Economy and Finance

In her speech, the Finance Minister said that the government has decided to roll out RAMP, an initiative to revitalise the MSME sector

Economic Survey 2022 forecasts Indian GDP to grow by 8.0-8.5% in 2022-23, the fastest in the world.

100% shares of Air India officially handed over to Tata Group company Talace Pvt Ltd by the govt along with management control

In the financial year 2021-22, Apple and Samsung are set to manufacture smartphones worth over $5 billion in India

Elon Musk, in a tweet let it be known that Tesla’s India business is “still working through a lot of challenges with the government”.

In July 2021, OpIndia had reported that Musk was seeking temporary relief in import tariffs. Indian government has been urging to manufacture cars in India and discourage imports by relatively high import duty to encourage the make-in-India initiative.

While World bank retained India's growth rate estimate at 8.3% f02 2021, it has forecasted that economy will grow by 8.7% in 2022

The growth rate for India’s trade with China is even less than the growth rate of India’s total international trade, which increased by 50%

Doug Guthrie, in his recent podcast, claimed that Apple can't leave China, belittling the tech giant's growth in India, Vietnam

Deposits in Jan Dhan accounts, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore