On September 25, 2024, the Asian Development Bank (ADB) announced that India’s growth is expected to pick up starting in the July-September quarter, driven by better agricultural performance and higher government spending. ADB has kept its GDP growth forecast for the 2024-25 financial year (FY25) at 7%. At the same time, the Organisation for Economic …
The Indian government is poised to invest a substantial ₹9.15 lakh crore in bolstering its central and state transmission systems by 2032, as outlined in the revised National Electricity Plan (NEP). This significant investment is part of a broader strategy to meet the nation’s growing energy demands and facilitate the integration of renewable energy sources. …
As India marks the 10th anniversary of the “Make in India” initiative, its transformative impact on the country’s renewable energy sector is undeniable. The government’s concerted efforts have spurred significant investments, fostered innovation, and built world-class infrastructure, positioning India as a global hub for renewable energy manufacturing. Key Achievements Domestic Manufacturing Surge: The initiative has …
India is the world’s 2nd -largest user of coal, thanks to its quickly expanding economy. It has the 5th-largest coal reserves. However, the current consumption landscape highlights a significant reliance on imports, especially for coking coal and high-grade thermal coal, which are sufficiently available domestically. This dependency is crucial for supporting key industries, notably steel …
The Indian electric scooter market has seen remarkable growth in recent years, driven by rising fuel prices, increasing environmental awareness, and government initiatives to promote electric mobility. The Indian EV market is expected to expand from US$3.21 billion in 2022 to US$113.99 billion by 2029, with a 66.52% CAGR. The country is on the path …
India’s energy demand is likely to grow more rapidly than any other country over the coming decades due to its large population and potential for development. To meet this rising demand, relying on low-carbon, renewable energy sources is crucial. The country has committed significantly to achieving net zero carbon emissions by 2070. It plans to …
The automobile industry is a cornerstone of global economic growth, technological innovation, and cultural evolution. In India, this sector serves as a key barometer of economic health, significantly impacting macroeconomic expansion and technological progress. In this article, learn about the Indian automobile sector growth, along with the SWOT analysis and the stocks involved. Automobile Sector …
India’s monthly oil imports from Russia dropped by 18.3% in August, averaging around 1.7 million barrels per day (bpd), due to reduced crude processing by some refiners, according to tanker data from trade sources. In contrast, China increased its purchases of Russian oil, reclaiming its position as Moscow’s top client after India briefly held that …
The Ministry of Coal has achieved a significant milestone in coal production for the fiscal year 2024-25. As of September 12th, the country’s coal output reached a provisional figure of 411.62 million tonnes (MT), surpassing the previous year’s production of 388.86 MT by a notable 5.85%. This growth is particularly commendable given the adverse climatic …
The Indian aviation sector is soaring to new heights with ambitious expansion plans and a robust growth trajectory. Highlighted in the recent 2024 Budget, the government’s initiatives to expand the airport infrastructure and introduce new routes reflect an ever evolving industry. As domestic and international passenger numbers continue to skyrocket, this sector is set to …
