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
Unified Payments Interface (UPI)

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
Centre notifies new Telecommunications Act provisions, focuses on spectrum utilisation

India's Telecommunications Landscape Undergoes Major Shift

India's new Telecommunications Act, 2023, replaces old laws, addressing advancements in the telecom sector. The Act allows government control of telecom services in emergencies, raising concerns about potential misuse of power. Aug 31, 2024