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India's growing economy set to outpace China temporarily: IMF

According to Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, India is projected to account for 18% of global growth by 2028, up from the current 16%.Read more

India's Industrial sector surges: August 2023 records impressive growth

Official data released revealed a significant surge in India's industrial production, with a remarkable growth rate of 10.3% on an annual basis in August, following a 5.7% increase in July.Read more

Piyush Goyal urges Indian industries to transform India into Global Manufacturing Hub

The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, mining, energy, food processing, chemicals, medical devices, and drones.Read more

Barclays report highlights India's path to 8% GDP growth and global dominance

The report raised a crucial question: whether India can achieve rapid growth without compromising its hard-earned macro stability amid global economic turbulence.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead

According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more

Handling efficiently

In April 2023, manufacturing activity in India grew the fastest in four months of 2023, driven largely by growth in domestic consumption, and limited impact of rising raw material prices. Read more

Way to $ 1 trillion manufacturing economy?

In 2021-22, for the first time, India’s exports crossed $ 400 billion and this year, the country has set a target of $ 470 billion (a tall ask given the prevailing external environment).Read more

With GDP expected to grow at 6% CAGR, future of manufacturing sector is bright

Electro Zavod, the manufacturer of specialised machinery for the bulk material handling industry, is celebrating its golden jubilee this year. In 2022, the company was acquired by Hi-Tech System & Services. In this interview, Vikas Agarwal, Chairman, Electro Zavod India, talks about the company's 50 year journey and importance of innovations to keep up with the market.Read more

Gearing up for Kumbha Mela of machine tools, IMTEX 2023

The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more

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