Recent projections indicate that the GenAI market is expected to double every other year for the next 10 years and ultimately exceed USD 200 billion by 2032 Nasscom estimates India’s artificial intelligence market to touch USD 17 billion by 2027, growing at an annualised rate of 25 -35 per cent between 2024 and 2027 Generative […]
Are you looking at switching to an environmentally friendly car and moving away from the vagaries of constantly changing global fuel prices? Electric Vehicles (EVs) are the obvious solutions and carmakers are constantly launching models to woo customers to make that transition. A surge in lithium-ion mining and reduced prices of precious minerals are just […]
In the financial year ending March 31, the net services receipts jumped 16 per cent year-on-year (YoY) to USD 45 billion which was higher that USD 38.7 billion reported a year ago The booming services sector helped in narrowing country’s current account deficit (CAD) in the October-December quarter. This shows the importance of the […]
In a strategic shift, India is turning a new leaf by promoting the domestic defence industry to meet not only its own requirements but also to its aspiration of export. The defence production and its export numbers point to the new found zeal India’s defence sector is witnessing a metamorphosis like never before with a strong […]
Export diversification has been key to India’s remarkable performance post-1991 economic reforms, having grown faster than the rate of growth of world exports despite strong headwinds. Electronic goods, drugs and pharmaceuticals, and iron ore have emerged as standout sectors with the country’s export basket witnessing a shift from labour intensive to such capital-and skill-intensive products, […]
From China, the biggest shock has come in the form of the property market’s collapse, led by its largest real estate player Evergrande. The real estate sector is a big taker of metals, and with its collapse the shine in metals is bound to go As the saying goes, when an elephant falls, the earth […]
India’s energy market is amongst the sunrise sectors of the economy and has been a point of attention for global investors and players. The India Energy Week 2024, a global event converges policymakers, industry leaders amongst other thought-leaders to drive discussions on energy security, sustainability, and innovation. The second edition, taking place in Goa, under […]
During the first fortnight of January 2024 the gap between credit and deposit growth stood at 7.09 per cent. The gap has increased versus the number it was as on the last fortnight of September 2023 Notwithstanding a growing loan book, improving net interest income and margins, and superior asset quality, domestic banks are facing […]
The interim budget to be presented on February 1 will likely set the direction and give a clear message about the Narendra Modi government’s pro-poor policies with fiscal prudence to make India a developed nation. However, the government is under no pressure at this juncture to announce any big-bang sops. More so, after the ruling […]
Much to the sector’s disappointment, ambiguities over US Fed’s rate cut timing have been a spoiler. But light appears at the end of the tunnel The US Federal Reserve’s timing of interest rate cuts back and forth has been a big spoiler for businesses across the globe, and more so for the Indian IT industry. […]