News on Indian Economy
To encourage aerospace and defence manufacturing, the State government has promoted an exclusive aerospace and defence park in 250 acres which can be expanded to 700 acres in Sriperumpudur, which is both an automobile and components and Electronics hub, he said.
“This, clubbed with the conducive environment for manufacturing industry enhanced via ‘Make in India’, has been a driving factor for our exemplary growth.”-Murali Viswanathan, Managing Director of Schott India
The Edelman trust barometer global report, released in Davos annually, for 2019 said trust in institutions in India rose by four points to 72 (a 60-100 score indicates trust), placing it at third spot with Indonesia and China ahead of it.
A universal basic income is a regular, guaranteed income paid by the government, universally and unconditionally, to all citizens. It is a cash payment that aims to replace the often confusing array of assistance that states offer to citizens and place spending decisions in the hands of recipients.
According to World Steel Association, India produced 96.92 million tonnes of crude steel during the first eleven months of 2018 compared to 92. 39 million tonnes during the same period of 2017, representing a growth of 4.9 per cent
The VTOL Aviation Pvt. Ltd., started by logistics entrepreneur Kalyan Chowdhury, in his mid-40s, is indigenously developing battery-operated air taxis that may be commercialized and deployed into service by 2025.
This has been the crucial achievement of the government over the past 4.75 years, that of having sustained India’s pace of growth while reigning in high levels of inflation that wrecked havoc during the term of the previous government.
India’s economy has been on a rapid growth trajectory in recent years, prompting some to predict that it will emerge as the second largest economy
“The 100 per cent household electrification under Saubhagya will be achieved by month end. The government has energised 2.44 crore households under the scheme till today,” the official said.
Sonowal said that Act East Policy has given impetus to the trade and business in the state and through it the state would become the gateway and business hub of South East Asia.
