Industry Sectors

The price gap between ready-to-move-in (RTM) and under-construction (UC) homes in the top 7 cities has been reduced to a mere 3-7% in 2019, according to data from property consultants ANAROCK.

The travel services market in India is expected to post a CAGR of close to 19% during the period 2020-2024, according to the latest market research report by Technavio.

Tripura Industrial Development Corporation (TIDC) Ltd is setting up a Special Economic Zone (SEZ) for the Agro-based food processing industry, at an estimated cost of Rs.1,550 crore.

Defence Research & Development Organisation (DRDO), Indian Air Force (IAF) and BrahMos have jointly conducted two BrahMos supersonic cruise missiles tests on 17 Dec 2019, one each from land and air platforms.

The Confederation of Indian Industry (CII) has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators and offer opportunities for Indian exporters.

India’s prepaid card market in value terms is expected to record a CAGR of 35.6%, increasing from US$38.7 billion in 2019 to reach US$130.7 billion by 2023, according to a ResearchAndMarkets report.

The Government is stepping up engagement with EU, US, and UK to secure markets for Indian exports even as it withdrew from the Regional Comprehensive Economic Partnership, Commerce and Industry Minister Piyush Goyal has assured delegates at Export Summit 2019.

Representatives of the Agro-processing and Rural Development sectors have told Finance Minister Nirmala Sitharaman to boost investment in agricultural sector and enhance market access to farmers.

The Asian Development Bank (ADB) has signed a US$250 million loan for Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers.

The Indian Railways plans to attract more private investment, encouraging project-specific subsidiaries (in form of SPVs) with equity from public sector undertakings (PSUs) and the private sector.