News on Indian Economy
India hosts numerous 1 GW-plus solar parks, two of which are the largest commissioned in the world. The huge sites have been instrumental in driving economies of scale and continue to attract global capital and some of the most recognized renewables developers.
Around 74 per cent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute.
To push the Make in India initiative in the defence sector and lend a helping hand to the private sector and MSMEs, the Ministry of Defence (MoD)has started identifying projects that can be handed over to them. Sources have confirmed to Financial Express Online that “The MoD has started the process of identifying protects which can be fast-tracked and produced locally in India. This will not only help save the funds but will also help our MSMEs and the private sector.”
The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra Modi’s call to become “vocal for local” and further making it “global”. A day after the Prime Minister’s appeal for encouraging local products, the KVIC issued a slew of guidelines to expedite the implementation of projects under the flagship program PMEGP.
Hon’ble Prime Minister announced a Special economic and comprehensive package of Rs 20 lakh Crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
India’s share in the Asia-Pacific deal market increased to nearly 25 per cent in 2019 and the investment value was about 70 per cent higher than in 2018
India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of economic growth, energy security and environmental sustainability, the World Economic Forum (WEF) said on Wednesday.
The United States reached out to India and five other countries on Monday to kickstart a discussion on how to move the global economy forward in the wake of Covid-19 and to find ways to cut dependence on China. Israel, Brazil, Australia, Japan and South Korea were part of the videoconference and certain other like-minded countries may join the discussion at a later stage, according to people aware of the matter. Many of these countries share close trade and commercial links with China.
Hon’ble Prime Minister Shri Narendra Modi yesterday announced a Special economic and comprehensive package of Rs 20 lakh crores – equivalent to 10% of India’s GDP. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
Now that everything has come to a standstill, and the whole world is worried about the new paradigm, can Bharat step up to pacify and reassure the world by reinventing itself?
