Economy

The National Bamboo Mission and the Government e-Marketplace (GeM) have been working together for having a dedicated window on the GeM portal for marketing of the Bamboo Goods (Bamboo based products & Quality Planting Materials). Resultant to the collaboration, a dedicated window “The Green Gold Collection” for bamboo products was launched by the Union Minister of State for Agriculture Shri Parshottam Rupala

According to the report, the number of internet users in urban areas stood at 323 million, accounting for 67% of the India’s urban population and registered a 2x growth as compared to rural areas. Digital adoption in rural areas of the country registered an increase of 13%, recording 299 million internet users in 2020, accounting for 31% of the country’s rural population.

India’s merchandise exports in May 2021 was US$ 32.21 billion, an increase of 67.39% over US$ 19.24 billion in May 2020 and an increase of 7.93% over US$ 29.85 billion in May 2019. India’s merchandise exports in Apr-May 2021 was US$ 62.84 billion, an increase of 112.29% over US$ 29.6 billion in Apr-May 2020 and an increase of 12.44% over US$ 55.88 billion in Apr-May 2019.

In a breakthrough, the Indian Farmers Fertiliser Cooperative Limited (IFFCO) on Monday launched the Nano Urea Liquid, a nutrient to provide nitrogen to plants as an alternative to the conventional urea.

On Monday, according to a new report, last mile delivery market in India is expected to reach US$ 6-7 billion by 2024, following a parallel trend with markets in the US and China where the penetration has attained >10%.

According to the commerce and industry ministry data, production of natural gas, refinery products, steel, cement and electricity jumped by 25 per cent, 30.9 per cent, 400 per cent, 548.8 per cent and 38.7 per cent in April, as against (-) 19.9 per cent, (-) 24.2 per cent, (-) 82.8 per cent, (-) 85.2 per cent and (-) 22.9 per cent in April 2020, respectively.