India

space rockets in sunlight

India Opens Doors to Foreign Investors for Full Investment in Space Industry

News

In a significant move aimed at fostering investment and growth in the aerospace sector, the Indian government announced on Wednesday, February 21, that it has eased regulations to permit 100% foreign direct investment (FDI) in the space industry. India’s decision to liberalize FDI regulations in the aerospace domain comes as the country seeks to bolster […]

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India to Lobby WTO Against Extension of Ban on Cross-Border E-commerce Taxes

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Indian government officials announced on Tuesday (Feb 20) their intention to challenge efforts by the United States and Europe to prolong a global moratorium on tariffs for cross-border e-commerce transactions at an upcoming World Trade Organization (WTO) meeting scheduled for next week. According to officials, India, along with South Africa and Indonesia, is advocating for

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boys watching crude oil fountain

India’s Russian Crude Oil Imports Plummet, Diversification Strategy in Focus

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India’s crude oil imports from Russia have reached their lowest point in a year, recording a significant decline of 35% compared to the previous year’s figures. The decrease underscores India’s ongoing efforts to diversify its energy supply sources, as it seeks to mitigate risks and secure cost-effective energy solutions. According to recent data, the drop

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Taiwan and India Forge Partnership: MOU Signed to Address Aging Society with Indian Labor

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In a bid to tackle the challenges posed by Taiwan’s aging population, Taiwan and India have inked a significant memorandum of understanding (MOU) aimed at facilitating the importation of Indian workers to Taiwan. According to a statement released by Taiwan on Friday, February 16th, the MOU outlines provisions for Taiwan to regulate the influx of

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oil containers on the railway

India Assists in Keeping Global Oil Prices Low Through Purchase from Russia

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Mr. Hardeep Singh Puri, Minister of State for Petroleum and Natural Gas of India, asserted that India plays a crucial role in maintaining lower global crude oil prices by procuring oil from Russia. Speaking at the India Energy Week conference in Goa, Puri highlighted India’s contribution to stabilizing oil prices, stating, “The world is grateful

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India Aims for $1.7 Billion in FY25 as Online Gambling Faces New Tax Measures

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The Indian government is targeting the collection of up to 140 billion rupees ($1.7 billion) in goods and services taxes from online gambling companies during the fiscal year 2025, as revealed by Sanjay Malhotra, the Director General of the Indian Income Tax Department. This ambitious revenue goal follows the government’s announcement in October of last

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man sleeping on the street

India’s Paradox: Abundance in Agriculture, Yet Millions Face Starvation

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India, renowned as one of the world’s leading producers of agricultural goods, grapples with a staggering paradox as millions within its borders endure hunger despite the abundance of food production. The head of global trade operations at Bunge, a major agribusiness company, acknowledges, “Hunger is the biggest problem in India,” emphasizing the severity of the

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gray iron steel rods

Robust Economic Growth Propels India’s Steel Demand, Anticipated to Surge 10%

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India’s steel demand is poised to experience a substantial 8% to 10% growth in the medium term, propelled by the nation’s robust economic expansion, making it the second-largest steel consumer globally. JSW Steel, the largest steel producer in India, has forecasted a nationwide surge in demand of up to 15% for the fiscal year ending

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India Aims to Secure World’s Third-Largest Economy Status by 2027, Says Finance Ministry

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In a publicized report on Monday (Jan. 29), the Indian Ministry of Finance unveiled ambitious projections, forecasting that India is poised to claim the position of the world’s third-largest economy by 2027, boasting a Gross Domestic Product (GDP) reaching USD 5 trillion. Simultaneously, the ministry asserted that the Indian economy is expected to exhibit robust

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