Indian Economy

haldilal said:
Ya'll it's repackaging of existing planned developments and nothing else.
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the old DMIC Trust which was originally created to co-ordinate industrial infra along delhi mumbai industrial corridor, this organisation has been revamped to manage other industrial corridor developments across the country, and now it is called NICDC (National Industrial corridor corporation).

state govts will take care of the development of the industrial parks since land is a state subject, NICDC will take care of co-ordinating centre's work share of connecting these locations to transit and other infra national grids.
 
FalconSlayers said:
That seems some different insignificant project in Tamil Nadu.
This is the OG one.
View attachment 7918
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The press release stated that it's part of the MITRA park scheme, but only mentions the Virudhunagar, Tamil Nadu Park thus far, with 1,200 crore investment there.

I can't find information on the status of the other 6 parks in the other 6 states in the graphic. It looks like the Tamil Nadu park is furthest along in land acquisition and development of the parks, and so the Centre went ahead announced the progress there. The other sites still have until 2027-2028 to get set up by, so we will have to wait for several more years still.
 
Adani Group on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore.

realty.economictimes.indiatimes.com

Adani Group to set up two million tonne cement grinding unit in Guna - ET RealEstate

Industry Conclave In Guna: The event here attracted investments from large industries totalling Rs 8,000 crore across various sectors, with expected employment generation of 35,000 and over 2,500 MSMEs expressed intent to invest Rs 5,000 crore, an official said.
realty.economictimes.indiatimes.com realty.economictimes.indiatimes.com

The Madhya Pradesh government's regional industry conclave on Wednesday attracted investment proposals totalling Rs 8,000 crore across various sectors, including Rs 3,500 crore by Adani Group. Besides, Reliance is planning to invest in renewable gas and compressed biogas projects in the state.
 
Ya'll The rumors spreading that the SpiceJet passengers from checking in over pending dues from the airline till 11am today. Flights operating empty out of Dubai. Issue impacting passengers for the past one week.
 

PRESS NOTE ON ESTIMATES OF GROSS DOMESTIC PRODUCT FOR THE FIRST QUARTER (APRIL - JUNE) OF 2024-25​


Real GDP has been estimated to grow by 6.7% in Q1 of FY 2024-25.

Real GVA has observed a growth rate of 6.8% in Q1 of FY 2024-25.

Secondary Sector (8.4%) has witnessed a significant growth in Q1 of FY 2024-25, as compared to the growth rate of 5.9% in the Q1 of previous financial year.​


Posted On: 30 AUG 2024 5:30PM by PIB Delhi



The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, Quarterly Estimates of Gross Domestic Product (GDP) for the April-June Quarter (Q1) of the Financial Year (FY) 2024-25 along with its expenditure components both at Constant (2011-12) and Current Prices. Quarterly Estimates of Gross Value Added (GVA) at Basic Prices by kind of economic activity along with year on year percent changes and expenditure components of GDP for Q1 of the years 2022-23, 2023-24 and 2024-25 at Constant and Current Prices are given in Statements 1 to 4 of Annexure A.

Key Highlights:


  • Real GDP has been estimated to grow by 6.7% in Q1 of FY 2024-25 over the growth rate of 8.2% in Q1 of FY 2023-24.
  • Nominal GDP has witnessed a growth rate of 9.7% in Q1 of FY 2024-25 as compared to the growth rate of 8.5% in Q1 of FY 2023-24.
  • Real GVA has grown by 6.8% in Q1 of FY 2024-25 over the growth rate of 8.3% in Q1 of the previous financial year. This GVA growth in the Q1 of FY 2024-25 has been driven by significant growth in the Secondary Sector (8.4%), comprising of Construction (10.5%), Electricity, Gas, Water Supply & Other Utility Services (10.4%) and Manufacturing (7.0%) sectors.
  • Growth rate in Nominal GVA for Q1 of FY 2024-25 have been estimated at 9.8% over 8.2% growth rate in Q1 of FY 2023-24.
  • Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation (GFCF), at Constant Prices, have witnessed growth rates of 7.4% and 7.5% respectively in Q1 of FY 2024-25.
  • Net Taxes, at Current Prices, has observed the growth rate of 8.0 % in Q1 of FY 2024-25 resulting in 0.1% point gap between the growth rates of GVA and GDP.

https://pib.gov.in/PressReleseDetail.aspx?PRID=2050139
 
India now ranks in the top 5 countries for 45 of 64 technologies (an increase from 37 last year) and has displaced the US as the second-ranked country in two new technologies (biological manufacturing and distributed ledgers) to rank second in seven of 64 technologies. Another notable change involves the UK, which has dropped out of the top 5 country rankings in eight technologies, declining from 44 last year to 36 now.


Note:
ASPI’s Critical Technology Tracker is a unique dataset that allows users to track 64 technologies that are foundational for our economies, societies, national security, defence, energy production, health and climate security. It focuses on the top 10% of the most highly cited research publications from the past 21 years (2003–2023).9 The new dataset is analysed to generate insights into which countries and institutions—universities, national labs, companies and government agencies—are publishing the greatest share of innovative and high-impact research. We use the top 10% because those publications have a higher impact on the full technology life cycle and are more likely to lead to patents, drive future research innovation and underpin technological breakthroughs.10
 
concard said:
Good to see government has seen the importance of semiconductor manufacturing. Doubling down on the industry shows clear intent to develop electronics industry.
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fundamental difference between this govt compared to every other govt that came before them, is that the current govt views economic security as part of national security at policy level. this concept was theoretically introduced during vajpayee era because of creation of NSA, but they didn't have the chance to implement it then since they lost elections immediately after. everything used to be viewed in silos.

it is also possible that the current govt talks so much about climate change because in their view it has national security implications.
 
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