Spotlight

The 10th Pravasi Bharatiya Divas (PBD) 2012, held in Jaipur, Rajasthan provided a platform to facilitate the Overseas Indian community with their skills, expertise and financial resources to partner with the Indian Government and Industry and subsequently place India on a higher growth trajectory. The over arching theme of the annual flagship convention organised by the Ministry of Overseas Ind...

Innovation is about thinking and creating solutions with an uncommon perspective, that tend to positively impact the environment, both socially and economically. India has gained a position amongst the top innovator countries for technology-based products and services. The country has recently been performing on a relatively higher scale, and harnessing its innovation potential. India is increa...

In order to increase the focus on sustainable energy development, the Ministry of New and Renewable Energy (MNRE) has been allocated a budgetary provision of Rs 253.06 crore (US$ 56.27 million) for research and development (R&D) for the first four years of the 11th Five Year Plan Significantly, the Government of India will allot Rs 1,500 crore (US$ 332.92 million) to banks and finance comp...

Representing the success story of Indian aviation,  the country is poised to become the fastest growing market in the world for aircraft maintenance, repair and overhaul (MRO) services over the next decade. The MRO spend by airlines in India is US$ 500 million and is expected to grow to US$ 1.5 billion by 2020. Interestingly, Indira Gandhi International (IGI) Airport in Delhi has been rank...

The domestic pharmaceutical sector has outperformed the Sensex in 2010, recording a gain of about 34 per cent, making India an attractive destination for foreign players who have been looking to increase their exposure in one of the fastest growing healthcare markets globally. The size of the Indian drug retail market has crossed US$ 10.42 billion for the 12 months ended November 2010, acc...

As the Indian economy continues to surge ahead, its power sector has been expanding concurrently to support the growth rate. The demand for power is growing exponentially and the scope for the growth of this sector is immense. The Centre has targeted capacity addition of 100,000 mega watt (MW) each in the 12th Five Year Plan (2012-17) and 13th Five Year Plan (2017-22), according to Mr Sushil Ku...

India retained its position as the most successful country among global offshore locations, according to a new study by Gartner Inc. Moreover, over the last decade, non-resident Indians (NRIs) have aggressively started looking at India as one of the safest and viable investment avenues. In addition, tracking the latest investment trends the private equity (PE) investors may invest nearly U...

India’s manufacturing sector expanded at its fastest pace in six months in November 2010. India’s purchasing managers’ index (PMI) compiled by HSBC Holdings and Markit Economics rose to 58.4 in November 2010 from 57.2 a month earlier. The order flow continued to improve, adding optimism to India's growth prospects for 2010. Significantly, according to a recently published 2010 Global Manufa...

The Indian automobile industry is witnessing a renewed growth with automobile sales touching a record high for the fourth time in a row in October 2010. The industry reported a growth of 45.9 per cent. The high scale movement is attributed to the festive season and the robust Indian economy, along with the numerous leading names in the automobile world, gearing up to enter India, the second-fas...

India is enjoying the global attention embarked on it as the developed countries make efforts to stabilise their respective economies. Various countries are coming forward to harness the potentials and to benefit from the positive investment climate of the Indian economy. The bilateral trade between India and Europe, which stood at US$ 74.5 billion in 2010, is likely to touch US$ 207.6 billion ...