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The Future of India’s Economy Under Modi 3.0 - Business Byte
Business Bytes
·
1y ago
Medial
The Indian economy has been showing resilience despite challenges posed by the COVID-19 pandemic. The country has witnessed impressive GDP growth rates for three consecutive years, with a projected 8.2% increase in the financial year 2023-24. The fiscal deficit has been well managed, with a target of 5.1% for the current fiscal year. Reforms and development are expected to continue, focusing on infrastructure, digitalization, and manufacturing. Overall, the economy is well-positioned for sustained growth under the leadership of Modi 3.0.
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India will soon become third largest economy, focusing on providing 'trust of doing business' in country: PM Modi in Cyprus
Economic Times
·
1m ago
Medial
Prime Minister Narendra Modi, during a business roundtable in Cyprus, emphasized India’s imminent status as the world’s third largest economy, highlighting its focus on business trust and ease of doing business. His visit, at Cyprus President Nikos Christodoulides' invitation, reaffirms bilateral ties, supported by Cyprus on Kashmir and terrorism. Modi aims to strengthen bonds in trade, security, and technology, with subsequent visits planned to Canada and Croatia for global cooperation discussions.
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World Bank says India will continue to be fastest growing economy: Modi
YourStory
·
5m ago
Medial
Prime Minister Narendra Modi announced that the World Bank projects India to remain the fastest-growing economy in coming years. Speaking at the 'Invest Madhya Pradesh - Global Investors Summit-2025', he highlighted the state's business potential. A Deregulation Commission aims to create an investment-friendly ecosystem. Modi noted India’s emerging role in global supply chains and emphasized job growth in sectors like textiles, tourism, and technology. He also outlined new investment policies in Madhya Pradesh.
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Budget 2024 Decoded: Neelkanth Mishra on Modi 3.0's Impact on Investment Strategies | Exclusive
Money Control
·
1y ago
Medial
In an exclusive interview with Moneycontrol, Neelkanth Mishra, Head of Global Research at Axis Capital, discusses the impact of the first budget under Modi 3.0 on investment strategies. Mishra highlights significant shifts and advises investors to reconsider their equity strategies based on these changes. Watch the interview to understand the implications of Budget 2024 on investment decisions.
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PM Modi meets Pichai in France, discusses 'India’s digital transformation’
YourStory
·
5m ago
Medial
Prime Minister Narendra Modi met Google CEO Sundar Pichai at the AI Action Summit in Paris to discuss AI's "incredible opportunities" in India and collaboration on digital transformation. Modi co-chaired the summit with French President Emmanuel Macron, emphasizing the need for a global AI framework based on open-source principles to enhance trust and transparency. Modi highlighted AI's transformative impact on politics, economy, security, and society, stating it is redefining humanity's future trajectory.
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Ashwini Vaishnaw takes charge of IT ministry; promises focus on tech, manufacturing
Economic Times
·
1y ago
Medial
Union Minister Ashwini Vaishnaw has emphasized the government's commitment to bolstering India's position as a global leader in semiconductor and electronics manufacturing. In charge of the Ministry of Electronics and IT (MeitY), Vaishnaw highlighted the transformative impact of government initiatives like Digital India, which has empowered citizens through programs like Jan Dhan and Aadhaar over the past decade. Retaining his portfolio in the Modi 3.0 government, Vaishnaw aims to leverage technology for positive change in the lives of Indian people, particularly the youth, and promote a future driven by new-age technology.
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Small businesses power 30% of GDP, need support to thrive
Inshorts
·
2m ago
Medial
India’s small businesses, from kirana stores to digital startups, contribute 30% to GDP but face hurdles like funding gaps, red tape, and digital illiteracy. With fintech, training, and policy support, these resilient ventures can thrive. Supporting them means fueling local dreams and strengthening the economy, because the future of India’s growth lies in its small, determined entrepreneurs.
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NASSCOM Report: Micro-Startups boost India’s economy
Inshorts
·
3m ago
Medial
India’s startup boom is being driven by micro-ventures, as revealed in the 2024 NASSCOM report. With under 10 employees and minimal capital, these businesses generated ₹50,000 crore in 2023. Solving hyper-local problems through tech and frugality, they reflect a shift toward lean innovation, reshaping India’s economy from the grassroots and fueling its $5 trillion ambition.
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PM Modi Calls For Developing Open-Source AI To Enhance Trust And Transparency
OutlookIndia
·
5m ago
Medial
At the Artificial Intelligence (AI) Action Summit in Paris, Prime Minister Narendra Modi advocated for the development of open-source AI to enhance trust and transparency. He highlighted the importance of creating unbiased, quality datasets and addressing cybersecurity concerns. Modi emphasized governance in AI, advocating for equitable access, especially for the Global South. He praised India’s digital public infrastructure and expressed India’s readiness to share expertise in ensuring AI benefits globally.
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China, ASEAN to submit upgraded free trade deal to leaders in October, says China's foreign minister
Economic Times
·
27d ago
Medial
China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations on an upgraded free trade agreement, set to be submitted to leaders in October. This "3.0 version" aims to enhance economic cooperation by focusing on the digital economy, green economy, and supply chain connectivity. Additionally, both parties agreed on a five-year action plan for collaboration in over 40 fields and aim to finalize a code of conduct concerning the South China Sea by next year.
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Razorpay, CRED, Swiggy among 30 startups in Startup Policy Forum
Entrackr
·
8m ago
Medial
India’s startup ecosystem has gained a unified platform with the launch of the Startup Policy Forum (SPF), an industry alliance designed to promote collaboration between policymakers and leading ventures. SPF brings together 30 of India’s leading startups across varied sectors, including Razorpay, CRED, Pine Labs, Groww, OYO, Swiggy, Practo, Dream11, MPL, Cars24, CarDekho, Acko, Ixigo, Livspace and Jupiter. "Our startups are driving transformative change by democratizing business and converting job seekers into job creators. We are glad to see many founders joining the Startup Policy Forum (SPF), which should reinforce India’s global leadership in the new-age economy. The forum should play a pivotal role in India’s journey to become Viksit Bharat by 2047 under the visionary leadership of Prime Minister Shri Narendra Modi," said Piyush Goyal, Minister of Commerce and Industry. Founded by former Peak XV executive and public policy expert Shweta Rajpal Kohli, the Forum will do initiatives to promote India’s startup ecosystem on a global stage. The Forum will limit its members to 100 select startups in its initial phase. Over 30 rapidly growing startups have already signed up as members. These include companies like Razorpay, CRED, Pine Labs, Groww, Acko, OYO, Swiggy, Practo, Dream11 and MPL, Cars24 and Cardekho, CureFoods, Livspace, Ixigo, Ultrahuman, Digantara, Invideo, Jupiter, OneCard, Mobikwik, Yubi, platform Progcap, Bluestone among others. The Forum aims to foster constructive collaboration between founders, policymakers, and regulators. SPF will use the government’s initiatives to position Indian startups on a global platform. SPF has also established four specialized councils: the Fintech Policy Council (FPC), Consumer and Commerce Council (CACC), Emerging Tech & AI Council (ETAC), and New-Age Public Companies Council (NPCC). These councils will focus on critical areas within the startup ecosystem, collaborating closely with relevant regulators and stakeholders to address unique challenges and opportunities in each sector.
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