ECONOMIC POWERHOUSE
Mass entrepreneurship movement: How India's economy is getting reshaped
India's mass entrepreneurship movement, supported by cross-sector partnerships, aims to create 90 million non-farm jobs by 2030.
Get on the job of jobs
A thorough assessment of historical and current employment trends across sectors leads to a deeper dive into complexities of jobless growth. Mapping out the strengths and weaknesses of each sector is crucial for formulating strategies to enhance job-creating potential. In addition to understanding the employment-generation capacities of different sectors, India's low labour force participation rate (LFPR) poses a significant challenge.
Global Economic Summit 2024 to empower MSMEs through fintech solutions
India's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating the Digital Revolution.' The event features support from ONDC, DLAI, and Atal Incubation Centre - RMP, with notable speakers discussing evolving market trends and critical technologies.
Japan’s shocking population decline calls for urgent action, govt to take these actions, offer financial help
Birth rate and number of marriages have once again again Japan. This has prompted an urgent budgetary intervention by the government.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
Why does India have the first mover advantage in Web3 technology?
While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a positive step, creating a safer trading environment for all.
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Dubai launches long-term Dubai Gaming Visa for gamers,content creators & developers
Dubai has introduced a Dubai Gaming Visa as part of the Dubai Program for Gaming 2033, aiming to establish itself as a global gaming hub by attracting international talent, fostering local expertise, creating jobs, and promoting innovation in the gaming industry, offering long-term residency and career opportunities. Apply following eligibility criteria.
Shanghai lifts home-buying curbs to boost property sector
Shanghai eases property buying rules amidst a real estate crisis, reducing residency requirement to 3 years and minimum down payment to 20% for commercial housing mortgages.
China has threatened trade with some countries after feuds. They're calling 'the firm' for help
An eight-person team at the State Department, informally dubbed "the firm," leads U.S. efforts to help countries targeted by China's economic pressure. Originating from a 2021 conflict with China over Taiwan involving Lithuania, the group, led by senior adviser Melanie Hart, now aids over a dozen nations. They assess vulnerabilities and create responses for countries fearing loss of trade with China. The team's initiatives are part of a broader U.S. strategy to counteract China's global influence.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
Extreme heat lowers nations’ per capita income — but cities could thrive even in hotter conditions: Matthew E. Kahn
Matthew E. Kahn, Provost Professor of Economics at USC, discusses the impact of climate on economic growth and solutions offered by enterprise in an interview with Srijana Mitra Das.
Singapore slings into a Wong future
Lawrence Wong, Singapore's new prime minister, faces challenges from China-US decoupling, navigating inherited strengths and emerging issues. Managing the island nation's growth amidst geopolitical shifts and economic pressures requires strategic decisions and adaptation to maintain Singapore's competitive edge.
Chabahar brings to fore India's hidden infrastructural play
Modi government's infrastructure upgrade includes a vast network of roads, bridges, and high-speed trains. The transformation extends to invisible sectors like ports, with Chabahar Port key to India's geopolitical strategy. The International North-South Transport Corridor will boost trade with Europe and Russia, while ongoing port development supports Modi's vision of a manufacturing powerhouse.
PM Modi, Ambani, Adani reshaping India to become economic superpower: CNN report
India is poised to become a 21st-playing a fundamental role in shaping the economic superpower the country will become in the coming decades, according to a CNN report
Mumbai and Delhi feature among the World's Top 50 Wealthiest cities, surpassing Washington DC
Mumbai and Delhi have secured positions among the world's top 50 wealthiest cities, surpassing Washington DC in wealth concentration. This ranking, released by Henley and Partners, highlights the economic prowess of these Indian cities and their growing appeal to high-net-worth individuals (HNWIs).
Rs 7,000 cr of exports a year: How the small town of Bhadohi in UP became a global carpet powerhouse
Bhadohi, the carpet capital of India, boasts a rich history of carpet weaving dating back to the Iranian master weavers in the 16th century. The town's success lies in its blend of traditional craftsmanship and modern technologies, offering unique handmade carpets to global markets.
IFC investments in India to zoom to over $4 bn, focus on climate finance
The International Finance Corporation (IFC) plans to increase its investment in India to over $4 billion this financial year, with a focus on climate finance. India's renewable energy targets and plans for a net zero economy by 2070 align with IFC's investment priorities, particularly in areas like batteries and electric vehicles (EVs). IFC also emphasizes financial inclusion, digitalization, infrastructure, and public-private partnerships as crucial for India's growth. However, challenges such as geopolitical developments and high interest rates may impact economic predictions and investment decisions.
Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop
Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins.
Investing in Healthcare Index Funds or ETFs for Future Financial Security
"A number of factors confluence to make India a pharmaceutical powerhouse, some of them being the regulatory framework, lower production costs, and the skilled pool of manpower comprising scientists, researchers, engineers and professionals," said Chintan Haria.
India more than ready to take next step towards becoming science powerhouse: Nature
The prestigious British weekly said in its editorial headlined "How India can become a science powerhouse" cited researchers to highlight that basic research has been neglected by successive governments and that a thriving research system needs much greater autonomy.
Preference for locally made goods to support mfg sector achieve 25% of the GDP of $30 trillion economy: Goyal
Piyush Goyal, India's Minister of Commerce and Industry, emphasized the potential for India to become a global manufacturing powerhouse by focusing on exports and promoting locally made goods. He urged stakeholders to support the manufacturing sector, stating it could contribute 25% to the GDP of a $30 trillion economy in 2027.
Mega events lined up in coming months: Commerce Minister Piyush Goyal
Commerce Minister Piyush Goyal announces a series of mega-events to bolster India's global economic standing. The lineup includes the Aatmanirbhar Bharat Utsav showcasing diverse offerings, followed by the 'Indus Food' exhibition and the Bharat Mobility Global Expo 2024. 'Bharat Tex' will follow, focusing on the entire textile value chain. These events aim to bridge producer-consumer gaps and promote innovation, marking India's enhanced global outreach strategy.
India: A Powerhouse on Two Fronts - Cricket and Economy
The future beckons, and India, with its unwavering determination, is poised to leave an indelible mark on the world stage, both as a cricketing powerhouse and an economic giant.
How tech can make India a farming powerhouse
India's farm yields are low by international comparison but with cost-reducing and productivity-increasing tech applications, the sector can afford to shift 20% of land over a decade to sustainable options like bio and natural farming without compromising food safety and affordability.
ET Soonicorns Summit 2023: Delhi-NCR edition kicks off today, experts to chart the roadmap for India’s rise as a global economic powerhouse
The ET Soonicorns Summit 2023, an Economic Times initiative, to track the evolving frontiers of growth in the startup-tech sector will bring together key stakeholders and decision makers from within Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scalable businesses of the future.
The world’s iron ore powerhouse is preparing to reinvent itself
Last year, iron ore shipments accounted for about 5% of the country’s gross domestic. But now China is cooling, while steel producers are under pressure to clean up a sector that accounts for at least 7% of global greenhouse gas emissions, a change that will require new methods and higher-quality raw materials.
India will soon emerge as global economic powerhouse: PM Modi
Prime Minister Narendra Modi expressed his aim to make India a global growth engine and believes that the country will soon become an economic powerhouse. Speaking at an event commemorating the success of the Vibrant Gujarat Summit, Modi highlighted how the summit has helped Gujarat's development and has become an institution that other states have followed.
Amid India vs Bharat debate, BHARAT stocks outshine on Dalal Street
A reflection of this can be seen in the performance of the S&P BSE Bharat 22 index, which has more than doubled in value in 3 years. In fact, the index hit a lifetime high of 6118.08 points on Friday.
India seeks to fill a China-sized gap in global economic growth
India is emerging as a potential champion in the global economy, with a fast-growing economy and a large population. Prime Minister Narendra Modi's government is investing in infrastructure and attracting global manufacturers. India is expected to contribute 15% to global growth this year, second only to China. However, the country still faces challenges such as youth unemployment and widespread poverty. While India presents an opportunity for global investors, its ability to capitalize on this potential remains uncertain.
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