India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi [India], June 28 (ANI): India will continue to grow robustly, even among major industrialised G7 countries, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report on 'Population, Productivity, Partnership: Rethinking G7-India Collaboration'. The PHDCCI report added that with an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. IMF's 2025 projections indicate that India will maintain a growth trajectory above 6 per cent (average) through 2029, supported by robust domestic demand, sound macroeconomic fundamentals, and its demographic dividend, the report said. 'India's consistent real GDP growth makes it the key growth driver for the world economy. The transformative reforms, including GST, the Insolvency and Bankruptcy Act, the Production Linked Incentive Scheme, growing digital infrastructure (Aadhaar and UPI) and Make in India, among others, are strengthening India's ascendancy in the World', said Hemant Jain, President, PHDCCI. The objective of the report was to assess India's growth and trade dynamics among G7 economies. In terms of purchasing-power-parity (PPP) terms, India's share in global GDP has surged from 7.0% in 2020 to 8.3 per cent in 2024, and is anticipated to exceed 9 per cent by 2029, he said. A crucial underlying factor is the demographic divergence between India and the G7, said Jain. India's working-age population (15-64 years) is projected to increase in the coming years, with over 68 per cent of its population currently between 15-64 years. This demographic dividend supports labour supply expansion, boosts domestic consumption, and enhances the innovation ecosystem through a vibrant startup culture and rising tertiary education enrolment, said Jain. Further, India's share of the total population ages 65 and above constitutes less than 5 per cent (2025). Conversely, G7 nations are confronting demographic headwinds as their share is more than 10 per cent, highlighting rapidly ageing populations, shrinking labour pools, and rising old-age dependency ratios, said Jain. By 2030, this share is expected to double or more than double for the G7 economies. 'This is likely to slow potential output, reduce consumer demand, and increase fiscal burdens related to pensions and healthcare, said Jain. Notably, India's merchandise trade with G7 countries has surged by 61 per cent, rising from USD 154 billion in FY 2020-21 to USD 248 billion in FY 2024-25, maintaining a steady trade surplus. 'This reflects India's growing export competitiveness, indicated by the commodity net export price index, bolstering its external sector resilience, Jain added. The industry body said in the report that key global initiatives led by India--the International Solar Alliance, Mission LiFE, and the Global Biofuels Alliance--are shaping a greener, more inclusive world. In the technology and digital governance space, India highlighted its commitment to a human-centric and ethical approach to AI, showcasing initiatives like BHASHINI and Digital Public Infrastructure (DPI) as global models. The report added that a strategic collaboration in areas including clean and renewable energy, climate finance, Digital Public Infrastructure, Trade & Supply Chain Resilience, Maritime & Indo-Pacific Security and Healthcare & Pharma will drive a mutually beneficial growth trajectory. (ANI)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
New Delhi, Nov 26: A day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. 1. What is PAN 2.0? PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this pr ...Read More >
However, the NCLT did not pass the approval order on Thursday and deferred the decision, scheduling the next hearing for 6 December. It is expected that the tribunal will pass the liquidation order and may approve the CoC's proposed liquidator at that time. Venkatasubramanian is a Chartered Accountant and is registered as an Insolvency Professional with the Insolvency & Bankruptcy Board of India. He is a partner at Ernst & Young Restructuring, specializing in crisis stabilization, liquidity management, and the restructuring and turnaround of distressed companies. He is an expert in sectors su ...Read More >
Berhampur (Odisha), Jun 6 (PTI) Environmental activist Medha Patkar on Saturday appealed to the people of Odisha for protection of Rushikulya river. The government planned to construct a dam in the river Pipalapnaka under Sorada block in the district. While participating in the Save Rushikulya river movement in Ganjam district, she said, "Rivers may be small or big, but they are our mother. We have to protect the rivers from attacks." She attended a meeting were organised by the Rushikulya Banchao Kriyaanusthan Committee (RBKC) and the Centre for Climate Justice, spearheading the agitation a ...Read More >
India's foreign direct investment (FDI) reached $81.04 billion in FY 2024-25, marking a 14% growth over the previous year, as investors lauded the country's liberalized policy regime and proactive economic reforms at an Investor Roundtable held in New Delhi. The event, hosted on June 5 at Vanijya Bhawan, brought together over 90 representatives from industrial parks, multinational firms, and business associations, with more than 50 industrial parks from states including Rajasthan, Maharashtra, Delhi, Gujarat, Uttar Pradesh, Karnataka, and Tamil Nadu participating in discussions. Union Minist ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
NEW DELHI: Recognizing the potential and challenges of AI, the Government of India constituted an advisory group, chaired by Principal Scientific Advisor Prof. Ajay Kumar Sood, to undertake the development of an 'AI for India-Specific Regulatory Framework'. Under the guidance of the Advisory Group, a sub-committee on 'AI Governance and Guidelines Development' will provide actionable recommendations for AI governance in India. The sub-committee's report on AI Governance, now published for public consultation, aims to guide the development of a trustworthy and accountable AI ecosystem in India. ...Read More >
New Delhi [India], June 5 (ANI): External Affairs Minister S Jaishankar, in the presence of leaders of Central Asian countries, touched upon various business opportunities and complementarities between these respective economies on Thursday. Jaishankar suggested a few areas where India and Central Asian countries should collaborate to improve their economies. Jaishankar noted that India's trade and economic ties with Central Asia have actually shown a very strong positive trend over the last decade. However, he has also said that the trade figures do not reflect the full potential. Given th ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
New Delhi: India is set to overtake Japan to become the world's fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEF's former MD Claude Smadja said. According to IMF data dated April 2025, India's GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japan's GDP per capita of USD 33,955.7, meaning Japan's per capita income is about 11.8 times higher than India's. "Yes, it (economy size) is a good indicator because it gives a notion of the economic weight of the country on the global balance. "No, it is not a go ...Read More >
day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this project, ITD is consolidating all processes ...Read More >
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and potentially lower interest rates further bolster the outlook. The Indian property sector has been a ...Read More >
New Delhi: Shipments in the Indian smartphone market grew 1-5% to about 153 million to 156 million units in 2024, with Chinese brands Vivo and Xiaomi taking the top two slots, pushing Korea's Samsung to third, according to market trackers Counterpoint Research and Canalys. Counterpoint estimates the Indian smartphone market to have grown 9% by value in 2024 to a record high, led by Apple, as more consumers purchased expensive smartphones with 5G and artificial intelligence-enabled capabilities. "2024 began on a positive note, with early growth, steady inventory levels and a favourable market ...Read More >
Haridwar: A woman politician has been arrested for allegedly letting her boyfriend and others repeatedly rape her 13-year-old daughter in Haridwar, Uttarakhand. The horrifying crime, which occurred between January and March, was exposed when the minor bravely confided in her father, prompting a police investigation that led to the arrest of the accused. The accused was arrested with her boyfriend and one more. According to police reports, the minor was gang-raped multiple times, often in the presence of her mother. The minor, who had been living with her father following her parents' separat ...Read More >
New Delhi, Jun 6 (PTI) PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to June 30, 2025. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and rece ...Read More >
New Delhi, June 5 (SocialNews.XYZ) Aadhaar number holders executed over 211 crore authentication transactions in May this year taking the cumulative number of such transactions to more than 15,223 crore since inception, according to a statement issued by the Ministry of Electronics & IT on Thursday. The May authentication transactions are more than the previous month, as well as of May 2024 when 201.76 Cr such transactions were carried out. The growing number shows, how Aadhaar-based authentication has been playing a facilitating role in effective welfare delivery, and voluntarily availing v ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
India is also undergoing a content revolution. In the past five years, short-form video platforms have witnessed a 3.6X surge in daily active users, positioning themselves as serious competitors to mainstream digital entertainment platforms. India's online commerce sector is set to skyrocket from $30 billion in 2020 to $300 billion by 2030, contributing to what is now being dubbed a $1 trillion digital consumer opportunity, according to a new report by Bessemer Venture Partners titled Click, Wat ...Read More >
Pune: The Pune Cyber police on Wednesday arrested Abhishek Shukla (42), an Australia-based Indian Overseas Citizen (IOC) card holder, at Mumbai international airport for allegedly duping a 40-year-old divorcee and software firm employee from Kharadi of Rs 3.6 crore in a matrimonial fraud in 2023-24. According to the police, the two came in contact with each other after the woman, a mother of two hailing from Delhi, uploaded her profile on a matrimonial website in 2023. She lodged a complaint with the police last Nov."Our team arrested Shukla from the Mumbai international airport early Wednesda ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
News 2 min read Indian IT industry to see 30-35 pc high demand for niche tech roles in 2025 The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, according to a new report. New Delhi, The Indian IT industry is projected to see 30-35 per cent increased demand for highly-specialised tech roles in 2025, along with increased spending on upskilling in the coming years, acco ...Read More >
Mumbai, Dec 18 (PTI) Jobs and talent platform and a Quess company, foundit, on Wednesday announced the appointment of V Suresh as its Chief Executive Officer. With over two decades of experience in the internet domain, digital transformation, and the e-recruitment ecosystem, Suresh brings a wealth of strategic expertise and a forward-looking vision to foundit (formerly Monster APAC and ME), the company said in a statement. "Suresh's deep understanding of the digital talent ecosystem and proven ability to scale businesses will help us strengthen our leadership position in the market. Under hi ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
The victim, who originally hails from Delhi and is currently residing in the Kharadi, had created a profile on the matrimony site seeking a prospective bridegroom. In 2023, she received a message claiming to be Dr Rohit Oberoi, an Australian citizen of Indian origin. Over time, the duo developed a close relationship. The accused visited her in Pune and other cities in India, further gaining her trust. The victim had previously received ₹5 crore as alimony after a divorce and was planning to st ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeratio ...Read More >
Gurgaon: A chemist and a lab operator have been arrested for allegedly selling medical termination of pregnancy (MTP) kits illegally. Two separate FIRs were lodged against the accused at Sector 10 and Sector 9A police stations, police said on Friday.The pharmacy was sealed and medical officials have initiated proceedings to cancel its licence. District drugs control officer Suresh Verma said the department received information about illegal sales of MTP kits - also called abortion kits - from Juneja Chemist, located near Civil Hospital. A pregnant woman, who was deployed as a decoy customer, v ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about tourism infrastructure, G20 Summit, and projects like the six-lane roads, bridges, solar initiatives, our ...Read More >
Chennai, Dec 3 (PTI) Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Sing ...Read More >
PNN Hyderabad (Telangana) [India], December 6: We are thrilled to announce that ABSYZ Software Consulting, a Youngsoft company, and a trusted Salesforce partner since 2014, has been elevated to Salesforce Summit Partner status, the highest recognition within the Salesforce consulting ecosystem. This milestone highlights ABSYZ's unwavering commitment to excellence, innovation focused on customer needs, and delivering transformative results for clients through its global Salesforce implementations. As one of the elite 5% of Salesforce consulting partners worldwide, this achievement reflects ou ...Read More >
New Delhi, Jun 5 (PTI) India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission. In an interview to PTI, Kwon said that India - which has the second largest number of ChatGPT users - is among the most important countries for OpenAI in terms of engagement. India has always had the "ingredients to succeed", he noted. OpenAI, he pointed out, is eyeing partnerships that will help build the future of AI infra ...Read More >