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Prime Minister Narendra Modi has celebrated India’s strong economic performance, highlighting the country’s projected top ranking among the fastest-growing major economies in 2024. According to the July 2024 World Economic Outlook update from the International Monetary Fund (IMF), India’s real GDP is expected to grow by 7%
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The Cabinet has approved the BioE3 Policy, focusing on biotechnology for economic growth, environmental sustainability, and job creation. Key features include support for R&D and entrepreneurship in biotechnology, establishment of Biomanufacturing and Bio-AI hubs, promotion of regenerative bioeconomy and green growth, and expansion of skilled workforce opportunities. The
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India and US have reaffirmed their commitment to deepening cooperation in science, technology, and clean energy. Highlights include an Indian astronaut joining the International Space Station, efforts to secure global supply chains in critical sectors like semiconductors, pharmaceuticals, and clean energy technologies, and a focus on India's Green
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Minister of Commerce and Industry, Piyush Goyal, said India is set to add $30 trillion to its economy in the next 30 years - giving India “a position of strength” while negotiating agreements with other nations. According to Goyal, India has negotiated “a legally binding commitment” with the European Free
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India has emerged as the third-largest packaging market globally, overtaking Japan, with the industry surpassing $86 billion. According to Prasad Balan Iyer, Director of the South Indian Education Society (SIES) School of Packaging, the global packaging market, valued at over $1 trillion, is driven by sectors such as e-commerce, pharma,
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Highlights include India's quest for a permanent seat in the UN Security Council, growing international presence, trade across borders and formation of standing committees.
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The government's disinvestment plan for FY 2024-25, reportedly for $59.8 million, has a special focus on the banking sector. IDBI Bank, formerly a public-owned bank, is a significant test case for the New Public Sector Enterprises Policy, which aims to boost the private sector's capacity
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Highlights include PM Modi’s meetings on semiconductor projects and strengthened ties with Mauritius and Uzbekistan. Delhi unveils a 21-point pollution control plan, while India’s packaging market rises to the third-largest globally.
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