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Economy

Crowds at a wholesale vegetable market in Kolkata. According to the RBI, the real GDP growth for the first quarter of FY 2022-23 is projected at 17.2 per cent.

RBI says growth impulses strengthening, inflation trajectory favourable

India Global Business Staff

08 Oct 2021

4 min read

IN FOCUS

As many as 16 Merchant bankers are in a race to manage the much-awaited mega IPO of Life Insurance Corporation of India this year. The LIC IPO is a much anticipated and mega listing for FY 2020-21, and is a push forward towards the Indian government’s disinvestment plan.

India government moves ahead with LIC IPO plans

25 Aug 2021

4 min read

Traffic on Sheikh Zayed Road, one of Dubai’s main arteries. FTA’s with the UAE, UK and the EU are definitely on the cards now that the GoI has revamped its foreign trade strategy.

Why is India eyeing early-harvest trade deals with UAE, UK and EU?

India Global Business Staff

20 Aug 2021

5 min read

A container ship is being loaded in the port of Cochin in India. Exports are emerging as a critical growth engine for the Indian economy.

Globally Speaking

Exports to help India drive out of Covid

13 Aug 2021

5 min read

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) in Mumbai, India. Investors are increasingly focused on the strong fundamentals of the Indian economy as new coronavirus infections decline.

What are the factors orchestrating a resurgence in Indian business?

India Global Business Staff

10 Aug 2021

3 min read

Prime Minister Narendra Modi interacts with the Heads of Indian Missions abroad and stakeholders of the trade and commerce sector. The GoI is putting measures and schemes in place to ensure that the country is conducive for attracting international investors.

From vocal for local to going global, resurgent India seeks the centrestage

India Global Business Staff

09 Aug 2021

4 min read

A worker sorts delivery packages in a van outside an Amazon facility in Ahmedabad. The war of one up-manship in India’s retail sector has gone past the first round with India’s Supreme Court making a ruling in favour of Amazon, on the slump sale of Future Retail assets, over Reliance.

Amazon wins one round against Reliance in battle over Future Retail

09 Aug 2021

5 min read

Economy

The GoI has, through a bill introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman, sought to withdraw retrospective tax demands made on companies prior to May 28, 2012. That was the date on which the Congress-led UPA government’s retrospective tax became law.

GoI proves it is investor friendly by burying regressive retrospective tax law

06 Aug 2021

5 min read

Retail investors are flocking to the stock markets due to lack of too many other investment options in view of falling interest rates on fixed return instruments like fixed deposits.

Retail investors are driving current stock market rally in India

05 Aug 2021

4 min read

Indian exports saw an increase of 47.91 per cent over $23.78 billion in July 2020. A UN survey has further added to the positive outlook, noting that India has made noticeable progress in ease of cross-border trade.

UN: India boosts cross-border trade in pandemic

India Global Business Staff

05 Aug 2021

3 min read

Sarees and other garments are woven, bleached then dyed before being printed in the town of Pali, Jodhpur, before being distributed all over the subcontinent. The PLI scheme can potentially generate incremental revenues of $20 billion on additional investments of $3.3-4 billion.

PLI, textiles parks schemes could spur garments exports

29 Jul 2021

7 min read

An early sample of 240 quarterly results analysed by the group showed a steep rise in both revenues as well as profits, albeit on a truncated base – India was in the midst of the world’s most stringent lockdown in the April-June quarter of last year.

India’s corporate sector on the path to full recovery

26 Jul 2021

5 min read

Engineering goods along with merchandise exports, automobiles, petroleum products and gems and jewellery ensured that India stayed on the right side of the upward curve in the export segment despite the breakdowns brought about by the pandemic and lockdowns to industry.

India’s Q1 exports at a high, on track to hit $400 bn this fiscal

23 Jul 2021

5 min read

The owner of a "Kirana" or mom-and-pop grocery store goes through a transaction. The reopening of India’s kirana stores is boosting demand as consumers flock to them to buy daily necessities as well as satisfy pent-up demand.

India’s kirana stores drive recovery of consumer sales

22 Jul 2021

6 min read

Indian businesses made outbound foreign direct investments (FDI) of $12 billion in the first quarter of 2021-22, a three-fold increase over the outbound FDI of $4.15 billion in the corresponding April-June quarter in the previous financial year.

Outbound FDI from India rises 3x to $12 billion in April-June quarter

20 Jul 2021

4 min read

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Economy

India is planning to expand RuPay and UPI acceptance across world destinations, where Indians travel for holidays, study or profession.

India’s homegrown UPI for instant money transfer will go global soon

19 Jul 2021

4 min read

Raw jute being processed with colourful powders at a handloom factory. Indian exports were relatively resilient during the pandemic, declining only by 7 percent at $291 billion. As a result, India’s overall trade deficit with the world narrowed, for the first time in many years.

India goes past milestones in its journey of self-reliance

India Global Business Staff

19 Jul 2021

4 min read

Workers unloading cement from vessels from Bangladesh. India and Bangladesh are enjoying a newfound surge in trade and exports. The latter has become an able trade partner as exports to many of India’s traditional markets shrank because of the pandemic.

Exports in India bounce back to set off a wave of optimism for industries and investors

India Global Business Staff

14 Jul 2021

2 min read

An IndiGo Airlines aircraft flies above an advertisement of online marketplace Snapdeal featuring Bollywood actor Aamir Khan, in Mumbai. India’s e-commerce industry is estimated to rake in 40 million new online shoppers, while the number of online shoppers for the year is pegged at 190 million.

40 million reasons for India’s online sales boom?

India Global Business Staff

13 Jul 2021

4 min read

The inability of people to step out of their homes has come as a lifeline for companies specially startups. Things like shop from home, learn from home, transact from home, bank from home have gained traction, although these developments have received much less attention than the concept of the remote workplace.

WFH, shop from home, learn from home companies create thousands of new jobs

12 Jul 2021

5 min read

A Fedex employee scanning a bill at a courier station before delivery. The Indian e-commerce industry is set for unprecedented growth by 2025.

India’s e-commerce industry eyes a 141% boom by 2025

India Global Business Staff

07 Jul 2021

3 min read

Govt on course to meet divestment target, says Sitharaman

Govt on course to meet divestment target, says Sitharaman

07 Jul 2021

7 min read

Prime Minister Narendra Modi interacts virtually with the participants of Toycathon-2021, in New Delhi .The approval rating, which showed that two out of three Indians continue to support Modi.

Despite Covid, Modi remains most popular leader in the country

06 Jul 2021

4 min read

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Economy

In H1 2021 (January to June 2021), the total funding raised by Indian start-ups hit a historic peak of $10.8 billion raised over more than 600 funding deals.

Indian start-ups roar back to business in H1 2021

India Global Business Staff

06 Jul 2021

4 min read

A biker from the popular take away food delivery company Zomato in Rajasthan. India’s food service sector has emerged as a shining spot – forecast to grow strongly at a compound annual growth rate (CAGR) of 15.5% from the value of $117.5 billion in 2020 to $219.4 billion in 2025.

India's food service sector braces for quick growth

India Global Business Staff

02 Jul 2021

3 min read

A trader wearing protective hand gloves counts Indian currency notes at a market. FDI inflow into India is a validation that the world’s largest democracy continues to offer the prospect of strong and long-lasting returns to investors even during a pandemic.

What India's record FDI jump means for investors

India Global Business Staff

22 Jun 2021

4 min read

Indian minister of commerce Piyush Goyal has highlighted the government’s proactivity in introducing reforms and these steps have portrayed India’s agility and adaptability during the pandemic.

Reforms help India get over Covid-induced slowdown

22 Jun 2021

7 min read

Workers inside a factory as a state government initiated lockdown is lifted. Rising vaccination levels lift the confidence of consumers, pent-up demand is shoring up demand and sales in a host of sectors and industries.

Green shoots of growth visible in India as unlock process gains momentum

17 Jun 2021

5 min read

A skilled worker working on a lathe machine in his workshop at Anand Parbat Industrial Area during the unlocking process, as construction activities and factories resume in the ongoing Covid-19 lockdown by order of Delhi Government. The growth versus price control debate in India has begun in earnest as all eyes are on the economy.

Rising inflation in India not yet a cause for worry

16 Jun 2021

5 min read

IGF2021: Setting Vision & Ambition for the Post Pandemic World

IGF2021: Setting Vision & Ambition for the Post Pandemic World

India Global Business Staff

15 Jun 2021

3 min read

Crowds gather at a marketplace in Gurugram after lockdown was lifted. Prime Minister Narendra Modi’s announcement of universal free vaccines for the country’s entire adult population is providing tailwinds to the rising confidence of both industry and consumers.

As second Covid wave wanes, Indian industry quickly returning to normal

14 Jun 2021

4 min read

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Economy

A woman receiving a dose of the Covid-19 vaccine. All citizens above the age of 18 years free of cost. Once it starts rolling, the scheme is expected to restore the confidence of the people in their own and their country’s future.

India’s free vaccination scheme could trigger economic recovery

11 Jun 2021

5 min read

Monsoon rains are important for the Indian economy as they sustain about 50 per cent of India’s farms, for which it is the only source of water.

Monsoon sets in, augurs well for Covid-hit Indian economy

10 Jun 2021

5 min read

An Amazon pick up point in operation in India. The recent agreement among G-7 countries on a 15 per cent minimum corporate tax rate will have no impact on foreign companies like Apple, Google, Amazon and others operating in India.

Global minimum tax rate to help India retain attractiveness among investors

07 Jun 2021

5 min read

Shaktikanta Das, Governor of the Reserve Bank of India believes that unlike the first wave of Covid-19, where economy came to a standstill, economic impact during the second wave will be contained.

RBI’s policy stance could bring cheer to investors

04 Jun 2021

5 min read

Provided the pandemic can be contained quickly, GDP growth could still be around 10% in FY 2021-22 and 8.25% in FY 2022-23.

Why India is poised to grow at world's fastest rate despite pandemic

India Global Business Staff

01 Jun 2021

4 min read

The upward swings of the market also corresponded with Finance Minister Nirmala Sitharaman’s pronouncement that the government of India would not hold back on injecting funds into sectors like healthcare or meeting other requirements of the economy if the need for it was immediate.

Infections drop, markets rise, SII to ramp up vaccine manufacture

India Global Business Staff

31 May 2021

4 min read

Traders work on the floor as the Sensex and Nifty hit highs amidst the second pandemic wave across the country. Today’s GST Council meeting could provide more succour to the markets if positive announcements are made.

Indian markets fight back by injecting doses of optimism

India Global Business Staff

28 May 2021

4 min read

The declining Covid infection rates in the country is, by and large, having a positive effect on the markets and a strong year-end report is being forecast by experts.

Indian stocks are tipped for a strong showing by year-end

India Global Business Staff

27 May 2021

4 min read

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Economy

Gautam Adani, CM & Founder, Adani Group, along with several other top corporate heads have pitched in to help their company staff and support the fightback against the pandemics second wave across the country. pitched with cash donations as well as infrastructure support.

Social impact takes centerstage for Indian businesses

27 May 2021

5 min read

GoI could unleash economic package in certain sectors

GoI could unleash economic package in certain sectors

India Global Business Staff

25 May 2021

5 min read

Reliance Industries accounted for around 60% of FDI coming into the country which had blue-chip investors reaching deep into their pockets.

$100bn reasons why foreign investors have pumped FDI, FPI into India

21 May 2021

4 min read

Liquid Medical Oxygen cylinders arrive at Mumbai port from Kuwait. The second wave of the pandemic has not dented India’s reputation as a global supply chain frontrunner.

For India it’s all about the demand in supply chains

India Global Business Staff

18 May 2021

5 min read

Beneficiaries above 18 years old stand in a queue to get the COVID19 vaccine. Several international organisations have been forced to revise India’s GDP growth in the wake of the deadline second wave of the pandemic.

India’s economy desperately needs that shot in the arm from the vaccine

17 May 2021

6 min read

The crypto industry might be up for a taxing time in India

The crypto industry might be up for a taxing time in India

India Global Business Staff

12 May 2021

4 min read

RBI steps up support for healthcare, MSME and financial services sectors

RBI steps up support for healthcare, MSME and financial services sectors

06 May 2021

4 min read

US Secretary of State Antony Blinken and Indian Foreign Minister S. Jaishankar before the G7 summit in London. Both ministers agreed that their countries will continue to collaborate bilaterally, in Quad format and through multilateral initiatives.

The G7 committed to defending an international rules based order

India Global Business Staff

04 May 2021

4 min read

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Economy

Workers seen at a construction site in Mumbai. India's economy has not wavered much despite a surge in Covid-19 infections and Fitch Ratings have also affirmed that.

India's economic movement on track, despite the virus

India Global Business Staff

30 Apr 2021

3 min read

A street vendor waits for customers during the weekend lockdown. The country is facing the second wave of coronavirus. Companies said their sales could begin to take a hit from next month unless the Covid situation changes for the better.

Amidst the second pandemic wave, May was crucial for the Indian economy

28 Apr 2021

5 min read

With the second pandemic wave hitting India there is a chorus for a stimulus. The government and finance minister Nirmala Sitharaman contend that the GDP forecast remains unchanged.

Govt sticking to real growth forecast despite the second Covid wave

26 Apr 2021

5 min read

India Global Business

www.indiaglobalbusiness.com