Indian Economy News

July 03, 2024

Indian fast fashion industry poised to reach over US$ 50 bn by FY31: Redseer

The Indian fast fashion industry is projected to multiply into a massive US$ 50 billion market by FY31, indicating a promising future, mainly driven by robust demand and increasing consumer inclination towards affordable and trendy clothing options.

Commerce ministry developing platform for registration, resolution of NTB's

The commerce ministry is creating a platform to register and address non-tariff barriers (NTBs) faced by exporters, especially for small items.

India in talks with African and Latin American countries for critical mineral blocks, says official

India pursues critical mineral blocks in Africa and Latin America via government-to-government deals, alongside discussions with Australia, aiming to expedite domestic acquisition processes.

Car sales stay on growth track in the first half despite poll, heatwave roadblocks

In June 2024, India's PV wholesale figures increased 3.7% YoY to 340,784 units, with first-half sales reaching 2.168 million units.

India's peak power demand may cross 400 GW mark by 2031-32, says Power Secretary

India's peak power demand, which hit 250 GW in May, is projected to surpass 400 GW by 2031-32, announced Power Secretary Mr. Pankaj Agarwal.

Indians up their game on foreign vacations with luxury hotels, formula 1 drives, and epic train rides

Indians are increasingly driving a surge in luxury travel abroad, alongside a rising demand for extravagant experiences across the Asia-Pacific region.

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