese steel product

Despite a proposal from trade officials and pressure from local steel industries, India will not apply countervailing tax (CVD) on specific steel goods imported from China.


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To generate green hydrogen, the government has invested in an eco-system

The Centre has established an ecosystem to promote the growth of green hydrogen in the nation. Since we have a lot of solar energy and have made investments in our power grid, we have a natural advantage in manufacturing green hydrogen.


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India is more prepared than ever for sustained growth, the finance ministry claims

According to the finance ministry’s presentation of its Annual Economic Review for 2022–2023, India is in a better position than before to maintain its growth because the economy has continued to expand well since FY23.


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The majority of India’s services exports come from the digital sector

The proportion of exports that are mostly distributed digitally has been increasing during the outbreak. According to data from the joint World Bank and World Trade Organisation study ‘Trade in Services for Development,’ they increased from being 26.4% of exports in India in 2019 to 28.6% in 2022.


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India is converting to cleaner fuels more quickly than other nations

In contrast to many other nations, India is moving more quickly towards cleaner fuels. The World Economic Forum (WEF) in Geneva published its Energy Transition Index (ETI) on June 28. India was ranked 67th out of 120 nations. In 2014, it was ranked 94.


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The third G20 infrastructure working group meeting focuses on “creating liveable cities.”

The third and final infrastructure working group (IWG) conference under India”s G20 hairmanship began with a focus on “creating liveable cities.” The discussions allowed G20 leaders to learn and discuss crucial issues ranging from climate change to infrastructure resilience,


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India’s economy is booming despite its still-high interest rate

Due to strong domestic demand, India’s economic activity grew again in May, reassuring policymakers that rates may be raised for longer even if the current largest risks are heat waves and below-average rains.


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EPR is currently being explored for the circular economy to encourage recycling

The Indian government is debating the use of policy tools like Extended Producer Responsibility (EPR) to encourage recycling in order to foster a circular economy and lessen waste.


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India has firmly taken the lead in global energy affairs

India has clearly established itself as the hub of world energy issues. Nation has drawn international attention for its initiatives in a range of sectors, including solar, coal, hydrogen, and biofuels, while speaking at a G20 forum on energy transition in Delhi.


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Power plants using imported coal will run continuously through September

According to a government order, India said that power plants using imported coal will need to operate at full capacity till the end of September, extending a previous deadline by more than three months.


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India’s internet market will increase six-fold to $1 trillion by 2030

By 2030, the e-commerce sector is predicted to be the primary driver of a six-fold increase in India’s internet economy, which will reach USD 1 trillion. The analysis predicts that the B2C e-commerce sector would grow at a faster rate than B2B e-commerce,


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EV start-ups will power India’s next unicorn club as part of a climate technology push

Indian climate technology, particularly that which relates to start-ups in the electric vehicle (EV) arena, has seized a substantial share of investment, despite a continuing funding slowdown, in keeping with the nation’s aim of reaching net-zero emission by 2070.


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India becomes a major source of FDI into Dubai, according to a report

According to the most recent study, India has become a significant source of foreign direct investment (FDI) in Dubai, one of the richest of the seven emirates in the United Arab Emirates.


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The Centre pursues sustainable growth through circular economy and green hydrogen technologies

An examination of the Central Government’s environmental measures is necessary as India overtakes China as the world’s most populous nation, with Delhi serving as the political capital of the biggest political party at a time when global climate change is occurring at an accelerated rate.


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Nearly 30% of the nation’s green shipping projects will be funded by the centre

Following a series of initiatives to quicken India’s transition to a greener shipping industry, the Ministry of Ports, Shipping, and Waterways (MoPSW) announced it will contribute nearly a third of the funding to green shipping initiatives there.


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What is the ‘Clean Note Policy’ of the RBI and why are notes being revoked under it?

The Central Bank stated in a statement that the RBI’s Clean Note Policy aims to give citizens high-quality currency notes and coins while removing worn-out notes from circulation.


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Are open digital markets the upcoming big thing in India for e-commerce?

The man behind Aadhaar, the largest digital identification project in the world, and India’s widely praised payments revolution has discovered a new passion: democratising burgers and biryani. Chairman of Infosys Ltd. Nandan Nilekani’s newest venture into public-policy evangelism, Open Network Digital Commerce, is already causing concern for restaurant delivery systems.


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India’s GDP is still forecast to rise by 6.7% in 2024, according to the UN

According to a UN research, India’s economy is projected to expand by 6.7% in calendar year 2024, buoyed by strong domestic demand. However, rising interest rates and weaker global demand are predicted to continue to hamper investment and exports this year.


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Centre declares a $2 billion investment in the Semiconductor Laboratory in Mohali

India set off on an exhilarating new path that may enable it to quickly address the most challenging issues that used to take years to resolve, whether they relate to developing medications that are specifically tailored to each person’s unique genetic composition, monitoring the financial markets in real-time, or ensuring secure communication.


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Thermal power firms may transition to green energy faster than anticipated

In April and May this year, there have been two consequential news stories in the Indian energy sector. The first one is that NTPC Green Energy is set to be listed this year. The second news is that India will not approve any new coal plants beyond those already under construction.


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India is thinking about permitting foreign participation in the nuclear energy sector

In an effort to promote greener energy, the government is thinking about lifting a restriction on foreign investment in its nuclear power business and allowing more domestic private firms to participate.


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In April, India’s services sector growth reached an almost 13-year high

April saw the highest growth in new business and output in over 13 years for India’s services sector as a result of robust demand conditions. The service industry in India had a stellar month in April, with strong demand supporting the greatest gains in new business and output in less than 13 years. The sector with the fastest sectoral growth for both measures was finance & insurance.


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The Indian economy is strong, and GDP is expected to expand by 6% in FY23

In FY24, India’s gross domestic product (GDP) growth will be 6%. The Indian economy continues to show strength and stability despite the fact that the global macro economy continues to be distinguished by contradictions and dangers associated with financial system instability are becoming more prominent.


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A banking system that is strong enough to sustain increases in interest rates

According to the Finance Ministry, India’s banking system is “strong enough to survive” the stress brought on by rising interest rates and would continue to support economic growth.



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The forecast for the world economy is concerning: FM Indra Nirmala Sitharaman

Although the country’s GDP is expected to increase by more than 6% this year, India is nonetheless concerned about the geopolitical situation and the world economy. In its most recent World Economic Outlook, the International Monetary Fund (IMF) issued a warning that a sharp tightening of financial conditions worldwide might have a significant impact on lending conditions and public budgets, particularly in emerging markets and developing countries.


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In 4-5 years, India hopes to grow the market for technological textiles to $40 billion

India currently ranks as the world’s fifth-largest manufacturer of technical textiles, with a market worth close to USD 22 billion. To meet these goals, focusing on increasing productivity at the production and supply-chain levels is necessary. Technical fabrics are valuable materials used in various fields, such as automotive, civil engineering, healthcare, agriculture, personal protection, and construction.


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India’s retail inflation eases to 5.66% in March, returning to the target range set by the RBI

According to figures from the Ministry of Statistics and Programme Implementation, India’s retail inflation fell to a 15-month low of 5.66% in March.



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According to FinMin officials, RBI should prioritise inflation over growth

The Reserve Bank of India (RBI) should prioritise reducing inflation down within the mandated range of 2–6%, according to officials in the finance ministry, even if doing so has a negative impact on economic growth.



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India and the EU expedite negotiations for a free trade pact

During the fourth round of negotiations, which ended last month in Brussels, India and the European Union (EU) sped up work on the negotiating texts for a free trade agreement (FTA) and began talking about the specifics of the exchange of offers on market access for goods, services, investments, and public procurement.


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By March 2028, India will publish tenders for 250 GW of new renewable energy capacity

According to a government letter, India will launch tenders for the installation of 250 GW of green energy capacity by March 2028 as part of its effort to reduce emissions by 45% from 2005 levels.


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A contract to switch to renewable energy will be signed between Sri Lanka and India

As the island nation strives to meet 70% of its electricity needs from renewable sources by 2030, Sri Lanka will sign a memorandum of understanding (MoU) with India to promote renewable energy. The Indian government has declared a desire to strengthen the market for renewable energy by promoting and enabling the use of biomass, solar, and wind energy for power generation.


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In 2023, the Indian e-grocery market will expand into tier 2 and beyond

The Indian e-grocery market, which is currently predominantly dominated by slotted delivery, is likely to expand in tier 2 and beyond regions, led by horizontal firms, with rapid commerce The widespread use of fast commerce in cities between 2019 and 2022 can be credited with the enormous rise in the Indian e-grocery business. adoption expected to remain stable.



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India invested more than $240 billion in the water sector

India has committed more than 240 billion dollars in investments to the water industry and is currently carrying out the world’s largest dam rehabilitation programme in addition to measures to raise groundwater levels.




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By 2047, India can become energy independent

By 2047, when it will celebrate 100 years of independence, India can become energy independent. It was found that gaining energy independence would benefit India significantly in terms of the economy, environment, and energy, including USD 2.5 trillion in consumer savings through 2047, a 90% reduction in fossil fuel import expenditure, or USD 240 billion annually, an improvement in India’s industrial competitiveness globally, and the ability to meet its net-zero commitment sooner than expected.


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Corporates are optimistic about green hydrogen and could invest Rs 16 trillion in ten years

One of the most well-liked alternative energy sources is green hydrogen. Up to Rs 16 trillion in investment is anticipated over the next ten years. According to industry experts, increasing the cost-effectiveness and viability of green hydrogen in the nation will require both governmental assistance and technological breakthroughs.


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Inflation is anticipated to decline for the coming year

Ashima Goyal, a member of the RBI Monetary Policy Committee (MPC), stated that the government’s supply-side policies in conjunction with a flexible inflation-targeting system have kept the rate of price growth lower than that in other nations, and that inflation is expected to decline over the course of the year.


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India and the US sign an agreement on a joint innovation and supply chain for semiconductors

A memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership was signed by India and the US on Friday during the Commercial Dialogue 2023.


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Indian AI matrix by the beginning of April: Rajeev Chandrasekhar, MoS IT

India will have an artificial intelligence (AI) programme loaded with massive datasets that will support business owners in the fintech and digital-led industries.



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Developing and developed countries must have distinct sustainability objectives

Developed and developing nations must have separate objectives and timetables while remaining mindful of one another’s requirements, future objectives, and sustainability plans. In the worldwide initiative to make the earth safer and greener, India’s relationship with the UK and the EU is significant.


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Indian technology market could reach $245 billion in FY23, up 8.4%

In FY23, the Indian technology sector is expected to expand by 8.4% to reach a value of USD 245 billion. The industry lobby reported in its strategic review that the sector generated USD 226 billion in revenues in FY22. Around 2% of the revenue growth has been lost due to currency headwinds.


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