Business News: Economy & Markets

Shift from agriculture to manufacturing must for India’s growth: Amitabh Kant

Sukant Deepak | October 20, 2024 5:48 PM

Kasauli, Oct 20 (IANS) India’s G20 Sherpa and former NITI Aayog CEO Amitabh Kant contends that in order for India to grow at high rates of nine to ten per cent and become a developed economy by 2047, the country’s GDP has to grow by nine times and per capita income by eight times, with manufacturing and urbanisation playing a key role in the process.

UDAN scheme transforming aviation landscape, making air travel affordable: Centre

IANS | October 20, 2024 1:36 PM

New Delhi, Oct 20 (IANS) The Indian aviation landscape has undergone a significant transformation under the UDAN (Ude Desh ka Aam Nagrik) scheme, as the number of operational airports in the country doubled from 74 in 2014 to 157 in 2024 and the aim is to increase this number to 350-400 by 2047, the government said on Sunday.

India sees 14 pc growth in vehicle exports in H1 FY25

IANS | October 20, 2024 10:42 AM

New Delhi, Oct 20 (IANS) The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad.

Centre targets food grain production at 341.55 million metric tonnes in FY25

IANS | October 20, 2024 9:51 AM

New Delhi, Oct 20 (IANS) The government has set the national target of food grain production at 341.55 million metric tonnes in the financial year 2024-25.

BCAS engages airline CEOs in response to surge in hoax bomb threats

IANS | October 19, 2024 8:44 PM

New Delhi, Oct 19 (IANS) As a result of an alarming series of 70 bomb threats targeting flights operated by Indian airlines within just six days, the Bureau of Civil Aviation Security (BCAS) held a meeting with the Chief Executive Officers (CEOs) of the airlines here on Saturday.

GoM proposes to raise GST on luxury shoes, watches, aims revenue boost by Rs 22,000 cr

IANS | October 19, 2024 7:23 PM

New Delhi, Oct 19 (IANS) In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue.

Rural demand, festive push drive India smartphone market growth in July-Sep

IANS | October 19, 2024 7:02 PM

New Delhi, Oct 19 (IANS) Driven by rural demand ahead of the festive season, the Indian smartphone market grew 9 per cent in the July-September period, shipping 47.1 million units, according to a new report.

WTSA-2024: India leads standards development process at global level

IANS | October 19, 2024 6:52 PM

New Delhi, Oct 19 (IANS) Leading the standards development process at global level, India saw its candidates being elected in leadership positions in all 10 study groups of the International Telecommunication Union's (ITU) Standardisation sector (ITU-T), it was announced on Saturday.

Shipment of GenAI smartphones to surpass 730 million units by 2028

IANS | October 19, 2024 6:36 PM

New Delhi, Oct 19 (IANS) The shipment of generative AI (GenAI) smartphones is forecast to surpass 730 million units by 2028, according to a new report.

Funding momentum bounces back for Indian startups with over 300 pc jump

IANS | October 19, 2024 5:47 PM

New Delhi, Oct 19 (IANS) The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals -- an over 300 per cent jump from the $135 million raised last week.