Investment

The 'Digital India' programme, politics-neutral, centre-state-neutral and ideology-neutral, had resulted in large-scale technology adoption, leading India to be a trillion-dollar digital economy in the next two to three years.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

Austrian-Russian companies will be helping out with cable cars and airboats for travelling across hilly areas and over rivers, said Nitin Gadkari, Minister for Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation.

Crisis created by the Non-Banking Financial Institution or Company (NBFC) is going to hold India’s real estate sector at gun-point in 2019, as it did in 2018, a year of veritable roller-coaster ride.

More than 50 Projects with an investment of over Rs.10,000 crore, adding 90 MTPA capacity, are targeted for award during 2018-19 by the Jawaharlal Nehru Port Trust (JNPT), said the Ministry of Shipping.

There is a temporary reprieve from global risk-off catalysts (oil and dollar), but developments are still fluid as we head into 2019, writes Radhika Rao, DBS’ Economist for India, Thailand & Eurozone.

A World Bank loan of US$200 million is supporting the Ministry of Micro, Small and Medium Enterprises' Rs.2,200 crore implementation of Technology Centre Systems Programme (TCSP) for over 63 million MSMEs in the country.

The National Highway Authority of India is finalizing a detailed project report (DPR) for the of NH-80 (new NH-33) between km 65 to km 190 in Bihar.

The Asian Development Bank (ADB) is lending $60 million to help reduce floods and the riverbank erosion in Assam.

Capital expenditure is likely to slow down due to economic uncertainties in India which goes into an unpredictable General Elections by May next year.