India’s economic performance in 2025 stands out as a remarkable example of resilience in a world fraught with uncertainties. In the first quarter of FY 2025-26, the economy recorded a real GDP growth of 7.8%, the highest in five quarters, improving from 7.4% in the previous quarter (Q4 2024-25). This...
India’s services sector experienced a significant surge in activity in February, driven by strengthening domestic and international demand. This led to a faster expansion in output and a notable rise in employment, according to a monthly survey released on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index...
India has long been celebrated for its rich cultural diversity, storied history, and lively festivals. However, when measured against its Asian counterparts, India has fallen considerably short in terms of capitalising on Meetings, Incentives, Conferences and Exhibition industry (MICE) opportunities. With some recent initiatives, especially the grand unveiling of “Yashobhoomi,”...
The Service sector has undergone a notable transformation, embracing digitization and integrating artificial intelligence, revolutionizing its dynamics. Artificial intelligence(AI) is revolutionizing the service sector, reshaping industries, and transforming customer interactions. Now the question arises, how is AI going to change the dynamics of the service industry, and what are the...
What factors will drive or derail India’s march towards $2 trillion exports? The inaugural India Business and Trade Conclave organized by Trade Promotion Council of India featured an exclusive session by a multi-disciplinary panel on this moot point. The panelists concluded that integrated logistics, speed of infrastructure utilisation, innovation, overseas...
The growth of domestic and international trade has created the need for just-in-time deliveries, which has led to the growth of Express Delivery Services. Dr. Arpita Mukherjee, Professor at ICRIER and an esteemed Member of Committee for Advanced Trade Research, TPCI emphasises on the importance of this sector, when it...
In a bid to bolster the tourism sector of India, the government is working on a holistic plan to identify 50 travel destinations that will appear on every tourist’s list. To support the vision, the creation of an information-driven app for tourists, Vibrant Village Programme and setting up of “Unity...
India’s merchandise exports for April-January 2022-23 have risen by 8.5% YoY, although exports for January were down by 6.6%. Most agri product groups have witnessed positive YoY growth led by Tobacco, Oil Meals and Cereal Preparations & Miscellaneous Processed Food Items. Despite the slump in figures, experts are confident that...
Dr. Arpita Mukherjee, Professor at ICRIER shares her views on the rapid growth of Mode 1 services, and how India should be prepared for the next phase of digitalization in services trade. She emphasizes that Indian IT companies should focus on building/upgrading skills rather than hiring bulk employees. IBT: What...
India’s exports have shown a strong growth of 17.72% as per data released for the period April-November 2022. Petroleum Products, Electronic goods, Tobacco, Tea, Cereal preparations and misc, rice, Ceramic products & glassware and fruits & vegetables were among the fastest growing export categories. According to recent figures, India’s trade...
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