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India refuses to play 'dead economy'. Will Trump back off?

Economic Times

Economic Times · 24d ago

India refuses to play 'dead economy'. Will Trump back off?

India has responded firmly to the U.S.’s imposition of 25% tariffs on its goods, with Commerce Minister Piyush Goyal asserting that India will not yield to unfavorable trade deals or deadlines. Goyal emphasized India’s strategic confidence, rejecting Trump’s characterization of India as a “dead economy” and highlighting India’s growth potential. The firm stance signals India’s insistence on fair trade negotiations that protect domestic interests, urging the U.S. to reconsider its approach for a mutually beneficial relationship.

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India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

Economic Times

Economic Times · 24d ago

India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

During the Indian Parliament's Monsoon Session, Union Minister Piyush Goyal countered Donald Trump's comments about India being a "dead economy," asserting that India is the fastest-growing major economy and will soon become the third largest by GDP. India has progressed from the 11th to the 5th largest economy due to reforms and contributions from various sectors. Goyal highlighted India's transformation from the "Fragile Five" to a leading global economy.

Glad Prez Trump is safe: OpenAI CEO Altman after Trump gets shot

Inshorts · 1y ago

Glad Prez Trump is safe: OpenAI CEO Altman after Trump gets shot

After US Presidential candidate Donald Trump was shot in the right ear during a campaign rally, OpenAI CEO Sam Altman took to X to say that he is "very glad President Trump is safe". Trump was declared safe after the assassination attempt. The 20-year-old Thomas Matthew Crooks, who was reportedly identified as the shooter, was shot dead.

'Never had a funding winter... good firms always had enough money to back them': Sanjeev Bikhchandani

Business Today

Business Today · 1y ago

'Never had a funding winter... good firms always had enough money to back them': Sanjeev Bikhchandani

Indian startup funding has hit a seven-year low in 2023, with investments falling 72% YoY to $7bn compared to $25bn in 2022, according to data from Tracxn. However, Sanjeev Bikhchandani, the investor behind Info Edge, which owns Naukri.com, has said that there was never really a funding winter in the Indian startup ecosystem, but rather a funding excess. Bikhchandani believes that good companies always have enough money to back them, and startups are expected to play a crucial role in making India a developed economy by 2047. PE/VC investments in India also fell 11% YoY in CY 2023.

Indian gaming likely to hit $7.5 billion, create 250,000 jobs by 2025: Meta executive

Economic Times

Economic Times · 1y ago

Indian gaming likely to hit $7.5 billion, create 250,000 jobs by 2025: Meta executive

According to Facebook's Meta, the Indian gaming sector is expected to reach a value of nearly $7.5 billion and create 250,000 jobs by 2025. Meta's vice president for India, Sandhya Devanathan, highlighted the significant role gaming will play in India's digital economy, which is predicted to contribute a trillion dollars to the country's goal of becoming an $8 trillion economy. The report released by Meta also revealed that India has approximately 146 million real money gaming (RMG) players and 202 million non-RMG casual gamers, with a large percentage residing outside major cities.

Global tech manufacturers 'worried' as India's free laptop, PC import policy nears end

Money Control

Money Control · 11m ago

Global tech manufacturers 'worried' as India's free laptop, PC import policy nears end

India's licensing norms for laptop imports, which were introduced in 2023, are set to expire at the end of September 2024. The restrictions were initially rolled back due to opposition from global laptop manufacturers such as Dell, Apple, and Lenovo. Jason Oxman, President and CEO of ITIC, expressed concerns about the future of India's import management system and urged for clarity. Oxman emphasized that global supply chains for electronics cannot be easily changed and warned that reinstating the licensing norms could cut off India from the global economy.

Record highways, rural roads, Vande Bharat trains and new airports transform India 2014-2024

Money Control

Money Control · 11m ago

Record highways, rural roads, Vande Bharat trains and new airports transform India 2014-2024

From 2014 to 2024, India has witnessed a remarkable transformation in its infrastructure. The government has focused on improving highways, rural roads, introducing Vande Bharat trains, and expanding airports. These developments have not only created numerous job opportunities but also enhanced the standard of living for citizens. India is now on its way to becoming a logistics hub and aims to achieve world-class infrastructure. These improvements play a crucial role in realizing India's goal of becoming a 5-trillion economy and the world's third-largest economy by 2029.

Donald Trump to host crypto summit at White House on March 7

Economic Times

Economic Times · 5m ago

Donald Trump to host crypto summit at White House on March 7

US President Donald Trump is set to host a cryptocurrency summit at the White House on March 7. The event will feature remarks by Trump and include CEOs, investors, and notable figures from the cryptocurrency industry. This gathering signals heightened attention on the crypto market from political leadership, aiming to discuss its growth, regulation, and potential impacts on the economy. The summit seeks to bridge the gap between policymakers and the rapidly evolving crypto sector.

The meteoric rise of Elon Musk — from South Africa to US White House, we profile world’s richest man

Livemint

Livemint · 9m ago

Billionaire CEO Elon Musk and Indian-American pharma executive Vivek Ramaswamy have been appointed by President-elect Donald Trump to lead the Department of Government Efficiency, or 'DOGE'. The duo will focus on dismantling bureaucracy and reducing excess regulations in federal agencies. Musk, known for his work in space exploration, has been a supporter of Trump and will play a prominent role in improving government efficiency. Musk's new role has drawn attention due to the acronym of the department, which is similar to the name of the cryptocurrency Dogecoin that he promotes.

India’s Gaming Space May Touch $7.5 Bn By 2025: Meta India MD

Inc42 · 1y ago

India’s Gaming Space May Touch $7.5 Bn By 2025: Meta India MD

Facebook Meta is eyeing the gaming market in India, predicting it to be worth $7.5bn and generate 250,000 jobs by 2025. Speaking at the Meta Gaming Summit in Mumbai, India MD Sandhya Devanathan highlighted the significant role gaming will play in India's digital economy. The event also saw the launch of the 'Gaming Playbook', a report on the Indian gaming ecosystem. The report revealed that India has around 146 million real money gaming players and approximately 202 million casual gamers, with a majority residing outside major cities. Gaming is a top three vertical for Meta globally.

Manufacturing-focussed startups got $8 billion in investments over 7 years: Prashanth Prakash

Economic Times

Economic Times · 1y ago

Manufacturing-focussed startups got $8 billion in investments over 7 years: Prashanth Prakash

According to Prashanth Prakash, chairman of Karnataka Startup Vision Group, manufacturing-focused startups in India have attracted around $8 billion in investments over the past seven years. He believes that startups will play a crucial role in Karnataka's manufacturing sector and contribute towards the state's goal of becoming a $1 trillion economy. Prakash emphasized the importance of building a world-class startup-driven manufacturing ecosystem, with opportunities in various sectors such as construction, food processing, textiles, chemicals, toys, electricals, packaging, and electric vehicles.

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