Indian economy to grow at 7.2% in 2018, says UN report

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Indian economy to grow at 7.2% in 2018, says UN report

 The Indian economy will grow at 7.2% in 2018 and accelerate to 7.4% in the following year as a result of robust private consumption, public investment and structural reforms, but it still faces the risk of sudden capital withdrawal on account of monetary policy normalization in developed countries, a United Nations report said. Despite the […]

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India proposed $1 billion credit for connectivity with ASEAN: Nitin Gadkari

India has proposed USD 1 billion line of credit to promote sea, air and road connectivity projects with ASEAN, Union Minister Nitin Gadkari said today. Apart from this, India has set up a project development fund of USD 77 million to develop manufacturing hubs in Cambodia, Laos, Myanmar and Vietnam, he said. The ASEAN India […]

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Technology to help increase productivity in agri sector

Technology can help in improving productivity especially in agriculture sector in India. This was concluded in a session on Argo-Economy ICT at Global Partnership Summit being held in the capital from December 11-14. Vijay Sardana, Head Agri Business and Food security initiatives, UPL Group said it is a huge opportunity, but agriculture is a not […]

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Oilmeal export in Nov ’17 up by 93% due to jump in soybean meal export

The export of oilmeals during November 2017 was provisionally reported at 3,28,091 ton vis-a-vis 1,70,189 ton in November 2016 (i e a 93 per cent increase) due to the jump in export of soybean meal. This was stated by the Solvent Extractors’ Association (SEA) of India, which compiled the data for export of oilmeals for […]

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Harrisons brews a ‘new brand’ plan to export speciality teas

To leverage the growing export potential of speciality teas, Harrisons Malayalam Ltd (HML), a major tea producer in South India, is going in for a big branding exercise. “We have firmed up plans to build an umbrella brand — Harrisons Heritage — with a logo for speciality teas such as single estate tea, white tea, […]

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24 companies to invest Rs 60,000cr in JNPT SEZ: Nitin Gadkari

Union Shipping and Ports Minister Nitin Gadkari today said 24 companies have offered to invest over Rs 60,000 crore in a special economic zone adjoining the country’s largest container port JNPT. Twenty-four companies have already offered to come (and) set up (ventures) in JNPT SEZ who will use it for exports,Gadkari said, speaking at a […]

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India rejects move to include non-trade issues in WTO

India has opposed efforts by developed countries to include issues like human rights, labour standards, gender and environment in global trade negotiations. Calling these subjects non-trade issues, India opposed any rule making on them in the World Trade Organization (WTO). The issues came up at a meeting organised by the Inter Parliamentary union and European […]

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India’s GDP growth to rise to 7.5 pc in 2018: Morgan Stanley

The Indian economy is expected to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4 per cent this year to 7.5 per cent in 2018 and further to 7.7 per cent in 2019, says a report. According to global financial services major Morgan Stanley, corporate return expectations and balance sheet fundamentals […]

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India 2nd largest exporter of herbal meds after China

For the first time ever, luminaries from across the world met in Delhi to discuss the strengthening and scientific validation of traditional systems of medicine. The four-day event — International Arogya 2017 — is hosting 1,500 delegates from across 60 countries. India is the world’s second largest exporter of medicinal plants after China and both […]

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India’s food grain demand expected to reach 355 MT in ’30, says report

Food grain demand in India is expected to reach 355 million tonne (MT) in 2030 vis-a-vis 250 million tonnes in 2016 and the enhancement of farm mechanisation market will play a key role in meeting this demand. There were the findings of Grant Thornton India LLP and the Federation of Indian Chambers of Commerce and […]

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