Ahead of the Reserve Bank of India’s first monetary policy review to be decided by a committee later on October 4, the World Bank has said India’s GDP growth will remain robust at 7.6 per cent in 2016 and 7.7 per cent in 2017. “In India, GDP growth will remain strong at 7.6 per …
Tag: GDP
Manufacturing growth slows in September
The country’s manufacturing growth has lost momentum with the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing performance, falling to 52.1 in September from 52.6 in August. This development comes just ahead of the RBI’s monetary policy rev…
Textile industry should innovate, think beyond cotton: Kaytee Corporation, MD, Premal Udani
The Indian should adapt, innovate and invest in the weaving and processing sectors as also market itself relentlessly to survive and sustain, said Premal Udani, Managing Director, Kaytee Corporation. Speaking as the Chief Guest address at the Southern India Mills’ Association’s 10th CEO Co…
Demand Gap of Rs 2.93 trillion in MSME financing needs to be filled for a double digit growth
With country’s population growing at a rate of about 1.7 per cent, there are few jobs available to the youth today. An economic slowdown too is affecting the job market. The best case scenario to earn a descent living thus, is to start something of your own. It could be a cottage industry, …
SME body demands separate Ministry in states for sector
Vadodara: An industry body of Micro and Small enterprises has sought for a separate ministry in states to address issues related to sector. The annual general meeting of the Laghu Udhyog Bharti (LUB) will be held on September 25 wherein issues related to the national MSME policy, GST and FDI will…
GST rollout a hell of a challenge, says Infosys CEO Vishal Sikka
Describing GST rollout “a hell of a challenge”, Infosys CEO Vishal Sikka acknowledged that there are pockets of weak preparedness, but there is still time to address them before the April 2017 deadline. “There are many pockets where there is weak preparedness at this moment. But we have time bet…
Kalraj Mishra to meet MSME bodies
Union Minister for Micro, Small & Medium Enterprises (MSME), Kalraj Mishra, will meet MSME and industry associations in Madhya Pradesh on September 14. He will be accompanied by Minister of State for MSME (MP govt), Sanjay Pathak. The MSME sector contributes around 9 per cent to India’s…
Indian online retail market to trail behind China: Report
The Indian online retail market will grow at a much slower pace as compared to China, says a new report by Kotak Institutional Equities which estimates gross sales or the value of merchandise sold on ecommerce platforms, referred to as GMV, to reach $28 billion by 2020. India’s online retai…
India to sustain 8-10% growth rate for next few years: Subramanian
Despite registering the slowest growth rate in the last six quarters in April-June period, India has the potential to sustain 8 to 10 per cent growth rate during the next two to three years, said Arvind Subramanian, Chief Economic Advisor. “First quarter GDP growth number came out yesterday. GDP …
Healthcare startups attract 8% B2C investments: Study
The road ahead for India’s healthcare sector is set to be revolutionised with the rising base of healthcare startups that recognize the need for making quality healthcare accessible to India’s billion plus population, according to a joint study by FICCI and KPMG in India titled –…