A recent online survey conducted by LocalCircles revealed that a majority of people would stop using UPI if a transaction fee is charged for it. The survey received over 34,000 responses from citizens in 364 districts, with 67 per cent of male respondents and 33 per cent of women. The Reserve Bank of India (RBI) […]
In a development signaling confidence in India’s economic trajectory, Moody’s, the global credit rating agency, has revised its GDP forecast for the country upwards to 6.8 per cent for the year 2024. The optimistic outlook comes as India is poised to maintain its position as the fastest-growing economy among G20 nations, fueled by robust growth […]
The latest Household Consumption Expenditure Survey 2022-23 indicates a notable rise in the consumption of paan, tobacco, and intoxicants over the past decade, with people allocating a larger portion of their income to these products. The survey, conducted by the National Sample Survey Office from August 2022 to July 2023, reveals that in rural areas, […]
In an exclusive interview with Rajat Khurana, Managing Director at ASICS India, the athletic footwear and apparel giant details its strategic incorporation of artificial intelligence and machine learning to reshape consumer trends forecasting. The discussion explores ASICS’s data-driven methodology, ongoing research initiatives, technological advancements, and the convergence of health and technology. Khurana shares how these […]
Less than 3 per cent of India’s population, or 3.4 crore people, live below the USD 1.90 purchasing power parity (PPP) daily criteria for global poverty, according to data from the World Poverty Count. Further, India has seen a considerable decline in extreme poverty representing a 3 per cent decrease from 4 crore in 2023 […]
India, the world’s largest rice exporter, is expected to witness a decline in rice production for the first time in eight years during the 2023-24 crop year. This development comes amidst concerns over below-average rainfall impacting agricultural output. The Indian government, through the Ministry of Agriculture and Farmers Welfare, revealed that rice production is projected […]
Convergent Finance LLP and private equity company Samara Capital will buy a 51.8 per cent share in Agro Tech Foods from Conagra Brands, Inc. for USD 78 million (Rs650 crore). The funds will pay an extra USD 44 million (Rs360 crore) for the remaining 26 per cent of outstanding shares through a mandated open offer. […]
In India’s textile industry, there exist both mechanical and chemical recycling methods. The fabric recycling structure in India is quite lazy In 2022, the textile industry emerged as a major contributor to pollution in India, ranking third after plastic and paper waste. This led it to be a significant source of environmental concern, the textile […]
India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
