Economy

Mumbai, September 19 (Meel Bijendra) – The Indian economy received a significant boost with the acceptance of digitalization by intermediaries across the value chain (consumers, suppliers, wholesalers/distributors), supported by better internet infrastructure and connectivity. India’s digital journey holds significant potential for growth, supported by the interest of large corporates to democratize data and serve stakeholders. … Read more

Gujarat, September 17 (Meel Bijendra) – India ranks fourth in the world in terms of renewable energy installed capacity, including large hydro. Apart from this, it also ranks fourth in both Wind Power capacity and Solar Power capacity. India announced its ambitious targets to install 500 GW of non-fossil fuel capacity by 2030, achieve net-zero … Read more

Mumbai, September 15 (Meel Bijendra) – Several developments over the past few years have helped shape India’s payments landscape, be it innovation in mobile payments infrastructure, continued regulatory support, or government initiatives to increase consumer and merchant acceptance. Given the growing shift towards a cashless economy and users’ preference for transactions via smartphones, mobile payments … Read more

Urbanization is one of the most important pillars of India’s development story. India’s total urban population at 508 million in 2022 was the second largest urban population in the world, second only to China. However, only 36% of India’s population is classified as urban, while the global average is around 57%. It is the pace … Read more

New Delhi, September 9 (MeelBijendra) – The G20 summit is being held in the Indian capital New Delhi on 9 and 10 September 2023 and India is hosting its 18th meeting. It is the first G20 summit held in South Asia and is being held at the Bharat Mandapam International Exhibition-Convention Center (IECC), Pragati Maidan, … Read more

BENGALURU, Aug 23 (MeelBijendra) – On Wednesday, 23 August 2023, at 6:03 pm IST, India successfully attempted LVM3-M4/Chandrayaan-3 to land on the Moon and is considered significant for its exploration of the Moon and establishing the country as a space power. The Indian Space Research Organization (ISRO) launched the spacecraft Chandrayaan-3 on 14 July 2023 … Read more

India is the fifth largest economy in the world with a gross domestic product (GDP) of about US$3.5 trillion in 2022, despite a period of sustained economic growth interrupted by the COVID-19 pandemic. The largest country in the Indian subcontinent located in South Asia, India’s GDP declined by 7.3% in 2020 due to the stringent … Read more

India is becoming a favorable market for fashion retailers. Factors like increase in income levels, improvement in consumer behavior, increase in demand from Tier 3, Tier 4 cities and rural markets, increase in youth spending led to growth in the Indian footwear industry. India’s retail market size was ₹55 trillion in 2020, growing at a … Read more