India has done well among emerging market economies in terms of attracting foreign direct investment (FDI), according to a domestic rating agency. However, the India Ratings and Research agency added that the foreign investors continue to chase bets in the services sector in India despite the Narendra Modi government’s high-octane push to boost manufacturing through … Read more
NEW DELHI: The average revenue per user (ARPU) of the cellular industry could grow even without tariffs hikes as data usage and penetration zooms over the last 1-to-2 years. As per India Ratings and Research (Ind-Ra): “The sliding voice tariffs, growing data tariffs, increasing data usage per subscriber and increasing data subscribers in the overall … Read more
Core sector output grew 8.9% in June, easing from double-digit increases in the previous three months as the favourable base effect dissipated. The rise in the index of eight core sector industries in June was still heavily influenced by the base effect of 12.4% contraction in June last year, helping mask the weakness in the … Read more
New Delhi: Indian economy is now expected to see a faster turnaround given the impending rollout of vaccine, increased mobility and less disruptions to business operations as the economy opens up but a lot will also depend on the upcoming Budget for 2021-22 to steer its course. India, which had in 2019 overtaken the UK … Read more