Menu

Global Scans · India · Weekly Summary


WHAT'S NEXT?: India's ambitions, particularly in technology and economic growth targets promise much from this populous country determined to be a world leader.

  • India Budget seen pro-growth, prudent, and not so populist The fiscal gap is expected to narrow to 5.9% of gross domestic product, from 6.4% in the current fiscal year. The Economic Times
  • India is positioning itself as a 6G pioneer in 2024, with Prime Minister Narendra Modi claiming his country will become a leader in 6G. The Future of Commerce
  • The growth of established international coffee chains in emerging markets is nothing new, but one home-grown operator was already proving that branded coffee culture could succeed in India nearly 30 years ago. World Coffee Portal
  • India's soy oil imports could jump to 300,000 tons in March and further to 400,000 tons in April, while palm oil imports could fall to around 700,000 tons. TEMPO.CO
  • We expect India to overtake China and become the growth engine of the world, with projected annual real GDP growth of 6-7%. Lombard Odier
  • Amidst mounting environmental challenges, the Indian government's 2024-25 Union Budget holds significant promise to tackle escalating environmental challenges and promote sustainable practices. EKI Energy Services Limited
  • Urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quarters. www.bestmediainfo.com
  • Demand for oil and natural gas in India is expected to increase by nearly 70% between 2022 and 2050, while oil demand is expected to increase from 223 MMT in 2022 levels to 300-330 MMT by 2030. Energy Connects
  • More than half of global growth will be concentrated in China, the US, India, and Indonesia over the next 5 years. Luxembourg - EN - Institutional
  • In the case of India, compared with China or other parts of the world, the Indian economy still continues to need more transport fuels so we expect India will continue to grow in transportation fuels. Nikkei Asia
  • India will in seven years become the largest source of global oil demand growth as its domestic production shrinks by 22%. Oliveboard
  • Jet-kerosene demand is poised for strong growth, albeit from a relatively low base, while gasoline demand will witness moderate growth due to the electrification of India's vehicle fleet. ThePrint
  • Indians envision India as a powerhouse in global trade, technology, and economy by 2047. Mint
  • Coal-based power plants are back in focus in India as the Asian country expects its demand to cross 260-gigawatts during peak hours in summer in 2024. MarketScreener
  • In the current bidding round, approximately 520 7-meter electric buses, 2231 9-meter electric buses, and 1074 12-meter electric buses are expected to operate in 50 cities across India from the current bidding tranche. Bauaelectric Auto News
  • Fitch Ratings anticipates continued emphasis on capital expenditure (capex) to support India's growth outlook in FY25. AffairsCloud.com
  • Fitch Ratings estimates that India's fiscal deficit for financial year 2024-2025 to reach 5.4% of Gross Domestic Product, which is above the budget target of 5.1%. AffairsCloud.com
  • Fitch Ratings on India's Interim Budget 2024-2025: Forecasts FY25 Fiscal Deficit at 5.4% of GDP Fitch Rating, an internatinal credit rating agency, stated that the interim Budget of 2024-2025 by the Government of India does not change the sovereign credit profile of India. AffairsCloud.com
  • India's cotton spinning industry is forecast to grow by 12-14 per cent in financial year 2024. Fibre2Fashion
  • With a strong focus on infrastructure development, last-mile connectivity, and social and geographical inclusivity, it effectively complements the vision of a 'Vikasit Bharat' (developed India) by 2047. India Retailing
  • The India-Middle East-Europe Economic Corridor opens unprecedented opportunities for businesses to broaden their horizons and participate in cross-border trade. Apparel Views

Last updated: 11 February 2024



Please stand by...

The magic is happening, but it might take a couple of minutes.

Login