Economy

As on 01.12.2018, 347 projects are showing cost overruns out of 1,443 projects, said Vijay Goel, Minister of State in the Ministry of Statistics and Programme Implementation.

Development activities have been initiated on 10 National Waterways (NWs), Minister of State for Shipping Pon Radhakrishnan said in Lok Sabha on 7 Feb 2019.

India is projected to reach 1,784 million metric tonnes (MMT by) 2024 supported by increasing government initiatives to enhance capacity and utilization of the country's major and minor ports, according to a research report.

The untapped bilateral trade potential between India and Africa is more than US$42 billion, according to a joint study by the Exim Bank of India and Afreximbank.

The Indian e-commerce market has grown by a strong 17% on the year to US$38.5 billion in 2018-19, Minister of State for Consumer Affairs, Food & Public Distribution, C.R. Chaudhary, in Lok Sabha 5 Feb 2019.

The International North-South Transport Corridor (INSTC) is part of the wider bilateral trade promotion being worked on by India and Russia, according to a joint statement in Delhi on 5 Feb 2019.

Commerce and Industry Minister Suresh Prabhu has invited Monaco industries to invest in the Indian services sector which is expected to contribute US$3 trillion to India's GDP once it is a US$5 trillion economy in the next 5-6 years' time.

India’s imports from China surged to US$76.38 billion in 2017-18 from 2016-17’s US$61.28 billion, Minister of State of Commerce and Industry, C. R. Chaudhary, told Lok Sabha on 4 Feb 2019.

In order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2 (2018) has been issued by Ministry of Commerce and Industry, putting in place certain conditions.

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