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economy

India's Vision 2047: On Track to Developed Nation Status

India, the world's fastest-growing economy, is on a trajectory to become a developed nation by 2047. This ambitious goal, set to coincide with the 100th anniversary of India's independence, is not just a dream but a vision that the Indian government and its people are committed to realizing. Jul 5, 2024
Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

Sensex closes above 80,000 for first time, Nifty at 24,302

Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as the day progressed. Jul 4, 2024
BUTAN

India and Bhutan hail growth in trade and economic partnership

Eminent Indian business leaders from various sectors, including infrastructure, financial services, education, hospitality, healthcare, and technology, concluded their three-day visit to Thimpu on Thursday after having engaging conversations on expanding trade and economic ties between India and Bhutan. Jul 4, 2024
Start-up

Mega boost to Indian startup ecosystem; $7bn in H1 2024, domestic funding, demand set to drive growth

Indian startups received nearly $7 billion in funding in the first half of 2024, indicating potential for growth. This growth is driven by domestic funding and demand, similar to the success seen in Silicon Valley and China. The Indian FMCG sector's growth, driven by rural demand and government initiatives, serves as an example of the potential for domestic demand to drive growth in the startup sector. Jul 4, 2024
Users will be able to make UPI payments to UAE merchants now

UPI Payments now available in UAE; Dubai-bound travelers to benefit

In a significant move towards globalizing digital payments, the Indian Government has announced that Unified Payments Interface (UPI) will now be available in the United Arab Emirates (UAE). This development comes as part of the government's ongoing efforts to promote UPI as a fast and efficient digital payment method worldwide. Jul 4, 2024
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