Indian Economy: News, Updates and Discussions
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Navi Mumbai international airport to become operational from this year-end: Scindia
Union Minister Jyotiraditya Scindia announced that Navi Mumbai international airport will become operational in November or December this year, and that in the next 10 to 15 years, at least 10 cities in India will have two airports each. The airport will pave the way for the development of Navi...
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CallSignMaverick
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EssilorLuxottica eyes manufacturing expansion in India
EssilorLuxottica exploring possibility of expanding manufacturing presence in India for production of lenses, frames & sunglasses.
India's GDP to surpass $4 trillion in 2024-25: PHDCCI report
"The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions," the report stated.
Tesla makes big plans for India: May set up factory, make new car for developing nations
Tesla is reportedly in advanced talks to enter the Indian market and may invest nearly $30 billion over the next five years.
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Too good to be true, Tesla will not come to India soon.Tesla makes big plans for India: May set up factory, make new car for developing nations
Tesla is reportedly in advanced talks to enter the Indian market and may invest nearly $30 billion over the next five years.www.google.com
But I hope I'm proven wrong
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Hyundai Motor plans second plant in India, commits Rs 7000 crore investment in Maharashtra
Hyundai Motor, a renowned carmaker, is set to invest Rs 7,000 crore in the establishment of its second plant in India. The company has made this move after acquiring a previously inactive factory from General Motors Co. The investment agreement between Hyundai and the western state of...
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suriya
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A steep decline in the poverty headcount ratio during the last 9 years. The poverty headcount ratio reduced from 29.17 per cent in 2013-14 (Projected) to 11.28 per cent in 2022-23 (Projected). According to the discussion paper released today by NITI Aayog Multidimensional poverty in India since 2005-06, 24.82 crore individuals estimated to have escaped multidimensional poverty during the last 9 years: NITI Aayog
Over the past nine years, India has witnessed a remarkable transformation in poverty reduction, with the Modi government playing a pivotal role in this achievement. According to a discussion paper on National Multidimensional Poverty in India since 2005-06 - -A staggering 24.82 crore Indians have emerged from multidimensional poverty. The Poverty Headcount Ratio has plummeted from 29.17% in 2013-14 to just 11.28% in 2022-23, marking a reduction of 17.89 percentage points in less than a decade.-This period saw an accelerated annual poverty reduction rate of 10.66% between 2015-16 and 2019-21, a notable increase from the 7.69% rate observed from 2005-06
to 2015-16 of UPA era. The largest decline in poverty was recorded in Uttar Pradesh, where 5.94 crore people overcame poverty, followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore), and Rajasthan (1.87 crore).The Modi government's schemes have been instrumental in this progress. For instance, the Ayushman Bharat & PM Jan Aushadhi Kendra are reducing the out-of-pocket expenditure. Pradhan Mantri Awas Yojana is providing housing to the rural and urban poor, PM Kisan has contributed to more disposable income at hand these all have contributed in Poverty alleviation. According to the paper the drop in Multidimensional Poverty Index (MPI is more pronounced in poorer states like Uttar Pradesh, Bihar, and Madhya Pradesh, which previously struggled with issues like connectivity and electricity access, is a testament to the effectiveness of these initiatives. the CAPEX push, which drive infrastructure development, have yielded tangible results in these regions., indicating a narrowing of regional disparities. This remarkable poverty in states.All 12 indicators of the MPI have shown substantial improvement, reflecting a holistic approach to addressing the complex issue of poverty. The Modi government's focus on the saturation of schemes has ensured that the benefits reach the most needy, thereby empowering people and enabling them to break free from the shackles of poverty
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Over the past nine years, India has witnessed a remarkable transformation in poverty reduction, with the Modi government playing a pivotal role in this achievement. According to a discussion paper on National Multidimensional Poverty in India since 2005-06 - -A staggering 24.82 crore Indians have emerged from multidimensional poverty. The Poverty Headcount Ratio has plummeted from 29.17% in 2013-14 to just 11.28% in 2022-23, marking a reduction of 17.89 percentage points in less than a decade.-This period saw an accelerated annual poverty reduction rate of 10.66% between 2015-16 and 2019-21, a notable increase from the 7.69% rate observed from 2005-06
to 2015-16 of UPA era. The largest decline in poverty was recorded in Uttar Pradesh, where 5.94 crore people overcame poverty, followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore), and Rajasthan (1.87 crore).The Modi government's schemes have been instrumental in this progress. For instance, the Ayushman Bharat & PM Jan Aushadhi Kendra are reducing the out-of-pocket expenditure. Pradhan Mantri Awas Yojana is providing housing to the rural and urban poor, PM Kisan has contributed to more disposable income at hand these all have contributed in Poverty alleviation. According to the paper the drop in Multidimensional Poverty Index (MPI is more pronounced in poorer states like Uttar Pradesh, Bihar, and Madhya Pradesh, which previously struggled with issues like connectivity and electricity access, is a testament to the effectiveness of these initiatives. the CAPEX push, which drive infrastructure development, have yielded tangible results in these regions., indicating a narrowing of regional disparities. This remarkable poverty in states.All 12 indicators of the MPI have shown substantial improvement, reflecting a holistic approach to addressing the complex issue of poverty. The Modi government's focus on the saturation of schemes has ensured that the benefits reach the most needy, thereby empowering people and enabling them to break free from the shackles of poverty
24.82 Crore People Escaped Multidimensional Poverty In Last Nine Years, Says NITI Aayog
Uttar Pradesh registered the largest decline in the number of poor, followed by Bihar, Madhya Pradesh and Rajasthan.
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Niti Aayog Member Ramesh Chand says, " ...The data we have made is on multidimensional poverty, in this, even if a person is uneducated, it is poverty, if somebody's health is not good, that is also poverty, if somebody doesn't have a proper home, electricity connection or water, it is also poverty...from that angle, if we see, in 2014, around 29% people were multidimensionally poor, they lacked these things and by 2022-23, it has reduced to 11.28%...this is an indicator of progress..."
JaneBhiDoYaaron
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We are going to have lot of whining here.
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Cryptonian
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Replace x with twitter
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The company has announced a massive investment in excess of $4 billion or Rs 33,000 crore in the country which will go into capacity expansion, battery assembly, development of new technologies like EVs and hydrogen, and also build the R&D and design capability in the country which is linked to the global R&D hubs.Hyundai Motor plans second plant in India, commits Rs 7000 crore investment in Maharashtra
Hyundai Motor, a renowned carmaker, is set to invest Rs 7,000 crore in the establishment of its second plant in India. The company has made this move after acquiring a previously inactive factory from General Motors Co. The investment agreement between Hyundai and the western state of...m.economictimes.com
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Speaking at the launch of the new Creta in the national capital, Kim said, "Our commitment to India remains unwavering. We recently announced an investment of Rs 6,180 crore. This is in addition to the already announced investment of Rs 20,000 crore towards capacity expansion, new products and a battery pack assembly plant."
If one were to add Rs 7000 crore investment likely to be committed in the state of Maharashtra, Hyundai Motor India's cumulative investment in India will grow to Rs 33,180 crore for the coming decade.
Commitment to India unwavering, new investments to chart journey for next decade, says Unsoo Kim, MD, Hyundai Motor India | Autocar Professional
Commitment to India unwavering, new investments to chart journey for next decade, says Unsoo Kim, MD, Hyundai Motor India
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