Industry growth

China boasts a complete industrial system, a large domestic market, robust consumption potential, abundant human resources, competitive infrastructure and ample policy leeway, which will continue to buoy industrial development this year, Miao Wei, minister of industry and information technology, told a press conference. … [Read more...] about China’s industrial economy to expand steadily in 2020

The data also reveals improving performances of major industrial enterprises. For every 100 yuan of revenue they generated, the costs they bore fell by 0.07 yuan from a year earlier to 92.9 yuan in March, compared to an increase of 0.81 yuan in the January-February period. … [Read more...] about (Multimedia) Economic Watch: Chinese economy firms up with drastic rebound in industrial profit

RIL on Friday posted a record quarterly net profit of ₹ 11,640 crore as a turnaround in oil refining business together with the continued rise in the share of its consumer businesses of retail and telecom countered lower profitability in petrochemicals. … [Read more...] about Market opens at record high; RIL, HDFC Bank top gainers

“India’s fastest growing cities have been drawing a significant level of interest from overseas investors. We are starting to see the benefits of the government’s reforms on the infrastructure and policy front. Despite a slowing pace of economic growth, these reforms are bringing more market transparency, which boosts investment into real estate,” JLL India CEO and Country Head Ramesh Nair said. … [Read more...] about Hyderabad, Bengaluru top two most dynamic cities globally in list of 130: JLL

On September 25, 2014, the Indian government announced the ‘Make in India’ initiative to encourage manufacturing in India and galvanize the economy with dedicated investments in manufacturing and services. Immediately after the launch, investment commitments worth crores were announced. In 2015, India emerged as the top destination for foreign direct investment, surpassing the U.S. and China. In line with the national programme, States too launched their own initiatives. Five years later, as we brace for another Union Budget, it would be appropriate to take stock of the much-hyped initiative as the economy in general, and the manufacturing sector in particular, is on a slippery slope. … [Read more...] about Why ‘Make in India’ has failed