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India News Alert
India Brand Equity Foundation 23rd August 2023
India News Alert
India News Alert India News Alert According to a recent GlobalData report, card payments in India are expected to reach the Rs. 27.9 trillion (US$ 340 billion) mark in 2023, growing 28.6% year-over-year.
India's GDP growth likely at 8.5% in the first quarter: ICRA

In a report published, ICRA Ratings predicted that India's economic growth will pick up speed in the April-June quarter of the current fiscal year, rising from 6.1% growth during the January-March quarter to 8.5%.

India News Alert
 
Mr. Nitin Gadkari launched Bharat NCAP (New Car Assessment Programme)

The Bharat New Car Assessment Programme (Bharat NCAP), which aims to improve road safety by raising vehicle safety requirements for up to 3.5-tonne vehicles in India, was launched in New Delhi by Union Minister of Road Transport and Highways Mr. Nitin Gadkari.

India News Alert
 
Fintech loan disbursement rose by 21% YoY in FY23: FACE-Equifax Report

Fintech companies disbursed loans totalling Rs. 92,267 crore (US$ 11.20 billion) in FY23, demonstrating a 21% year-over-year (YoY) rise over FY22, according to the FACE-Equifax Fintech Lending Trends Report.

India News Alert
 
According to CRISIL Ratings, the footwear sector will see an 11% revenue growth and a 4% rise in volume

According to CRISIL Ratings, the Indian footwear industry's revenue is expected to grow by 11% this fiscal year due to increased realisations and an increase in volume of 4%.

India News Alert
 
OnSolve, a US-based company, opens a new technology unit in Bengaluru

A new technology centre has been launched by US-based firm “OnSolve” which is centred in Bengaluru.

India News Alert
 
India News Alert Join in Conversations on India. Visit the India Adda Blog.
This service is brought to you by India Brand Equity Foundation (IBEF). IBEF is a Trust established by the Ministry of Commerce and Industry. IBEF's primary objective is to promote and create international awareness of the Made in India label in markets overseas and to facilitate the dissemination of knowledge of Indian products and services. Towards this objective, IBEF works closely with stakeholders across government and industry. For more information and resources on India, please visit www.ibef.org.
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