As worries of recession pick up across the world in an inflationary environment, analysts at Nomura have cut India‘s 2023 growth forecast to 4.7% from 5.4% earlier as it expects growth to slow down over the next year. “Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth slowdown… Continue reading Nomura slashes India 2023 GDP forecast to 4.7% as it expects a growth slowdown
Author: Economic Times of India Online News
The sectors that would matter in India’s race to be a manufacturing powerhouse
Buoyed by global sentiments, government schemes, cheap labour and a skilled workforce, India’s manufacturing exports grew 40% year-on-year in FY22 to hit a record $418 billion. India is expected to scale up its manufacturing exports to $1 trillion by FY28 and analysts have said that much of this growth will come from a select few… Continue reading The sectors that would matter in India’s race to be a manufacturing powerhouse
India’s inflation above tolerance for 6th consecutive month; here’s what analysts have to say
New Delhi: India’s retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, while staying above the central Reserve Bank of India‘s (RBI) tolerance limit for the sixth consecutive month. RBI predicts retail inflation to continue to remain high… Continue reading India’s inflation above tolerance for 6th consecutive month; here’s what analysts have to say
IISc researchers develop technology to generate green hydrogen from biomass, an abundant renewable energy source
A team of researchers at the Indian Institute of Science (IISc) in Bengaluru has developed a technology to produce hydrogen from biomass. India uses nearly 50 lakh tonnes of hydrogen for various processes in different sectors, and the hydrogen market is expected to grow substantially in the coming years, according to S Dasappa, Professor at… Continue reading IISc researchers develop technology to generate green hydrogen from biomass, an abundant renewable energy source
Renewable sector has potential to employ 10 lakh individuals by 2030: IREDA
New Delhi: The country’s renewable energy sector has potential to employ 10 lakh individuals by 2030, IREDA Chairman & Managing Director Pradip Kumar Das said on Tuesday. “India’s Renewable Energy (RE) sector could potentially employ around 10 lakh people by 2030, which would be ten times more than the existing workforce of an estimated 1.1… Continue reading Renewable sector has potential to employ 10 lakh individuals by 2030: IREDA
CHARGE+ZONE to introduce renewable energy charging network
New Delhi: CHARGE+ZONE, a technology-driven EV charging network company, on Tuesday said it plans to introduce renewable energy for its high-speed charging network for electric buses and commercial vehicles across India. According to the official press release, the company has deployed its first 200-kilowatt solar rooftop for Ashok Leyland’s electric buses in Patna, which is… Continue reading CHARGE+ZONE to introduce renewable energy charging network
Parameswaran Iyer takes charge as Niti Aayog CEO
Parameswaran Iyer, CEO, Niti Aayog NEW DELHI: Parameswaran Iyer, who had spearheaded the implementation of the flagship $20 billion Swachh Bharat Mission, on Monday took charge as the CEO of Niti Aayog. He replaced Amitabh Kant, who demitted office on June 30. A 1981-batch IAS officer of Uttar Pradesh cadre, Iyer has worked with both… Continue reading Parameswaran Iyer takes charge as Niti Aayog CEO
Transporters solely responsible for over-loading: Nitin Gadkari
“Why do you allow the movement of such overloaded trucks? I will continue to charge you. Without that there is no reform. There is no fear or honour towards the law,” he said. New Delhi: The greed of transporters is the prime cause of dangerously overloaded vehicles on Indian roads according to Transport Minister Nitin… Continue reading Transporters solely responsible for over-loading: Nitin Gadkari
Growth outlook for H1FY23 robust despite monetary policy tightening: CII poll
A recent poll conducted by the industry body Confederation of Indian Industry (CII) revealed that despite the sharp increase in inflation and heightened inflation, expectations and concerns around monetary policy tightening, the overall growth outlook for the first half of the current financial year looks robust. The industry body conducted the poll, which saw the… Continue reading Growth outlook for H1FY23 robust despite monetary policy tightening: CII poll
Ganesh Mani appointed President, Chief of Operations of Ashok Leyland
Ganesh Mani Chennai: Ashok Leyland, the Indian flagship of the Hinduja Group and India’s leading commercial vehicle manufacturer, today, announced the appointment of Ganesh Mani as President and Chief of Operations. He will head the entire Operations that include Manufacturing, Sourcing, and Supply Chain the company said in a release. Dheeraj G Hinduja, Executive Chairman,… Continue reading Ganesh Mani appointed President, Chief of Operations of Ashok Leyland