As per news reports, On December 20, 2024, the Government of India and the Asian Development Bank (ADB) signed a $500 million loan agreement to bolster green and sustainable infrastructure projects. The loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited (IIFCL) to support projects aligned with India’s climate …
India’s FMCG market has always been fiercely competitive, with brands constantly vying for consumer attention. In 2024, this competition brought out some remarkable winners. Based on consumer reach points (CRPs), Kantar’s latest report showcases the top FMCG brands that dominated the Indian market. Let’s look at the top 10 brands and what makes them stand …
South Korea’s bakery industry is enjoying its moment in the spotlight, thanks to the rising global popularity of Korean culture and cuisine. In the first eleven months of 2024, the country’s bakery product exports soared to a record $440 million, marking an impressive 8.3% growth compared to the same period last year. This remarkable feat …
India is witnessing an unprecedented economic boom, offering fertile ground for savvy investors to reap substantial returns. With the right approach, you can position yourself at the forefront of this growth story. Curious which sectors are leading the charge? Here’s the breakdown: 1. Information Technology (IT): The Digital Dynamo India’s IT sector continues to thrive, …
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, convened on Saturday, December 21, 2024, and made several key decisions. The Council decided to impose an 18% GST on the margin value from the sale of used electric vehicles (EVs) by businesses. Additionally, it clarified that caramel popcorn will continue to …
India’s foreign exchange reserves have dropped $1.98 billion, reaching a six-month low of $652.87 billion as of December 13, 2024. The reserves had touched a record high in the week ending September 27, when they reached $705 billion. Reserves Declined Last Week For the previous week, reserves dropped by $3.24 billion, bringing them down from …
In a significant shift in the global energy market, oil prices have dropped below $70 per barrel, raising concerns over slower demand growth, especially in China, the world’s largest importer of crude oil. As of Friday, the price of Brent crude futures fell by 39 cents, settling at $68.99 per barrel. Similarly, US West Texas …
India has solidified its position as the largest recipient of remittances globally in 2024, with an estimated inflow of $129 billion, surpassing nations like Mexico, China, the Philippines, and Pakistan. This milestone, as reported by World Bank economists, underscores the country’s strong economic ties with its diaspora and the critical role of remittances in the …
Heavy industries play a crucial role in the economic development of a nation, and India is no exception. These industries are not only vital for generating employment but also serve as the backbone for the country’s industrial and infrastructural growth. They encompass a wide range of sectors including automotive manufacturing, energy, aerospace, defence, and more. …
India faces a significant shortfall in certain types of coal, particularly coking coal and high-grade thermal coal in spite of owning the 5-largest coal reserves globally. These specific coal types are not sufficiently available from domestic sources, creating a gap in supply. Decline in Coal Imports (FY 2024-25) During the April-October period of FY 2024-25, …
