Investment

February 20, 2025 2:47 PM

India to transform into high-income country with GDP of $23–$35 trillion by 2047

India is set to transform into a high-income country with a projected GDP of $23–$35 trillion by 2047, driven by sustained annual growth of 8-10 percent, according to a report on Thursday. This will be powered by India’s demographic dividend, technological innovation, and sectoral transformation, according to the report by Bain & Company and Nasscom. With nearly 200 million individuals expected to enter the workforce in the coming decades, India has a unique opportunity to drive high-v...

December 19, 2024 4:38 PM

Auto PLI achieves ₹20,715 crore investment, ₹10,472 crore incremental sales: Centre

The Production Linked Incentive (PLI) scheme for the automobile and auto components industry, initiated in 2021, has achieved investments worth ₹20,715 crore and incremental sales of ₹10,472 crore by September, the Ministry of Heavy Industries said. Covering FY 2023-24 to FY 2027-28, the scheme targets advanced automotive technologies with incentives of 13-18% for EV and hydrogen fuel cell components and 8-13% for other technologies. The initiative expects ₹42,500 crore in investments and...

December 12, 2024 4:44 PM

India’s exports to cross USD 1 trillion in next 2.5 years: Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal on Thursday expressed optimism about India's economic growth, projecting that the country's exports will surpass USD 1 trillion within the next two to two-and-a-half years. Speaking at the India Economic Conclave hosted by Times Network, Goyal also highlighted that India's exports are set to exceed USD 800 billion this year, reflecting the nation's growing global trade footprint. Goyal emphasized the recognition India has garnered worldwide...

December 12, 2024 12:53 PM

India’s $2.2 trillion infrastructure drive to fuel $7 trillion economy by 2030, boosting private investment

An estimated $2.2 trillion investment in infrastructure development is crucial for India to expand its GDP to $7 trillion by 2030, according to a report released on Thursday. To achieve this ambitious economic size, India’s economy must grow at a compounded annual growth rate (CAGR) of 10.1% between 2024 and 2030, as highlighted in the report by Knight Frank India. The report estimates that the investment opportunity for private sector participation in India’s infrastructure development ra...

October 16, 2024 10:56 AM

India and Colombia agree to deepen ongoing engagement, exploring new avenues of cooperation

India and Colombia reviewed the existing bilateral relations including trade, investment, energy, IT, and identified new areas of cooperation, such as in defence, renewable energy and railways during the 10th round of Foreign Office Consultations (FOC) in New Delhi. Both sides also exchanged views on regional, multilateral, and international issues of mutual interest during the FOC on Tuesday, the Ministry of Externals Affairs (MEA) stated in a release. The Indian delegation was led by Jaideep ...

June 26, 2024 4:24 PM

Investors join forces to push for policy action on nature loss

A group of more than 200 investors on Wednesday backed a plan to start talks with 60 companies over biodiversity, focusing on those active in countries with ecosystems at risk of forest loss and land degradation. The Spring initiative comes ahead of global talks in Colombia in October that aim to accelerate efforts to protect and restore nature as part of a Global Biodiversity framework deal reached in 2022. Launched by the Principles for Responsible Investment, a U.N.-supported network, the S...

May 31, 2024 9:16 AM

Sharjah-India Business Forum highlights investment opportunities for Indian firms

Sharjah Chamber of Commerce and Industry (SCCI) hosted the "Sharjah-India Business Forum," urging Indian companies to capitalize on Sharjah's investment prospects and dynamic business climate. Held at SCCI's headquarters, the forum showcased Sharjah's advanced infrastructure and promising market, driven by economic diversification and investments in key sectors. The event followed a visit by India's PHD Chamber of Commerce and Industry delegation, comprising companies from strategic sectors li...

May 17, 2024 7:58 PM

UN boosts India’s 2024 growth forecast citing strong investment, consumption

The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast. United Nations, in its mid-year update, titled World Economic Situation and Prospects, reaffirmed that India is set to remain the fastest-growing major economy this fiscal. Separately, the IMF, in its latest outlook, raised India's growth projec...

May 8, 2024 4:38 PM

Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin

President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. The Microsoft facility in Racine County, in southeastern Wisconsin, will be built on the same land where Taiwan electronics manufacturer Foxconn had planned to build a $10 billion factory that former President Donald Trump once called "the eighth wonder of the world," ...

May 5, 2024 11:17 AM

Foreign portfolio investors return as buyers in Indian stock market

Foreign portfolio investors (FPIs) have resumed their role as net buyers in the Indian stock market in May, marking a turnaround from their selling spree in April. According to data from the National Securities Depository Limited (NSDL), FPIs purchased equities worth Rs 1,156 crore in India up to May 3. In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios. FPIs, who cont...