Economy

India is pushing for liberalizing norms in the Regional Comprehensive Economic Partnership (RCEP) to promote services trade as the sector accounts for about 55% of its Gross Domestic Product (GDP).

Japan’s Rakuten Mobile Network Inc and Tech Mahindra are building next generation (4G & 5G) software defined network laboratories in Tokyo and Bengaluru.

India’s food retail market is expected to touch US$827 billion by 2023, up from US$487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented.

Digital payment transactions have registered tremendous growth in India over the last two years.

The Consortium for IT Software Quality™ (CISQ™), an IT industry leadership group that develops standards for automating software quality measurement, has opened registration for its in India on 16 Nov 2018.

The GSMA has expanded its regional office in New Delhi, citing that India will be a major driver of mobile industry growth in the Asia Pacific region and globally and is set to reach nearly 920 million subscribers in 2025

Recognizing the importance of strategic partnership with India and reconstruction of Afghanistan, the United States has exempted New Delhi for its development of Chabahar Port, a competition to China-led Gwadar Port in Pakistan, from Iranian economic sanctions.

Commerce Secretary Dr. Anup Wadhawan noted Chinese Government’s efforts in clearing some of the market access issues such as for rice and rapeseed meal during the past few months and expressed satisfaction over progress on soya bean meal and pomegranate...

One of India’s biggest challenges is to protect brands amidst illegal trades while there is an urgent need to increase capacity building and training of judiciary in order to expedite cases related to economic offences.

Dwindling liquidity should not affect festival demand across key sectors, said leaders of Indian industry representing diverse industrial segments.