https://www.ibef.org/ India Brand Equity Foundation (IBEF) The Indian manufacturing sector provides livelihood to more than 14 million people (43.4% of the workforce) and contributes ~16% to India’s GDP. The Indian government has prioritised growing the manufacturing sector over the last ten years with several policy initiatives introduced under the "Make in India" campaign. https://www.ibef.org/blogs/factors-driving-growth-in-the-indian-manufacturing-sector Wed, 07 Aug 2024 15:15:02 +0530 The Indian pharmaceutical industry has proved to be the major player in the domestic and international market. This supremacy has been achieved through an enduring process of manufacturing, competitive prices practice, and highly skilled staff. One of the major strategies for Indian pharma sector in terms of growth is its global expansion which is the key driver of this industry's performance. https://www.ibef.org/blogs/indian-pharma-industry-s-global-reach Wed, 24 Jul 2024 14:43:32 +0530 The hospitality industry is a developing and fast-growing market in India, and it has a powerful positive effect on the country’s economy and the tourism levels. Famous for its diversity of culture, heritage and natural landscape, India draws millions of Indian and foreign travellers year in year out, leaving hotels as a very important part of hospitality services. The Indian hospitality industry has always been a blend of indigenous ways of living and advanced bookings, with accommodation from grand palaces and world-class hotels to budget inns, boutique hotels, Yog ashrams, and homestays. https://www.ibef.org/blogs/growth-of-hotel-industry-in-india Thu, 18 Jul 2024 14:09:35 +0530 In India, traditionally, sports are viewed more as leisure activities than as promising careers. Sports were typically considered as secondary interests, with career goals naturally leaning towards fields such as engineering, medicine, commerce, or civil services. Social norms, lack of facilities, scarcity of financial incentives and predominance of some sports—like cricket—over others were some of the causes of this way of thinking. The growth and development of athletes in India across disciplines have been hampered by the belief that sports do not represent a long-term viable profession. This has resulted in talent being underutilised, economic growth prospects being lost and limited international recognition in sports other than cricket. However, in recent years, due to the support by the government and personal choices, the younger generation's perception is shifting towards choosing a career in sports. The main goal in this study is to examine the elements that influence Indians' evolving views on sports as a career. In addition, we attempt to assess the financial effects of this change on individual athletes and the country at large.   https://www.ibef.org/blogs/sports-as-a-profession-in-india-and-its-economic-impact Mon, 15 Jul 2024 16:31:17 +0530 India, the country where millions of travellers come to seek spiritual fulfilment as part of their tourism journey, makes it an integral part of India’s tourism sector. The spiritual travel activities also enhance cultural immersion and personal enlightenment. In this case study, we look at the economic effects and prospects of growth in spiritual tourism and its influence on the economy of a nation and local communities, as well as cultural heritage preservation. Through analysis of key trends, challenges, and opportunities around how this form of pilgrimage affects economic activity but also fosters greater understanding between different faiths within the Indian spirituality scene. https://www.ibef.org/blogs/spiritual-tourism-in-india-analysing-economic-impact-and-growth-potential Tue, 28 May 2024 14:37:47 +0530 Mutual funds play an indispensable role in capital markets, serving as a gateway for individuals and institutions to access a diverse range of securities. The Indian mutual fund industry has undergone a profound transformation over the past decade, showcasing remarkable resilience and expansion. The industry's assets under management (AUM) surged from US$ 108.8 billion (Rs. 9 Lakh Crore) in January 2014 to US$ 635.3 billion (Rs. 52.7 lakh crore), growing six-fold over ten years. This exponential rise can be attributed to a number of factors beyond market fluctuations. In this case study, we aim to present a thorough analysis of the mutual fund industry in India, focusing on the overarching landscape and exploring the key factors that underpin the recent boom in mutual fund investments in the country. This discussion also delves into the profound significance of mutual funds within capital markets, emphasizing their pivotal functions in fostering investment, managing risk, and enhancing market efficiency and liquidity. https://www.ibef.org/blogs/financial-resurgence-a-comprehensive-exploration-of-the-recent-boom-in-mutual-fund-investments-in-india Wed, 08 May 2024 11:40:58 +0530 The logistics industry plays a vital role in the dynamic economic landscape of India by enabling the efficient movement of goods and services throughout the country's large territory. As India strives to realise its ambitious economic goals, including achieving a GDP of US$ 5.5 trillion by 2027, the transformation of its logistics sector emerges as a pressing imperative. Given its pivotal role in supporting various industries, from manufacturing to agriculture and e-commerce, the logistics sector faces a myriad of challenges, and offers a number of opportunities. In this case study, we delve into India's logistics ecosystem, exploring the hurdles impeding its efficiency and growth, while also highlighting the pathways towards innovation and sustainable development. Through a comprehensive analysis of the sector's dynamics, we aim to uncover actionable insights that can inform strategic interventions and nurture the emergence of a more agile, resilient, and competitive logistics infrastructure in India. https://www.ibef.org/blogs/transforming-india-s-logistics-sector-challenges-and-opportunities Thu, 02 May 2024 14:25:55 +0530 As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to foster economic growth while embracing India's diverse cultural heritage. This case study delves into the burgeoning trend of investor interest in such ventures, focusing on the unique challenges and opportunities they present. https://www.ibef.org/blogs/promoting-indigenous-start-ups-case-study-of-investor-interest-in-small-town-start-ups Wed, 10 Apr 2024 12:46:44 +0530 The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January 13, 1970. Spearheaded by India's National Dairy Development Board (NDDB), It is the most extensive dairy development initiative globally. The initiative aimed to empower dairy farmers in steering their own development and gaining control over the resources they generate. https://www.ibef.org/blogs/india-s-white-revolution Tue, 19 Mar 2024 17:00:35 +0530 Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health and prevent illnesses. Beyond a mere medicinal approach, Ayurveda embodies a lifestyle that enables individuals to nurture themselves by aligning with the natural rhythms of existence. https://www.ibef.org/blogs/the-growth-of-ayurveda-in-india Thu, 22 Feb 2024 16:40:51 +0530 India's digital ecosystem has undergone an enormous change in recent years. The progressive integration of government services into digital platforms has made grassroots delivery of those services swift and effective. With just one click, citizens can now access these programs and get the help they require in a matter of seconds. https://www.ibef.org/blogs/the-success-of-digital-india Fri, 16 Feb 2024 12:01:12 +0530 Kala Cotton is indigenous to India and one of the few “Old World” varieties that is still being cultivated on a large scale in India. Farmers in Gujarat can grow mung beans or cotton. If there is less rain in a season, they decide to plant cotton. This cotton thrives on only the rain that falls in a season, and it is very resistant to disease and pests, which makes it a sustainable crop. https://www.ibef.org/blogs/a-green-sustainable-cotton-kala-cotton Tue, 06 Feb 2024 11:34:24 +0530 Over the last decade, India has seen consistent growth in the personal care and cosmetics market with increasing shelf space in boutiques and retail stores across the country. Many multinational brands have entered the Indian market, primarily aided by dedicated support structure and their respective pricing strategies. The Indian cosmetics industry is majorly categorised into skin care, hair care, oral care, fragrances, and colour cosmetics segments. The overall market share is expected to grow to US$ 20 billion by 2025 with a Compound Annual Growth Rate (CAGR) of 25%. On the other hand, the global cosmetics industry is growing at 4.3% CAGR and will reach US$ 450 billion by 2025. https://www.ibef.org/blogs/growth-of-the-cosmetic-indusry-in-india Wed, 20 Dec 2023 14:34:44 +0530 Sustainable mobility (electric mobility) contributes to a significant role in the economic development of a nation and supports the improvement of the lives of people, both in rural and urban areas. To ensure a better quality of life and make progress towards achieving climate goals, it’s important to bring the availability of affordable, accessible, inclusive, and safe mobility solutions for the nation. One preferred choice for effective transportation is shared, connected, and clean mobility solutions. To reduce emissions in the transportation sector, India is significantly transitioning towards a transportation model that promotes the use of alternative fuel vehicles and Electric Vehicles (EVs) to achieve zero or low carbon emissions. https://www.ibef.org/blogs/electric-vehicle-driving-sustainable-mobility-in-india Fri, 10 Nov 2023 13:39:37 +0530 In recent years, India has rapidly emerged as a global powerhouse in the startup ecosystem. With a vibrant entrepreneurial spirit, a massive pool of skilled professionals, and a growing appetite for innovation, India has transformed into a hub for startups across various sectors. https://www.ibef.org/blogs/the-emergence-of-india-as-a-global-startup-hub Mon, 16 Oct 2023 16:49:31 +0530 A surge of disruptive opportunities has been sparked throughout the world as a result of the quick and broad adoption of 5G technology. India, one of the economies with the greatest growth rates in the world and a hive of technical innovation, is well-positioned to profit greatly from the adoption of 5G technology. The fifth generation of wireless technology, or 5G, is a substantial improvement over earlier generations. https://www.ibef.org/blogs/impact-of-5g-technology-on-indian-industries Mon, 09 Oct 2023 14:47:50 +0530 The millets industry in India has emerged as a beacon of hope and progress, symbolizing the nation's commitment to health, sustainability, and prosperity. As one of the oldest cultivated grains known to humankind, millets have long been an integral part of Indian culture, offering its people a rich source of nourishment. In recent years, with a global shift towards embracing healthier and sustainable food choices, millets have garnered widespread attention for their impressive nutritional profile and ecological benefits. This surge in demand has reinvigorated India's millet industry, propelling it to the forefront of the global market. By fostering a thriving millet production and consumption ecosystem, India has safeguarded its ancient culinary heritage and fostered socio-economic growth, without compromising on the environment's wellbeing. https://www.ibef.org/blogs/millets-the-nutritional-powerhouse Tue, 26 Sep 2023 14:51:52 +0530 The Indian healthcare industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. Due to its expanding coverage, services, and rising public and private entity spending, the business is expanding extremely fast. https://www.ibef.org/blogs/revolutionizing-healthcare-in-india Thu, 03 Aug 2023 14:29:40 +0530 The agricultural supply chain in India is a vital component of the nation's economy, rural development, and food security. With its diverse agro-climatic zones, India cultivates a wide range of crops, including cereals, fruits, vegetables, and spices, ensuring a diverse and nutritious diet for its population. This diversity provides farmers with multiple income opportunities. https://www.ibef.org/blogs/the-success-of-e-nam-in-india Tue, 18 Jul 2023 11:42:00 +0530 Non-Banking Financial Corporations (NBFCs) have emerged as the primary source of financing for a vast section of the population including small and medium-scale enterprises as well as the economically unserved and underserved individuals. https://www.ibef.org/blogs/nbfcs-building-the-future-of-india Wed, 14 Jun 2023 15:25:17 +0530 A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks to separate growth from the consumption of finite resources by being restorative and regenerative by design, in contrast to the 'take-make-dispose' linear economy. It works on principles of reuse, reduce, recycle, refurbish/repair, and remanufacture. https://www.ibef.org/blogs/sustainable-circular-economy-in-india Tue, 23 May 2023 12:05:40 +0530 Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level cognitive processes like thinking, perceiving, learning, problem-solving and decision-making with advancements in data collection, aggregation, analytics, and computer processing power. The goal of AI systems is to tackle complex problems in similar ways to human logic and reasoning. https://www.ibef.org/blogs/future-of-data-science-and-ai-in-india Tue, 09 May 2023 14:49:43 +0530 India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. India has the fastest-growing service sector which is contributing over 50% to the country’s GDP. This sector has witnessed 10.8% growth in the first half of 2021-22 and as per first advance estimates, the gross value added (GVA) in the service sector is estimated to grow at 9.1% in FY23. https://www.ibef.org/blogs/service-sector-contribution-to-india-s-gdp Tue, 09 May 2023 14:42:06 +0530 Digital transformation has been phraseology for the past decade, with businesses and industries across the world realizing the importance of embracing technology to stay competitive and relevant. One sector that has been particularly affected by this trend is the financial sector. https://www.ibef.org/blogs/digital-transformation-shaping-the-future-of-the-finance-industry Mon, 24 Apr 2023 11:23:58 +0530 In the fast-increasing world, energy consumption has already raised concerns over their excessive use of resources and subsequent environmental impacts. Being a developing nation, power consumption in India has been increasing at a greater pace. https://www.ibef.org/blogs/impact-of-the-energy-sector-on-india-s-economic-growth Tue, 18 Apr 2023 12:26:32 +0530 The automobile Industry in India is considered one of the most important economic sectors in terms of revenue. It comprises a wide range of companies and organizations involved in designing and developing motor vehicles. It is also one of the most important drivers of the economic growth of India and also one with high participation in global value chains. https://www.ibef.org/blogs/the-future-outlook-and-the-export-performance-of-the-indian-auto-industry Fri, 14 Apr 2023 10:50:40 +0530 Education has always been a prominent sector in the development and growth of India, and the government has always been focused on implementing policies with respect to education to create more opportunities in this industry. https://www.ibef.org/blogs/growth-and-expansion-of-india-s-edtech-industry Fri, 24 Feb 2023 14:51:21 +0530 India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market by 2024. Indian aviation also contributed 5% of the GDP, creating a total of 4 million jobs. In addition to it, there is a US$ 72 billion gross value-added contribution to GDP by this industry. https://www.ibef.org/blogs/rise-of-the-indian-aviation-market Fri, 03 Feb 2023 12:50:06 +0530 Agriculture plays a crucial role in developing India's economy. According to Census 2011, almost 54.6% of the country's workforce is engaged in agriculture and allied sector activities, accounting for approximately 18.8% of Gross Value Added (GVA) for 2021-22. Given the importance of agriculture in India, the government has taken multiple steps for its development. https://www.ibef.org/blogs/india-s-agritech-ecosystem Wed, 25 Jan 2023 14:07:18 +0530 Due to the enormous potential of the Indian market, local businesses have been encouraged to develop their technical skills, meet high-quality requirements, and expand their capabilities across a wide range of sectors of the growing plastics industry. https://www.ibef.org/blogs/india-s-plastic-industry Wed, 11 Jan 2023 12:20:16 +0530 The Indian electronics industry is one of the most rapidly growing industries worldwide. Electronic products have continuously impacted and shaped our lifestyles in the current digital era. The advent of technology has led to seamless activities and accelerated the digital revolution to the next level. Furthermore, demand for electronic devices is anticipated to rise steadily and continue to be a key economic driver worldwide. https://www.ibef.org/blogs/india-s-electronics-manufacturing-and-export-market Fri, 06 Jan 2023 18:13:19 +0530 Agriculture is the foundation of India's livelihood, civilisation, culture and heritage. With a population of 1.39 billion, India is the second-most populous country in the world and is expected to overtake China as the most populated by 2027-30. With 328 million hectares (Mha) of land, India is the world's seventh largest country. https://www.ibef.org/blogs/importance-of-india-s-agriculture-economy Wed, 28 Dec 2022 14:05:12 +0530 The Indian food processing industry is among the largest in the nation in terms of growth, production, consumption and exports. The industry produces several food products such as meat, poultry, fisheries, fruits, vegetables, spices, milk and milk products, alcoholic beverages, plantations and grains. https://www.ibef.org/blogs/india-s-food-processing-industry Mon, 14 Nov 2022 12:10:03 +0530 Technological advancements have revolutionised the industry and businesses in the past few years, thus influencing the production process and supply chain. Industry 4.0 has integrated new technologies, for instance, cloud computing, AI, analytics and machine learning, into operations and production processes, unveiling a new generation of smart techniques. https://www.ibef.org/blogs/india-s-artificial-intelligence-revolution Fri, 21 Oct 2022 09:36:30 +0530 India is one of the world's fastest-growing economies, and infrastructure will play a massive role in helping the country take a huge development and economic leap. Lately, the sector has attracted intense focus from the government, devising policies for creating a truly best-in-class infrastructure in the country. https://www.ibef.org/blogs/india-s-infrastructure-ambitions Tue, 04 Oct 2022 13:46:31 +0530 India’s services industry is vast and the country has significant global standing in terms of services produced and exported. The sector contributes over 50% to GDP; from April 2021 to January 2022, services accounted for 53% of the Gross Value Added (GVA) and this is expected to increase by 8.2%. At the state level, the service sector accounts for more than 50% of the Gross State Value Added (GSVA) of 12 states in the country. https://www.ibef.org/blogs/service-exports-moving-up-the-value-chain Fri, 09 Sep 2022 16:50:06 +0530 The Indian armed forces are one of the most powerful forces in the world comprising three divisions: the Indian Army, Indian Navy and Indian Air Force. The Government of India is responsible for safeguarding the defence of India and its borders. The Global Firepower (GFP) annual defence review assigns ranks to different countries on 50 different factors including manpower, airpower, land forces, naval forces, natural resources, logistics, financials and geography. India emerged as the fourth best country in terms of its power index with a score of 0.0979 (0.0000 being perfect) towards the start of 2022. https://www.ibef.org/blogs/the-rise-of-india-s-defence-exports Mon, 01 Aug 2022 17:03:03 +0530 The global textile market is estimated to reach US$ 1,412.5 billion by 2028 and would expand at a CAGR of 4.4% from 2021 to 2028. Rapidly changing trends in the fashion industry, along with rising consumer awareness, are expected to drive the market. https://www.ibef.org/blogs/promoting-indian-textile-and-apparel-exports Tue, 28 Jun 2022 17:41:42 +0530 A cottage industry is a small business engaged in manufacturing and operated from the owner’s homes. Cottage industries form an important part of the Indian economy. Being a developing economy, cottage industries create employment opportunities and drive incomes, preserve local customs and traditions and popularise them by producing unique local products, allow flexibility to owners and workers, and so on. https://www.ibef.org/blogs/the-potential-of-cottage-industry-trade Wed, 22 Jun 2022 10:44:19 +0530 Climate change and global warming are the biggest threats of the present time and how the world manages to control pollution will define our future. Rising industrialization, urbanization, deforestation, forest fires, carbon emissions, etc., are endangering the natural ecosystem. Since 1880, the earth’s temperature has been rising at a rate of 0.14° F (0.08° C) per decade and the rate of increase has doubled since 1981 at 0.32° F (0.18° C) per decade. The 10 warmest years on record have occurred since 2015, with 2020 recorded as the second-warmest year as per the National Organic and Atmospheric Administration (NOAA). https://www.ibef.org/blogs/india-s-climate-vision Fri, 20 May 2022 15:52:09 +0530 Infrastructure is crucial to the development of any economy. Roads, railways, airways, and waterways enable connectivity with the outside world, facilitate trade and bring prosperity to the region. Advanced modes of transportation allow faster movement of goods and services. Improved connectivity helps in marketing as well as transporting products from the place of production to the market. Advanced infrastructure facilities have also enabled the creation of complex global supply chains. In economics terminology, infrastructure has a high multiplier effect. https://www.ibef.org/blogs/gati-shakti-programme Mon, 09 May 2022 16:55:48 +0530 India has a huge potential for digital payments. As of October 2021, the country had around 1.18 billion mobile connections, 700 million Internet users, and about 600 million smartphones. These numbers are growing rapidly each quarter. With about 25.5 billion real-time payment transactions, India ranked first in the world in terms of the number of transactions in 2020. https://www.ibef.org/blogs/digital-payments-and-their-impact-on-the-indian-economy Wed, 13 Apr 2022 12:42:47 +0530 India has the highest mobile data consumption in the world with approximately 1.18 billion mobile connections. This huge market has given immense importance to app development in the country. These apps have a wide variety of uses ranging from entertainment such as gaming and online shows to work which includes email and other tools. Other important benefits provided by apps are faster and easier communication, online education, etc. https://www.ibef.org/blogs/india-s-rapidly-evolving-app-development-market Sat, 26 Mar 2022 14:02:24 +0530 The Achievements of the Cooperative Movement in India, As per some detractors, the cooperative movement has been giving us several shortcomings but despite weaknesses is the truth, it has unbelievable achievements to its credit. Some of the important benefits of the cooperative movement like Economic benefits, Organic farming, etc. https://www.ibef.org/blogs/success-of-cooperatives-in-india Wed, 02 Mar 2022 12:57:37 +0530 Khadi (also known as khaddar) is one of the vital segments of the Indian textiles sector. Khadi is a hand-woven natural fibre cloth. The khadi cloth is made from hand-spun and hand-woven yarn from cotton, silk and wool fibre.  https://www.ibef.org/blogs/indian-khadi-market Wed, 19 Jan 2022 13:41:21 +0530 The services sector in India includes various industries such as healthcare, transport, information technology, business process outsourcing, hotels, restaurants, tourism logistics, transports, and space. In FY21, the sector accounted for ~54% of India’s total gross value added (GVA), a rise from the 51% recorded in FY16. https://www.ibef.org/blogs/indian-services-export-to-reach-us-1-trillion-by-2030 Fri, 07 Jan 2022 18:17:27 +0530 Horticulture deals with cultivation of garden crops, fruits and vegitables, while Floriculture focuses on cultivation of flowers and ornamental plants. https://www.ibef.org/blogs/india-emerging-as-global-hub-of-horticulture-and-floriculture Fri, 24 Dec 2021 11:50:41 +0530 In the Union Budget 2021-22, the Indian government announced a production-linked incentive (PLI) scheme for 13 sectors (including textiles) at an estimated outlay of Rs. 1.97 lakh crore (US$ 26.70 billion) to boost domestic production and employment https://www.ibef.org/blogs/production-linked-incentive-pli-scheme-in-the-textile-sector Mon, 29 Nov 2021 09:56:43 +0530 The number of pet families has risen in recent years, indicating a strong desire for pet is adopted by various families mainly during the COVID-19 pandemic providing them with various facilities like Advance Healthcare, Pet Insurance, food that helps in boosting their immune systems and personalised pet care touch. https://www.ibef.org/blogs/new-trends-in-animal-health-sector Fri, 19 Nov 2021 14:45:10 +0530 Energy and utilities sector adopts the new-age technologies like blockchain, artificial intelligence (AI), data analytics, cloud, machine learning (ML), and rob https://www.ibef.org/blogs/the-energy-and-utilities-sector-makes-use-of-cutting-edge-digital-technology Fri, 19 Nov 2021 14:42:14 +0530 A country's export numbers showcase its growth story. The Government of India has taken several initiatives over the years to boost the country’s exports. https://www.ibef.org/blogs/gi-certified-products-pushing-indian-exports Wed, 10 Nov 2021 08:09:37 +0530 Technology trends renovating the Indian motor insurance sector with the rapid emergence of new-age technology such as Artificial Intelligence (AI) and the Internet of Things (IoT). https://www.ibef.org/blogs/technology-trends-transforming-the-motor-insurance-sector-in-india Fri, 22 Oct 2021 17:36:46 +0530 Trends Enhancing the India’s Ecommerce Market https://www.ibef.org/blogs/trends-enhancing-ecommerce-market-in-india Fri, 22 Oct 2021 17:34:16 +0530 Indian White-Collar job market is on the rise, growing 89% in August; Recruitment activity exceeds pre-pandemic levels by 24%. https://www.ibef.org/blogs/indian-white-collar-job-market-displaying-strong-recovery-grows-89-in-august-hiring-activity-surpasses-pre-pandemic-levels-by-24 Mon, 11 Oct 2021 09:08:56 +0530 Faster merchandise distribution and e-commerce penetration to promote the urban logistics industry. https://www.ibef.org/blogs/faster-goods-distribution-and-e-commerce-penetration-to-drive-the-urban-logistics-industry Mon, 11 Oct 2021 09:05:56 +0530 The COVID-19 pandemic has had a significant influence on global trade and commerce, as well as economic indicators such as GDP, private consump https://www.ibef.org/blogs/indian-economy-in-the-fight-against-covid-19 Fri, 01 Oct 2021 19:36:50 +0530 Digital health service like adoption of Machine learning (ML), Artificial Intelligence (AI), Internet of Things (IoT), Digital Medical Records, Remote Health Monitoring Service and Hybrid model has been available since long in the healthcare sector, but COVID-19 brought in fundamental change in the industry resulting in attractive business opportunities and rising of funds. https://www.ibef.org/blogs/adoption-of-digital-technology-to-accelerated-funding-in-indian-healthcare-sector Mon, 27 Sep 2021 08:22:56 +0530 Rapid growth in the technology is giving immense popularity to Voice Search Industry by adopting new tech trends such as Artificial Intelligence, Machine Learning, IoT, Cloud Computing, Remote Access, SEO, Content Marketing in various sectors. https://www.ibef.org/blogs/tech-trends-to-play-greater-role-in-voice-search-industry-in-india Mon, 27 Sep 2021 08:16:06 +0530 International trade facilitates countries to procure adequate amount of foreign exchange reserves and promotes optimum utilisation of resources. Globalisation, liberalisation of investment transactions and development of financial markets have boosted international trade. https://www.ibef.org/blogs/role-of-exports-in-india-s-economic-growth Fri, 24 Sep 2021 08:10:28 +0530 Indian staffing industry ends FY'21 with modest 3.6 % growth despite the pandemic in major sectors like Healthcare, IT & ITeS, Pharma, EdTech, Ecommerce, Logistics, Manufacturing. https://www.ibef.org/blogs/india-s-staffing-industry-is-expanding-despite-pandemic Mon, 13 Sep 2021 01:17:39 +0530 Digital Payments are playing a crucial role in Indian retail sector during pandemic recovery with adopting enhanced technologies like UPI, Artificial Intelligence, Machine Learning, blockchain technology, cryptocurrencies, cloud- based payments. https://www.ibef.org/blogs/digital-payments-show-s-positive-sign-in-indian-retail-sector-during-second-wave Mon, 13 Sep 2021 01:13:03 +0530 In the last seven months, India's electric vehicle industry has received US$ 3.37 billion in investments. https://www.ibef.org/blogs/india-s-electric-vehicle-industry-records-us-3-37-billion-investments-in-last-7-months Fri, 27 Aug 2021 15:28:57 +0530 The National Hydrogen Mission will boost India's fight against climate change. https://www.ibef.org/blogs/india-s-fight-against-climate-change-will-be-aided-by-the-national-hydrogen-mission Fri, 27 Aug 2021 15:25:37 +0530 With swift rise of digitalisation, governments worldwide are incorporating and introducing technology into administrative processes and therefore, are quickly adopting e-governance. In fast-expanding and booming economies https://www.ibef.org/blogs/government-e-marketplace-gem Thu, 19 Aug 2021 16:25:28 +0530 Edutechs are assisting the manufacturing sector by collaborating to upskill their employees. https://www.ibef.org/blogs/edutechs-augmenting-the-manufacturing-sector-by-partnering-for-upskilling-their-workforce Mon, 16 Aug 2021 14:17:39 +0530 The government's push to promote agricultural and processed food exports throughout the world https://www.ibef.org/blogs/government-s-thrust-on-promoting-agricultural-and-processed-food-products-exports-across-the-globe Mon, 16 Aug 2021 14:15:24 +0530 As investors look for post-pandemic investments, the pace of India equity deals is expected to increase up. https://www.ibef.org/blogs/india-equity-deals-set-to-pick-up-pace-as-investors-hunt-post-pandemic-bets Sun, 01 Aug 2021 18:45:56 +0530 India is willing to expand its hydrogen supply chain and exploring the possibilities of green hydrogen as a transportation fuel. https://www.ibef.org/blogs/india-keen-to-augment-hydrogen-supply-chain-and-is-looking-for-prospects-about-green-hydrogen-as-transport-fuel Sun, 01 Aug 2021 18:42:53 +0530 This case study from IBEF focuses on the how production-linked incentive (PLI) scheme help in making India a competitive player in global markets and boost domestic manufacturing & exports. https://www.ibef.org/blogs/production-linked-incentive-pli-scheme-potential-to-boost-to-india-s-manufacturing-and-exports Sun, 25 Jul 2021 20:31:17 +0530 Indian aviation sector is expected to reach 80% of pre-COVID-19 capacity in the third quarter of FY22, according to Morgan Stanley. https://www.ibef.org/blogs/indian-aviation-sector-to-touch-80-of-pre-covid-capacity-in-q3-morgan-stanley Mon, 19 Jul 2021 08:49:10 +0530 India's media and entertainment industry is expected be the fastest growing globally and reach Rs. 4 lakh crore (US$ 53.64 billion) by 2025. https://www.ibef.org/blogs/india-s-media-entertainment-industry-to-be-fastest-growing-globally-hit-rs-4-lakh-crore-by-2025 Mon, 19 Jul 2021 08:46:34 +0530 Micro, Small & Medium Enterprises (MSMEs) have rapidly adopted online payments, with 72% of payments done through the digital mode as compared to 28% of cash transactions. https://www.ibef.org/blogs/msmes-go-digital-as-the-pandemic-rejigs-how-business-is-done-in-india-bluehost-survey Sun, 04 Jul 2021 16:24:19 +0530 National highways are estimated to offer > 15% returns via real estate development, according to JLL India. https://www.ibef.org/blogs/national-highways-offer-returns-over-15-via-realty-development-says-jll Sun, 04 Jul 2021 16:16:42 +0530 This case study from IBEF focuses on the established global and regional leadership positions by Indian brands in the international market.   https://www.ibef.org/blogs/impact-created-by-indian-brands-in-international-market Tue, 22 Jun 2021 19:29:56 +0530 IT and BPM sector in India remains to be the net recruiter of the skilled talent for the youth in the country and top five IT firms plan to add > 96,000 employees in FY22, according to the National Association of Software and Services Companies (NASSCOM). https://www.ibef.org/blogs/indian-it-sector-continues-to-be-net-hirer-top-5-companies-to-add-over-96-000-employees-nasscom Fri, 18 Jun 2021 17:20:08 +0530 According to a report published by KPMG, Indian online casual gaming market is projected to grow at Compound Annual Growth Rate (CAGR) of 29% between FY21 and FY25 to reach Rs. 169 billion (US$ 2.28 billion) by FY25 from Rs. 60 billion (US$ 809.15 million) in FY21. https://www.ibef.org/blogs/india-s-online-casual-gaming-segment-to-grow-at-29-cagr Fri, 18 Jun 2021 16:46:40 +0530 Reliance is likely to launch Google-backed 5G JioPhone and low-cost JioBook at Reliance AGM (annual general meeting) on June 24, 2021. https://www.ibef.org/blogs/google-backed-5g-jiophone-low-cost-jiobook-likely-to-launch-at-reliance-agm-on-june-24 Fri, 04 Jun 2021 17:03:04 +0530 Start-up India scheme has recognised 50,000 start-ups, which helped create 5.5 lakh jobs in the country. https://www.ibef.org/blogs/50-000-start-ups-recognized-by-start-up-india-scheme-have-created-5-5-lakh-jobs Fri, 04 Jun 2021 16:57:20 +0530 Aquaculture is one of the fastest-growing sectors in the world. India, with its vast coastal area, offers immense opportunities for fisheries in both marine and inland waters. https://www.ibef.org/blogs/opportunities-in-the-indian-aquaculture-industry Wed, 02 Jun 2021 20:15:02 +0530 Government is expected to provide incentive schemes for semiconductor and display fabs in the next six months. https://www.ibef.org/blogs/incentive-scheme-in-6-months-for-3-4-large-investments-to-set-up-fabless-display-units-it-secretary Mon, 24 May 2021 17:25:03 +0530 India is estimated to have 40 million 5G users in the first year when service is made available, according to Ericsson Report. https://www.ibef.org/blogs/40-million-indians-to-adopt-5g-in-1st-year-says-ericsson Mon, 24 May 2021 17:21:16 +0530 With its first case reported in Wuhan, China, in December 2019, COVID-19 quickly became a pandemic and global concern with millions of people getting infected and dying of this disease. https://www.ibef.org/blogs/the-journey-of-made-in-india-covid-19-vaccine Thu, 13 May 2021 11:12:48 +0530 Ports play an important role in the overall economic development of a country. India is one of the fastest-growing and large economies in the world, with a GDP growth rate of 6.1% as of 2018-19. Approximately 95% of India’s merchandise trade is done through sea ports https://www.ibef.org/blogs/india-s-maritime-sector Thu, 13 May 2021 07:33:20 +0530 Digital Transformation is driving the demand for new-age tech skills such as cloud engineers, artificial intelligence, machine learning, data science, etc. https://www.ibef.org/blogs/digital-transformation-new-age-tech-skills-see-rise-in-demand Tue, 11 May 2021 07:44:05 +0530 Reliance Retail became the second fastest growing retailer in the world. https://www.ibef.org/blogs/reliance-retail-becomes-the-second-fastest-growing-retailer-in-the-world Tue, 11 May 2021 07:40:41 +0530 The Consumer Durables sector witnesses’ major changes in consumer pattern and technological innovations posed by the effects of pandemic. https://www.ibef.org/blogs/trends-that-drive-consumer-durables-market-in-2021 Mon, 26 Apr 2021 07:06:31 +0530 Disruptive technologies like 5G, Artificial Intelligence, mobile edge computing and the rising demand from enterprise and residences will transform the telecom industry. https://www.ibef.org/blogs/telecom-industry-witnesses-new-trends-amid-disruptive-technologies-and-an-ever-rising-demand-from-residences-and-enterprises Mon, 26 Apr 2021 07:03:23 +0530 In recent years, India’s new age start-up companies have increased their focus on environmental awareness and are going beyond advocacy for plastic-free or paper-free workplaces. The latest agenda is to drive initiatives centred on responsibility towards sustainability. https://www.ibef.org/blogs/startups-helping-india-go-green Thu, 22 Apr 2021 08:40:35 +0530 On the back of extended lockdowns, the retail sector experiences some trends that could permanently change the outlook of Indian retail sector. https://www.ibef.org/blogs/new-trends-that-will-define-the-future-of-retail-in-india Sun, 11 Apr 2021 14:11:43 +0530 New trends in hiring and skillsets continue to rule over the WFH culture. https://www.ibef.org/blogs/hiring-and-skill-trends-to-watch-out-for-in-2021 Sun, 11 Apr 2021 14:06:11 +0530 New trends on rise in the tourism sector on the back of changing consumer preferences in the post-COVID world. https://www.ibef.org/blogs/consumer-trends-molding-the-future-of-tourism-sector Tue, 30 Mar 2021 02:44:46 +0530 Indian artisanal food market is a growing food category in the country on account of health-conscious consumers. https://www.ibef.org/blogs/artisanal-foods-a-new-food-category-indians-love Tue, 30 Mar 2021 02:39:48 +0530 Northeast India is the eastern most region of India comprising eight states—Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. https://www.ibef.org/blogs/blooming-northeast Fri, 19 Mar 2021 09:21:46 +0530 Several government departments and popular media houses have embraced Koo in a bid to boost effective freedom of speech and give more power to the homegrown microblogging site. https://www.ibef.org/blogs/koo-gains-popularity-with-indian-leaders Sun, 14 Mar 2021 20:55:41 +0530 The need to empower the farmers and procure a healthy food produce has induced support from various parts of the Indian governments to boost organic farming techniques. https://www.ibef.org/blogs/organic-farming-to-accelerate-india-s-atmanirbharta Sun, 14 Mar 2021 20:50:52 +0530 Luxury home buyers aim towards sustainability comfortable homes on account of the homebound situation leading to more and more developers embracing this transformation and constructing sustainable luxury offerings. https://www.ibef.org/blogs/5-trends-defining-the-growth-of-luxury-housing-in-post-covid-india Tue, 02 Mar 2021 10:59:09 +0530 The increasing economic importance of India’s rural economic growth is influencing India’s top fuel retailers to open more service stations in the countryside. https://www.ibef.org/blogs/indian-fuel-retailers-reviving-the-rural-india Tue, 02 Mar 2021 10:55:11 +0530 FDI into India rose by 13% in 2020, boosted by interest in the digital sector. While fund flows declined strongly in major economies such as the UK, the US and Russia due to the pandemic, India and China bucked the trend. https://www.ibef.org/blogs/india-attracts-13-more-fdi-in-2020-while-major-economies-witness-opposite-trend Sat, 13 Feb 2021 17:03:20 +0530 BNPL is set to become a permanent and substantial part of the online shopping experience in the post-pandemic era. https://www.ibef.org/blogs/buy-now-pay-later-bnpl-model-goes-mainstream-during-the-pandemic Sat, 13 Feb 2021 16:59:05 +0530 Small and Medium Businesses (SMBs) form the backbone of the Indian economy and make large contributions to the national economic indicators as well as household incomes.Digital technologies have transformed the operational landscape of SMBs, mainly led by consumers using mobile internet. https://www.ibef.org/blogs/digital-adoption-by-indian-smbs Fri, 12 Feb 2021 09:02:15 +0530 The Government of India is committed to provide all citizens with equal access to healthcare, and digital health is a key enabler for the effective transformation of the health ecosystem. https://www.ibef.org/blogs/india-s-digital-health-mission Mon, 01 Feb 2021 06:58:49 +0530 Media & Entertainment sector is witnessing ground breaking trends in technology adoption to enhance D2C video streaming, augmented and virtual reality, content personalisation experience and eSports broadcasting. https://www.ibef.org/blogs/digital-trends-transforming-media-and-entertainment-sector Sat, 30 Jan 2021 18:05:13 +0530 Blue Economy plays a significant role in becoming potential source of Atmanirbhar Bharat, which will see development of coastal infrastructure and generating opportunities in aquaculture. https://www.ibef.org/blogs/blue-economy-policy-to-strengthen-pm-s-aatamnirbharbharat-goal Sat, 30 Jan 2021 17:57:04 +0530 A gush of technological advancements, change in consumer behaviour, data analytics and creative minds have given rise to advanced in the Ecommerce sector space. https://www.ibef.org/blogs/changing-trends-and-future-of-ecommerce-in-india Sun, 17 Jan 2021 19:08:58 +0530 Textile and Fashion industry evolving with trends inspired by Covid-19, coupled with creative minds focused on sustainability initiatives. https://www.ibef.org/blogs/textile-and-fashion-industry-evolving-with-trends-inspired-by-covid-19-sustainability-initiatives-and-government-s-push Sun, 17 Jan 2021 19:04:18 +0530 India holds an important place in the global education industry. The country has one of the largest networks of higher education institutions in the world, with ~260 million students enrolled in >1.5 million schools and ~39,000 colleges, primarily dominated by the private sector. In India, the education market stood at US$ 100 billion in 2016 and is expected to reach US$ 180 billion by 2020, presenting itself as a lucrative opportunity for monetisation. https://www.ibef.org/blogs/future-of-ed-tech-in-india Thu, 14 Jan 2021 17:23:34 +0530 India is on the path of introducing the world's largest vaccination programme with the Drugs Controller General of India’s (DCGI) approval to the emergency use of two vaccines against Covid-19. https://www.ibef.org/blogs/india-will-soon-start-world-s-largest-vaccination-drive-pm-mr-modi Mon, 04 Jan 2021 17:40:26 +0530 India is expected to witness a US$ 200 billion market opportunity in core ICT in 2021. https://www.ibef.org/blogs/a-us-200-billion-opportunity-in-core-ict-awaits-india Mon, 04 Jan 2021 17:30:26 +0530 Children are very easily fascinated with high-end games such as Grand Theft Auto and can be lured even with McDonald’s Happy Meal or Kinder Joy toys. Remote-controlled helicopters and robots also have a separate fan base. Today, children have access to an assortment of toys that leave little to imagination. https://www.ibef.org/blogs/india-s-toy-story-an-overview Wed, 30 Dec 2020 08:40:54 +0530 Indian economy continues to expand as is demonstrated by the trends in foreign portfolio investment (FPI), foreign direct investment (FDI), and corporate bond m https://www.ibef.org/blogs/indian-growth-story-continues-as-is-demonstrated-by-the-trends-in-fpi-fdi-and-corporate-bond-market-flows Mon, 21 Dec 2020 12:11:11 +0530 NITI Aayog has released ‘Vision 2035, a Public Health Surveillance in India’ to further strengthen health systems, by suggesting mainstreaming of surveillance by making individual electronic health records the basis for surveillance. https://www.ibef.org/blogs/vision-2035-public-health-surveillance-in-india Mon, 21 Dec 2020 12:02:33 +0530 Technology is gradually seeping into every sphere of India’s food industry from agriculture to restaurants, food supply chain to food safety and packaging. https://www.ibef.org/blogs/technology-revolutionizing-india-s-food-sector Sun, 06 Dec 2020 22:31:31 +0530 Real-time data has become central to a lot of sectors and is likely to impact the insurance sector gradually. Technologies like Artificial Intelligence, Big Dat https://www.ibef.org/blogs/ai-data-analytics-heath-scorecard-and-more-changing-trends-and-future-of-health-insurance-in-india Sun, 06 Dec 2020 22:29:07 +0530 India is aiming to achieve the target of 450 gigawatts (GW) of renewable power by 2030, with an emphasis on growth-centric, industry-friendly and environment conscious plans. https://www.ibef.org/blogs/artificial-intelligence-ai-a-revolution-in-india-s-agriculture Sat, 21 Nov 2020 18:37:33 +0530 With the introduction of amended Social Security 2020 code, the future holds limitless possibilities for the gig economy, as more and more organisations and employees are inclining towards independent work dynamics. https://www.ibef.org/blogs/gig-economy-the-future-of-workforce Sat, 21 Nov 2020 18:30:00 +0530 India is aiming to achieve the target of 450 gigawatts (GW) of renewable power by 2030, with an emphasis on growth-centric, industry-friendly and environment conscious plans. https://www.ibef.org/blogs/india-is-showing-the-world-the-way-by-moving-forward-with-its-clean-energy-initiatives Mon, 02 Nov 2020 07:02:33 +0530 Niti Aayog Vice Chairman Rajiv Kumar affirms continuous government support to the domestic entrepreneurs, highlighting their role in upholding the country’s future growth plans. https://www.ibef.org/blogs/india-to-pursue-self-reliance-encourage-domestic-entrepreneurs-says-rajiv-kumar Mon, 02 Nov 2020 06:56:57 +0530 With people becoming health conscious, demand for athletic shoes has grown. Manufacturers are pursuing innovative strategies to widen footwear portfolio ranges to attract consumers. https://www.ibef.org/blogs/changing-footwear-trends-in-india Sun, 18 Oct 2020 15:15:49 +0530 India's start-up funding and deal activity has recovered to pre-COVID levels in September 2020, according to a report by TiE Delhi NCR and Zinnov. Four Indian start-ups even became unicorns. https://www.ibef.org/blogs/investments-in-indian-start-ups-have-reached-pre-covid-levels-investors-continued-to-support-late-stage-start-ups Sun, 18 Oct 2020 15:10:50 +0530 As the requisites of a pandemic-stricken economy become a reality, numerous companies are adapting and re-aligning their business models to match the new corporeality. The government is encouraging organisations to augment R&D centres and innovations to meet the demands of their domestic and worldwide customers. https://www.ibef.org/blogs/companies-adapting-biz-models-to-align-with-aatmanirbhar-bharat-reality Thu, 01 Oct 2020 06:51:08 +0530 The government introduced the ‘National Education Policy (NEP) 2020’, which outlines a comprehensive framework to develop education in the country. This new policy was drafted by K Kasturirangan, the former ISRO chief, and a team of experts and focusses on skilled-based learning. https://www.ibef.org/blogs/how-will-the-new-education-policy-make-india-ai-ready Thu, 01 Oct 2020 06:48:39 +0530 Social media platforms are shaping the way our democracies function through transformation of how the information is generated, disseminated, and consumed by the netizens. https://www.ibef.org/blogs/social-media-the-new-theatre-of-india-s-culture-wars Mon, 14 Sep 2020 06:50:08 +0530 The online gaming industry in India is on the cusp of a major shift, evolving from casual mobile games to competitive esports and professional video gaming. With competitions and tournaments across games and titles, the esports market is a vibrant mix of new and old gamers as well as professionals and amateurs alike. https://www.ibef.org/blogs/the-dawn-of-esports-in-india-dissecting-the-market-landscape-trends-and-more Mon, 14 Sep 2020 06:45:39 +0530 As on August 30, 2020, India's total COVID-19 recoveries crossed 27 lakh, exceeding the active cases by 3.55 times. https://www.ibef.org/blogs/india-s-maintains-its-high-recovery-rate-total-recoveries-cross-27-lakh Mon, 31 Aug 2020 13:30:00 +0530 The ‘eSanjeevani’ digital platform of the Ministry of Health and Family Welfare has completed 2 lakh tele-consultations. https://www.ibef.org/blogs/a-big-win-for-digital-india-health-ministry-s-esanjeevani-telemedicine-service-records-2-lakh-tele-consultations Thu, 20 Aug 2020 13:36:57 +0530 The exports of Agri commodities during March 2020 to June 2020 were Rs 25,552.7 crore (US$ 3.63 billion) against an export of Rs 20,734.8 crore (US$ 2.94 billion) during the same period in 2019, showing a sharp increase of 23.24 per cent. https://www.ibef.org/blogs/exports-of-agricultural-commodities-during-march-to-june-2020-increased-by-23-24-per-cent-compared-to-corresponding-period-in-2019 Wed, 19 Aug 2020 11:49:33 +0530 As on August 14, 2020, the total kharif crops have been sown on 1015.58 lakh hectare area against 935.70 lakh hectare area during the corresponding period of last year, thus increase in area coverage by 8.54 per cent compared to last year in the country. https://www.ibef.org/blogs/8-54-per-cent-increase-in-total-kharif-sowing-area-in-comparison-to-last-year Mon, 17 Aug 2020 21:38:28 +0530 Bank accounts opened under the Government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY) reached 40.05 crore and deposits in Jan Dhan bank accounts stood at more than Rs 1.30 lakh crore (US$ 18.44 billion). https://www.ibef.org/blogs/bank-accounts-opened-under-pradhan-mantri-jan-dhan-yojana-crosses-40-crore-mark Tue, 04 Aug 2020 12:36:52 +0530 The Unified Payments Interface (UPI) recorded the highest volume in July with 1.49 billion transactions. https://www.ibef.org/blogs/upi-clocks-its-highest-monthly-volume-with-1-5-billion-transactions-in-july Mon, 03 Aug 2020 12:01:31 +0530 The electric vehicle (EV) market is estimated to be a Rs 50,000 crore (US$ 7.09 billion) opportunity in India by 2025. https://www.ibef.org/blogs/electric-vehicle-market-likely-to-be-rs-50-000-crore-opportunity-in-india-by-2025-report Fri, 24 Jul 2020 16:37:45 +0530 The Indian online grocery market is estimated to exceed sales of about Rs 22,500 crore (US$ 3.19 billion) in 2020, witnessing a significant 76 per cent jump over the previous year. https://www.ibef.org/blogs/indian-online-grocery-market-can-exceed-us-3-billion-sales-in-2020-sanjiv-goenka Mon, 13 Jul 2020 19:34:32 +0530 Gross revenue of online fantasy sports operators increased three-fold to Rs 2,470 crore (US$ 350.40 million) in FY20 as compared to Rs 920 crore (US$ 130.51 million) in the previous fiscal, as per the joint report released by the Federation of Indian Fantasy Sports (FIFS) and KPMG. https://www.ibef.org/blogs/indian-fantasy-sports-platforms-report-three-fold-jump-in-fy20-revenue-study Fri, 10 Jul 2020 19:32:53 +0530 India's Global Real Estate Transparency Index ranking has improved by one notch to 34 on the back of regulatory reforms, better market data and green initiatives, according to property consultant JLL. https://www.ibef.org/blogs/india-ranks-34th-in-jll-s-global-realty-transparency-index Wed, 08 Jul 2020 19:30:58 +0530 Payments on Unified Payments Interface (UPI) hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore (US$ 37.17 billion) in June. https://www.ibef.org/blogs/upi-payments-hit-all-time-high-of-1-34-billion-transactions-in-june Mon, 06 Jul 2020 19:28:13 +0530 According to Reserve Bank of India (RBI), bank credit and deposits witnessed a growth of 6.18 per cent and 11 per cent to Rs 102.45 lakh crore (US4 1.45 trillion) and Rs 138.67 lakh crore (US4 1.96 trillion), respectively, in the fortnight ended June 19, 2020. https://www.ibef.org/blogs/bank-credit-grows-6-18-per-cent-deposits-11-per-cent-rbi-data Fri, 03 Jul 2020 19:26:08 +0530 Crop planting for the kharif, or summer-sown season, has jumped 40 per cent year-on-year, helped by the strong start of the monsoon season. https://www.ibef.org/blogs/kharif-planting-rises-40-per-cent-on-strong-monsoon-start Mon, 22 Jun 2020 19:24:08 +0530 India was the second biggest growth driver of primary energy consumption in the world in 2019, according to BP Statistical Review. https://www.ibef.org/blogs/india-2nd-biggest-driver-of-global-energy-consumption-in-2019-bp-statistical-review Thu, 18 Jun 2020 19:22:05 +0530 Indian companies pumped in US$ 22 billion worth of foreign direct investment (FDI) into the United States (US) and created 125,000 jobs, according to Confederation of Indian Industry (CII). https://www.ibef.org/blogs/indian-companies-pump-22-billion-in-us-as-fdi-cii-survey Wed, 17 Jun 2020 19:20:08 +0530 India’s foreign exchange reserves crossed the milestone US$ 500 billion mark for the first time in country’s history. https://www.ibef.org/blogs/india-s-forex-reserves-cross-half-trillion-dollars-for-the-first-time Tue, 16 Jun 2020 19:18:20 +0530 Around 15,000 megawatt (MW) of wind-solar hybrid capacity is expected to come up over the next five years in India, as government is focusing on increasing the share of renewable energy in the country. https://www.ibef.org/blogs/about-15-000-mw-of-wind-solar-hybrid-capacity-to-come-up-in-5-years-crisil Thu, 11 Jun 2020 19:16:10 +0530 India has overtaken Japan, becoming the nation with the fifth largest hydropower production capacity in the world with its total installed base at over 50 Gigawatt (GW) behind Canada, US, Brazil and China, according to International Hydropower Association (IHA). https://www.ibef.org/blogs/india-overtakes-japan-with-fifth-largest-hydropower-capacity-in-the-world Mon, 01 Jun 2020 19:13:24 +0530 Transport infrastructure sector in India holds an investment opportunity of US$ 575 billion in the next five years. https://www.ibef.org/blogs/us-575-billion-investment-opportunity-in-transport-infra-in-next-5-years-kearney Thu, 21 May 2020 18:59:53 +0530 The online video market in India is estimated to reach US$ 4 billion by 2025, with subscription services contributing more than US$ 1.5 billion while advertising accounting for US$ 2.5 billion. https://www.ibef.org/blogs/india-s-online-video-market-to-touch-us-4-billion-by-2025 Tue, 19 May 2020 18:49:14 +0530 The Minister of Agriculture and Farmers Welfare, Mr Narendra Singh Tomar launched integration of 177 new mandis with the National Agriculture Market (e-NAM) to strengthen agriculture marketing and facilitate farmers to sell their harvested produce through the online portal. https://www.ibef.org/blogs/177-new-mandis-from-10-states-uts-integrated-with-the-e-nam-platform-for-marketing-of-agricultural-produce Wed, 13 May 2020 18:47:05 +0530 Pradhan Mantri Bharatiya Janaushadhi Kendra (PMJAK) achieved a record sales turnover of Rs 52 crore (US$ 7.38 million) in the month of April 2020. https://www.ibef.org/blogs/during-covid-19-lockdown-janaushadhi-kendras-achieved-a-record-sales-turnover-of-52-crore-rupees-in-april-2020 Mon, 04 May 2020 18:43:59 +0530 In the calendar year 2019, India installed 7.3 GW of solar power across the country, establishing its position as the third-largest solar market in the world. https://www.ibef.org/blogs/india-installed-7-3-gw-of-solar-power-in-cy-2019 Thu, 30 Apr 2020 18:39:50 +0530 India's life insurance companies witnessed 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore (US$ 684.64 billion) during the fiscal ended March 2020. https://www.ibef.org/blogs/life-insurance-companies-register-11-4-per-cent-growth-in-premium-income-in-fy20 Tue, 28 Apr 2020 18:37:02 +0530 Electric vehicles sales, excluding e-rickshaws, in India witnessed a growth by 20 per cent at 1.56 lakh units in 2019-20 driven by two-wheelers. https://www.ibef.org/blogs/electric-vehicle-sales-in-india-up-20-per-cent-in-2019-20 Thu, 23 Apr 2020 18:28:15 +0530 The Agriculture Ministry has set the foodgrain production target at 298 million tonnes (mt) for the crop year 2020-21. https://www.ibef.org/blogs/govt-sets-foodgrain-production-target-at-298-million-tonnes-for-2020-21-crop-year Fri, 17 Apr 2020 18:23:15 +0530 Indian Railways Production Units, Workshops and field units have started manufacturing Personal Protective Equipment (PPE) Coveralls for medical and healthcare personnel who get directly exposed to the COVID-19 disease when working amongst infected patients. https://www.ibef.org/blogs/in-big-boost-to-provide-protection-to-health-care-professionals-in-fight-against-covid-19-indian-railways-plans-to-produce-over-30-000-coveralls-ppes-in-april-2020 Thu, 16 Apr 2020 18:18:34 +0530 More than 1.66 crore farmers and 1.28 lakh traders registered on e-NAM platform which was developed keeping in view the need of making marketing of commodities easier for farmers. https://www.ibef.org/blogs/national-agriculture-market-portal-e-nam-to-complete-four-years-on-14th-april-2020-helped-in-realizing-the-vision-of-one-nation-one-market-for-agri-produce-additional-415-mandis-to-take-the-total-numb Thu, 16 Apr 2020 18:07:40 +0530 The total traffic handled at Major Ports from April to March 2020 was 704.63 Million Tonnes as, showing an overall growth of 0.82 per cent in the traffic handled. https://www.ibef.org/blogs/total-traffic-handled-at-major-ports-from-april-to-march-2020-shows-0-82-per-cent-growth-in-tonnage Wed, 08 Apr 2020 18:03:28 +0530 NHAI has accomplished highest ever highway construction of 3,979 km of national highways in the financial Year 2019-20. https://www.ibef.org/blogs/nhai-achieves-highest-ever-construction-of-national-highways-in-fy-2019-20 Tue, 07 Apr 2020 17:52:25 +0530 Indian domestic passenger traffic witnessed an increase of 8.4 per cent in February as compared to the corresponding month in 2019. https://www.ibef.org/blogs/domestic-air-passenger-traffic-in-india-grew-by-8-4-per-cent-in-feb-iata Fri, 03 Apr 2020 17:32:53 +0530 The export of coir and coir products from India registered an all-time high record and reached Rs 2,757.90 crore (US$ 391.25 million) in 2019-20. https://www.ibef.org/blogs/india-records-all-time-high-export-of-coir-and-coir-products Thu, 16 Jul 2020 16:13:47 +0530 India has registered a trade surplus for the first time in almost 18 years. Merchandise exports in June 2020 stood at US$ 21.91 billion. https://www.ibef.org/blogs/india-turns-net-exporter-for-first-time-in-almost-two-decades-records-trade-surplus-in-june Thu, 16 Jul 2020 16:09:20 +0530 Mumbai: Family businesses in the country are on a growth trajectory, with 89 per cent of them expecting to grow in the next two years, according to a survey. https://www.ibef.org/blogs/89-pc-family-biz-in-india-expect-to-grow-in-next-2-years-survey Wed, 31 Jul 2019 08:12:58 +0530 New Delhi: About 64.94 million e-returns were submitted for assessment year (AY) 2018-19, which indicates an increase of 18.65 per cent from 2017-18, according to Mrs Nirmala Sitharaman, Minister of Finance and Minister of Corporate Affairs, Government of India. https://www.ibef.org/blogs/e-returns-for-ay-2018-19-up-18-65-nirmala-sitharaman Wed, 31 Jul 2019 08:11:41 +0530 New Delhi: India’s telecom subscriber base grew to 1,183.77 million in April 2019 on account of net mobile customers gain by Reliance Jio and BSNL, according to report by Telecom Regulatory Authority of India's (Trai). https://www.ibef.org/blogs/reliance-jio-bsnl-drive-telecom-subscriber-base-to-1-183-77-mn-in-april Sun, 16 Jun 2019 08:09:57 +0530 New Delhi: India's demand for polyester film, which is used in packaging, electronics and other industries, is projected to rise 10 per cent in the coming five years, according to report by Wood Mackenzie Chemicals. https://www.ibef.org/blogs/polyester-film-demand-in-india-to-grow-10pc-in-next-5-yrs-report Fri, 17 May 2019 20:09:42 +0530 Mumbai: Private equity (PE) and venture capital (VC) inflows in India increased 79 per cent year-on-year in April 2019 to US$ 4.4 billion on the back of inflows in infrastructure sector reaching US$ 1 billion during the month. https://www.ibef.org/blogs/infra-sector-has-pe-vc-inflows-jumping-79-in-apr-at-us-4-4-b Fri, 17 May 2019 20:08:00 +0530 New Delhi: Private equity (PE) and venture capital (VC) investments in India's consumer packaged goods (CPG) companies nearly doubled year-on-year to US$ 676 million in 2018, driven by rising interest of PE and VC firms in such companies. https://www.ibef.org/blogs/vcs-pe-firms-bet-big-on-packaged-consumer-goods-park-us-676-mn-in-2018 Fri, 17 May 2019 20:05:51 +0530 Hyderabad: India’s pharmaceutical exports reached US$ 19.14 billion in FY19, growing in double digits at 10.72 per cent after three years, according to the Pharmaceutical Export Promotion Council (Pharmexcil). https://www.ibef.org/blogs/indian-pharma-exports-hit-us-19-14-bn-report-double-digit-growth-after-3-yrs Fri, 03 May 2019 19:50:49 +0530 Chennai: Private equity (PE) and venture capital (VC) investments in India's electric vehicles (EVs) segment increased to Rs 160 crore (US$ 23 million) in 2018 and are expected to grow further. https://www.ibef.org/blogs/india-s-ev-industry-likely-to-see-higher-interest-from-pe-vc-investors Fri, 03 May 2019 19:48:32 +0530 New Delhi: India is expected to add 7-7.5 gigawatt (GW) of solar power capacity in FY20, which also includes 1 GW of rooftop solar capacity, according to ratings agency ICRA. https://www.ibef.org/blogs/icra-projects-7-7-5-gw-solar-power-capacity-addition-in-2019-20 Thu, 02 May 2019 19:46:18 +0530 New Delhi: Micro, small and medium enterprises (MSMEs) in India have the potential to create 10 million new jobs in the coming four to five years, according to a report by Nomura Research Institute. https://www.ibef.org/blogs/indian-msmes-can-create-1-crore-jobs-in-4-5-years-report Sat, 20 Apr 2019 09:01:54 +0530 New Delhi: India's steel demand is expected to rise 7 per cent in FY19, according to World Steel Association. https://www.ibef.org/blogs/steel-demand-in-india-expected-to-grow-above-7-pc-in-2019-2020-world-steel-association Sat, 20 Apr 2019 08:59:30 +0530 New Delhi: Domestic tyre demand in India is expected to expand 7-9 per cent between FY19 and FY23, according to ratings agency ICRA. https://www.ibef.org/blogs/icra-expects-domestic-tyre-demand-to-grow-7-9-between-fy-19-fy-23 Sat, 20 Apr 2019 08:57:08 +0530 New Delhi: India's cloud market is estimated to grow three-fold to US$ 7.1 billion by 2022, as reported by the National Association of Software and Services Companies (NASSCOM). https://www.ibef.org/blogs/india-s-cloud-market-to-cross-us-7-bn-by-2022-nasscom Fri, 05 Apr 2019 21:47:51 +0530 New Delhi: India is expected to be among the top 10 media and entertainment markets globally by 2021, according to a joint study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and PwC. https://www.ibef.org/blogs/india-to-be-among-top-10-media-markets-by-2021-study Fri, 05 Apr 2019 21:45:47 +0530 Mumbai: Sports sponsorship in India increased by 12 per cent to Rs 77.62 billion (US$ 1.13 billion) in 2018, according to a report by ESP Properties. https://www.ibef.org/blogs/sports-sponsorship-grew-by-12-led-by-cricket-in-2018-report Fri, 05 Apr 2019 21:44:20 +0530 Byju’s - The Learning app, known for its unconventional and practical methods of teaching, has grown rapidly over the years. The goal of the app was to make learning accessible, effective, engaging, and personalised for everyone. It initially started in 2011 in Bengaluru with a focus on K-12 (students in classes 4-12) and launched its eponymous flagship product in August 2015. Byju’s creates personalised learning journeys for individual students based on their proficiency levels and capabilities, which help them learn at their own pace and style. Byju’s adopted an online mode because children are primarily visual learners and learning through visual representations is exciting and easier for them. Also, as the country becomes more tech-savvy, people are getting more inclined towards education apps and parents are opening up to technology-backed learning. According to a recent report, out of 2,000 users surveyed, about 89 per cent were in favour of online learning. https://www.ibef.org/blogs/byju-s-reinventing-education Mon, 25 Mar 2019 18:54:30 +0530 Mumbai: India's information technology services sector is estimated to grow by up to 9 per cent in FY20, according to rating agency Icra. https://www.ibef.org/blogs/it-services-sector-may-register-growth-up-to-9-in-fy20 Fri, 22 Mar 2019 19:23:07 +0530 New Delhi: Net direct tax collection for by the Government of India for FY19 has surpassed Rs 10 lakh crore (US$ 138.60 billion) as on March 16, 2019. https://www.ibef.org/blogs/net-direct-tax-collection-crosses-rs-10-lakh-cr-mark Fri, 22 Mar 2019 19:20:29 +0530 Bhubaneswar: Logistics market in India is expected to reach US$ 215 billion by 2020, growing at a 10.5 per cent compounded annual growth rate (CAGR). https://www.ibef.org/blogs/logistics-market-seen-growing-10-5-a-year-to-reach-us-215-bn-by-2020-study Fri, 22 Mar 2019 19:17:23 +0530 New Delhi: Goods and services exports from India are expected to surpass US$ 500 billion in FY19, according to Mr Suresh Prabhu, Minister Commerce & Industry and Civil Aviation, Government of India. https://www.ibef.org/blogs/goods-and-services-exports-to-cross-usd-500-bn-this-fiscal-prabhu Fri, 08 Mar 2019 19:33:32 +0530 Barcelona: India is expected to become the world's second-largest 5G market within the next 10 years, according to Mr James Wu, President, South East Asia Region, Huawei Technologies. https://www.ibef.org/blogs/india-to-be-2nd-largest-5g-market-in-10-years-huawei Fri, 08 Mar 2019 19:32:08 +0530 Mumbai: India's online gaming industry is expected to grow at a CAGR of 22 per cent between FY18-23 to reach Rs 11,900 crore (US$ 1.68 billion) in FY23, on the back of rapid growth in digital infrastructure, according to a report by KPMG and Indian Federation of Sports Gaming. https://www.ibef.org/blogs/online-gaming-industry-eyes-rs-11-900-cr-revenue-by-fy23 Fri, 08 Mar 2019 19:30:18 +0530 Seoul: India would become a US$ 5 trillion economy soon and one of the top three economies in the world in the next 15 years, according to Mr Narendra Modi, Prime Minister of India. https://www.ibef.org/blogs/india-aims-to-be-among-world-s-top-3-economies-in-next-15-years-modi Fri, 22 Feb 2019 20:06:43 +0530 New Delhi: The total gross loan portfolio of India's microfinance industry grew 37 per cent year-on-year to Rs 65,090 crore (US$ 9.15 billion) in October-December 2018 quarter, according to a report by the Association of Conmmunity Development Finance Institution (Sa-Dhan). https://www.ibef.org/blogs/total-gross-loan-of-microfinance-industry-grows-6-pc-to-rs-65-090-cr-in-q3 Fri, 22 Feb 2019 20:04:47 +0530 New Delhi: India's merchandise exports grew 3.74 per cent year-on-year to US$ 26.36 billion and trade deficit narrowed to US$ 14.73 billion in January 2019. https://www.ibef.org/blogs/exports-grow-marginally-by-3-74-pc-in-jan-trade-deficit-narrows Fri, 22 Feb 2019 20:02:46 +0530 New Delhi: India has become the 6th largest economy in the world from being the 11th largest economy in 2013-14, according to Mr Piyush Goyal, Minister of Finance, Corporate Affairs, Railways and Coal, Government of India. https://www.ibef.org/blogs/fm-india-now-6th-largest-economy-in-the-world-with-high-growth Fri, 08 Feb 2019 19:11:56 +0530 Guwahati: Revenue of India's tourism sector grew 19.4 per cent year-on-year to US$ 234 billion in 2018, according to Mr K J Alphons, Minister of State (Independent Charge) of the Ministry of Tourism. https://www.ibef.org/blogs/tourism-generated-usd-234-bn-revenue-in-2018-alphons Fri, 08 Feb 2019 19:09:50 +0530 New Delhi: India's total exports of finished steel grew by 16.7 per cent to 9.62 million tonnes (MT) in FY18, according to Mr Vishnu Deo Sai, Minister of State for Steel, Government of India. https://www.ibef.org/blogs/16-7-increase-in-steel-export-in-2017-18 Fri, 08 Feb 2019 19:07:15 +0530 Zomato, an Indian start-up is in the business of online food ordering. It initially launched Foodiebay.com in Gurugram in 2008, a website that scanned menus and provided ratings and recommendations on restaurants. It soon expanded to cities like Kolkata, Mumbai, Pune and Bengaluru and renamed itself as Zomato in 2010. Presently the food ordering business has its presence in 24 countries and has achieved a milestone of 21 million monthly online food orders in India alone. https://www.ibef.org/blogs/zomato-top-of-the-food-chain Wed, 30 Jan 2019 12:38:03 +0530 Bhubaneswar: India became world's second largest steel producer in 2018 (up to November), with production of 96.92 million tonnes of crude steel, according to World Steel Association (worldsteel). https://www.ibef.org/blogs/india-pips-japan-to-be-second-largest-global-steel-producer Fri, 25 Jan 2019 18:53:17 +0530 New Delhi: India's exports to China increased 32 per cent year-on-year between June-November 2018, while exports to the US grew 12 per cent year-on-year in the same period, according to the Federation of Indian Export Organisations (FIEO). https://www.ibef.org/blogs/india-s-exports-up-32-pc-to-china-12-pc-to-us-during-june-nov-2018-fieo Fri, 25 Jan 2019 18:51:03 +0530 New Delhi: India's wheat production may surpass record 100 million tonnes (MT) in 2018-19 crop year, supported by favourable weather conditions in winter, according to Mr S K Malhotra, Agriculture Commissioner, Government of India. https://www.ibef.org/blogs/wheat-production-may-cross-record-100-mt-in-2018-19 Fri, 25 Jan 2019 18:48:51 +0530 New Delhi: India is slated to become world's third largest consumer market by 2030, with consumer spending increasing from current US$ 1.5 trillion to US$ 6 trillion, as per a report by the World Economic Forum (WEF). https://www.ibef.org/blogs/india-poised-to-become-third-largest-consumer-market-wef Fri, 11 Jan 2019 18:09:21 +0530 New Delhi: India Inc anticipates economic growth to grow over 7 per cent in the next 12 months, supported by various policy initiatives of the Government of India, according to a survey by PwC and Federation of Indian Chambers of Commerce & Industry (FICCI). https://www.ibef.org/blogs/india-inc-expects-over-7-pc-growth-in-next-12-months-survey Fri, 11 Jan 2019 18:06:56 +0530 Washington: India's GDP is projected to grow 7.3 per cent in FY19, on the back of increased consumption and investments in the country, as per the Global Economic Prospects report by World Bank. https://www.ibef.org/blogs/india-s-gdp-expected-to-grow-at-7-3-pc-in-2018-19 Fri, 11 Jan 2019 18:04:22 +0530 New Delhi: Internet of Things (IoT) can reach two billion connections in India with US$ 11.1 billion in revenue by 2022, according to a joint report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Ernst and Young. https://www.ibef.org/blogs/iot-to-unlock-revenues-worth-us-11-1-billion-by-2022-study Fri, 28 Dec 2018 17:41:51 +0530 New Delhi: Asset Under Management (AUM) by mutual funds in India increased by Rs 3 trillion (US$ 42.75 billion) in 2018, according to data provided by the Association of Mutual Funds in India (AMFI). https://www.ibef.org/blogs/mutual-funds-add-rs-3-lakh-cr-to-assets-base-in-2018-eyes-more-traction-in-new-year Fri, 28 Dec 2018 17:39:04 +0530 New Delhi: Two-wheeler sales in India are expected to grow by 8-10 per cent in FY19 on the back of increasing per capita income and positive farm sentiment, according to ratings agency, ICRA. https://www.ibef.org/blogs/two-wheeler-sales-likely-to-grow-at-8-10-pc-in-fy19-industry-outlook-stable-icra Fri, 28 Dec 2018 17:36:44 +0530 New Delhi: Growth in the Index of Industrial Production (IIP) rose to an 11-month high of 8.1 per cent in October 2018, on the back of strong growth in mining, manufacturing and capital goods production. https://www.ibef.org/blogs/industrial-production-jumps-in-oct-iip-growth-at-11-month-high-of-8-1 Fri, 14 Dec 2018 20:23:00 +0530 New Delhi: The Government of India is targeting to increase public health spending to 2.5 per cent of GDP by 2025, according to Mr Narendra Modi, Prime Minister of India. https://www.ibef.org/blogs/india-to-increase-public-health-spending-to-2-5-pc-of-gdp-pm Fri, 14 Dec 2018 20:20:02 +0530 Mumbai: The wealth of high net worth individuals (HNWI) in India is expected to grow to Rs 188 trillion (US$ 2.64 trillion) by 2021 from Rs 95 trillion (US$ 1.33 trillion) currently, as per India’s Quantum Leap report by IIFL Wealth Management Wealth and Wealth-X. https://www.ibef.org/blogs/india-s-wealthy-to-double-their-riches-to-rs-188-trn-in-5-years-report Fri, 14 Dec 2018 20:17:55 +0530 New Delhi: India's economy is expected to grow 7-7.4 per cent in FY19, according to National Council of Applied Economic Research (NCAER). https://www.ibef.org/blogs/indian-economy-likely-to-grow-at-7-7-4-per-cent-in-fy19-ncaer Fri, 30 Nov 2018 19:21:00 +0530 New Delhi: Investments by foreign portfolio investors (FPIs) in Indian capital markets have reached Rs 6,310 crore (US$ 886.50 million) in November 2018 (up to November 22, 2018). https://www.ibef.org/blogs/fpis-bullish-stance-continues-inflow-at-rs-6-310-cr-in-nov-so-far Fri, 30 Nov 2018 19:19:03 +0530 New Delhi: Indian khadi sales grew three-fold between FY15-18 to reach Rs 2,509 crore (US$ 352.49 million), according to Khadi and Village Industries Commission (KVIC) of India. https://www.ibef.org/blogs/khadi-sales-jump-3-folds-in-fy18-kvic-to-run-khadi-express-train-to-boost-sales Fri, 30 Nov 2018 19:17:06 +0530 Mumbai: The securitisation volumes have increased to around Rs 18,000 crore (US$ 2.48 billion) in October 2018, led by higher funding demand from non-banking financial companies (NBFCs) and housing finance companies (HFCs). https://www.ibef.org/blogs/securitisation-volumes-rise-to-rs-18-000-cr-in-oct-report Fri, 16 Nov 2018 19:43:26 +0530 New Delhi: India's solar power capacity increased to 27.4 gigawatt (GW) by September 2018, according to Bridge to India report. https://www.ibef.org/blogs/india-s-solar-capacity-at-27-4-gw-till-sept-end Fri, 16 Nov 2018 19:41:28 +0530 New Delhi: India's Engineering, Research & Development (ER&D) sector is projected to increase to US$ 42 billion by FY22; driven by rise of new-age technologies; according to Impact of Digital on ER&D report by Nasscom, Strategy& and PWC. https://www.ibef.org/blogs/india-er-d-market-to-grow-to-usd-42-bn-by-fy22-report Fri, 16 Nov 2018 19:39:09 +0530 New Delhi: India stood 77th in World Bank's Doing Business Report (DBR) 2019, recording a jump of 23 positions from its previous ranking. https://www.ibef.org/blogs/india-improves-rank-by-23-positions-in-ease-of-doing-business Fri, 02 Nov 2018 19:14:51 +0530 New Delhi: Smartphone sales in India rose 5 per cent year-on-year to an all-time high of 44 million units between July-September 2018, on the back of strong shipments by handset vendors ahead of the festive season, according to a report by Counterpoint Research. https://www.ibef.org/blogs/smartphone-shipment-in-q3-up-5-at-44-million-units Fri, 02 Nov 2018 19:11:29 +0530 New Delhi: The Central Board of Direct Taxes (CBDT) has reported an annual growth of 60 per cent in the number of tax payers to over 140,000 people earning more than Rs 1 crore (US$ 0.14 million)in the last four years. https://www.ibef.org/blogs/number-of-crorepatis-has-risen-by-60-pc-in-india-cbdt Fri, 02 Nov 2018 19:09:39 +0530 New Delhi: Venture Capital (VC) investments in India crossed US$ 2 billion between July-September 2018, more than doubling on a quarter-on-quarter basis, as per KPMG's Venture Pulse Q3 2018 report. https://www.ibef.org/blogs/india-vc-market-saw-investments-of-over-usd-2-bn-in-q3-kpmg Sat, 20 Oct 2018 08:53:49 +0530 New Delhi: Mutual funds in India collected Rs 7,727 crore (US$ 1.05 billion) through Systematic Investment Plans (SIPs) in September 2018, showing a year-on-year growth of 40 per cent, according to the Association of Mutual Funds in India (AMFI). https://www.ibef.org/blogs/mutual-funds-collection-via-sip-up-40-to-rs-7-727cr-in-sept-amid-volatile-mkts Sat, 20 Oct 2018 08:52:17 +0530 New Delhi: Foreign direct investment (FDI) inflows to India reached US$ 22 billion in the first half of 2018, according to the Investment Trends Monitor report by United Nations Conference on Trade and Development (UNCTAD). https://www.ibef.org/blogs/india-attracted-usd-22-bn-of-fdi-flows-in-first-half-of-2018-un-report Sat, 20 Oct 2018 08:50:24 +0530 New Delhi: Over Rs 29,000 crore (US$ 3.97 billion) have been raised by 10 Indian companies through retail issuance of non-convertible debentures (NCDs) during April-September 2018. https://www.ibef.org/blogs/fund-raising-via-ncd-surges-over-7-fold-to-rs-29-000-cr-in-apr-sep-fy-19 Fri, 05 Oct 2018 18:21:10 +0530 Mumbai: India's medical technology sector is expected to reach US$ 9.6 billion by 2022 from US$ 5.7 billion in 2017, according to a report released by PwC. https://www.ibef.org/blogs/medical-technology-sector-may-hit-9-6-bn-in-2022-report Fri, 05 Oct 2018 18:19:11 +0530 Mumbai: Salaries in India are expected to grow 10 per cent in 2019, the highest increase in the Asia Pacific (APAC) region, according to a report by Willis Towers Watson. https://www.ibef.org/blogs/salaries-in-india-may-rise-10-in-2019-highest-in-apac-study Fri, 05 Oct 2018 18:17:07 +0530 New Delhi: India's exports have increased 19.21 per cent year-on-year in August 2018 to US$ 27.84 billion, according to Mr Suresh Prabhu, Minister of Commerce and Industry and Aviation, Government of India. https://www.ibef.org/blogs/exports-up-19-21-in-august-trade-deficit-at-us-17-4-bn Fri, 21 Sep 2018 18:16:21 +0530 New Delhi: Total assets handled by portfolio managers in India increased 12 per cent year-on-year to Rs 14.8 trillion (US$ 204.48 billion) in August 2018 mainly due to increase in number of clients. https://www.ibef.org/blogs/portfolio-managers-assets-swell-by-12-to-rs-14-8-lakh-cr-till-aug-end Fri, 21 Sep 2018 18:13:47 +0530 New Delhi: Private Equity (PE) investments worth US$ 12.84 billion were announced during January-August 2018 and the outlook for PE investments remains buoyant, according to Grant Thornton's PE Dealtracker. https://www.ibef.org/blogs/pe-investment-deal-tally-touches-usd-12-84-bn-in-jan-aug-report Fri, 21 Sep 2018 18:11:50 +0530 https://www.ibef.org/blogs/apeda-e-brochure-2013 Thu, 13 Sep 2018 15:41:24 +0530 Darwinbox is a comprehensive and integrated Human Resource (HR) software that provides a one-stop solution to all the technical aspects of the HR department. From recruitment to performance management and to exit management, Darwinbox takes care of all the HR related needs across the employee life cycle including payroll, leave, transfer, etc. The makers of Darwinbox believe in product superiority and market-fit to drive success in long run. https://www.ibef.org/blogs/darwinbox-redefining-hr Mon, 10 Sep 2018 13:21:18 +0530 New Delhi: Capital spending by large companies in India has increased 33 per cent to Rs 4.63 trillion (US$ 64.53 billion) in 2017-18. https://www.ibef.org/blogs/capital-spending-by-some-of-india-inc-s-larger-firms-up-33-to-rs-4-63-trn Fri, 07 Sep 2018 19:10:15 +0530 New Delhi: Mutual Funds' (MF) asset base in India surged by 8.41 per cent month-on-month to Rs 25 trillion (US$ 347.70 billion) in August 2018. https://www.ibef.org/blogs/mutual-funds-asset-base-reaches-all-time-high-of-rs-25-lakh-crore Fri, 07 Sep 2018 19:07:55 +0530 New Delhi: India's retail market is expected to touch Rs 80 trillion (US$ 1.12 trillion) mark in 2020 with a 20 per cent contribution from organised retail, as per a joint report by Deloitte and Retailer's Association of India https://www.ibef.org/blogs/india-s-retail-market-likely-to-touch-rs-80-trillion-in-2020-says-report Fri, 07 Sep 2018 18:55:04 +0530 New Delhi: Telecom subscribers’ base in India has increased 1.33 per cent month-on-month to 116.8 crore subscribers in June 2018. https://www.ibef.org/blogs/telecom-subscribers-base-up-marginally-at-116-8-crore-in-june Fri, 24 Aug 2018 20:27:56 +0530 Mumbai: Market capitalisation of the firms listed on BSE has reached Rs 157 trillion (US$ 2,273.62 billion), touching a seven-month high since January 2018. https://www.ibef.org/blogs/market-capitalisation-of-bse-listed-firms-hits-a-new-high-of-rs-157-trn Fri, 24 Aug 2018 20:25:49 +0530 Mumbai: Mutual Fund (MF's) asset base in India is expected to double to Rs 50 trillion (US$ 724.08 billion) in the next five years. https://www.ibef.org/blogs/mf-industry-aum-to-hit-rs-50-lakh-cr-in-next-5-yrs-deepak-parekh Fri, 24 Aug 2018 20:23:32 +0530 New York: India’s GDP is expected to increase 7.3 per cent in 2018-19 and 7.5 per cent in 2019-20, driven by increase in investments and private consumption, as per the new forecast by the International Monetary Fund (IMF). https://www.ibef.org/blogs/imf-forecasts-indias-gdp-to-grow-at-75-per-cent-in-201920-fiscal-year Fri, 10 Aug 2018 19:54:28 +0530 New Delhi: India's mutual fund industry grew at the rate of 17 per cent year-on-year while the retail segment recorded a growth of 34 per cent year-on-year as the retail assets hit an all-time high by crossing Rs 10 trillion (US$ 145.35 billion) in July 2018, according to Mr N S Venkatesh, Chief Executive, Association of Mutual Funds in India (Amfi). https://www.ibef.org/blogs/mf-retail-assets-crossing-rs-10-trn-a-big-achievement-amfis-n-s-venkatesh Fri, 10 Aug 2018 19:51:12 +0530 New Delhi: Mobile wallet transactions in India increased 4.2 per cent month-on-month in June 2018 to Rs 14,632 crore (US$ 2.13 billion), as per data from Reserve Bank of India (RBI). https://www.ibef.org/blogs/mobile-wallet-transactions-hit-record-837714632-crore-in-june-shows-rbi-data Fri, 10 Aug 2018 19:46:43 +0530 Zuper is a B2B Software as a Service (SaaS) offering for organizations, irrespective of shape and size. It is the first in Asia to offer voice biometrics-based timesheet management of workforce. Zuper offers an end to end platform to bring together the power of people, process, product and promise with mobility and Internet of Things. Organisations using Zuper have increased workforce utilisation by over 50 per cent, reduced services turnaround time by over 35 per cent, increased customer adoption and profitability by over 45 per cent and reduced costs by over 30 per cent. https://www.ibef.org/blogs/zuper-dynamic-disruptor Wed, 28 Feb 2018 18:57:36 +0530 Smartivity strives to focus on mind-and-body engagement for children in the era in which most technology-based products are created for entertainment and offer passive engagement and mind-numbing experiences. Their products encourage children to become ‘makers’ instead of ‘consumers’ by bridging the gap between the physical and digital worlds with the help of Do IT Yourself (DIY) activities, Augmented Reality (AR) products, virtual reality etc. The company aims to inspire children to make things with their hands and give them unique sense of accomplishment, pride and ownership. Smartivity has an in-house team of product designers for their products – both physical and technology. https://www.ibef.org/blogs/smartivity-making-learning-smarter Sun, 31 Dec 2017 18:54:14 +0530 Increasing demands for mobile phones in the market has created a huge market for mobile phone accessories. Ambrane, a start-up startedwith Rs1 million (US$ 14,518) in 2012, is one of the major market players for mobile phone accessories like power bank, cable chargers, earphones etc. The company enjoys 15-20 per cent market share in the power bank category and is present on all the major e-retail websites like Flipkart, Amazon and Snapdeal. Ambrane has sold more than a million products across the country and is present in 2 and 3 tier cities as well. The company also plans to diversify the range of products and enter into the audio category as well with about 30 new audio products. https://www.ibef.org/blogs/ambrane-powering-the-future Mon, 30 Oct 2017 18:49:32 +0530 Netmed.com (India ki pharmacy), is an online portal for medicines where one can upload the prescription, order medicines, and get them delivered at the doorstep. The company came into being in 2015 and since then it is trying to make all the modern medicines available and affordable for all with a hybrid inventory/marketplace model. Netmed.com takes full responsibility for every order from receiving and venting prescriptions, to taking payments and then finally sourcing the products. The company is partner with Third Party Logistic (3PL) which handles the delivery part of the process. https://www.ibef.org/blogs/netmed-com-just-a-click-away Thu, 03 Aug 2017 18:46:01 +0530 The shift from buying books at traditional book stores to buying books online is posing a threat to the publishing industry. In 2009, one publisher named Ralph Möller realized that the Internet is where the users are. With an initial investment of €25,000 (Rs 1.84 million) and the motivation to find new ways to sustain sales, Ralph partnered with WITS Interactive to develop a tool that would use the power of the internet and social media to market and promote books. This led to the creation of Book2Look, which makes the point of discovery the point of sale! Book2Look already has more than 115,000 books available from over 1,200 publishers and more than 5,000 self- publishing authors. So far, over 75 million users across 240 countries have viewed biblets with an average of over 15 pages and spent 15 minutes on each visit. https://www.ibef.org/blogs/between-the-covers Sun, 30 Apr 2017 18:42:52 +0530 Who thought banning plastic bags by the municipal corporation of Mangalore could spark the thought of creating eco-friendly products. Well, Mr Aswath Hegde, founder, EnviGreen Biotech Private Limited did. With a passion to preserve the environment and perseverance to achieve it, he and his friends created a 100 per cent biodegradable product, an alternate for plastic bags. These products are completely eco-friendly since it dissolves quickly in hot water and decomposes soon under natural conditions. The Government of India’s initiatives like ‘Make in India’ and ‘Swachh Bharat’ too helps in creating awareness about such products.   https://www.ibef.org/blogs/clean-n-green Tue, 28 Feb 2017 18:16:51 +0530 As businesses change rapidly to embrace new technologies, innovations in the field of augmented reality (AR) and virtual reality (VR) have revolutionized customer buying experience. Mr Hemanth Satyanarayana, the founder of Imaginate Software Labs, having spent a decade working in the VR/AR space, got the idea of creating something in this field while shopping in a textile shop in India. Its flagship product Dressy, a virtual trial room, got good response from clients as well as went on to win the MIT TR35 Innovator of the Year Award. https://www.ibef.org/blogs/reality-of-the-future Fri, 30 Dec 2016 18:16:51 +0530 With unwavering focus on low operating cost and high efficiency, Vortex Engineering has developed a reliable and secure range of ATMs that have changed the face of banking in India. Efforts such as these assume more significance in the wake of the recent demonetisation drive by the government and help in India’s journey towards a cashless economy. https://www.ibef.org/blogs/redesigning-the-financial-landscape Sun, 30 Oct 2016 18:16:51 +0530 K Chandrasekhar founder of Forus Health has created 3Nethra, a compact portable optical diagnostic machine that can be used by ophthalmologists in any place or conditions. The inspiration behind the creation of 3Nethra was to treat preventable blindness, which comprise of 80 per cent of blind population of India, which itself has one-third of the world’s blind population. https://www.ibef.org/blogs/3nethra-providing-vision-of-hope Fri, 30 Sep 2016 18:16:51 +0530 Narayana Peesapaty, a former researcher at the International Water Management Institute of Hyderabad, has created an innovative edible cutlery, mainly made out of sorghum. https://www.ibef.org/blogs/cutlery-you-can-eat Fri, 03 Jun 2016 18:16:51 +0530 Krispian Lawrence co-founded Ducere Technologies with Anirudh Sharma in 2011. Lechal is the outcome of their concerted efforts to use haptics in the wearable technology space. https://www.ibef.org/blogs/a-big-step-forward Mon, 29 Aug 2016 18:15:37 +0530 Ajit Narayanan, an electrical engineer from Indian Institute of Technology Madras (IIT Madras), is the inventor of Avaz, India's first augmentative and alternative communication device for children with disabilities. It all began when he started working with Vidyasagar, a school for children with special needs, in Chennai. After studying various technologies in the market as well as some prototypes developed by IIT Madras professors, he developed several prototypes for students of Vidyasagar, culminating in a working prototype good enough for the children to give useful feedback. https://www.ibef.org/blogs/the-voice-of-indian-innovation Mon, 29 Jun 2015 18:11:44 +0530 eToilets, the self-flushing, self-monitoring technology-based sanitation solution, is no longer a dream, but has been brought into reality by Eram Scientific Solutions (ESS). The easily portable eToilet is indigenous revenue generating, innovatively designed and engineered public sanitation model with a unique ambience to suit Indian cities and urban locations. Laced with sensors, it detects usage and is pre-programmed to automatically clean itself after every use. Made with stainless steel for durability and non-corrosion, it generates its own electricity, needs no manual intervention or maintenance and saves energy and water while functioning efficiently. https://www.ibef.org/blogs/futuristic-solutions-current-scenarios Sun, 31 May 2015 16:41:54 +0530 New Delhi: Textiles and clothing exports from India reached US$ 39.2 billion in 2017-18, according to Mr Ajay Tamta, Minister of State for Textiles, Government of India. https://www.ibef.org/blogs/textile-clothing-exports-up-marginally-to-usd-39-2-bn-in-2017-18-textile-min Fri, 27 Jul 2018 19:34:22 +0530 New Delhi: India's real estate sales grew by 3 per cent year-on-year to 1.24 lakh units and launches of new homes increased to 91,739 units at the rate of 46 per cent year-on-year in eight major cities during January-June 2018, according to Knight Frank India. https://www.ibef.org/blogs/housing-sales-up-3-in-h1-in-top-8-cities-launches-up-46-knight-frank Fri, 27 Jul 2018 19:32:06 +0530 New Delhi: India's number of mutual fund portfolios increased to 7,46,24,230 at the end of June 2018 from 7,13,47,301 at the end of March 2018 due to addition of 32.77 lakh new portfolios during April-June 2018, driven by growing investor interest. https://www.ibef.org/blogs/mutual-funds-add-33-lakh-folios-in-q1-on-growing-investor-interest Fri, 27 Jul 2018 19:30:04 +0530 New Delhi: Domestic passenger vehicle sales increased by 37.54 per cent year-on-year to 273,759 units and domestic car sales rose by 34.21 per cent year-on-year to 183,885 units in June 2018 https://www.ibef.org/blogs/passenger-vehicle-sales-rise-38-in-june-car-sales-up-34 Fri, 13 Jul 2018 19:23:53 +0530 New Delhi: Cargo traffic handled at major ports in India increased 3.9 per cent to reach 174.02 million tonnes during April-June 2018. https://www.ibef.org/blogs/cargo-traffic-at-major-ports-rises-4-in-apr-jun Fri, 13 Jul 2018 19:22:16 +0530 New Delhi: Mutual fund investments have increased by 43 per cent year-on-year to reach Rs 1.4 trillion (US$ 20.39 billion) in April-June quarter 2018. https://www.ibef.org/blogs/mutual-fund-inflow-rises-43-to-rs-1-4-lakh-cr-in-q1-amfi Fri, 13 Jul 2018 19:20:19 +0530 New Delhi: Indian e-commerce industry is forecasted to grow by 20.2 per cent per year to reach US$ 52 billion by 2022, according to a report. https://www.ibef.org/blogs/revenue-from-e-commerce-in-india-to-touch-usd-52-bn-by-2022-report Fri, 29 Jun 2018 19:04:23 +0530 New Delhi: Micro, Small and Medium Enterprises (MSMEs) in India witnessed a 27 per cent increase in their revenues and 66 per cent increase in their operating profits in 2017-18, according a report by Acuite Ratings. https://www.ibef.org/blogs/msmes-revenue-rose-27-in-fy18-vibrancy-returning-to-sector-report Fri, 29 Jun 2018 19:02:45 +0530 New Delhi: Around 4.13 million jobs were created in India's organised sector between September 2017 and April 2018, according to data released by the Central Statistics Office. https://www.ibef.org/blogs/four-million-jobs-added-during-sep-apr-cso-report Fri, 29 Jun 2018 19:00:56 +0530 New Delhi: India's passenger vehicle sales registered growth of 20 per cent in May 2018 for the second consecutive month, driven by increasing sales of utility vehicles, cars and vans. https://www.ibef.org/blogs/pv-sales-rise-20-in-may-driven-by-cars-uvs Fri, 15 Jun 2018 20:09:20 +0530 New Delhi: Solar installations in India increased 34 per cent year-on-year to 3,269 MW in January-March 2018, according to Mercom Communications. https://www.ibef.org/blogs/solar-installations-in-india-rise-by-34-in-q1 Fri, 15 Jun 2018 20:07:40 +0530 Mumbai: India's share in silver consumption increased from 14.7 per cent in 2008 to 39.2 per cent in 2017, with around 45,000 tonnes of metal getting imported between 2008-18, according to World Silver Survey 2018. https://www.ibef.org/blogs/india-s-silver-use-triples-in-a-decade-world-share-up-from-14-7-to-39-2 Fri, 15 Jun 2018 20:01:42 +0530 New Delhi: The non-food credit demand in India increased at 10.7 per cent year-on-year in April 2018 to Rs 75,804 billion (US$ 1,120.88 billion). https://www.ibef.org/blogs/non-food-credit-demand-rises-by-10-7-in-april-2018-rbi Fri, 01 Jun 2018 21:25:18 +0530 New Delhi: India recorded growth in investments at 14.4 per cent in January-March 2018, according to data released by Central Statistics Office (CSO). https://www.ibef.org/blogs/investment-picks-up-to-a-seven-quarter-high-of-14-4-in-q4-of-2017-18 Fri, 01 Jun 2018 21:23:33 +0530 New Delhi: India's coconut cultivation increased to 11,516 fruits per hectare in 2017-18 from 10,122 fruits per hectare in 2013-14, driven by scientific coconut farming methods and new coconut plantations. https://www.ibef.org/blogs/india-makes-unprecedented-progress-in-coconut-cultivation-from-mid-2014-to-2018-becomes-the-leading-country-in-coconut-production-and-productivity Fri, 01 Jun 2018 21:21:27 +0530 Mumbai: Motorcycle sales in India increased 19.38 per cent year-on-year in April 2018, surpassing the growth in scooter sales for the third consecutive month. https://www.ibef.org/blogs/motorcycle-sales-outpace-scooters-for-third-straight-month Fri, 18 May 2018 20:31:22 +0530 New Delhi: Solar and wind energy sectors in India will employ more than 300,000 workers by 2022 in order to meet Government of India's target of generating 175 GW of electricity from renewable sources, according to the International Labour Organisation (ILO). https://www.ibef.org/blogs/over-300-000-workers-to-be-employed-in-solar-wind-energy-sectors-in-india-report Fri, 18 May 2018 20:29:02 +0530 Mumbai: Domestic air passenger traffic in India grew 26.05 per cent year-on-year to 11.51 million in April 2018, as per DGCA data. https://www.ibef.org/blogs/domestic-air-passenger-volume-surges-26-in-apr-to-11-51m Fri, 18 May 2018 20:25:07 +0530 Bhubaneswar: Indian iron ore production recorded a year-on-year growth of 9 per cent to 210 million tonnes in 2017-18 from 192 million tonnes in 2016-17. https://www.ibef.org/blogs/iron-ore-production-in-india-crosses-200-million-tonnes-after-7-years Fri, 04 May 2018 19:39:22 +0530 Bhubaneswar: India's seafood exports recorded a year-on-year growth of 13.27 per cent to US$ 5.64 billion in 2017-18 from US$ 4.98 billion in 2016-17. https://www.ibef.org/blogs/india-s-seafood-exports-increase-13-despite-fall-in-global-shrimp-prices Fri, 04 May 2018 19:37:46 +0530 Mumbai: India's private equity and venture capital investments increased to US$ 7.9 billion with 180 deals between January-March 2018, supported by investments in real estate and infrastructure. https://www.ibef.org/blogs/pe-vc-investments-rise-to-us-7-9-billion-in-march-quarter Fri, 04 May 2018 19:35:33 +0530 Washington: Indian economy is expected to grow at 7.3 per cent in 2018 and 7.5 per cent in 2019 and 2020, as per the new forecast by the World Bank. https://www.ibef.org/blogs/world-bank-forecasts-7-3-pc-growth-for-india-this-year Sat, 21 Apr 2018 12:31:03 +0530 New Delhi: India's Gross Domestic Product is to be driven by digital transformation with an estimated addition of US$ 154 billion accounting for 60 per cent of GDP by 2021, according to a study by Microsoft. https://www.ibef.org/blogs/60-of-india-s-gdp-to-come-from-ai-other-digital-services-by-2021-study Sat, 21 Apr 2018 12:29:29 +0530 New Delhi: Private Equity (PE) investments in India rose 76 per cent year-on-year to US$ 4 billion in the fourth quarter of FY 18 on the back of rise in big ticket investments. https://www.ibef.org/blogs/pe-investments-soar-76-to-usd-4-bn-in-mar-qtr-report Sat, 21 Apr 2018 12:27:27 +0530 New Delhi: India's consumption of natural gas is expected to rise three times by 2040 and to meet this increase in demand through enhanced domestic production, Government of India has taken various policy initiatives. https://www.ibef.org/blogs/tripling-of-gas-demand-in-next-25-years Fri, 06 Apr 2018 20:48:24 +0530 New Delhi: The market for green buildings in India is expected to double to 10 billion square feet with a value of US$ 30-50 billion by 2022 on the back of increased awareness, environmental benefits and support from government, according to property consultant ANAROCK. https://www.ibef.org/blogs/indian-green-building-market-to-double-by-2022-anarock Fri, 06 Apr 2018 20:46:10 +0530 Mumbai: India's hospital sector is expected to grow at a CAGR of 12-14 per cent over the next five years on the back of rising demand and medical tourism, according to rating agency ICRA. https://www.ibef.org/blogs/hospital-sector-may-see-12-14-revenue-growth-over-5-yrs-icra Fri, 06 Apr 2018 20:42:27 +0530 Mumbai: Credit to India's MSME sector is expected to grow at a CAGR of 12 to 14 per cent over the next five years on the back of higher lending by NBFCs to the segment, according to a report by ICRA. https://www.ibef.org/blogs/msme-credit-to-grow-at-12-14-over-next-5-yrs-icra Sat, 24 Mar 2018 12:03:41 +0530 Chennai: Vehicle finance growth is expected to increase to a CAGR of 15 per cent during FY18-20, compared to 12 per cent during preceding three fiscals, on the back of robust demand for Commercial Vehicles (CV's). https://www.ibef.org/blogs/cvs-to-drive-auto-financiers-growth Sat, 24 Mar 2018 12:00:53 +0530 Mumbai: India's steel exports grew 40.2 per cent year-on-year during April-January 2017-18 and are expected to tread on the growth path on the back of higher global prices and lower Chinese shipments. https://www.ibef.org/blogs/bright-prospects-for-steel-exports Sat, 24 Mar 2018 11:51:28 +0530 Mumbai: India's economic growth is expected to increase to 7.5 per cent in FY19, backed by domestic consumption, policy push, and synchronised global growth, according to a report by Crisil. https://www.ibef.org/blogs/global-growth-domestic-demand-to-lift-fy19-gdp-to-7-5-crisil Sat, 10 Mar 2018 15:48:45 +0530 Mumbai: Private Equity (PE) investments in India increased 54 per cent to an all-time high of US$ 21 billion in 2017, according to Grant Thornton's The Fourth Wheel 2018 report. https://www.ibef.org/blogs/pe-investments-scales-all-time-high-of-21-bn-in-2017 Sat, 10 Mar 2018 15:46:29 +0530 Mumbai: Number of Indian tourists visiting Australia advanced 15.2 per cent year-on-year to 302,200 in 2017, supported by a concentrated strategy of positioning the country as a preferred long haul destination. https://www.ibef.org/blogs/more-than-300k-indians-visited-australia-in-2017 Sat, 10 Mar 2018 15:43:43 +0530 Hyderabad: Insurance industry in India is expected to grow to US$ 280 billion by 2020 from US$ 84.72 billion in 2017 on the back of higher economic growth, according to Mr M Venkaiah Naidu, Vice-President of India. https://www.ibef.org/blogs/insurance-industry-set-to-touch-usd-280-bn-by-2020-vice-prez Fri, 23 Feb 2018 20:18:27 +0530 New Delhi: Digital consumer spending in India is expected to increase by more than two times to cross US$ 100 billion by 2020, driven by women and new internet users from smaller cities, according to a report by Google India and BCG. https://www.ibef.org/blogs/digital-spending-by-indians-to-hit-us-100-billion-by-2020-report Fri, 23 Feb 2018 20:16:18 +0530 Mumbai: The Government of India is in the process of formulating a comprehensive strategy to increase the share of exports in India's GDP to 40 per cent by 2025 from the current 18 per cent, according to Mr Suresh Prabhu, Minister of Commerce and Industry. https://www.ibef.org/blogs/prabhu-says-40-of-gdp-to-come-from-exports-by-2025 Fri, 23 Feb 2018 20:13:37 +0530 New Delhi: Digital transactions grew 4.73 per cent to reach a new peak of 1.11 billion in January 2018, as per data released by the Reserve Bank of India (RBI). https://www.ibef.org/blogs/digital-transactions-rise-to-1-11-billion-in-january Fri, 09 Feb 2018 20:28:08 +0530 New Delhi: The leasing of office space in eight top cities of India is estimated to increase by an average of 8 per cent to more than 100 million square feet by 2020, backed by strong demand from corporates, as per property consultant JLL India. https://www.ibef.org/blogs/office-space-leasing-to-cross-100-mn-sq-ft-during-2018-20-jll Fri, 09 Feb 2018 20:26:02 +0530 New Delhi: India's Merger and Acquistion (M&A) deal value reached US$ 54.7 billion, with telecommunications, technology and financial services being the top three sectors in deal value, according to a report by global deal-tracking firm Mergermarket. https://www.ibef.org/blogs/india-inc-announced-m-a-deals-worth-usd-54-7-bn-in-2017-report Fri, 09 Feb 2018 20:24:04 +0530 New Delhi: The Indian digital advertising industry is expected to grow at a compound annual growth rate (CAGR) of 32 per cent to reach Rs 18,986 crore (US$ 2.95 billion) by 2020, backed by affordable data and rising smartphone penetration, as per a report by Dentsu Aegis Network (DAN). https://www.ibef.org/blogs/digital-ad-industry-to-grow-32-to-touch-rs-18-986-crore-by-2020-report Thu, 25 Jan 2018 19:26:05 +0530 Coimbatore: The industrial valve market in India is estimate to grow at a compound annual growth rate (CAGR) of over 9 per cent to reach US$ 3 billion by 2023, according to the Engineering Export Promotion Council (EEPC) of India. https://www.ibef.org/blogs/indian-industrial-valve-market-expected-to-reach-usd-3-bn-by-2023 Thu, 25 Jan 2018 19:23:11 +0530 Mumbai: Private equity investments in real estate are estimated to grow to US$ 100 billion by 2026 with tier 1 and 2 cities being the prime beneficiaries, according to property consultant JLL. https://www.ibef.org/blogs/pe-investments-in-realty-to-reach-usd-100-bn-by-2026-jll Thu, 25 Jan 2018 19:20:46 +0530 Washington: India has enormous growth potential compared to other emerging economies and is expected to grow 7.3 per cent in 2018, according to the World Bank. https://www.ibef.org/blogs/wb-says-india-has-huge-potential-projects-7-3-growth-in-2018 Fri, 12 Jan 2018 17:42:13 +0530 New Delhi: The Government of India has relaxed FDI norms in key sectors such as Single Brand Retail Trading (SBRT) and construction development and allowed foreign airlines to invest up to 49 per cent in Air India. https://www.ibef.org/blogs/fdi-policy-further-liberalized-in-key-sectors Fri, 12 Jan 2018 17:39:46 +0530 New Delhi: Digital transactions rose 6.05 per cent month-on-month to reach an all-time high of 1.06 billion in December 2017. https://www.ibef.org/blogs/digital-transactions-cross-1-billion-mark-in-december Fri, 12 Jan 2018 17:35:22 +0530 London: India is expected to become the fifth largest economy in the world in dollar terms in 2018 and third largest economy in 2032, according to the World Economic League Table (WELT) https://www.ibef.org/blogs/indian-economy-to-be-5th-largest-in-2018-world-economic-league Fri, 29 Dec 2017 19:30:13 +0530 Mumbai: Mr Maurice Obstfeld, Chief Economist, International Monetary Fund (IMF), stated that the recent reforms in India such as asset quality review by the Reserve Bank of India (RBI), recapitalisation of banks, improvement in The World Bank’s Ease of Doing Business rankings, Insolvency and Bankruptcy Code (IBC) and the Goods and Services Tax (GST) are impressive. https://www.ibef.org/blogs/there-have-been-impressive-reforms-in-india-imf-chief-economist-maurice-obstfeld Fri, 29 Dec 2017 19:27:32 +0530 Mumbai: The Indian e-commerce market is estimated to be valued at more than US$ 50 billion by the end of 2018 as against the current US$ 38.5 billion, backed by increasing internet population and online shoppers, as per a joint study by ASSOCHAM and Deloitte. https://www.ibef.org/blogs/e-commerce-market-may-cross-us-50-bn-mark-in-2018-study Fri, 29 Dec 2017 19:24:42 +0530 New Delhi: Healthcare market in India is expected to increase at a CAGR of 22 per cent to reach US$ 372 billion by 2022 on the back of increasing demand for affordable healthcare, according to a report by Assocham and RNCOS. https://www.ibef.org/blogs/indian-healthcare-market-to-hit-us-372-bn-by-2022 Fri, 15 Dec 2017 20:15:46 +0530 New Delhi: The media and entertainment (M&E) sector in India is expected to reach Rs 7.5-8 trillion (US$ 116.4-124.2 billion) in revenues by 2022, according to report by BCG and Confederation of Indian Industry (CII). https://www.ibef.org/blogs/media-entertainment-industry-to-touch-rs-8-trillion-in-revenue-by-2022-report Fri, 15 Dec 2017 20:13:24 +0530 Udaipur: India is expected to have 100,000 startups by 2025, which will create employment for 3.25 million people and US$ 500 billion in value, as per Mr T V Mohan Das Pai, Chairman, Manipal Global Education. https://www.ibef.org/blogs/india-to-have-1-lakh-startups-in-7-8-yrs-says-pai Fri, 15 Dec 2017 20:10:37 +0530 New Delhi: India's air traffic is expected to grow by 8-10 per cent annually over the coming two years, according to rating agency, Moody's Investor Service. https://www.ibef.org/blogs/india-s-air-traffic-growth-to-be-at-8-10-over-next-2-years Fri, 01 Dec 2017 19:15:48 +0530 New Delhi: The monthly data usage per smartphone in India is expected to increase from 3.9 GB in 2017 to 18 GB by 2023, according to a report by Ericsson. https://www.ibef.org/blogs/data-usage-per-smartphone-in-india-to-grow-5-fold-by-2023 Fri, 01 Dec 2017 19:13:46 +0530 Mumbai: Debit and credit transactions in India have increased 84 per cent year-on-year to Rs 74,090 crore (US$ 11.43 billion) in September 2017, backed by the Government of India's boost to non-cash payments, as per a report by payment solutions provider, Worldline. https://www.ibef.org/blogs/card-transactions-soar-84-in-sep-2017-to-rs-74-090-cr-report Fri, 01 Dec 2017 19:11:52 +0530 Mumbai: India’s real GDP is expected to grow at 7 per cent per year in the coming decade and surpass Germany and Japan in nominal GDP terms by 2028, according to a report by Bank of America Merrill Lynch. https://www.ibef.org/blogs/india-to-overtake-japan-to-be-third-largest-economy-by-2028 Sat, 18 Nov 2017 13:05:12 +0530 New Delhi: Credit rating agency Moody's Investor Services has upgraded India's sovereign rating due to the wide ranging economic reforms undertaken in the country. https://www.ibef.org/blogs/moody-s-upgrades-india-s-credit-rating-to-baa2-in-boost-to-narendra-modi-govt Sat, 18 Nov 2017 13:02:58 +0530 New Delhi: India is expected to account for one-third of world's energy demand by 2040 as growth in its oil demand will surpass China after 2025, according to International Energy Agency (IEA). https://www.ibef.org/blogs/india-to-drive-energy-demand-growth-iea Sat, 18 Nov 2017 13:00:00 +0530 Mumbai: The bank recapitalisation plan by Government of India is expected to push credit growth in the country to 15 per cent and as a result help the GDP grow by 7 per cent in FY19, according to a report by Ambit Capital. https://www.ibef.org/blogs/bank-recap-plan-to-push-gdp-growth-to-7-in-fy19-report Fri, 03 Nov 2017 20:09:44 +0530 New Delhi: India has improved its ranking in the World Bank's Doing Business Report by 30 spots over its 2017 ranking and is ranked 100 among 190 countries in 2018 edition of the report. https://www.ibef.org/blogs/india-s-rank-rises-to-100-in-world-bank-s-doing-business-report-2018 Fri, 03 Nov 2017 20:04:25 +0530 New Delhi: India is on a high-growth trajectory and is expected to become the world's third largest aviation market in terms of the number of passengers by 2026, as per Mr Venkaiah Naidu, Vice President of India. https://www.ibef.org/blogs/india-set-to-become-third-largest-aviation-market-in-the-world-vice-president Fri, 03 Nov 2017 20:00:47 +0530 New Delhi: Foreign investors will have opportunities to invest in projects worth US$ 300 billion in India, as the country looks to cut reliance on oil imports by 10 per cent by 2022, according to Mr Dharmendra Pradhan, Minister of Petroleum and Natural Gas, Government of India. https://www.ibef.org/blogs/india-energy-sector-to-offer-us-300-bn-opportunities-in-10-yrs Sat, 21 Oct 2017 10:21:54 +0530 Bengaluru: India's mobile wallet industry is estimated to grow at a compound annual growth rate (CAGR) of 148 per cent to reach US$ 4.4 billion by 2022, according to the 'World Payment Report 2017' by Capgemini. https://www.ibef.org/blogs/mobile-wallet-industry-likely-to-grow-150-in-5-years-capgemini Sat, 21 Oct 2017 09:59:18 +0530 Mumbai: The gross merchandise value (GMV) of the ecommerce market in India is expected to grow at a compound annual growth rate (CAGR) of 30 per cent to reach US$ 200 billion by 2026, as per a report by Morgan Stanley. https://www.ibef.org/blogs/india-s-e-commerce-market-to-grow-30-to-200-billion-by-2026-morgan-stanley Sat, 21 Oct 2017 09:55:12 +0530 New Delhi: India's gross domestic product (GDP) is expected to reach US$ 6 trillion by FY27 and achieve upper-middle income status on the back of digitisation, globalisation, favourable demographics, and reforms, as per a report by Morgan Stanley. https://www.ibef.org/blogs/dp-to-hit-usd-6-trn-by-2027-on-digital-leap-morgan-stanley Fri, 06 Oct 2017 19:56:54 +0530 Mumbai: Growing internet penetration and data consumption is likely to increase digital advertisement spends in India at a compounded rate of 30.8 per cent between 2016 and 2021, according to Digital First Journey report by KPMG. https://www.ibef.org/blogs/digital-ad-spends-to-grow-by-31-by-2021-report Fri, 06 Oct 2017 19:55:20 +0530 Chennai: Private Equity (PE) investments in India's renewable energy sector have increased by 47 per cent in 2017 (January 1 to September 25) to US$ 920 million, across nine deals, as compared to US$ 630 million coming from 10 deals during the corresponding period in 2016, as per data from Venture Intelligence. https://www.ibef.org/blogs/pe-investment-in-wind-solar-up-47-in-2017 Fri, 06 Oct 2017 19:52:54 +0530 Mumbai: India is expected to become the third largest economy in the world by 2028, on the back of demographics and macro stability, as per an HSBC report. https://www.ibef.org/blogs/india-likely-to-be-3rd-largest-economy-by-2028-hsbc-report Fri, 22 Sep 2017 20:37:55 +0530 New Delhi: The Ministry of Agriculture & Farmers Welfare has released the blueprint for a seven-point strategy to double Indian farmers' income by 2022, by focussing on increasing production of crops, reduction of cultivation costs and post-harvest losses, and agriculture market reforms. https://www.ibef.org/blogs/government-charts-seven-point-strategy-to-double-farmer-incomes-by-2022 Fri, 22 Sep 2017 20:33:55 +0530 New Delhi: Production of ‘Made in India’ phones is expected to reach 500 million by FY 2020 from 175 million in FY 2017 with value addition from indigenously built devices also projected to grow to 35 per cent by 2020 from up to 20 per cent currently. https://www.ibef.org/blogs/india-well-on-path-to-produce-50-cr-mobile-phones-by-2020 Fri, 22 Sep 2017 20:30:50 +0530 Mumbai: The economic activity in India as measured by gross value added (GVA) is expected to increase by 7.3 per cent in FY 2017-18, as against 6.6 per cent in FY 2016-17, according to the Reserve Bank of India (RBI). https://www.ibef.org/blogs/economic-activity-to-expand-7-3-this-fiscal-rbi Fri, 08 Sep 2017 20:17:26 +0530 Mumbai: Indian mobile wallet industry is expected to grow at 126 per cent to Rs 32 trillion (US$ 499.5 billion) with transactions reaching 32 billion by 2021, as per a report by Deloitte. https://www.ibef.org/blogs/mobile-wallet-transactions-to-touch-rs-32-trillion-by-2022 Fri, 08 Sep 2017 20:15:34 +0530 Kolkata: The revenues of the brokerage industry in India are estimated to grow by 15-20 per cent to reach Rs 18,000-19,000 crore (US$ 2.80-2.96 billion) in FY 2017-18, backed by healthy volumes and a rise in the share of the cash segment, as per a study by rating agency ICRA. https://www.ibef.org/blogs/brokerage-biz-likely-to-grow-15-20-in-fy-18-icra Fri, 08 Sep 2017 20:12:04 +0530 https://www.ibef.org/blogs/services-sectoral-report Sat, 28 Apr 2018 18:19:40 +0530 https://www.ibef.org/blogs/renewable-energy-sectoral-report Fri, 06 Apr 2018 18:16:48 +0530 https://www.ibef.org/blogs/ecommerce-sectoral-report Sat, 28 Apr 2018 18:14:06 +0530 https://www.ibef.org/blogs/metals-and-mining-sectoral-report Wed, 11 Apr 2018 18:11:26 +0530 https://www.ibef.org/blogs/manufacturing-sectoral Thu, 04 Oct 2018 19:46:29 +0530 https://www.ibef.org/blogs/fmcg-sector-report Mon, 31 Dec 2018 14:38:00 +0530 https://www.ibef.org/blogs/sector-report-gems-and-jewellery Mon, 30 Apr 2018 08:55:30 +0530 New Delhi: The 2026 forecast for India's non-hydro renewable energy capacity has been increased to 155 GW from 130 GW on the back of more than expected solar installation rates and successful wind energy auctions, according to a statement by BMI Research. https://www.ibef.org/blogs/india-to-have-155-gw-non-hydro-renewable-capacity-by-2026-bmi Fri, 25 Aug 2017 17:05:29 +0530 New Delhi: The government of India targets to increase the average income of a farmer household at current prices to Rs 219,724 (US$ 3,420.21) by 2022-23 from Rs 96,703 (US$ 1,505.27) in 2015-16. https://www.ibef.org/blogs/govt-targets-to-raise-average-farm-household-income-by-fy23 Fri, 25 Aug 2017 17:02:43 +0530 New Delhi: The Asia Pacific region is estimated to record 9 per cent growth in mobile services subscribers by 2020 and India is expected to add 206 million new unique customers, according to a report by GSM Association. https://www.ibef.org/blogs/india-to-add-206-million-mobile-subscribers-by-2020-report Fri, 25 Aug 2017 16:59:31 +0530 New Delhi: According to a poll conducted by the rating agencies Moody's and ICRA, India's gross domestic product (GDP) will grow in the range of 6.5-7.5 per cent in the coming 12-18 months, on the back of Goods and Services Tax (GST) regime in the country. https://www.ibef.org/blogs/india-to-grow-6-5-7-5-over-12-18-months-moody-s-poll Fri, 11 Aug 2017 19:37:42 +0530 New Delhi: India's domestic mobile manufacturing industry is expected to increase 43.62 per cent between FY 2016-20, to touch Rs 1.35 trillion (US$ 21.07 billion) by FY20, as per a report by Internet and Mobile Association of India (IAMAI). https://www.ibef.org/blogs/domestic-mobile-manufacturing-industry-to-touch-rs1-35-trillion-by-fy20-report Fri, 11 Aug 2017 19:32:30 +0530 Mumbai: The Government of India is working towards increasing the tourist arrivals to India through cruise ships to 4 million by 2022 from 0.18 million in 2016, according to Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping, Government of India. https://www.ibef.org/blogs/govt-looks-to-attract-40-lakh-cruise-tourists-in-5-yrs-gadkari Fri, 11 Aug 2017 19:28:43 +0530 Washington: The International Monetary Fund (IMF) has maintained India's gross domestic product (GDP) forecast at 7.2 per cent for FY 2017-18 while also expecting a pickup in growth in the next two years. https://www.ibef.org/blogs/growth-in-india-to-pick-up-further-in-2017-2018-imf Fri, 28 Jul 2017 17:08:24 +0530 Jamshedpur: India is expected to overtake Japan to become the world's second largest steel producer by 2019-20, as it aims to achieve 300 million tons of annual steel production by 2025-30. https://www.ibef.org/blogs/india-to-overtake-japan-in-steel-production-in-2-years Fri, 28 Jul 2017 17:06:46 +0530 New Delhi: India's GDP can increase from the current US$ 2.3 trillion to US$ 8 trillion by 2032, according to Mr Arvind Panagariya, Vice Chairman, NITI Aayog, Government of India. https://www.ibef.org/blogs/india-s-gdp-could-rise-to-about-us-8-trillion-over-next-15-yrs Fri, 28 Jul 2017 17:01:20 +0530 New York: India is expected to top the list of the fastest growing economies with a 7.7 per cent annual growth rate through 2025, due to its potential for diversification into new areas, according to a study conducted by Harvard University. https://www.ibef.org/blogs/india-to-be-base-to-economic-pole-of-global-growth-harvard Fri, 14 Jul 2017 21:22:38 +0530 Mumbai: The Indian textile market is expected to reach US$ 250 billion by 2019 from US$ 150 billion in 2017, supported by capital investment subsidy and various other schemes introduced by the Government, according to Ms Kavita Gupta, Textile Commissioner, Government of India. https://www.ibef.org/blogs/textile-industry-size-to-touch-us-250-bn-in-2-years-official Fri, 14 Jul 2017 21:21:01 +0530 United Nations: India is expected to become the largest milk producing country by 2026 with a growth in production of 49 per cent, according to a report by the United Nations (UN) and the Organisation for Economic Co-operation and Development (OECD). https://www.ibef.org/blogs/india-to-become-largest-milk-producer-in-2026-report Fri, 14 Jul 2017 21:17:59 +0530 New Delhi: Indian technology companies expect India's digital economy to have the potential to reach US$ 4 trillion by 2022, as against the Government of India's estimate of US$ 1 trillion. https://www.ibef.org/blogs/digital-economy-can-reach-us-4-trn-in-4-yrs-tech-sector-to-govt Fri, 30 Jun 2017 18:39:41 +0530 New Delhi: The clean energy sector in India is expected to create more than 300,000 new jobs by 2020, of which 70 per cent will be employed by the rooftop solar segment, according to a study conducted by Natural Resources Defense Council (NRDC) and Council on Energy, Environment and Water (CEEW). https://www.ibef.org/blogs/india-s-clean-energy-sector-could-create-300-000-new-jobs-by-2020-study Fri, 30 Jun 2017 18:36:24 +0530 New Delhi: The Government of India is taking further steps boost the country's domestic steel sector and raise its capacity to 300 million tonnes (MT) by 2030-31, said Mr Choudhary Birender Singh, Minister for Steel. https://www.ibef.org/blogs/steps-on-to-achieve-300-mt-steel-output-steel-minister Fri, 30 Jun 2017 18:28:41 +0530 Mumbai: The digital transformation in India is expected to double the country's internet users to 829 million by 2021 from 373 million users in 2016. https://www.ibef.org/blogs/internet-users-to-double-to-829-mn-by-2021-report Mon, 19 Jun 2017 12:42:23 +0530 Bhubaneswar: India's seafood exports reached an all-time high of US$ 5.78 billion in FY 2016-17 and are expected to grow by over 20 per cent in FY 2017-18. https://www.ibef.org/blogs/seafood-exports-to-grow-above-20-in-fy18 Mon, 19 Jun 2017 12:36:09 +0530 New Delhi: India's beauty and personal care (BPC) market is expected to grow at an annual rate of 5-6 per cent to reach US$ 10 billion by 2021, according to the Indian Beauty and Hygiene Association (IBHA). https://www.ibef.org/blogs/beauty-personal-care-market-to-touch-usd-10-bn-by-2021-ibha Mon, 19 Jun 2017 12:36:04 +0530 New Delhi: The Indian economy is expected to grow by 7.2 per cent in FY 2017-18, as against the government’s estimate of 7.1 per cent, and further increase to 7.7 per cent in FY 2019-20, based on successful implementation of the goods and services tax (GST), slated from July 2017, and a meaningful recovery in private investment, according to the World Bank. https://www.ibef.org/blogs/world-bank-says-india-will-grow-7-2-in-fy18-gst-will-deliver-substantial-gains Fri, 02 Jun 2017 18:26:57 +0530 New Delhi: The Government of India has set a target for exports from the textile and garment sector to reach US$ 45 billion in FY 2017-18. https://www.ibef.org/blogs/india-sets-us-45-billion-textiles-exports-target-for-fy18 Fri, 02 Jun 2017 18:23:47 +0530 New Delhi: India's steel exports doubled in a year to 8.2 million tonnes (MT) in 2016-17 and is further expected to be near 10 MT by 2019-20. https://www.ibef.org/blogs/india-aims-for-double-digit-steel-exports-in-2-3-years-minister Fri, 02 Jun 2017 18:19:05 +0530 New Delhi: The Niti Aayog has predicted that rapid adoption of green mobility solutions like public transport, electric vehicles and car-pooling could likely help India save around Rs 3.9 trillion (US$ 60 billion) in 2030. https://www.ibef.org/blogs/electric-cars-buses-and-metros-could-help-india-save-us-60-billion-in-2030-niti-aayog-report Fri, 26 May 2017 17:28:15 +0530 Washington: The Indian economy is expected to grow at 7.2 per cent in FY 2017-18 and 7.7 per cent in FY 2018-19, supported by fading problem of cash shortage and progress in resolving the supply-side bottlenecks, according to a report by the IMF. https://www.ibef.org/blogs/india-expected-to-grow-at-7-2-in-2017-18-after-demonetisation-disruptions-imf Fri, 26 May 2017 17:24:43 +0530 New Delhi: India is set to become the third largest solar market in the world with solar capacity estimated to reach 18.7 gigawatts (GW) by the end of 2017, as per a report titled 'India Solar Handbook 2017' by Bridge to India (BTI). https://www.ibef.org/blogs/india-to-be-third-largest-solar-market-in-2017-report Fri, 26 May 2017 17:22:35 +0530 New Delhi: The Indian economy is expected to grow by 8 per cent on an average over the next 15 years and its gross domestic product (GDP) will expand three-fold to reach US$ 7.25 trillion by 2030, as per Mr Arvind Panagariya, Vice Chairman, Niti Aayog. https://www.ibef.org/blogs/india-to-grow-over-three-fold-to-us-7-25-trillion-by-2030-niti-aayog Fri, 05 May 2017 17:40:30 +0530 New Delhi: Indian impact investments may grow 25 per cent annually to US$ 40 billion from US$ 4 billion by 2025, as per Mr Anil Sinha, Global Impact Investing Network's (GIIN’s) advisor for South Asia. https://www.ibef.org/blogs/india-to-see-us-3540-billion-worth-impact-investments-by-2025-giin Fri, 05 May 2017 17:36:38 +0530 New Delhi: India's air cargo is estimated to grow at 9 per cent over the next few years, supported by the growth in domestic air traffic, infrastructure development, and the recent Regional Connectivity Scheme introduced by the Government, according to Mr Ashok Gajapathi Raju, Minister for Civil Aviation, Government of India. https://www.ibef.org/blogs/air-cargo-to-grow-at-9-per-cent-in-next-few-years Fri, 05 May 2017 17:33:25 +0530 New Delhi: The Indian economy is expected to grow at 7.2 per cent in FY 2017-18 and further accelerate to 7.5 per cent and 7.7 per cent in FY 2018-19 and FY 2019-20 respectively, according to a report by the World Bank. https://www.ibef.org/blogs/world-bank-says-indian-economy-to-grow-at-7-2-in-fy18 Fri, 21 Apr 2017 17:45:38 +0530 New Delhi: India's steel production which stood at 101.3 million metric tonnes (MMT) in 2016-17, is expected to grow by 10-12 per cent in 2017-18. It is expected to more than double to reach 240 million tonnes (MT) by 2031, as per Mr Sanak Mishra, Secretary General, Indian Steel Association. https://www.ibef.org/blogs/steel-production-in-india-forecast-to-more-than-double-by-2031 Fri, 21 Apr 2017 17:42:43 +0530 New Delhi: ISRO's lunar dust mining plan focuses on generating and transporting energy to the Earth from Helium-3 rich lunar dust from the Moon, as part of its 2030 goal of meeting India's energy needs. https://www.ibef.org/blogs/isro-plans-to-mine-energy-from-moon-by-2030-to-help-meet-india-needs Fri, 21 Apr 2017 17:38:06 +0530 Mumbai: India is likely to become more influential in Asia-Pacific in next five years, as a result of the Government's implementation of various pro-business policies, and the expansion of the economy, according to a survey conducted by Baker McKenzie, a global law firm. https://www.ibef.org/blogs/india-s-economic-influence-in-asia-pacific-to-increase-in-next-five-years-survey Fri, 07 Apr 2017 18:44:39 +0530 Mumbai: India's exports of basmati rice may rise to Rs 22,000-22,500 crore (US$ 3.39-3.46 billion), with volume to around 4.09 million tonnes (MT) in 2017-18, backed by a rise in average realisations, as per Investment Information and Credit Rating Agency (ICRA). https://www.ibef.org/blogs/basmati-rice-exports-likely-to-grow-to-rs-22-000-crore-in-next-fiscal Fri, 07 Apr 2017 18:38:46 +0530 New Delhi: The number of internet users in India are expected to reach 730 million by 2020, supported by fast adoption of digital technology, according to a report by National Association of Software and Services Companies (NASSCOM). https://www.ibef.org/blogs/730-million-internet-users-are-anticipated-in-the-country-by-2020-nasscom Fri, 07 Apr 2017 18:33:51 +0530 Mumbai: India is expected to be the third largest consumer economy as its consumption may triple to US$ 4 trillion by 2025, owing to shift in consumer behaviour and spending pattern, according to a Boston Consulting Group (BCG) report. https://www.ibef.org/blogs/india-to-become-thirdlargest-consumer-economy-by-2025-bcg Mon, 27 Mar 2017 13:04:28 +0530 Mumbai: As per the FICCI-KPMG Media and Entertainment (M&E) industry report 2017, the Indian M&E industry is expected to grow at a compound annual growth rate (CAGR) of 13.9 per cent to Rs 2,419.4 billion (US$ 37 billion) led by digital advertising which is projected to grow at a CAGR of 31 per cent between 2016-2021. https://www.ibef.org/blogs/indian-me-industry-to-grow-at-139-cagr-to-reach-rs-24194-billion-by-2021-ficcikpmg-report Mon, 27 Mar 2017 12:56:44 +0530 New Delhi: The number of online fashion shoppers in India are expected to double to 130-135 million by 2020, to be driven by growth of fashion industry in India and growing use of mobile for online shopping, according to a report by the Boston Consulting Group (BCG). https://www.ibef.org/blogs/online-fashion-shoppers-to-more-than-double-to-130-million-by-2020-report Mon, 27 Mar 2017 12:56:28 +0530 New Delhi: India is estimated to surpass USA to become the second largest economy in terms of purchasing power parity (PPP) by the year 2040, according to a report by PricewaterhouseCoopers. https://www.ibef.org/blogs/india-to-outpace-us-to-emerge-as-second-largest-economy-by-2040-pwc-says Fri, 10 Mar 2017 18:58:56 +0530 Houston: India is expected to surpass Russia to become the third largest refiner in the world by the year 2020 as India overtakes China as the main driver of demand growth, according to the International Energy Agency (IEA). https://www.ibef.org/blogs/india-to-replace-russia-as-world-s-third-largest-refiner-iea-official Fri, 10 Mar 2017 18:54:42 +0530 Chennai: The Indian tractor industry is expected to post a sales growth of 16-18 per cent by fiscal 2017 end, according to CRISIL Research. https://www.ibef.org/blogs/tractor-industry-likely-to-post-16-18-sales-growth Fri, 10 Mar 2017 18:49:25 +0530 New Delhi: Knight Frank India and Retailers Association of India (RAI) have forecasted in a joint report, the size of modern retail in India to double to Rs 171,800 crore (US$ 25.7 billion) from Rs 87,100 crore (US$ 13 billion) in three years driven by omni-channel retail. https://www.ibef.org/blogs/modern-retail-to-touch-rs1-71-800-crore-by-2019-report Mon, 27 Feb 2017 13:55:54 +0530 New Delhi: The Internet of Things (IoT) market size in India is expected to increase seven fold to US$ 9 billion by 2020 from US$ 1.3 billion in the previous year due to higher adoption levels of IoT by the manufacturing, automotive, transportation and logistics sector, as per Deloitte. https://www.ibef.org/blogs/indian-internet-of-things-market-value-to-touch-us-9-billion-by-2020 Mon, 27 Feb 2017 13:51:46 +0530 New Delhi: The Indian economy is expected to grow at 7.4 per cent year-on-year in the fiscal year 2017-18, backed by consumption demand and government spending, as per the research by India Ratings and Research (Ind-Ra). https://www.ibef.org/blogs/economy-to-grow-at-7-4-next-fiscal-ind-ra Mon, 27 Feb 2017 13:48:01 +0530 New Delhi: The Economic Survey 2017 has projected India's real gross domestic product (GDP) to grow between 6.75 - 7.5 per cent in FY2017-18, signalling that growth could recover sooner than expected after cash supply is replenished, which is likely to be achieved by the end of March 2017. https://www.ibef.org/blogs/gdp-growth-in-2017-18-is-projected-at-6-to-7-percent-post-demonetisation Mon, 13 Feb 2017 17:46:24 +0530 Mumbai: India's domestic air traffic is expected to grow by 25 per cent year-on-year to over 130 million passengers in FY 2017-18, according to data from the Centre for Asia Pacific Aviation (CAPA). https://www.ibef.org/blogs/air-traffic-to-grow-to-130-mn-in-fy18-capa Mon, 13 Feb 2017 17:43:15 +0530 New Delhi: India's agriculture sector is expected to grow at 4.1 per cent in FY 2016-17, based on various pro-farmer measures announced in Budget 2017, including the increase in agricultural credit to Rs 10 trillion (US$ 147.83 billion) and the 60 days interest waiver announced by Prime Minister Mr Narendra Modi in respect of loans from the cooperative credit structure. https://www.ibef.org/blogs/agriculture-to-grow-more-than-4-per-cent-as-government-announces-a-slew-of-pro-farmer-measures-in-general-budget-2017-18 Mon, 13 Feb 2017 17:39:00 +0530 Mangalore: India's labour force is expected to touch 160-170 million by 2020, based on population growth rate, increased labour force participation, and education enrolment at higher levels, among other factors, according to a study by ASSOCHAM and Thought Arbitrage Research Institute. https://www.ibef.org/blogs/india-s-labour-force-will-expand-to-170-million-by-2020-assocham Fri, 27 Jan 2017 19:47:19 +0530 New Delhi: Total share of renewable energy in India's fuel mix is expected to grow to 8 per cent by 2035, from the present level of 2 per cent: BP Energy Outlook https://www.ibef.org/blogs/renewables-to-overtake-india-s-oil-output-in-2035-bp-energy-outlook Fri, 27 Jan 2017 19:44:03 +0530 New Delhi: The operating ratio of Indian Railways is expected to improve to 89-90 per cent by 2021, from the current operating ratio of 94 per cent, which indicates lower expenditure to earn same amount of revenue, as per a report by Crisil. https://www.ibef.org/blogs/railways-to-have-improved-operating-ratio-of-89-90-by-2021-crisil-research Fri, 27 Jan 2017 19:38:31 +0530 Bengaluru: Cross-border online shopping by Indians is expected to increase 85 per cent in 2017, and total online spending to increase to Rs 8.75 lakh crore (US$ 128 billion) by 2018, as per PayPal. https://www.ibef.org/blogs/indian-cross-border-online-spending-could-grow-85-in-2017-paypal-report Mon, 16 Jan 2017 17:26:26 +0530   Tirupati: The Indian Space Research Organisation (ISRO) plans to launch a record 103 satellites in one go using its main launch vehicle PSLV-C37 (Polar Satellite Launch Vehicle-C37) in the first week of February 2017, out of which 100 satellites belong to foreign nations, including the US and Germany. https://www.ibef.org/blogs/isro-to-launch-record-103-satellites-in-one-go-in-february Mon, 16 Jan 2017 17:22:24 +0530 Mumbai: India's solar sector will likely to add around 9 gigawatt (GW) of additional capacity, thereby bringing its overall capacity to 18 GW in 2017, as per Mercom Capital Group LLC. https://www.ibef.org/blogs/india-s-solar-capacity-may-double-to-18-gw-this-year Mon, 16 Jan 2017 17:16:50 +0530 Mumbai: India's ad spend is expected to grow by 11.2 per cent in 2017, based on low interest rates, sustained urban demand, and impact of key reforms such as goods and services tax (GST), as per GroupM and Zenith. https://www.ibef.org/blogs/double-digit-ad-growth-seen-for-india-in-2017 Fri, 16 Dec 2016 18:47:18 +0530 New Delhi: Several industries and other entities have collectively invested Rs 5,111 crore (US$ 756 million) in energy conservation measures and have saved 7,378 million units of electricity as well as achieved monetary savings of Rs 4,866 crore (US$ 720 million) in 2015-16. https://www.ibef.org/blogs/7378-million-units-of-electricity-rs-4866-crore-saved-through-energy-efficiency-measures-in-2015-16 Fri, 16 Dec 2016 18:41:13 +0530 New Delhi: India needs to build a cybersecurity product and services industry worth US$ 35 billion by 2025, to cater to the growing Indian IT industry which is expected to reach US$ 350-400 billion by 2025, according to a 'Growing Cyber Security Industry, Roadmap for India' report launched by The National Association of Software and Services Companies (Nasscom) Data Security Council of India (DSCI). https://www.ibef.org/blogs/nasscom-unveils-10-year-cybersecurity-roadmap-for-india Fri, 16 Dec 2016 18:33:27 +0530 New Delhi: The Ministry of Shipping plans to undertake development of 37 national waterways (NWs), out of the 111 NWs declared under the National Waterways Act 2016, in the next three years, which would have positive impact on reduction of overall logistics cost.  https://www.ibef.org/blogs/37-waterways-projects-to-develop-in-the-next-three-years Fri, 18 Nov 2016 18:13:19 +0530 New Delhi: Impact investments in India is expected to grow at a compound annual growth rate (CAGR) of 20-24 per cent to touch US$ 6-8 billion by 2025, from US$ 1 billion in 2015, according to McKinsey & Co. https://www.ibef.org/blogs/impact-investing-in-india-could-touch-68-billion-by-2025-mckinsey Fri, 18 Nov 2016 18:08:36 +0530 New Delhi: Mr Bill Gates, Co-founder of Microsoft Corp, has stated that India will move quite rapidly to a digital payments economy in as little as seven years, based on the introduction of digital payment banks combined with other things like direct benefit transfers, universal payments interface and Aadhaar. https://www.ibef.org/blogs/india-to-be-most-digitised-economy-in-7-years-says-bill-gates Fri, 18 Nov 2016 18:03:18 +0530 New Delhi: The Indian Media and Entertainment (M&E) industry is expected to reach Rs 2-2.2 trillion (US$ 29.9-32.9 billion) in size by 2020, as per a report titled ‘Convergence: The New Multiplier for Indian Media & Entertainment’s $100 Billion Vision’ by the Boston Consulting Group (BCG) and Confederation of Indian Industry (CII). https://www.ibef.org/blogs/media-and-entertainment-sector-revenue-to-hit-rs222-trillion-by-2020-study Tue, 08 Nov 2016 13:13:52 +0530 Pune: Total spending on information technology (IT) by banking and security firms in India is expected to grow 8.6 per cent year-on-year to US$ 7.8 billion by 2017, as per Gartner, Inc.  https://www.ibef.org/blogs/it-spending-by-banking-and-security-firms-to-hit-us-7-8bn-in-2017 Tue, 08 Nov 2016 13:08:55 +0530 Mumbai: Advertising spend in India is expected to grow by 13.3 per cent year-on-year in 2016, with a similar growth rate of 13.4 per cent anticipated in 2017, as per Warc market intelligence service. https://www.ibef.org/blogs/indian-advertising-market-to-see-strong-13-growth-warc Tue, 08 Nov 2016 13:01:57 +0530 New Delhi: India will likely displace the UK to become the third largest aviation market in the world in terms of passengers by 2026, while growing at a compound average growth rate (CAGR) of 3.7 per cent to 7.2 billion air passengers by 2035, according to the International Air Transport Association (IATA). https://www.ibef.org/blogs/india-to-become-3rd-largest-aviation-market-by-2026-iata Fri, 21 Oct 2016 17:01:12 +0530 New Delhi: Mr Rahul Munjal, Chairman and Managing Director, Hero Future Energies Pvt Ltd, has estimated India’s renewable energy industry to grow to a size of Rs 2 trillion (US$ 30 billion) in the next three years, owing to rapid progress in technology and lowering of costs. https://www.ibef.org/blogs/in-three-years-renewable-sector-will-be-worth-rs2-trillion-in-india-rahul-munjal Fri, 21 Oct 2016 16:56:52 +0530 New Delhi: India can benefit from China’s experience in manufacturing, urbanisation, creation of high productive employment, which can help India become a US$ 10 trillion economy, as per Mr Arvind Panagariya, Vice Chairman, NITI Aayog. https://www.ibef.org/blogs/india-can-benefit-from-chinese-experience-to-grow-to-10-trillion-by-2030-arvind-panagariya Fri, 21 Oct 2016 16:53:09 +0530 Mumbai: The Indian film industry's gross box office collection is expected to grow at a compound annual growth rate (CAGR) of 11 per cent to US$ 3.7 billion by 2020, as per Deloitte. https://www.ibef.org/blogs/indian-films-box-office-collection-to-be-37-billion-in-2020 Fri, 07 Oct 2016 19:16:48 +0530 New Delhi: The demand for telecommunication equipment in India, including mobile phones, is expected to exceed US$ 30 billion by 2020 from US$20 billion in FY16, according to Mr Manoj Sinha, Minister for Telecommunications. https://www.ibef.org/blogs/telecom-equipment-demand-to-exceed-30-bn-by-2020-sinha Fri, 07 Oct 2016 19:07:43 +0530 New Delhi: The Indian Internet of Things (IoT) market is expected to grow to US$ 15 billion by 2020, from US$ 5.6 billion currently, led by industrial IoT, as per Indian IT industry body NASSCOM. https://www.ibef.org/blogs/indian-iot-market-to-touch-15-billion-by-2020-nasscom Fri, 07 Oct 2016 19:01:15 +0530 New Delhi: The Indian digital classifieds industry is expected to grow three-fold to reach US$ 1.2 billion by 2020, driven by growth in horizontal classifieds like online services, real estate and automobiles, according to a report by Google India and KPMG. https://www.ibef.org/blogs/digital-classifieds-could-become-12billion-market-in-india-by-2020-report Fri, 23 Sep 2016 19:53:32 +0530 New Delhi: The Indian electronic products industry is expected to reach US$ 75 billion by FY2017 from US$ 61.8 billion in FY2015, according to a report by Assocham and EY India. https://www.ibef.org/blogs/indias-electronics-products-industry-to-touch-us-75-billion-by-2017-study Fri, 23 Sep 2016 19:45:48 +0530 New Delhi: Government of India expects exports of marine products from India to rise 20 per cent in FY 2016-17 to US$ 5.6 billion from US$ 4.7 billion in FY 2015-16. https://www.ibef.org/blogs/government-projects-marine-exports-to-rise-20-to-56-billion-in-fy17 Fri, 23 Sep 2016 19:25:35 +0530 New Delhi: Internet users in India are expected to grow to 730 million by 2020, led by e-commerce, travel and hospitality, finance technology and media sectors, according to a report by Nasscom and Akamai Technologies. https://www.ibef.org/blogs/india-to-have-730-million-internet-users-by-2020-says-report Mon, 29 Aug 2016 12:36:53 +0530 Mumbai: Mr Ashok Gajapathi Raju, Union Minister for Civil Aviation, has stated that the Government is looking to boost regional connectivity by setting up 50 new airports over the next three years, out of which at least 10 would be operational in the next one year. https://www.ibef.org/blogs/govt-plans-50-new-airports-in-three-years-to-boost-connectivity Mon, 29 Aug 2016 12:34:09 +0530 New Delhi: The Indian e-tailing (electronic retailing) market is expected to grow 50-60 per cent year-on-year to touch US$ 80-100 billion in gross merchandise value (GMV) by 2020, according to RedSeer Consulting. https://www.ibef.org/blogs/indian-etail-market-to-hit-us-100-bn-by-2020 Mon, 29 Aug 2016 12:29:40 +0530 New Delhi: India is expected to have over 180 million smartphones by 2019, contributing around 13.5 per cent to the global smartphone market, based on rising affordability and better availability of data services among other factors, according to a report by Assocham-KPMG. https://www.ibef.org/blogs/india-to-have-135-share-in-global-smartphone-market-by-2019-report Fri, 12 Aug 2016 15:11:25 +0530 Mumbai:Two-wheeler industry in India is set to record its fastest growth in FY2017, primarily due to good monsoon rains which will give a boost to rural demand https://www.ibef.org/blogs/indias-twowheeler-industry-set-to-record-fastest-growth-in-five-years-in-fiscal-2017 Fri, 12 Aug 2016 15:07:01 +0530 Bhubaneswar: Seafood exports from India are expected to grow by 20 per cent year-on-year in FY 2016-17, based on renewed global demand and addition of more areas for aquaculture. https://www.ibef.org/blogs/seafood-exports-could-grow-20-in-fy17 Fri, 12 Aug 2016 15:01:52 +0530 The Indian auto component industry is expected to grow five-fold by 2026 from its current market size of US$ 40 billion: Automotive Mission Plan (AMP) https://www.ibef.org/blogs/indian-auto-component-industry-to-grow-5-times-by-2026 Fri, 29 Jul 2016 20:27:09 +0530 New Delhi: The Indian agrochemical industry will likely grow by 7.5 per cent year-on-year to US$ 6.3 billion by 2020, while domestic demand is expected to grow at 6.5 per cent and export demand at 9 per cent, according to report by Tata Strategic Management Group (TSMG) and the Federation of Indian Chambers of Commerce and Industry (FICCI). https://www.ibef.org/blogs/indian-agrochemicals-market-to-reach-us-63-billion-by-fy2020-report Fri, 29 Jul 2016 20:21:08 +0530 New Delhi: Mr RC Bhargava, Chairman, Maruti Suzuki, expects India's car market to become the fourth-largest market in the world by reaching 5 million units in annual sales by 2020. https://www.ibef.org/blogs/india-to-be-a-five-million-car-market-by-2020-maruti-suzukis-rc-bhargava Fri, 29 Jul 2016 20:13:59 +0530 New Delhi: The Indian telecommunication services market is expected to grow by 10.3 per cent year-on-year to reach US$ 103.9 billion by 2020, according to a report by leading research firm Market Research Store. https://www.ibef.org/blogs/indian-telecom-services-market-to-touch-10390-billion-by-2020-report Fri, 01 Jul 2016 20:23:08 +0530 Hyderabad: India's analytics industry is expected to touch US$ 16 billion by 2025 from the current US$ 2 billion, as per the National Association of Software and Services Companies (Nasscom). https://www.ibef.org/blogs/indias-analytics-industry-expected-to-grow-eightfold-to-us-16-billion-by-2025-nasscom Fri, 01 Jul 2016 20:11:56 +0530 Panaji: Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy, has stated that the Government of India has set a target to electrify all un-electrified villages in the country by the end of 2016. https://www.ibef.org/blogs/govt-to-electrify-all-villages-by-2016-end-piyush-goyal Fri, 01 Jul 2016 19:52:51 +0530 New Delhi: The Indian media and entertainment industry is expected to reach US$ 40 billion by 2020 from US$ 25.13 billion in 2015, according to a report titled 'Global Entertainment and Media Outlook 2016-20' by PricewaterhouseCoopers (PwC). https://www.ibef.org/blogs/media-entertainment-industry-to-hit-us40-billion-by-2020-pwc Fri, 17 Jun 2016 20:15:47 +0530 New Delhi: India's telemedicine sector is expected to double to Rs 210 crore (US$ 32 million) by 2020, as per Associated Chambers of Commerce and Industry of India (Assocham). https://www.ibef.org/blogs/telemedicine-market-may-touch-rs-200-crore-mark-by-2020-assocham Fri, 17 Jun 2016 20:02:08 +0530 Pune: Smartphone subscriptions in India is expected to increase four-fold to 810 million users by 2021, while the total smartphone traffic is expected to grow seventeen-fold to 4.2 exabytes (EB) per month by 2021, according to the Ericsson Mobility Report India. https://www.ibef.org/blogs/india-to-have-810-mn-smartphone-subscribers-by-2021-report Fri, 17 Jun 2016 19:46:59 +0530 New Delhi: The Government of India has designed a five-year roadmap to increase production of pulses to 24 million tonnes in FY 2020-21 compared to 17 million tonnes in FY 2015-16, by increasing production consistently through better yield and increased area under pulse crop cultivation in all major pulse-producing states. https://www.ibef.org/blogs/centre-draws-fiveyear-plan-to-increase-pulse-production-to-24-million-tonnes-by-2021 Tue, 07 Jun 2016 15:12:43 +0530 New Delhi: Indian e-commerce sector is expected to touch US$ 60 billion in gross merchandise value (GMV) by 2020, as per 'Digital Retail 2020' report by Google and AT Kearney. https://www.ibef.org/blogs/ecommerce-to-reach-60bn-gmv-by-2020 Tue, 07 Jun 2016 15:02:06 +0530 Mumbai: India's Gross Domestic Product (GDP) will likely grow by 7.7 per cent in FY 2016-17 and slowly accelerate to 8 per cent by FY 2018-19, driven by the gradual implementation of structural reforms, higher disposable income and improvement in economic activity, according to Fitch Ratings Agency. https://www.ibef.org/blogs/indias-growth-to-rise-to-8-percent-in-fy2019-fitch Tue, 07 Jun 2016 14:53:00 +0530 Pune: The Indian Healthcare Information Technology (IT) market is valued at US$ 1 billion currently and is expected to grow 1.5 times by 2020, as per National Association of Software and Services Companies (NASSCOM). https://www.ibef.org/blogs/indian-healthcare-it-now-a-us1-billion-market-says-nasscom Tue, 10 May 2016 12:49:56 +0530 New Delhi: Mr Ravi Shankar Prasad, Union Minister for Communications and Information Technology (IT), has predicted that the number of Internet users in India will likely reach 500 million by the end of 2016. https://www.ibef.org/blogs/internet-users-in-india-to-cross-500-mn-in-2016-prasad Tue, 10 May 2016 12:45:42 +0530 New Delhi: The Indian economy is expected to grow by 7.6 per cent in FY 2016-17, mainly due to increased urban household spending amid steady employment growth and low inflation, as per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). https://www.ibef.org/blogs/india-to-grow-at-76-in-fy17-on-urban-spending-un-report Tue, 10 May 2016 12:41:50 +0530 New Delhi: Minister of Road Transport and Highways, and Shipping, Mr Nitin Gadkari has aimed at a 2.5 times increase in the construction of National Highways in https://www.ibef.org/blogs/Ministry-of-Road-Transport-Highways-sets-steep-targets-for-2016-17-Aims-at-2-5-times-increase-in-award-and-construction-of-National-Highways Tue, 26 Apr 2016 14:30:36 +0530 Mumbai: India expects to stop importing coal in the next 2-3 years, which would save foreign exchange to the tune of Rs.40,000 crore a year, power minister Piyush Goyal said on Friday. https://www.ibef.org/blogs/India-will-have-coal-self-sufficiency-in-3-years-Piyush-Goyal Tue, 26 Apr 2016 14:13:55 +0530 Mumbai: India expects to stop importing coal in the next 2-3 years, which would save foreign exchange to the tune of Rs.40,000 crore a year, power minister Piyush Goyal said on Friday. https://www.ibef.org/blogs/India-to-become-US-10-trillion-economy-by-2032-Amitabh-Kant Tue, 26 Apr 2016 14:12:20 +0530 Mumbai: The Indian Auto Component industry is expected to grow by 8-10 per cent in FY 2017-18, based on higher localisation by Original Equipment Manufacturers (OEM), higher component content per vehicle, and rising exports from India, as per ICRA Ltd. https://www.ibef.org/blogs/auto-component-industry-may-grow-810-next-year Fri, 08 Apr 2016 21:19:51 +0530 New Delhi: Mr Ravi Shankar Prasad, Minister of Communications and Information Technology (IT), Government of India estimates that the 'Digital India' initiative is a US$ 1 trillion business opportunity across IT and ITeS, telecom and electronics manufacturing. https://www.ibef.org/blogs/digital-india-a-us-1-trillion-business-opportunity-says-ravi-shankar-prasad Fri, 08 Apr 2016 21:09:17 +0530 Hyderabad: According to the software industry body National Association of Software and Services Companies (Nasscom), India's information technology (IT) industry is expected to grow by 12-14 per cent during FY 2016-17. https://www.ibef.org/blogs/indian-it-industry-to-grow-at-1214-in-201617-nasscom Fri, 08 Apr 2016 21:01:04 +0530 Hyderabad: India's aviation industry, which grew over 20.3 per cent in 2015, is expected to become the third largest aviation market in the world by 2020, as per FICCI-KPMG India Aviation Report, which attributes the high growth to growing economy, increasing disposal income, fall in prices of aircraft turbine fuel (ATF), increase in tourism and visa reforms among other aspects. https://www.ibef.org/blogs/india-aviation-report-says-country-to-become-third-largest-aviation-market-by-2020 Thu, 31 Mar 2016 19:13:46 +0530 Mumbai: The Indian market is expected to outperform emerging markets in 2016, despite the global economic slowdown and weakening conviction among investors, as per a survey conducted by Morgan Stanley. https://www.ibef.org/blogs/india-to-outperform-emerging-markets-in-2016-morgan-stanley-survey Thu, 31 Mar 2016 19:01:58 +0530 New Delhi: Smartphone sales in India are expected to reach 160 million in FY 2016-17, led by falling prices and shift from feature phones to smart devices, as per Associated Chambers of Commerce and Industry of India (ASSOCHAM). https://www.ibef.org/blogs/smartphone-sales-set-to-shoot-up-to-160-million-in-fy17 Thu, 31 Mar 2016 18:45:59 +0530 New Delhi: The Economic Survey 2015-16 forecasted the Indian economy to continue to grow more than seven per cent for the third successive year 2016-17 and can start growing at eight per cent or more in next two years as a result of government’s commitment to carry the reform process forward. https://www.ibef.org/blogs/economy-to-clock-more-than-7-per-cent-growth-this-fiscal-economic-survey-201516-predicts-over-8-per-cent-growth-in-next-couple-of-years Fri, 11 Mar 2016 22:38:04 +0530 New Delhi: The Indian government plans to digitise 0.13 million post offices in the rural areas in FY 2016-17, as part of the plan to spend Rs 4,909 crore (US$ 732 million) for modernisation of 0.155 million post offices. https://www.ibef.org/blogs/government-to-digitise-13-lakh-rural-post-offices-by-march-2017 Fri, 11 Mar 2016 22:30:58 +0530 New Delhi: India is expected to add nearly 4,000 megawatts (MW) of solar power in 2016, nearly twice the addition of 2,133 MW in 2015, as per global clean energy communications and research firm Mercom Capital Group. https://www.ibef.org/blogs/india-to-add-nearly-4000-mw-of-solar-power-in-2016-mercom-capital Fri, 11 Mar 2016 22:22:53 +0530 Mumbai: The Economic Survey for 2015-16, which was tabled in Parliament, has estimated that India can achieve a long-term growth rate of 8-10 per cent by promoting competition, agriculture and investing in health and education. https://www.ibef.org/blogs/economic-survey-outlines-plan-to-attain-gdp-growth-of-810-in-long-term Mon, 29 Feb 2016 14:05:03 +0530 Ahmedabad: Luxury vehicle sales per year in India are expected to more than double to reach 87,300 units by 2020, as against 35,300 units in 2015, according to IHS Automotive. https://www.ibef.org/blogs/luxury-car-sales-to-double-by-2020-ihs Mon, 29 Feb 2016 14:02:08 +0530 Kolkata: Smart grid market in India is expected to reach Rs 50,000 crore (US$ 7.2 billion) in the next four to five years, from the present level of Rs 100 crore (US$ 14.58 million) on the back of government's plans to set up 100 smart cities and 500 smart town: India Smart Grid Forum (ISGF) https://www.ibef.org/blogs/smart-grid-market-to-touch-rs-50000-crore-in-five-years Mon, 29 Feb 2016 13:56:39 +0530 New Delhi: India has a growth potential much higher than seven per cent and can grow at around eight to nine per cent with the reforms being undertaken by the present government and their quick implementation, according to American economist Mr Nouriel Roubini. https://www.ibef.org/blogs/indias-growth-potential-much-higher-than-7-per-cent-says-nouriel-roubini Mon, 15 Feb 2016 19:30:12 +0530 New Delhi: The number of mobile internet users in India is expected to grow 21 per cent to reach 371 million users by June 2016 from 306 million users in December 2015, as per the Internet and Mobile Association of India (IAMAI) and market research firm IMRB International. https://www.ibef.org/blogs/mobile-internet-users-in-india-to-grow-to-371-million-by-june-2016-report Mon, 15 Feb 2016 19:25:34 +0530 Mumbai: Indian domestic air traffic is expected to cross 100 million passengers by FY2017, compared to 81 million passengers in 2015, as per Centre for Asia Pacific Aviation (CAPA). https://www.ibef.org/blogs/domestic-air-traffic-to-cross-100-mn-in-fy17 Mon, 15 Feb 2016 19:20:12 +0530 Mumbai: The Indian IT industry is expected to grow within the predicted range of 12-14% for FY16 in constant currency terms, even after a slowdown affected some of the larger companies in the sector. https://www.ibef.org/blogs/indian-it-industry-expected-to-grow-within-predicted-range-of-1214-for-fy16-in-constant-currency-terms Mon, 01 Feb 2016 17:08:05 +0530 New Delhi: Smartphone shipments in India are expected to grow 37 per cent year-on-year in 2016 as against an average growth of 32 per cent for previous three years, according to a report by Cybermedia Research (CMR). https://www.ibef.org/blogs/smartphone-shipments-set-to-grow-37-in-2016-cmr Mon, 01 Feb 2016 17:05:33 +0530 Mumbai: India’s food retail market is expected to reach Rs 61 lakh crore (US$ 900 billion) by 2020 from Rs 25 lakh crore (US$ 369 billion) in 2014, as per ‘India Food Report 2016’ by Images Group. https://www.ibef.org/blogs/food-retail-market-seen-topping-rs-61-lakh-crore-by-2020-report Mon, 01 Feb 2016 16:59:04 +0530 New Delhi: Indian retail sector is expected to double to US$ 1.1-1.2 trillion by 2020 from US$ 630 billion in 2015, driven by trends such as rising income levels, rapid urbanisation and higher per capita consumption, as per a study by industry lobby Confederation of Indian Industry (CII) and consulting firm The Boston Consulting Group (BCG). https://www.ibef.org/blogs/indian-retail-seen-doubling-by-2020-ciibcg-study Tue, 19 Jan 2016 14:05:37 +0530 New Delhi: In India, around 3.5 million job opportunities are likely to be on offer in 2016, majorly in the retail, app economy and automobile sectors as per Ms Rituparna Chakraborty, co-founder of a staffing firm Teamlease Services and president of Indian Staffing Federation. https://www.ibef.org/blogs/around-35-million-job-opportunities-likely-to-be-on-offer-in-2016 Tue, 19 Jan 2016 13:58:26 +0530 New Delhi: Indian luxury market is expected to cross US$ 18.3 billion by 2016 from the current US$ 14.7 billion as a result of increasing brand awareness and growing purchasing power of the upper class in tier II and III cities, as per a study by The Associated Chambers of Commerce of India (ASSOCHAM). https://www.ibef.org/blogs/indian-luxury-market-to-cross-us183-billion-by-2016-assocham Tue, 19 Jan 2016 13:55:19 +0530 London: India is expected to become the world’s third largest economy just behind China and US post 2030, as per UK-based Centre for Economics Business and Research (CEBR). https://www.ibef.org/blogs/india-could-become-third-largest-economy-post2030-as-per-cebr-study Tue, 05 Jan 2016 19:59:32 +0530 New Delhi: Fundraising from India equity markets is expected to reach US$ 25 billion in 2016, compared to US$ 17 billion raised in 2015, as both government and private sector companies seek equity capital to reduce debt and fund expansion, as per a report by CLSA. https://www.ibef.org/blogs/fundraising-may-hit-rs-16-lakh-crore-in-2016-as-government-and-companies-raise-cash-to-pay-debt Tue, 05 Jan 2016 19:55:40 +0530 New Delhi: The Ministry of Road Transport and Highways aims to offer road projects worth Rs 50,000 crore (US$ 7.5 billion) with total length of 5,000 km under Public Private Partnership (PPP) mode in FY2016-17. https://www.ibef.org/blogs/road-projects-worth-rs-50000-crore-to-be-offered-under-ppp-in-fy17 Tue, 05 Jan 2016 19:50:20 +0530 New Delhi: India’s nutraceuticals market is expected to more than double to US$ 6.1 billion in size by 2020 compared to US$ 2.8 billion at present, as per ‘Emerging Indian Nutraceutical’ Market Report. https://www.ibef.org/blogs/indian-nutraceuticals-market-to-grow-to-us61-billion-by-2020-study Tue, 22 Dec 2015 17:44:47 +0530 Bengaluru: Indian e-commerce sales are expected to reach US$ 55 billion by FY2018 from US$ 14 billion in FY2015, as per marketing research firm eMarketer. https://www.ibef.org/blogs/indian-ecommerce-sales-to-reach-us55-billion-by-2018-report Tue, 22 Dec 2015 17:37:49 +0530 Hyderabad: India needs Rs 31 trillion (US$ 465 billion) to be spent on infrastructure development over the next five years, with 70 per cent of funds needed for power, roads and urban infrastructure segments, as per ASSOCHAM and Crisil Ratings. https://www.ibef.org/blogs/india-requires-rs31-trillion-for-infra-development-over-next-five-years-report Tue, 22 Dec 2015 17:25:16 +0530 Kolkata: India is aiming to a major producer of electronic goods by 2020 under its 'Vision 2020' plan, said Directorate General of Software Technology Parks of India (STPI) Mr Omkar Rai. https://www.ibef.org/blogs/india-aims-to-be-major-producer-of-electronic-goods-by-2020-under-its-vision-2020-plan Wed, 09 Dec 2015 18:08:02 +0530 Kolkata: Indonesia is expecting foreign direct investment worth US$ 40-50 billion over the next five years from India which would be one-third of the total inward FDI aimed by Indonesia, said Indonesian Ambassador to India R W Indrakesuma in a session with the members of Indian Chamber of Commerce (ICC). https://www.ibef.org/blogs/indonesia-expects-us-50-billion-fdi-from-india-in-5-years Wed, 09 Dec 2015 18:04:54 +0530 Mumbai: India is among the five fastest-growing aviation markets globally with 275 million new passengers and is expected to displace UK as the third largest in 2026, as per International Air Transport Association (IATA). https://www.ibef.org/blogs/india-among-5-fastestgrowing-markets-with-275-million-new-air-passengers Wed, 09 Dec 2015 17:51:55 +0530 New Delhi: Solar power prices can reach Rs 4.2 (US$ 0.06) per kWh(kilowatt-hour) and further lower to 10 per cent below coal power prices by 2020, as per a report by KPMG. https://www.ibef.org/blogs/solar-price-may-be-10-below-coal-power-rates-by-2020-report Mon, 23 Nov 2015 18:11:28 +0530 Bengaluru: The number of internet users in India is expected to reach 402 million by December 2015 which will make it the second largest internet base in the world after China, as per Internet and Mobile Association of India (IAMAI) and IMRB International. https://www.ibef.org/blogs/indias-internet-user-base-to-touch-400-million-by-dec-iamai Mon, 23 Nov 2015 18:03:26 +0530 Kolkata: India's rooftop solar capacity addition grew 66 per cent from last year to reach 525 mega watts (MW), and has the potential to grow up to 6.5 giga watts (GW) by 2020, according to consulting and knowledge service provider Bridge to India. https://www.ibef.org/blogs/indias-rooftop-solar-capacity-to-touch-65-gw-by-2020-study Mon, 23 Nov 2015 17:58:02 +0530 Coimbatore: India is expected to become the largest cotton producer in the world in FY 2015-16, replacing China, with estimated cotton production of around 400 lakh bales, according to Southern India Mills’ Association (SIMA), the apex body of spinners in the Southern Region. https://www.ibef.org/blogs/india-to-become-the-largest-cotton-producer-in-the-world Mon, 16 Nov 2015 16:45:02 +0530 Chennai: With the spices and spice products exports getting doubled every five years, India’s Spices Board expects spices exports to reach US$ 3 billion by FY 2017. https://www.ibef.org/blogs/spices-board-eyes-3-bn-from-exports-by-2017 Mon, 16 Nov 2015 16:40:29 +0530 Mumbai: Indian domestic air traffic is expected to increase three-fold to 218 million air travellers by FY2025 from 70 million in FY2015 according to Vistara-Centre for Asia Pacific Aviation (CAPA) joint report. https://www.ibef.org/blogs/domestic-air-traffic-to-soar-3fold-to-218-mn-by-2025-as-per-vistaracapa-report Mon, 16 Nov 2015 15:34:56 +0530 A leading 32% of the investors ranked India as the most attractive market this year, while 60% placed the country among the top three investment destinations, in the recent concluded EY’s 2015 India Tax Attractiveness survey.  https://www.ibef.org/blogs/india-ranked-as-the-top-investment-destination-eys-2015-india-attractiveness-survey Wed, 04 Nov 2015 12:31:46 +0530 New Delhi: The Indian Media & Entertainment sector is expected to reach US$ 100 billion by 2025, from its current size of US$ 17.5 billion, due to its large capacity to consume new products and businesses, as per a report by Boston Consulting Group (BCG) and Confederation of Indian Industry (CII). https://www.ibef.org/blogs/media-entertainment-sector-to-touch-100-bn-by-2025-says-bcg-report Fri, 23 Oct 2015 21:32:07 +0530 Mumbai: Call it the China slowing down effect or early signs of optimism returning to Narendra Modi government's efforts to revive the economy, but India was ranked 2nd for business optimism. https://www.ibef.org/blogs/india-ranked-second-on-global-business-optimism-index-in-september-quarter Fri, 23 Oct 2015 21:18:48 +0530 New Delhi: Indian middle-class wealth has grown 150 per cent since 2000, higher than the global average, as per the Global Wealth Report 2015 by Credit Suisse AG. https://www.ibef.org/blogs/middle-class-wealth-up-150-in-india-since-2000-report Fri, 23 Oct 2015 20:58:48 +0530 New Delhi: The Indian Information Technology (IT) sector is expected to grow 11 per cent per annum and triple its current annual revenue to reach US$ 350 billion by FY 2025, as per National Association of Software and Services Companies (NASSCOM). https://www.ibef.org/blogs/it-sector-to-touch-350-bn-in-revenues-by-2025 Thu, 15 Oct 2015 19:22:29 +0530 Mumbai: Bilateral trade between India and the US is expected to touch US$ 500 billion by 2025 according to a survey conducted by PwC and Indo American Chamber of Commerce (IACC). https://www.ibef.org/blogs/indous-bilateral-trade-can-increase-fivefold-to-us-500-billion-by-2025-as-per-pwc-and-indo-american-chamber-of-commerce-iacc-report Thu, 15 Oct 2015 19:15:50 +0530 Mumbai: Online hotel bookings in India are expected to increase by more than two-fold to 8.4 million by 2016, thereby also increasing the size of online hotel industry to US$ 1.8 billion from the current US$ 0.8 billion, as per a report by rating agency ICRA. https://www.ibef.org/blogs/online-hotel-bookings-to-more-than-double-by-next-year-icra Thu, 15 Oct 2015 19:11:10 +0530 Bengaluru: According to research firm Gartner Inc, the Indian government is expected to increase its spending on information technology (IT) products and services by 5.2 per cent to US$ 6.88 billion this year as it increases efforts to connect more people on Internet as well as its Digital India initiative. https://www.ibef.org/blogs/indias-spending-on-it-may-rise-over-5-to-us-688-billion-this-year-gartner Thu, 01 Oct 2015 16:23:10 +0530 Mumbai: With an 8 per cent share in polished diamonds, India has become the world's third largest diamond consumer behind the US and China with 42 and 16 per cent respectively, according to the latest Diamond Insight report by global major De Beers. https://www.ibef.org/blogs/india-worlds-number-3-market-for-diamonds Thu, 01 Oct 2015 16:11:30 +0530 New Delhi: Indian e-commerce industry is expected to grow at a compound annual growth rate (CAGR) of 35 per cent to reach US$ 100 billion size in the next five years, as per a study by Assocham-PricewaterhouseCoopers. https://www.ibef.org/blogs/etailing-expected-to-post-35-per-cent-growth-in-5-years-study Tue, 15 Sep 2015 18:28:09 +0530 New Delhi: A survey by Federation of Indian Chamber of Commerce and Industries (FICCI) revealed that 25 per cent of manufacturing firms have investment plans in the next six months. https://www.ibef.org/blogs/25-manufacturers-want-to-add-capacity-ficci-survey Tue, 15 Sep 2015 18:07:30 +0530 New Delhi: A recent study by research firm International Data Corporation (IDC) suggests that India may soon be able to catch up with the global technology trends that have disrupted enterprises, industry and the way consumers behave and transact. https://www.ibef.org/blogs/india-may-soon-catch-up-with-disruptive-global-technology-trends-idc Tue, 15 Sep 2015 16:41:18 +0530 Bengaluru: Out of all smartphones shipped during the April-June 2015 quarter, 24.8 per cent were made in India, a significant rise as compared to 19.9 per cent in preceding quarter according to CyberMedia Research report. https://www.ibef.org/blogs/indiamade-smartphones-share-increased-to-248-percent-in-q2-study Tue, 01 Sep 2015 16:41:21 +0530 New Delhi: The affordable housing segment has the potential to provide a Rs 75,800 crore (US$ 11.8 billion) opportunity to the private sector across seven major cities which include Delhi, National Capital Region (NCR), Mumbai metropolitan region, Bengaluru, Chennai, Hyderabad, Kolkata and Pune, according to a report by  Cushman and Wakefield and the Confederation of Real Estate Developers' Associations of India. https://www.ibef.org/blogs/affordable-housing-a-12billion-opportunity-says-report Tue, 01 Sep 2015 16:36:22 +0530 New Delhi: According to a study by Hansa Cequity, a customer marketing firm and Retailers Association of India (RAI), nearly 74 per cent of Indian consumers shop across all channels which include local retailers, modern trade outlets and online channels. https://www.ibef.org/blogs/most-indians-shop-across-channels-study Tue, 01 Sep 2015 16:31:39 +0530 Mumbai: International Data Corporation (IDC) predicts India to overtake US as the second-largest smartphone market globally by 2017 and to maintain high growth rate over the next few years as people switch to smartphones and gradually upgrade to 4G. https://www.ibef.org/blogs/india-to-overtake-us-as-the-2nd-largest-smartphone-market-by-2017 Mon, 17 Aug 2015 16:07:02 +0530 New Delhi: Solar power is estimated to provide 110 terawatt-hours or one-fifth of additional power demand in India within the next 7 years, as per report by Institute for Energy Economics and Financial Analysis (IEEFA). https://www.ibef.org/blogs/solar-power-capacity-in-india-to-supply-onefifth-of-additional-power-demand-over-next-7-years Mon, 17 Aug 2015 15:59:11 +0530 New Delhi: India's local language Internet users have grown to 127 million in June 2015, indicating a growth of 47 per cent year-on-year, as per a report by Internet and Mobile Association of India (IAMAI) and market research firm IMRB International https://www.ibef.org/blogs/local-language-internet-users-grow-to-127-million-in-india Mon, 17 Aug 2015 15:52:56 +0530 Bengaluru: Bengaluru has the youngest start-up ecosystem in the world, with the average founder's age at 28.5 years, according to ‘The Startup Ecosystem’ report by San Francisco-based research firm Compass. https://www.ibef.org/blogs/at-average-285-yrs-bengaluru-has-youngest-entrepreneurs-in-world Fri, 07 Aug 2015 11:46:44 +0530 Guwahati: The Indian facilities management market is anticipated to grow at a CAGR of 17 per cent during 2015-2020 to reach US$ 19.4 billion in size by 2020, according to a report by Global Infrastructure Facilities and Project Managers Association (GIFPMA). https://www.ibef.org/blogs/indias-facility-management-market-to-grow-at-17-per-cent-cagr-and-cross-us-19-billion-by-2020 Wed, 05 Aug 2015 16:14:58 +0530 New Delhi: India’s mobile internet user base is expected to double to 314 million by 2017, with 60 per cent being mobile-only internet users, as per a report by KPMG and Internet and Mobile Association of India (IAMAI). https://www.ibef.org/blogs/mobile-internet-users-in-india-to-double-by-2017-says-study Wed, 05 Aug 2015 16:08:33 +0530 This Gecko is not a lizard. It is a bluetooth low energy (BLE) device that works as an appcessory (an accessory with smartphone app), to make your smartphone even smarter. “The product Gecko, I can say proudly, is my idea and dream to show the world that India can produce innovative products,” says its creator Mr Bahubali Shete, Founder, CEO and Managing Director, Connovate Technology Pvt Ltd. It is with companies like Connovate that India is marking its presence on the Internet of Things (IoT) platform. The frenzy around IoT is reaching an inflection point across the world. As the crescendo around connected devices builds up, we are inexorably moving towards a world where we are destined to live with almost everything connected—objects, animals, plants, people, etc. The space in India too is poised for bigger innovations, with the country coming up with a framework policy on IoT. Vision Digital India is a further boost to the rapidly evolving IoT space, offering immense opportunities to businesses. https://www.ibef.org/blogs/stay-connected-with-gecko Sat, 29 Nov 2014 15:27:28 +0530 Brickwork India is not just the pioneer of the virtual assistant services concept but the most famous one as well. It has prominently featured in two global bestsellers—The World is Flat by Thomas Friedman and the 4-Hour Work Week by Timothy Ferris and is the India Representative for Fairfax County Government (USA). What gives the cutting edge to the company in this competitive arena is their path-breaking concept, REA™, a trademark application, launched in early 2005. The idea fuelling the development of this service was “simple but powerful”, said Mr Vivek Kulkarni, Founder and Chairman, Brickwork India. https://www.ibef.org/blogs/VIRTUALLY-YOURS Mon, 30 Mar 2015 15:21:14 +0530 New Delhi: Investments in solar capacity addition in India are expected to exceed investments in coal based power capacity by 2019-20, as per a Deutsche Bank report, which states that US$ 35 billion of commitments have already been made by global companies such as SunEdison, SoftBank, Foxconn, Trina Solar and others. The Government of India is targeting a five-fold increase in solar power capacity to 100,000 MW by 2022 from 20,000 MW. https://www.ibef.org/blogs/indias-annual-solar-investments-to-surpass-those-in-coal-by-2020deutsche-bank-report Fri, 17 Jul 2015 14:36:55 +0530 New Delhi: Led by favourable factors such as young well-educated population with high levels of entrepreneurship and business ownership, well-developed legal sy https://www.ibef.org/blogs/India-to-be-home-to-4-37-lakh-millionaires-by-2018-and-twice-as-many-by-2023 Fri, 17 Jul 2015 14:29:44 +0530 New Delhi: India's household spending on technical education such as engineering and vocation courses doubled in past seven year period (ending 2014) led by rise in inflation, higher demand and increasing number of private institutions, according to the 71st round of Survey on Social Consumption (Education) by the National Sample Survey. https://www.ibef.org/blogs/Spending-on-engineering-vocational-courses-doubled-in-7-years-Survey Thu, 09 Jul 2015 11:13:33 +0530 Mumbai: 21 per cent of total shopping in India is influenced by digital devices leading to Rs.60,000 crore (US$ 9.4 billion) of in-store retail purchase, as per https://www.ibef.org/blogs/21-per-cent-of-retail-sales-influenced-by-digital-Deloitte-report Thu, 09 Jul 2015 11:08:00 +0530 Bengaluru: Social media penetration in rural India increased 50 per cent Y-o-Y in 2014, higher than urban India which witnessed a 35 per cent growth Y-o-Y, according to a report by IMRB International and Internet and Mobile Association of India (IAMAI). https://www.ibef.org/blogs/Social-media-penetrates-rural-India-faster-than-urban Thu, 25 Jun 2015 14:54:37 +0530 Mumbai: The US$ 7.4 billion (Rs 47,047 crore) Indian information technology (IT) services market is expected to grow at a compound annual growth rate (CAGR) of 10.8 per cent between 2014-2019, higher than 7.1 per cent growth in 2014, led by the Digital India initiative from the Government of India, according to a report by International Data Corporation (IDC). https://www.ibef.org/blogs/IT-services-market-to-grow-annually-during-2014-2019 Thu, 25 Jun 2015 14:47:30 +0530 New Delhi: Indian economy is expected to grow at 8.1 per cent for 2015-16, according to United Nations body. https://www.ibef.org/blogs/india-to-grow-at-8-point-1-percent-in-2015-16-un-survey Mon, 18 May 2015 17:48:51 +0530 New Delhi: The number of telephone connections in India has crossed one billion by end of April 2015. https://www.ibef.org/blogs/india-crosses-a-billion-telephone-numbers-in-april Mon, 18 May 2015 17:45:07 +0530 https://www.ibef.org/blogs/industry/science-technology-presentation Wed, 11 Apr 2018 14:44:59 +0530 https://www.ibef.org/blogs/industry/education-presentation Fri, 12 Oct 2018 00:00:00 +0530 New Delhi: Judging by the latest data on investment flows, foreign investors are increasingly ebullient about India's growth prospects. Foreign direct investment (FDI) rose to $41.2 billion (about Rs 2.6 lakh crore) during 2014-15 (up to February 2015, the financial year's 11th month), up 31 per cent over the same period the previous year, shows Reserve Bank of India data. https://www.ibef.org/blogs/revival-of-investment-cycle-new-announcements Fri, 17 Apr 2015 14:35:41 +0530 Mumbai: Digital media spending globally is expected to exceed 25% of total advertising spending in 2016, according to a recently released report by Carat, a global media network, part of the Dentsu Aegis Network-a multinational media and digital marketing communications firm. This will be fuelled by a surge in mobile ad spending this year, the report said. https://www.ibef.org/blogs/digital-will-account-for-a-quarter-of-all-ad-spends-globally-in-2016 Wed, 08 Apr 2015 18:29:21 +0530 New Delhi: The domestic passenger vehicle industry showed the first signs of gaining some momentum in February with a 6.2% growth in sales over last year, shrugging off withdrawal of excise duty concessions last December. https://www.ibef.org/blogs/car-suv-sales-rise-6-2-percent-in-february Wed, 18 Mar 2015 14:33:50 +0530 New Delhi: Chocolate sales in India has crossed Rs 10,000 crore (US$ 1.61 billion) in 2014, an increase of 24 per cent from last year, according to Euromonitor. https://www.ibef.org/blogs/indias-chocolate-sale-crosses-rs-10000-crore Tue, 17 Feb 2015 11:40:37 +0530 Chennai :Total corporate funding into the solar sector increased 175% in 2014 to $26.5 billion compared with $9.6 billion in 2013, according to a report by Mercom Capital Group, a global clean energy communications and consulting firm. https://www.ibef.org/blogs/corporate-funding-into-solar-sector Mon, 19 Jan 2015 19:08:46 +0530 Hyderabad: India's poultry sector is likely to see double-digit growth in 2015 because of stable feed prices and encouraging rural demand, notwithstanding local and global challenges including a recent outbreak of bird flu and threat of chicken-leg imports from the US, say analysts and industry players. The domestic poultry sector had suffered during the past few years due to continuous increase in feedstock (mainly soya and maize) prices and oversupply of poultry products, coupled with untimely rains and drought in various parts of the country. https://www.ibef.org/blogs/poultry-market-likely-to-see-double-digit-growth-in-2015 Mon, 05 Jan 2015 15:55:00 +0530 Hyderabad: The fashion conscious Indian woman with higher disposable income is driving the fashion and imitation jewellery market in India. The 15 to 20% year-on-year growth in the segment with an estimated market size of Rs 15,000 crore provides an alternative for players to create an identifiable brand in a space dominated by small manufacturers. The segment which targets young women and professionals in the 18 to 35 year bracket has seen the emergence of multiple brands in the last two years. Omni-channel strategy and expansion to underserved Tier-2 and 3 cities ensures that the brands ring a bell beyond the marketplace. https://www.ibef.org/blogs/indian-women-ride-high-on-fashion-and-imitation-jewellery Tue, 16 Dec 2014 13:50:00 +0530 New Delhi:The domestic private security services industry aims at registering over 20 per cent growth in the next few years and expects to double its market size to Rs 80,000 crore by 2020. https://www.ibef.org/blogs/private-security-sector-aims-20-percent-growth-by-2020 Tue, 16 Dec 2014 13:50:00 +0530 New Delhi: Festival demand boosted domestic mobile shipments in the third quarter of this year, making India the fastest growing market in Asia Pacific with a quarter-on-quarter growth of 27%, according to IDC. https://www.ibef.org/blogs/every-third-mobile-sold-in-india-is-a-smartphone Mon, 01 Dec 2014 17:58:01 +0530 Bengaluru: The domestic production of iron ore has shown a positive trend during the first half of the current financial year, despite many mines being shut in Goa, Karnataka, Odisha and Jharkhand. https://www.ibef.org/blogs/iron-ore-output-climbs-10-percent Tue, 21 Oct 2014 16:20:00 +0530 New Delhi: IT spending in India is expected to reach $73.3 billion in 2015, a 9.4% increase from the 2014 forecast, according to market research firm Gartner. https://www.ibef.org/blogs/indias-it-spending-to-grow-10percent Thu, 16 Oct 2014 15:20:00 +0530 Mumbai: Indian employees are expected to see a salary hike of 10.8 per cent in 2015, said a survey by Towers Watson. According to the the Towers Watson 2014-15 Asia-Pacific Salary Budget Planning Report, Pakistan, Bangladesh and Vietnam are set to lead the way with over 11 per cent overall salary increases while India is placed at the fourth position. https://www.ibef.org/blogs/indians-to-see-10-8-percent-pay-rise-in-2015 Tue, 30 Sep 2014 11:20:00 +0530 New Delhi/Mumbai: The internet's share in total advertising revenue is expected to double from eight per cent in 2013 to 16 per cent in 2018, according to a report by the Confederation of Indian Industry (CII) and PricewaterhouseCoopers (PwC). https://www.ibef.org/blogs/digital-ad-revenue-share-to-double-in-five-years Thu, 18 Sep 2014 11:20:00 +0530 New Delhi: India has the potential to become the world's fifth-largest exporter of goods by 2030 with the textile industry set to regain its place as the global garment hub, an HSBC report said. https://www.ibef.org/blogs/india-can-become-major-export-hub-by-2030 Wed, 17 Sep 2014 11:20:00 +0530 New Delhi: India remains the top offshoring destination for information technology (IT) companies, followed by China and Malaysia, said a study by A.T. Kearney on Monday. https://www.ibef.org/blogs/india-remains-top-offshoring-destination-for-it-firms-report Tue, 16 Sep 2014 11:20:00 +0530 New Delhi: Shri Santosh Kumar Gangwar, Minister of State for Textiles (I/C) today received the draft Vision, Strategy & Action Plan for Indian Textiles & Apparels presented by Shri Ajay Shankar, Chairman, Expert Committee & Member Secretary, National Manufacturing Competitiveness Council (NMCC). https://www.ibef.org/blogs/textiles-vision-document-projects-textiles-export Wed, 30 Jul 2014 10:33:00 +0530 Mumbai: During his four-hour visit to BARC, Modi praised the contribution of nuclear scientists in the successful implementation of India’s three-stage nuclear programme. https://www.ibef.org/blogs/indias-nuclear-capacity-could-jump-threefold-by-2023-24-modi Tue, 22 Jul 2014 10:33:00 +0530 New Delhi: Industrial production was at a 19-month high, growing 4.7 per cent in May on improved performances across sectors, including the manufacturing, mining and power sectors. https://www.ibef.org/blogs/industrial-growth-at-19-month-high Mon, 14 Jul 2014 11:00:00 +0530 New Delhi: India targeted mergers and acquisitions (M&A) activity registered a growth of 47.4 per cent in H1 2014 to touch US$ 17.1 billion, as compared to US$ 11.6 billion in H1 2013, according to a report by Mergermarket. https://www.ibef.org/blogs/ma-deals-jump-47-percent-to-17-1-bn-in-h1 Mon, 14 Jul 2014 11:00:00 +0530 Hyderabad: The US Green Building Council (USGBC) has ranked India No 3 among list of the top 10 countries for LEED (Leadership in Energy & Environmental Design) certified buildings outside of the US. https://www.ibef.org/blogs/india-ranks-no-3-on-us-green-building-council-list Mon, 12 May 2014 14:26:55 +0530 Mumbai: Despite the continued focus on digitisation, India’s demand for paper is expected to rise 53 per cent in the next six years, primarily due to a sustained increase in the number of school-going children in rural areas. https://www.ibef.org/blogs/indias-paper-demand-to-rise-53-per-by-2020 Mon, 12 May 2014 13:04:09 +0530 New Delhi: There is good news for job hunters as hiring activity in 2014 is set to see an upward trend, with IT and pharma sectors expected to lead the pack, according to a new survey. https://www.ibef.org/blogs/it-pharma-to-lead-hiring-upswing-in-2014 Wed, 23 Apr 2014 00:00:00 +0530 New Delhi: A day after the Bharatiya Janata Party’s (BJP’s) election manifesto opposed foreign direct investment (FDI) in multi-brand retail, Walmart’s Asia head has suggested the American retail giant plans to open another 50 cash-and-carry, or wholesale, stores in India over the next four-five years. Price said this to Business Standard in a telephone interview from Hong Kong but refused to disclose whether any store would be opened this year. https://www.ibef.org/blogs/walmart-to-open-50-wholesale-stores Wed, 23 Apr 2014 00:00:00 +0530 https://www.ibef.org/blogs/entertainment-presentation Sat, 28 Apr 2018 00:00:00 +0530 At a time when Swedish furniture major IKEA is planning to roll out its stores in India, online retailers are becoming increasingly active in this segment. German Rocket Internet-sponsored FabFurnish and Norwest Venture Partners-funded Pepperfry are among those who have entered the furniture segment. From Maharaja beds to wardrobes, these websites allow one to buy all furniture online. https://www.ibef.org/blogs/furniture-category-set-to-expand-in-e-commerce-19-march-14 Wed, 19 Mar 2014 00:00:00 +0530 New Delhi: According to the McKinsey report, 'Joining Hands to Unlock Africa's Potential A New Indian Industry-led Approach to Africa', organised by the CII, India can aspire to capture almost seven per cent of the IT services market, five per cent of the FMCG space, 10 per cent of the power sector, and two to five per cent of the agri-allied services. https://www.ibef.org/blogs/india-can-quadruple-revenues-from-africa-by-2025-mckinsey-report-19-march-14 Wed, 19 Mar 2014 00:00:00 +0530 Mumbai: Foreign direct investment (FDI) by multinational food processing companies has shot up to $2.14 billion in the country between April and October 2013, and continues to increase significantly. https://www.ibef.org/blogs/indian-retail-market-set-to-touch-865-billion-dollar-by-2023 Tue, 28 Jan 2014 00:01:00 +0530 New Delhi: The Union Minister for Civil Aviation, Shri Ajit Singh has decided to remove restrictions on flights of Airbus A-380 to India. Now, flights of A-380 to India will be allowed to airports which are equipped to handle them. At present only 4 airports, i.e. Delhi, Mumbai, Hyderabad and Bangalore have the required infrastructure for operations of A-380. The decision has been taken after due consultations with the DGCA, Air India and Airports Authority of India. https://www.ibef.org/blogs/civil-aviation-ministry-approves-operations-of-airbus-a-380-in-india Tue, 28 Jan 2014 00:02:00 +0530 New Delhi: Net addition to mall space in Chennai, Delhi, Bangalore, Mumbai, Kolkata, Hyderabad and Pune is set to more than double to 11.6 million square feet in 2014. This will take up the mall stock across India’s metropolitan cities to 87.7 million sq feet by the end of the year, according to a new report by real estate consultancy firm Jones Lang LaSalle. https://www.ibef.org/blogs/shopping-malls-to-grow-in-size-numbers-in-2014-report Fri, 17 Jan 2014 00:00:00 +0530 Mumbai: Indian chief executive officers and managing directors in India can expect a 10% salary hike in 2014, according to a report by global management consultancy, Hay Group. The annual Top Executive Compensation Report 2013-14 said that median salary for the MD / CEO expected to increase by 10 cent in 2014, up from 9% last year. https://www.ibef.org/blogs/indian-ceo-s-to-see-10-percent-salary-rise-in-2014 Tue, 28 Jan 2014 00:03:00 +0530 The Indian IT industry is expected to witness about 12 per cent growth over the next four years, to reach a market size of about INR1.8 lakh crore by 2016. IT services and software products will lead this growth, due to an increase in IT adoption by companies, shift towards outsourcing and emergence of new technologies. The role of IT in organisations is expected to evolve from simply being "order takers" to transformative "business partners". https://www.ibef.org/blogs/it-for-india-new-horizons-new-opportunities Thu, 01 Aug 2013 00:03:00 +0530 From 2008 through 2011, the revenues of global challengers grew by an annual average of 16 per cent. Their average revenues now exceed those of the nonfinancial S&P 500 companies. https://www.ibef.org/blogs/bcg-global-challengers Thu, 01 Aug 2013 00:02:00 +0530 Being one of the fastest growing economies across the world with a large base of dynamic and young population, India is well-poised to lead the global economic growth charts for many more years to come. India needs thriving cities in order to harness the huge potential the economy offers. https://www.ibef.org/blogs/india-s-urban-awakening-building-inclusive-cities-sustaining-economic-growth Thu, 01 Aug 2013 00:01:00 +0530 https://www.ibef.org/blogs/electrical-machinery-sector-report Wed, 14 Jun 2017 00:00:00 +0530 https://www.ibef.org/blogs/indian-power-industry-analysis-presentation Mon, 30 Apr 2018 00:00:00 +0530 Bambikes promises physical exercise, fresh air and in addition reduces your carbon footprint on Mother Earth. The architect of India’s Bambikes, Mr Vijay Sharma, passionately desires that more people take to cycling for the health and ecology benefits that it packs in its pedals. It is this singular wish that is driving him to persist with building these ecofriendly Bambikes. The bikethough has created plenty of buzz in the India and abroad. https://www.ibef.org/blogs/pedalling-a-green-cause Thu, 18 Jul 2013 00:13:00 +0530 Aakash Sinha, Robotics Scientist and Founder of Omnipresent Robot Tech, has an impressive resume. He has worked with some top US robotics companies including Lockheed-Martin. As an employee he proved his mettle, winning the outstanding employee award as the Technical Head at iRobot Corp, where his team delivered over 3,000 PackBot robots to the US Army. As an engineer-scientist too, he was making his mark with more than 15 international publications in robotics. https://www.ibef.org/blogs/building-robots-with-human-intelligence Thu, 30 May 2013 00:12:00 +0530 In March 2012, then President Pratibha Patil presented the Sixth National Grassroots Innovation Awards to 47 innovators of India. Among the top three honorees was Mr Gurmail Singh Dhonsi of Ganganagar, Rajasthan, winner of the National First Award. Rapid Compost Aerator and Tractor Mounted Tree Pruner, innovations that fetched him the national recognition, are prime examples of what drives Dhonsi. https://www.ibef.org/blogs/innovating-for-the-farmer Sun, 18 Nov 2012 00:11:00 +0530 The field of biomedical engineering is just coming into its own in India. CGN Research Labs is unique in its devotion to the promotion of cutting-edge research, technology and innovation in a field that would add lustre to India's growth story. https://www.ibef.org/blogs/with-a-human-heart Sat, 22 Sep 2012 00:10:00 +0530 It is a bit incongruous to find a game application on a website which is purported to have unleashed a quiet revolution in India’s countryside. But right below the neatly stacked vignettes of farming activities is the link to the game which takes you to Facebook. https://www.ibef.org/blogs/a-green-extension Tue, 10 Jul 2012 00:09:00 +0530 Genome Valley is India's first biotechnology cluster and home to some of the most prestigious research and development (R&D) institutions. It provides world-class infrastructure to more than 100 biotechnology companies for conducting cutting-edge research in life sciences, training their scientists, scientific collaboration and manufacturing activities. https://www.ibef.org/blogs/nurturing-innovation Thu, 15 Mar 2012 00:08:00 +0530 Giri Balasubramaniam, founded Greycaps India Pvt Ltd in Bengaluru in 1999. It is now the country's second largest quiz company. https://www.ibef.org/blogs/asking-the-right-questions Tue, 06 Sep 2011 00:07:00 +0530 Imli Toshi Namo, a young innovator who grew up in Nagaland, spent his time roaming around the sprawling bamboo plantations and observing the grass being harvested and processed, before it was shaped into furniture or items of handicraft. https://www.ibef.org/blogs/wood-worth Sun, 22 May 2011 00:06:00 +0530 Satish Deb of Bhilai in Chhattisgarh, an inspired innovator, has revived the dying treadle presses with a cheap and easy conversion kit. He has converted the slow and foot-operated treadle press into a smart screen printing press, and has a US patent for his innovation. https://www.ibef.org/blogs/express-innovation Fri, 18 Mar 2011 00:05:00 +0530 Godrej has developed a low-cost refrigeration solution, ChotuKool, to cater to rural households in India. To popularise this 7.8 kg eco-friendly refrigerator in rural India, Godrej is partnering with non-governmental organisations (NGOs) and micro-finance institutions and collaborating with self-help groups. https://www.ibef.org/blogs/the-coolest-little-refrigerator-for-rural-india Tue, 18 Feb 2014 00:04:00 +0530 Mumbai's Rajesh Jain, 41, founded Novatium, a Chennai-based company that makes NetPC. The machine is based on cheap cell-phone chips and without the hard- disk drive, extensive memory and pre packaged software that add hundreds of dollars to the cost of regular PCs. Instead, NetPCs are little more than a keyboard, a screen and a couple of USB ports - and use a central network server to run software applications and store data. Novatium sells the NetPC for only US$ 155. https://www.ibef.org/blogs/cloud-surfing Sun, 02 Jan 2011 00:03:00 +0530 Studsat, for student satellite, has been designed and built by 45 engineering students across 10 colleges in Hyderabad and Bengaluru. Studsat, the tiny satellite, carries a complementary metal oxide semiconductor (CMOS) camera and four small solar panels mounted for power supply. https://www.ibef.org/blogs/a-space-odyssey Wed, 10 Nov 2010 00:02:00 +0530 The well-designed Pi is a pretty smart reader. Sleek and handy, the device fits into the palm of your hand and holds more page-turners than the average bookshop. https://www.ibef.org/blogs/the-new-life-of-pi Tue, 18 Mar 2014 00:01:00 +0530 https://www.ibef.org/blogs/metals-and-mining-sector-report Thu, 20 Jul 2017 00:00:00 +0530 https://www.ibef.org/blogs/steel-presentation Mon, 30 Apr 2018 00:00:00 +0530 https://www.ibef.org/blogs/chemicals-sector-report Wed, 14 Jun 2017 00:00:00 +0530 https://www.ibef.org/blogs/indian-engineering-industry-analysis-presentation Sat, 28 Apr 2018 00:00:00 +0530 It participates in various international trade fairs and exhibitions, and facilitates member visits and trade delegations, etc. https://www.ibef.org/blogs/http:/www.wwepcindia.com Mon, 17 Feb 2014 00:00:00 +0530 It is an autonomous non-profit export promotion council sponsored by the Ministry of Textiles, Government of India. https://www.ibef.org/blogs/http:/www.wooltexpro.com Mon, 17 Feb 2014 00:00:00 +0530 It is a facilitator for tobacco growers, traders and exporters. https://www.ibef.org/blogs/http:/tobaccoboard.com Mon, 17 Feb 2014 00:00:00 +0530 The Board undertakes direct promotional activities, which include organising joint participation in international fairs and exhibitions... https://www.ibef.org/blogs/http:/www.teaboard.gov.in Mon, 17 Feb 2014 00:00:00 +0530 The Council extends all possible assistance to Indian exporters of synthetic and rayon... https://www.ibef.org/blogs/http:/www.srtepc.org Mon, 17 Feb 2014 00:00:00 +0530 It promotes the export of sports goods and toys from India. https://www.ibef.org/blogs/http:/www.sportsgoodsindia.org Mon, 17 Feb 2014 00:00:00 +0530 The Spices Board of India works towards the development and worldwide promotion of Indian spices. https://www.ibef.org/blogs/http:/www.indianspices.com Mon, 17 Feb 2014 00:00:00 +0530 It has initiated programmes for the growth and development of the silk industry. https://www.ibef.org/blogs/http:/www.theindiansilkexportpromotioncouncil.com Mon, 17 Feb 2014 00:00:00 +0530 It works as the catalysing agency for the long-term development and export promotion of shellac and lac-based products. https://www.ibef.org/blogs/http:/shellacepc.com Mon, 17 Feb 2014 00:00:00 +0530 It is the nodal agency for the development and promotion of exports of powerloom products. https://www.ibef.org/blogs/http:/www.pdexcil.org Mon, 17 Feb 2014 00:00:00 +0530 It is the apex government body for the promotion of exports by the Indian plastics industry. https://www.ibef.org/blogs/http:/www.plexconcil.co.in Mon, 17 Feb 2014 00:00:00 +0530 It was set up in 2004 by Ministry of Commerce and Industry, Government of India, for the promotion of pharma exports. https://www.ibef.org/blogs/https:/pharmexcil.com Mon, 17 Feb 2014 00:00:00 +0530 It is an autonomous, non-profit organisation, which is entrusted with export promotion activities... https://www.ibef.org/blogs/http:/www.leatherindia.org Mon, 17 Feb 2014 00:00:00 +0530 It is a statutory body to promote the export of all handloom products... https://www.ibef.org/blogs/http:/www.hepcindia.com/home.php Mon, 17 Feb 2014 00:00:00 +0530 It is the apex body of the Government of India and works under the administrative control of the Ministry of Textiles. https://www.ibef.org/blogs/http:/www.epch.in Mon, 17 Feb 2014 00:00:00 +0530 It ndertakes direct promotional activities, including joint participation in international jewellery shows. https://www.ibef.org/blogs/https:/www.gjepc.org Mon, 17 Feb 2014 00:00:00 +0530 It has more than 12,000 members, including small and medium enterprises (SME), trading houses, etc.  https://www.ibef.org/blogs/https:/www.eepcindia.org Mon, 17 Feb 2014 00:00:00 +0530 It was formed to provide a platform to the IT & Electronics Industry in India.  https://www.ibef.org/blogs/https:/www.escindia.in Mon, 17 Feb 2014 00:00:00 +0530 It takes part in national and international events to enhance the visibility of Indian products. https://www.ibef.org/blogs/https:/texprocil.org Mon, 17 Feb 2014 00:00:00 +0530 The Council is engaged in organising promotional events... https://www.ibef.org/blogs/https:/chemexcil.in Mon, 17 Feb 2014 00:00:00 +0530 It is engaged in research, development, quality upgrade, and domestic and international promotion of Indian coffee. https://www.ibef.org/blogs/https:/indiacoffee.org Mon, 17 Feb 2014 00:00:00 +0530 It works towards the promotion of the export of cashew kernels and cashew nut shell liquid (CNSL). https://www.ibef.org/blogs/http:/www.cashewindia.org Mon, 17 Feb 2014 00:00:00 +0530 It is the apex body of exporters of hand-made carpets and other floor coverings in India. https://www.ibef.org/blogs/http:/www.cepc.co.in Mon, 17 Feb 2014 00:00:00 +0530 It is the official body of apparel exporters that provides assistance to Indian exporters. https://www.ibef.org/blogs/http:/www.aepcindia.com/node Mon, 17 Feb 2014 00:00:00 +0530 It plays a significant role in expanding the export potential of Indian agricultural and food products. https://www.ibef.org/blogs/http:/apeda.gov.in/apedawebsite Fri, 30 Nov 2018 00:00:00 +0530 West Bengal https://www.ibef.org/blogs/west-bengal Fri, 10 Sep 2021 00:00:00 +0530 UP https://www.ibef.org/blogs/uttar-pradesh Fri, 10 Sep 2021 00:00:00 +0530 UK https://www.ibef.org/blogs/uttarakhand Fri, 10 Sep 2021 00:00:00 +0530 Karnataka https://www.ibef.org/blogs/karnataka Fri, 10 Sep 2021 00:00:00 +0530 Jharkhand https://www.ibef.org/blogs/jharkhand Fri, 10 Sep 2021 00:00:00 +0530 https://www.ibef.org/blogs/sectoral-report Sat, 14 Apr 2018 00:00:00 +0530