By the year 2030, it is predicted that India will be the world’s third-largest economy, overtaking Japan perhaps in 2025, according to IMF projections. For S&P Global Ratings, India’s GDP is seen approaching USD 7.3 trillion whereas Japan’s projections will…
The Indian government has unveiled Usd 500 million worth of Med-Tech scheme during earlier this year in may in which the drug and pharmaceutical- Madetech Interventions facility is emphasizing scope switch from a 14 Billion to a 20 Billion. This…
After clearing out systematic national power shortage per order of Prime Minister Modi, India’s Ministry of Power announced a dominating ₹9.15 lakh crore National Electricity Plan (2023-2032) that will improve the power structure and energy security of the country. Bringing…
India stands to enhance its nominal GDP to over $7 trillion by the fiscal year 2030-31 from $3.6 trillion in fiscal 2023-24 which nearly positions the economy as the world’s third largest. The global GDP estimate will be increasing with…
India’s domestic steel consumption is anticipated to increase by 9-10% in FY2024-25 as stated in an ICRA report. Demand jumped 15% year on year in the first quarter of FY2025 on account of low priced imports, defying the anticipated seasonal…
Larsen & Toubro Ltd. (L&T) has disclosed that it plans to invest more than $300 million in a market-focused semiconductor industry with an expectation of designing the semiconductors very soon by the beginning of sales in the year 2027. This…
The Govt of India is plans to launch around 12 industrial parks nationwide, aiming to attract over ₹1.5 lakh crore in investments. This will boost manufacturing sector and create more jobs. The Cabinet, led by PM Narendra Modi, is expected…
A division of Wipro Infrastructure Engineering – Wipro Hydraulics has acquired Columbus Hydraulics (the US-based company). This will strengthen its presence in North America. The exact transaction value has not been disclosed. Columbus Hydraulics will become a Fully-owned subsidiary of…