Indian Economy Growth Rate, GDP & Economic Structure Insights
WEBJul 5, 2024 · According to the McKinsey Global Institute, India needs to boost its rate of employment growth and create 90 million non-farm jobs between 2023 to 2030 in order to increase productivity and economic growth. The net employment rate needs to grow by 1.5% per annum from 2023 to 2030 to achieve 8 …
Pradhan Mantri Fasal Bima Yojana - PMFBY Scheme - IBEF
WEBLaunched in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is a large-scale crop subsidy insurance scheme that was aimed to safeguard farmers. This flagship scheme was designed in line with the One Nation–One Scheme and replaces three older initiatives—Modified National Agricultural Insurance Scheme (MNAIS), Weather-based …
Foreign Direct Investment (FDI) in India, FDI Inflows | IBEF
WEBIn June 2024, India saw a rise in outward foreign direct investment (FDI) commitments to US$ 2.14 billion compared to US$ 1.14 billion in June 2023. However, these commitments decreased from US$ 2.22 billion in May 2024 according to data from the Reserve Bank of India (RBI). Over the period of April-June 2024, the total outward FDI amounted to ...
Indian Agriculture Sector, Farming in India | IBEF
WEBFoodgrain production in India touched 330.5 million metric tonnes (MT) in 2022-23 (3rd Advance Estimate). India is the world’s 2nd largest producer of food grains, fruits and vegetables and the 2nd largest exporter of sugar. A total of 521.27 LMT rice has been anticipated for procurement for the upcoming KMS 2023-24, up from 496 LMT produced ...
India's Electronics Manufacturing and Export Market - IBEF
WEBA US$ 1 trillion digital economy target is projected to boost demand for electronics, which may stand at around US$ 180 billion by 2025-26. If India can accomplish the manufacturing goal of US$ 300 billion for electronics, the local market requirement may be fully met by such manufacturing.
Agriculture 4.0: Future of Indian Agriculture | IBEF
WEBMar 23, 2023 · During 2021-22, the country recorded US$ 50.2 billion in total agriculture exports with a 20% increase from US$ 41.3 billion in 2020-21. It is projected that the Indian agriculture sector will grow by 3.5% in FY23. With the use of conventional farming methods, there’s comparatively less improvement in efficiency and agricultural yields which ...
Indian Pharmacy: Pharma Companies in India | IBEF
WEBAccording to the government data, the Indian pharmaceutical industry is worth approximately US$ 50 billion with over US$ 25 billion of the value coming from exports. About 20% of the global exports in generic drugs are met by India. Indian hospital market valued at US$ 98.98 billion in FY23 and projected …
Top Chemicals Exporters | Chemical Industry Exports from India
WEBFrom April-May 2024, the export of agrochemicals was US$ 661.18 million, dyes were US$ 379.61 million and the other dye intermediates were US$ 27.87 million. Indian colourants industry has emerged as a key player with a global market share of ~15%. The country’s chemicals industry is de-licensed, except for a few hazardous chemicals.
Indian Textiles and Apparel Industry Analysis - IBEF
WEBThe textiles and apparel industry contributes 2.3% to the country’s GDP, 13% to industrial production and 12% to exports. The textile industry in India is predicted to double its contribution to the GDP, rising from 2.3% to approximately 5% by the end of this decade. India has a 4.6% share of the global trade in textiles and apparel.
DIGITAL PAYMENTS AND THEIR IMPACT ON THE INDIAN …
WEBDIGITAL 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 ...