India Business News.

 India is one of the fastest growing economies in the world. The country's business sector plays a vital role in its overall economic growth. Economic news in India is always full of new developments, policy changes and economic indicators. In this article, we will take a closer look at today business news in english.

India's GDP growth

India's economy is on the road to recovery from the COVID-19 pandemic. According to the latest estimates from the Reserve Bank of India (RBI), the country's gross domestic product (GDP) growth rate for the financial year 2021-2022 is expected to be around 9.5%. The growth was attributed to the government stimulus plan, structural reforms and vaccination campaigns. The RBI also said inflationary pressures are easing, which is a positive sign for the economy.

 

Stock Market Update

Indian stocks got off to a strong start on Monday, March 20, with benchmarks opening higher. The BSE Sensex opened at 50,168.11, up 354.69 points, while the NSE Nifty opened at 14,916.35, up 106 points. Markets are expected to remain volatile due to the ongoing pandemic and global uncertainties.

 

Tata Motors plans electric vehicles

Tata Motors, one of India's leading automakers, has announced plans to launch 10 new models of electric vehicles (EVs) by 2025. The company also plans to set up a factory dedicated electric vehicle manufacturing facility in the state of Gujarat. Tata Motors aims to become a carbon-neutral company by 2050, and the switch to electric vehicles is a step in that direction.

 

Indian economy rebounds in 2021-22

Today business news suggests that the Indian economy is expected to rebound strongly in the current fiscal year. According to a report by the International Monetary Fund (IMF), the Indian economy is expected to grow by 11.5% in 2021-22, making it the fastest growing major economy in the world. The report cites strong political support in India, a recovery in manufacturing and services and a recovery in vaccine-led consumer confidence as key drivers of expected growth.

 

Cairn Energy Dispute with Indian government

Cairn Energy, a UK-based oil and gas company, has had a long-standing tax dispute with the Indian government.

The company won a $1.2 billion arbitration award against India in 2020, but the Indian government refused to pay. Cairn Energy has now engaged a number of countries, including the US and UK, to enforce the ruling. The dispute has drawn widespread attention and criticism from investors and business groups, who view the Indian government's actions as treacherous and a threat to foreign investment in India.

 

Indian startups attract record funding

Despite the challenges posed by the COVID-19 pandemic, Indian startups attracted record levels of funding in 2021.

Indian startups raised $10.1 billion in funding in the first quarter of 2021, up from $2.5 billion in the same period last year, according to a report by Venture Intelligence. The increase in funding is a testament to the resilience and innovative capacity of India's startup ecosystem, which has adapted to the changing landscape brought on by the pandemic.

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