Economy News

Sitharaman Announces Three New Railway Economic Corridors

Indian women leading 18pc of 111 unicorns in India: FM

Indian women are rising the corporate ladder as they are leading about 18 per cent of 111 unicorns (valued at $1 billion) in the startup and financial technology space.

Sep 5, 2024

Centre to create Aadhaar-like digital IDs for 11 crore farmers by FY27

In a bid to empower the farmers' community, the government is targeting to create digital identities for 11 crore farmers over the three fiscals which will be similar to Aadhaar card.

Sep 5, 2024

Indian startup ecosystem witnesses 13 large funding rounds in 2024

The Indian startup ecosystem witnessed a surge in large funding rounds (over $100 million) in 2024, as startups' focus has shifted to profitability along with growth.

Sep 5, 2024

Sensex down by 202 points, Nifty drops below 25,200

Indian equity indices closed in the red on Wednesday due to negative global sentiments.

Sep 4, 2024

Govt to clear FAME 3 scheme for faster EV adoption in 1-2 months: Minister

he Centre to clear the third Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme to promote electric vehicle (EV) adoption.

Sep 4, 2024

43 pc of WazirX customers to lose their money, demand grows for scrutiny

Bowen said that the government received bids for 19 GW in total storage capacity, and the winning projects' total storage capacity will exceed what was initially planned.

Sep 4, 2024

Centre plans 74 new tunnels worth Rs 1 lakh crore to bolster highway network

In a move to bolster the highway network across the country, the government is planning to build 74 new tunnels at a projected expense of Rs 1 lakh crore over the next few years.

Sep 4, 2024

India's fintech startups grow fivefold in last three years

India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024.

Sep 4, 2024

Rs 750 crore 'AgriSURE Fund' to empower startups, boost rural economy

In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the 'AgriSURE Fund' with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy.

Sep 4, 2024

Improvement in employment rates and record foreign exchange reserves have further strengthened India's economic position

India's economic outlook positive, growth set to continue: World Bank Report

India's economy is showing robust growth with a projected rate of 8.2% in FY23/FY24, according to the World Bank. The World Bank suggests India can boost growth by diversifying its export basket and integrating more into global value chains.

Sep 3, 2024

Women plant rice saplings in a paddy field at Bamuni village

Favourable monsoon boosts paddy sowing beyond normal levels this year

Better monsoon this year has helped paddy sowing surpass the average area of the last five years. The paddy cultivation reached 408.72 lakh hectares (as of September 2), exceeding the average of 401.55 lakh hectares.

Sep 3, 2024

Centre urges state govts to include marginalised workers under PM housing scheme

The Centre on Tuesday requested state governments to extend the benefits of the Pradhan Mantri Awas Yojana (PMAY) to disadvantaged workers, to ensure social justice and enhance ease of living.

Sep 3, 2024

India's manufacturing growth eases in August, stays above long-run average

India's Manufacturing Sector Maintains Resilience Amid Slowdown

India's manufacturing sector growth has slowed, but remains above the long-run average, according to HSBC India's PMI data. The sector's resilience and strategic planning are crucial to India's $10-trillion ambition, with focus areas including semiconductors, electronics, electric vehicles, renewable energy, and defence.

Sep 2, 2024

UPI Transactions Skyrocket, India Leads in Digital Payments

India's digital economy has witnessed a significant milestone with the National Payments Corporation of India (NPCI) reporting a record-breaking surge in Unified Payments Interface (UPI) transactions in August. The data revealed a 41% year-on-year growth, with UPI transactions reaching an all-time high of 14.96 billion.

Sep 1, 2024

At least 2.2 crore women among 10 crore NSE investors

Women Investors Surge in India's Stock Market; There Are Over 2.2 Crore Now

The National Stock Exchange (NSE) has reported that out of its 10 crore registered investors, at least 2.2 crore are women. This data, revealed by Tirthankar Patnaik, the chief economist at the NSE, indicates that approximately 22% of the total investors on the NSE are female.

Sep 1, 2024