Investment

Commerce and Industry Minister Piyush Goyal and industry stakeholders have discussed opportunities for India in the growing digital economy.

Netcore Solutions, a Mumbai-headquartered global Marketing Technology company, said The Star Online of Malaysia has partnered with its AI-powered behavioural analytics and multi-channel customer engagement suite - Netcore Smartech.

Representatives of Digital Economy and Start-ups have shared their views and made suggestions regarding Big Data, data mining, building of digital infrastructure as the big challenge before Indian economy besides scaling-up and incentivising Research & Development (R&D) within India.

The Electronics and IT Ministry has finalized a data protection law which will soon be taken to the cabinet and parliament for approval, Minister in charge, Ravi Shankar Prasad, has told an industry conference.

Prime Minister Narendra Modi has acknowledged the challenge in the goal to make India a US$5 trillion economy by 2024 but has assured that it can be achieved.

India’s digital payments transaction value is projected to more than double to US$135.2 billion in 2023 from US$64.8 billion this year, turbo-charged by the expansion in the financial technology (FinTech).

The Indian Managed Security Services (MSS) market is expected to witness a healthy CAGR of 30.9% by 2022, according to a report by ResearchAndMarkets on 14 June 2019.

Issues relating to bring in more capital to the infrastructure sector such as highways, railways, telecom, auto-mobile and incentives for electric vehicles were highlighted during Finance Minister Nirmala Sitharaman Pre-Budget Consultation Meeting with stakeholders from Infrastructure and Climate Change Sectors.

The Indian tourism industry is seeing a shift from destination-based to experience-based tourism, especially from millennial tourists, whose itinerary tops by Tamil Nadu.

Finance Minister Nirmala Sitharaman has discussed with the Financial Sector and Capital Markets' stakeholders issues relating to the banks, NBFCs, and Alternative Investment Funds (AIFs) among others during a Pre-Budget Consultations Meeting in New Delhi.