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India has secured sixth place globally in patent filings with 64,480 applications, as per the World Intellectual Property Indicators 2024 report. The patent office granted 149.4% more patents in 2023 compared to 2022. Industrial design applications rose by 36.4%, driven by sectors like textiles and accessories, tools
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India's solar photovoltaic (PV) product exports have surged to $2 billion, growing 23 times between 2022 and 2024, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. The United States accounted for over 97% of these exports during
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India’s External Affairs Minister, S. Jaishankar, expressed confidence that the India-Russia trade target of $100 billion will be reached before 2030, during the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation in New Delhi. He noted Russia’s role as a major supplier of fertilizers, crude
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Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
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The Andhra Pradesh government is building international collaborations to advance port-led infrastructure development, aiming to position itself as a leading maritime state by 2030 and achieve a $2 trillion economy by 2047. Infrastructure and Investment Secretary S. Suresh Kumar outlined this vision at the Economic Development Cooperation Fund conference hosted
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The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold
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Highlights include the prediction by opinion polls, India-Russia ties, the new Chief Justice of India and views from columnists on the legacy of the former Chief Justice.
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India’s share of US apparel imports rose from 4% in 2013 to 5.8% in 2023, supported by political stability and vertical integration in its textile industry, according to a report by the US International Trade Commission (USITC). India exported $4.6 billion in apparel to the US in
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