More than a century ago, in 1907, the first iron and steel plant, Tata Iron and Steel Company was set up at Jamshedpur in Jharkhand (then Bihar) with a production capacity of one lakh tonnes. It’s part of the history now. Tata Steel has grown manifolds over the years and is now among the top steel...
India’s exports have reached a historic high of $770 billion in 2022-23 – a huge 14% increase from $ 677 billion in 2021-22. Merchandise exports have increased by 6% from $ 422 billion to $ 447 billion during the year while service exports have gone up by a phenomenal 27% from $ 255 billion to $...
Moody's Investors Service has recently raised India's economic growth estimate for 2023 to 5.5% from 4.8% projected earlier. The upward revisions were influenced by the sharp increase in capital expenditure in the last budget to `10 trillion accounting for about 3.3% of GDP for fiscal year 2023-24 ...
Budget 2022-23 has been widely hailed for achieving what appeared a difficult exercise considering the uncertain macroeconomic development both at home and abroad. Sitharaman has increased capital spending by a whopping 33% while reducing individual income tax rates and estimating a lower fiscal def...
Agriculture has always been the centre of attention for political parties and academicians in India. The sector generates less than a fifth of gross value added yet provides livelihood to more than three-fifth of the population.India has done well to increase its gross domestic product, to improve i...
“The worst bankrupt in the world is the man who has lost his enthusiasm. Let a man lose everything else in the world but his enthusiasm and he will come through again to success” says H W Arnold, a lieutenant general in the US army during World War II. And if his immediate reference was the army...
India is on track to become the world’s third largest economy by 2027, edging past Japan and Germany, says a new Morgan Stanley research report. India will account for a fifth of total global economic growth in the next decade.The expanding volume and the vast scale of India’s economy will be th...
When did tourism begin? One can’t pinpoint the time and for obvious reasons, but human beings have been moving from place to place in search of food, shelter and safety ever since the early days of settlement. Changes in climate, shortages of food supplies or hostile invaders often compelled ...
India is the land of festivals; it celebrates festivals almost throughout the year. Festivals are a significant part of Indian culture, acting as a vehicle for promoting our values and emotions. While each community and each region has its own festivals, two of its biggest festivals; Durga puja and ...
Once branded a "third world country", a term used for poor developing countries, India is now among the largest economies of the world. It is the world's fifth largest economy by nominal GDP and the third largest by purchasing power parity (PPP). India has emerged as th...
