The announcement of the Union Budget 2017 is barely a day left. Different sets of people expect different things from the budget. Women want a budget that will enhance their contribution to the economy. The youth expects a budget that will improve skill-based training. So, what are the small and …
Tag: GDP
How manufacturing units can regain lost ground
The environment for SMEs, especially those in manufacturing, is far from conducive. There is a cyclical downturn in global growth, hurting external demand and dragging down commodity prices. Domestic demand is sluggish due to slowdown in the investment cycle. India’s industrial output has fallen …
Make import of key raw materials duty-free for foundry sector
Indian foundry sector is the feeder industry to the manufacturing sector as it supports sectors like auto, auto components, railways, electric, cement etc which are the major contributors to India’s GDP. The Indian foundry industry is third largest globally with revenue at $ 18 billion & expo…
नोटबंदी का नहीं होगा असर, चीन के करीब आ रहा है भारत: वर्ल्ड इकॉनमिक फोरम
नोटबंदी के बाद से भले ही पीएम नरेंद्र मोदी पर विपक्ष और आर्थिक विश्लेषक हमला बोल रहे हैं, लेकिन वर्ल्ड इकॉनमिक फोरम से उनकी लिए राहत की खबर आई है। ब्लूमबर्ग की रिपोर्ट के मुताबिक वर्ल्ड इकॉनमिक फोरम में प्रकाशित स्टडीज और सर्वे में कहा गया है कि भारत की इकॉनमी के प्रति दुनिया का […]
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नोटबंदी: वर्ल्ड बैंक ने भारत की GDP ग्रोथ का अनुमान घटाया, लेकिन अभी भी चीन से आगे है भारत
नोटबंदी के चलते वर्ल्ड बैंक ने भारत की ग्रोथ का अनुमान फाइनेंशियल ईयर 2016-17 के लिए घटाकर 7 फीसदी कर दिया है। पहले वर्ल्ड बैंक ने 7.6 फीसदी जीडीपी ग्रोथ का अनुमान इस साल के लिए जताया था। हालांकि, बैंक ने यह भी कहा है कि 2017-18 में भारत की ग्रोथ रेट 7.6 फीसदी और […]
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Banks told by RBI to raise working capital limit for MSMEs
In a relief to small and medium enterprises hit by the cash crunch in the market and the consequent slowdown in the business, Reserve Bank on December 29 said banks may provide ‘additional working capital limit’ to Micro, Small and Medium Enterprises (MSME) borrowers. This would be a one-time mea…
FICCI launches initiative aimed at travel start-ups
As part of its mandate to enhance India’s digital drive in the travel and tourism industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its maiden initiative aimed at travel start-ups. ‘Travel Tech Launchpad’ will be a platform that encourages innovation and gr…
An anti-volatility shield for small players to manage risk
Amidst all policy efforts came one of the results of a litmus test, which showed India jumping 16 ranks to occupy the 39th rank on the World Economic Forum’s (WEF) Global Competitiveness Index 2016-17, becoming the second most competitive BRICS economy. One of the factors on which countries were …
Demonetisation | Impact assessment
India had its own 9/11, as it woke up to the demonetisation of high-value currency notes. It is arguably the boldest, newest, largest, riskiest and most influential reform since 1991. This exercise would cause inconvenience to everyone in the country in the short term but prove helpful in the med…
Textile sector second largest job provider, says Make in India report
Textiles sector has emerged as the second largest job provider in the country, employing nearly 51 million people directly and 68 million indirectly in 2015-16, the Commerce Ministry report on Make in India achievement said. The textile sector accounts for 10 per cent of the country’s manuf…