IPA Staff
8128 stories by IPA Staff
India Will Be $34.7 Trillion Economy By 2047; Per Capita To Be $21,000: PHDCCI
NEW DELHI: The Indian economy will attain the size of $34.7 trillion by 2047, with per capita income of $21,000, a report by PHD Chamber of Commerce and Industry (PHDCCI) on ‘Viksit Bharat @2047’ said on Wednesday. The report projected that the share of agriculture in total gross domestic...
Government Plans Major Capital Goods Production Push
NEW DELHI: India is proposing to expand the ambit of a key capital goods promotion scheme to include more sectors such as pharmaceuticals and textiles. The current capital goods promotion scheme focuses heavily on electrical component and automobile manufacturing, and the government is now keen to extend support to...
Credit Demand, Low Liquidity Boost Deposit Rates At Banks
MUMBAI: Lenders raised deposit rates by an average 96 basis points through FY24 despite the Reserve Bank of India (RBI) holding policy rates steady since February 2023, a State Bank of India research report said this week, pointing to industry-wide efforts at deposit mobilisation to meet sustained credit demand...
States May Get 15% More Soft Loans For Capex; Total Kitty May Swell To Rs 1.5 Trillion
NEW DELHI: The Centre is likely to top up the 50-year interest-free capex loans to states by 15% to Rs 1.5 trillion in 2024-25 from Rs 1.3 trillion provided in the interim Budget. This is because of the increased demand from states for the liberal loan facility aimed at...
India Not Reaping Benefits Of Democratic Dividend: Raghuram Rajan
WASHINGTON: India is not reaping the benefits of democratic dividends, former RBI governor Raghuram Rajan said Tuesday, emphasizing that there is need to focus on improving the human capital and enhancing their skill sets. “I think we are in the midst of it (democratic dividend), but the problem is...
India Power Consumption Rises To 70.66 Billion Units In First Half Of April
NEW DELHI: India’s power consumption grew nearly 10 per cent year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose to...
Women Participation In Tech Roles In Non Tech Sectors To Grow By 2027: Report
MUMBAI: Women’s participation in technology roles in non-tech businesses is expected to grow by nearly a quarter by 2027 across all levels, including freshers, junior, mid-senior, leadership, and C-Suite levels, a report said on Wednesday. The tech women’s participation rate in non-tech industries stood at 19.4 lakh workforce in...
Funskool Seeks To Transform India Into Global Hub For Toy Manufacturing
CHENNAI: Toy manufacturer Funskool India, part of tyre major MRF Group, has taken up expansion at its manufacturing facilities in Tamil Nadu to make India a global hub for toy manufacturing. The expansion work at its premises in Ranipet, would effectively double the manufacturing capacities. The upgraded facilities in...
Daimler India To Foray Into Battery Electric Segment With New Gen eCanter
NEW DELHI: Daimler India Commercial Vehicles on Wednesday said it plans to foray into the domestic battery electric segment with the launch of the all-electric next-generation light duty truck eCanter in the next 6-12 months. The all-new next-generation eCanter had its world premiere in Japan and Europe in the...
INDIA Bloc Has An Edge Over NDA In First Phase Of Lok Sabha Election 2024
By Dr. Gyan Pathak On the day of closing of Election campaigns on April 17 for the first phase of Lok Sabha Election 2024 scheduled to be held on April 19, INDIA bloc seems to have an edge over NDA, though BJP is set to win largest number of...
