India tops list of recipient countries for remittances with $129 bn inflow in 2024

India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World Bank economists.  The growth rate of remittances this year is estimated to be … Read more

Startups have potential to contribute $120 billion to India`s GDP by 2030

Startups will be a core driver of India’s economic growth this ‘Techade,’ likely to contribute nearly $120 billion (or 1.6 per cent) to the country’s GDP by 2030, which will be nearly 3.5 times jump from $35 billion in 2023, according to a new report.  Given that most developed economies see between 5-10 per cent … Read more

Indian pharma sector 3rd largest globally, valued at $50 bn in FY 2023-24: Centre

India’s pharma industry is considered to be the world's third largest by volume, and in FY 2023-24 the pharmaceutical market has been valued at $50 billion, said Union Minister of State for Chemicals and Fertilizers Anupriya Patel.  In a written reply to Rajya Sabha Patel said that in FY 2023-24, the pharmaceutical market’s domestic consumption … Read more

`Hum Karke Dikhate Hain`: Gautam Adani on building green, brighter future for millions

The Adani Group Chairman, Gautam Adani, on Thursday said that the company makes promises which are not only about building infrastructure but also creating hope, progress and a brighter tomorrow for millions of Indians.  Reacting to a unique and out-of-the-box advertisement on wind turbines and renewable energy by the Adani Group that took the internet … Read more

India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report

A joint report by the Confederation of Indian Industry (CII) and EY has said that the country’s tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to an increasing tourism activities by 2036-37. The CII and EY in a whitepaper titled ‘Employment Landscape in Tourism and Hospitality in India’ … Read more