Indian Economy Growth Rate, GDP & Economic Structure ... - IBEF
Oct 11, 2024 · The net employment rate needs to grow by 1.5% per annum from 2023 to 2030 to achieve 8-8.5% GDP growth between same time periods. India’s current account deficit (CAD) narrowed to 0.7% of GDP in FY24. The CAD stood at US$ 9.7 billion for the Q1 2024-25 from US$ 8.9 billion in Q1 2023-24 or 1.1% of GDP. This was largely due to decrease in ...
MSME Industry in India – Market Share, Reports, Growth - IBEF
The number of MSMEs in the country is expected to grow from 6.3 crore, to ~ 7.5 crore in the coming times, growing at a projected CAGR of 2.5%. As of March 2024, The number of MSMEs registered on the Udyam portal, including the Udyam Assist Platform (UAP), has reached 4,00,42,875. The MSME Ministry heads five statutory bodies—KVIC, Coir Board ...
Indian FMCG Industry Analysis - IBEF
The FMCG sector’s revenue reached Rs. 4.7 lakh crore (US$ 56.8 billion) as of December 2022. FMCG sales in the country grew 7-9% by revenues in 2022-23. The FMCG industry has grown by 10.9% in the quarter ending June 2022, versus 6% in the previous quarter. The sector had grown 8.5% in revenues and 2.5% in volumes last fiscal year.
Indian Ports Analysis Industry Analysis | IBEF
Ports Industry Report. Aug, 2024. In FY23, major ports in India handled 783.50 million tonnes of cargo traffic. In FY22, major ports in India handled 720.29 million tonnes of cargo traffic from 671.82 million tonnes of cargo handled during April-March 2020-21, implying a CAGR of 2.89% in FY16-22. From April-January 2024, all key ports in India ...
Economic Development Monthly Report: Analysis of Indian ... - IBEF
The real GDP growth rate for FY25 is projected at 7.2% compared to the estimated growth rate of 8.2% in FY24. For the second quarter of 2024-25, growth is estimated at 7.0% and is expected to reach 7.4% in the third quarter of 2024-25. These figures highlight the Indian economy's resilience, driven by strong domestic demand, despite rising ...
DIGITAL PAYMENTS AND THEIR IMPACT ON THE INDIAN …
DIGITAL PAYMENTS AND THEIR IMPACT ON THE INDIAN ECONOMY. India has a huge potential for digital payments. As of October 2021, the country had around 1.18 billion mobile connections, 700 million Internet users, and about 600 million smartphones. These numbers are growing rapidly each quarter. With about 25.5 billion real-time payment ...
Exploring India China Trade and Economic Relations | IBEF
As of 2022-23, China was India’s third-largest trading partner. Bilateral trade between India and China stood at US$ 136.26 billion in the year 2022 and US$ 125.62 billion in 2021 with a growth of 8%. In the year 2020, India became the 16th largest trade partner of China. In FY23, China had a 13.8% share in India's total imports.
Self-reliant India (Aatm Nirbhar Bharat Abhiyan) | IBEF
Key Factors. Government initiatives (between 2014 and 2020) to boost ‘Self-reliant India’ (Atmanirbhar Bharat Abhiyan) missionLand & Labour. To empower the country’s vulnerable society, the government launched schemes including Jan Dhan Accounts, Ayushman Bharat Yojana, Micro insurance schemes, DBT (Direct Benefit Transfer)-based reforms, PM Ujjwala Yojana, and PM Awas Yojana.
Sustainable Infrastructure in India: Paving the Way Forward
Sep 19, 2023 · More than half of India's urban infrastructure needs till 2030, including housing, electricity, transportation, water, and waste management, have yet to be developed. India must invest US$ 4.5 trillion in infrastructure to enhance economic growth and societal well-being. At COP26, India pledged to achieving net zero emissions by 2070.
Agriculture and Food Industry and Exports - IBEF
India’s agriculture sector primarily exports Agri & allied products, marine products, plantation, and textile & allied products. Agri & allied products exports were valued at US$ 37.3 billion, recording a growth of 17% over 2020-21. In 2022-23, rice exports from India were valued at US$ 11.14 billion, as against US$ 9.67 billion in 2021-22 ...