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Livestock & fishing fuel agriculture growth, shows govt report

Economic Times

Economic Times · 2m ago

Livestock & fishing fuel agriculture growth, shows govt report

The government report highlights the growing significance of livestock and fishing within India's agriculture sector. From 2011-12 to 2023-24, livestock's share rose to 31.2% from 25.6%, and fishing expanded to 7% from 4.2%. Andhra Pradesh leads in the fishing sector. The agriculture sector's gross value output increased by 54.9% during this period. However, agriculture's share in the economy declined, emphasizing the need for modernization to match broader economic shifts.

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Centre okays Rs 14,000-cr outlay for 7 new schemes to boost farmers' income

YourStory

YourStory · 12m ago

Centre okays Rs 14,000-cr outlay for 7 new schemes to boost farmers' income

The Indian government has approved seven programmes with a total outlay of nearly Rs 14,000 crore to support the growth of agriculture and allied sectors in order to improve farmers' income. The programmes include a digital agriculture mission, a crop science scheme, strengthening agricultural education, a digital agriculture mission, sustainable livestock health and production, sustainable horticulture development, strengthening Krishi Vigyan Kendras (KVKs), and natural resource management. These programmes aim to enhance farmers' income through research, education, climate resilience, digitization, and improvement of horticulture and livestock sectors.

India To Grow At 6.5-6.8% This Fiscal; Festive, govt Spending To Drive Growth: Deloitte

OutlookIndia

OutlookIndia · 1y ago

India To Grow At 6.5-6.8% This Fiscal; Festive, govt Spending To Drive Growth: Deloitte

Deloitte India expects the GDP growth for the current fiscal year to be in the range of 6.5-6.8%. This is mainly attributed to increased festive spending and higher government expenditure ahead of the national elections next year. The report emphasizes that India needs at least 6.5% growth annually to become the world's third-largest economy by 2027, and 8-9% growth to become a developed country by 2047. Deloitte also highlights the importance of domestic demand, particularly private consumption and investment spending, to fuel India's growth.

Exclusive: Clean energy investment hits new highs and shows no sign of slowing | TechCrunch

TechCrunch · 2m ago

Exclusive: Clean energy investment hits new highs and shows no sign of slowing | TechCrunch

A new International Energy Agency report reveals that global investment in clean energy is nearly double that of fossil fuels, reaching $2.15 trillion in 2025. Despite steady fossil fuel investments, clean energy investment shows a significant upward trend, suggesting no slowdown in the energy transition. Achieving net zero by 2050 would require an average annual investment of $4.5 trillion. However, ongoing exponential growth in clean energy investments indicates this target may be attainable.

Diesel remains vital for India despite rising green fuel

Inshorts · 3m ago

Diesel remains vital for India despite rising green fuel

Despite a slowdown in diesel sales growth, the fuel remains critical for India's transport, agriculture, and industry sectors. Alternatives like EVs and CNG are rising, especially in cities, but diesel still dominates long-haul trucks and buses. Experts say green fuels are far from replacing diesel's utility in the next 6-7 years, making its exit anything but imminent.

UP Govt Aims To Integrate AI In Farming, Bolster Agritech Startups

Inc42 · 1y ago

UP Govt Aims To Integrate AI In Farming, Bolster Agritech Startups

The state government of Uttar Pradesh in India is planning to host a farming summit called 'Krishi Bharat' in November. The summit aims to boost investment in local agritech startups and integrate artificial intelligence (AI) into farming practices. Global venture capitalists will be invited to participate, with a goal of spurring investments in the domestic agriculture value chain. India's agritech startups are projected to have a total market opportunity of $24 billion by 2025, according to a report by EY.

Our electric, hydrogen & flex industries will become number one in the world: Nitin Gadkari

Economic Times

Economic Times · 1m ago

Our electric, hydrogen & flex industries will become number one in the world: Nitin Gadkari

India is focusing on increasing ethanol use in fuels to reduce fossil fuel dependency, cut pollution, and boost agriculture. Nitin Gadkari highlighted efforts to raise ethanol blends, develop flex engines, and promote electric, hydrogen, and ethanol vehicles. Challenges include high GST on ethanol blends and the need for technological parity. Additionally, plans for infrastructure improvements and road safety were discussed, alongside strategies for economic growth and energy self-reliance.

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

Business Today

Business Today · 2m ago

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI Governor Sanjay Malhotra maintains India's GDP growth projection for 2025-26 at 6.5%. The economy shows resilience with strong agriculture, improving industrial activity, and healthy private consumption. While domestic activity is robust, geopolitical tensions and weather uncertainties pose risks. Urban and rural demand are improving, supported by trade agreements. Overall, India displays stability and opportunity in a shifting global economy, as it pursues its "Viksit Bharat" vision.

Govt aims to make Indian auto industry world's No. 1: Gadkari

YourStory

YourStory · 1m ago

Govt aims to make Indian auto industry world's No. 1: Gadkari

Union Minister Nitin Gadkari aims to make India's automobile industry the world's largest, highlighting its growth to Rs 22 lakh crore and its creation of 4.5 crore jobs, the highest in the country. Speaking in New Delhi, Gadkari noted that the industry contributes significantly to the economy and GST revenue but also emphasized the need to address pollution challenges by developing greener fuels, and diversifying agriculture towards energy and power.

Govt explores steps to boost affordable NBFC loans

Livemint

Livemint · 1y ago

Govt explores steps to boost affordable NBFC loans

The Indian government is considering measures to boost affordable loans offered by non-banking finance companies (NBFCs). These measures include increasing the deposit acceptance limit for eligible NBFCs, introducing deposit insurance, and creating a dedicated liquidity window for NBFCs. The aim is to lower funding costs, enabling NBFCs to provide loans to crucial sectors such as agriculture and micro, small, and medium enterprises at more affordable interest rates. This move is crucial to bridging the credit gap in these sectors and supporting India's economic growth goals.

Govt Plans INR 750 Cr Fund For Agritech Startups

Inc42 · 1y ago

Govt Plans INR 750 Cr Fund For Agritech Startups

The Indian government has announced a new fund called 'Agri Fund For Startups and Rural Enterprises' to provide equity and debt support to agritech startups. The fund aims to encourage and support agricultural startups in rural areas. The announcement was made by Ajeet Kumar Sahu, Joint Secretary of the Department of Agriculture and Farmers Welfare, during an event in Mumbai. This initiative follows the government's previous announcement of an agriculture-focused accelerator fund in 2023.

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