Month: September 2022

Home grown alternative to GPS, know all about India’s “NavIC”.

Navigation with Indian Constellation (NavIC), also called the Indian Regional Navigation Satellite System (IRNSS), is considered on par with US-based GPS, Russia’s Glonass and Galileo developed by Europe.

Making innovative applications to the entire community in the ocean-based services, especially for the underserved and unserved, the NavIC constellation is really going to create history, according to ISRO Chairman K Sivan.

By using receivers on the ground, IRNSS-1I will help in determining position and time accurately through signals in a space covering India.

Standard Positioning Service (SPS) and Restricted Service (RS), which are provided to all and authorised users respectively, are the services associated with IRNSS.

Indian Prime Minister Narendra Modi named the independent regional navigation satellite system developed by India as “NavIC” which offers services like terrestrial and marine navigation, disaster management, vehicle tracking and fleet management, a navigation aid for hikers and travellers, visual and voice navigation for drivers.

Built at a cost of $174 million, NavIC was originally approved in 2006 and became operational in 2018. 

Consisting of eight satellites,  NavIC is currently being used for providing emergency warning alerts to fishermen venturing into the deep sea where there is no terrestrial network connectivity and in public vehicle tracking in India.

In order to ensure the availability of NavIC signal in any part of the world, India’s satellite navigation draft policy in 2021 stated the government will work towards “expanding the coverage from regional to global.”

With the aim of removing dependence on foreign satellite systems for navigation service requirements, NavIC is conceived particularly for “strategic sectors.”

Home grown alternative to GPS, know all about India's "NavIC".

Navigation with Indian Constellation (NavIC), also called the Indian Regional Navigation Satellite System (IRNSS), is considered on par with US-based GPS, Russia’s Glonass and Galileo developed by Europe.

Making innovative applications to the entire community in the ocean-based services, especially for the underserved and unserved, the NavIC constellation is really going to create history, according to ISRO Chairman K Sivan.

By using receivers on the ground, IRNSS-1I will help in determining position and time accurately through signals in a space covering India.

Standard Positioning Service (SPS) and Restricted Service (RS), which are provided to all and authorised users respectively, are the services associated with IRNSS.

Indian Prime Minister Narendra Modi named the independent regional navigation satellite system developed by India as “NavIC” which offers services like terrestrial and marine navigation, disaster management, vehicle tracking and fleet management, a navigation aid for hikers and travellers, visual and voice navigation for drivers.

Built at a cost of $174 million, NavIC was originally approved in 2006 and became operational in 2018. 

Consisting of eight satellites,  NavIC is currently being used for providing emergency warning alerts to fishermen venturing into the deep sea where there is no terrestrial network connectivity and in public vehicle tracking in India.

In order to ensure the availability of NavIC signal in any part of the world, India’s satellite navigation draft policy in 2021 stated the government will work towards “expanding the coverage from regional to global.”

With the aim of removing dependence on foreign satellite systems for navigation service requirements, NavIC is conceived particularly for “strategic sectors.”

Tips for faster promotion in jobs.

Many people wonder how to get promoted at work. It’s not as hard as it seems. All you need is a little bit of patience and a lot of hard work. Just make sure to not slack off and you’ll be well on your way to the top!

Here’s how to rise through the ranks in the fastest way possible

These are quickly summed up in the bullet points below.

  • Punctuality– Always arrive on time
  • Work Etiquette– This is related to dressing properly and behaving professionally
  • Work ethics– Be committed, proactive and honest in your job.
  • Positive Attitude– Be positive and confident. Increase productivity through attitude. Who doesn’t love good personalities?
  • Stay organised– Keep a track of all your work in progress and keep your work area clean
  • Goal-orientedness– It is important to stay ahead of schedule. Always strive to beat targets and deadlines
  • Be a Team player– Love everyone and be loved by all. This should be the aim to get promoted quickly.
  • Leave home at home– Don’t discuss private affairs and leave your personal baggage of responsibilities at home
  • Work hard– Nothings succeeds like success. Work hard to become successful and further success will follow

Tips for faster promotion in jobs.

Many people wonder how to get promoted at work. It’s not as hard as it seems. All you need is a little bit of patience and a lot of hard work. Just make sure to not slack off and you’ll be well on your way to the top!

Here’s how to rise through the ranks in the fastest way possible

These are quickly summed up in the bullet points below.

  • Punctuality– Always arrive on time
  • Work Etiquette– This is related to dressing properly and behaving professionally
  • Work ethics– Be committed, proactive and honest in your job.
  • Positive Attitude– Be positive and confident. Increase productivity through attitude. Who doesn’t love good personalities?
  • Stay organised– Keep a track of all your work in progress and keep your work area clean
  • Goal-orientedness– It is important to stay ahead of schedule. Always strive to beat targets and deadlines
  • Be a Team player– Love everyone and be loved by all. This should be the aim to get promoted quickly.
  • Leave home at home– Don’t discuss private affairs and leave your personal baggage of responsibilities at home
  • Work hard– Nothings succeeds like success. Work hard to become successful and further success will follow

IT employees are rewarded with double digit salary hike before the festive season.

As per a report by brokerage and research firm Elara Capital, companies like Coforge, L&T Infotech (LTI) and Persistent Systems (PSYS) hiked salaries in double-digits in FY22. Reportedly, this is the maximum hike that they have given in 4 years.

The same hike trend is been observed among employees of all major IT companies such as Infosys, HCL, TCS and other big IT corporations, and it was seen as a good move considering the pandemic hit stagnant income of the employees and much more relief from the dark clouds of spiking inflation all around.

In FY22, the median wage rise was 2.4x five-year average wage increase for midcap Indian IT companies as acute supply-side strain necessitated roll-out of substantial salary hikes.

As compared to the previous four years, the employee growth has exceeded the median salary growth which implies faster fresher addition (pyramid flattening).

As demand for services such as cloud-computing, digital payment infrastructure, cybersecurity and cryptocurrency transactions surged, employers paid top compensation to lure skilled workers.

Further, Double digit salary hikes are here to stay for at least another year. The Salary Increase Survey report by AON says that Indian companies are expected to boost average salaries by at least 10.4% in 2023, a tad lower than the 10.6% given in 2022 so far.

The average salary hikes in percentage terms for 2022 is highest in India as compared with other big countries, including the USA, the UK and Japan, the report said.

IT employees are rewarded with double digit salary hike before the festive season.

As per a report by brokerage and research firm Elara Capital, companies like Coforge, L&T Infotech (LTI) and Persistent Systems (PSYS) hiked salaries in double-digits in FY22. Reportedly, this is the maximum hike that they have given in 4 years.

The same hike trend is been observed among employees of all major IT companies such as Infosys, HCL, TCS and other big IT corporations, and it was seen as a good move considering the pandemic hit stagnant income of the employees and much more relief from the dark clouds of spiking inflation all around.

In FY22, the median wage rise was 2.4x five-year average wage increase for midcap Indian IT companies as acute supply-side strain necessitated roll-out of substantial salary hikes.

As compared to the previous four years, the employee growth has exceeded the median salary growth which implies faster fresher addition (pyramid flattening).

As demand for services such as cloud-computing, digital payment infrastructure, cybersecurity and cryptocurrency transactions surged, employers paid top compensation to lure skilled workers.

Further, Double digit salary hikes are here to stay for at least another year. The Salary Increase Survey report by AON says that Indian companies are expected to boost average salaries by at least 10.4% in 2023, a tad lower than the 10.6% given in 2022 so far.

The average salary hikes in percentage terms for 2022 is highest in India as compared with other big countries, including the USA, the UK and Japan, the report said.

Emerging career options among Indian youth.

Empirical research by various trade organizations, media houses, and the Indian government clearly point towards a single fact: Youth can’t find jobs because they opt for traditionally favourite courses such as medicine, engineering and management. Rather than breaking away from the flock, study emerging trends and finding new generation careers, Indian youth pursue careers they wrongly believe would secure an excellent future.

Blogging

Blogging isn’t something that quirks with a flair for writing engage in. Instead, it’s a top class new generation career for youth. Blogging can help you get high-paying jobs with top companies or make money from home with minimal investment. All you require is passion or in-depth knowledge about a topic or field with creative writing and presentation skills.

Instagram Influencer

Almost every popular brand in the world is on Instagram. And for a reason too: this photo and video sharing website has over 800 million users worldwide. No business worth its name can afford to neglect Instagram as an effective marketing too. Nor can it overlook the importance of influencer marketing through Instagram.

Mobile Applications Developer

As cheaper smartphones and inexpensive mobile data packages flood the Indian market, there’s a correspondingly high demand for Android and IOS –based apps. India’s emergence as a digital economy is imminent. And the country’s moving rapidly towards digitization in various important spheres such as governance, law & order as well as healthcare. In coming years, most Indians will depend heavily on mobile apps for various activities. And organizations are already under pressure to provide apps that ease various processes such as application for services and jobs.

Digital Marketing

By using digital marketing strategies businesses can create their online presence in the form of a website, increasing more traffic to their website, attracting the target customers, interacting with the end customers in real time, collaborating with other businesses for more promotions, all this in an extremely cost efficient way. Digital marketing has helped businesses create their brand value thereby increasing trust and confidence of their customers. This has led to tremendous increase in the demand for many skilled digital marketing professionals for every business, big or small.

Virtual Gaming

The gaming landscape, especially PC and console gaming in India, has changed over the last few years. The major credit for this can be given to the nationwide availability of high-speed internet connectivity. Not only has this contributed to the increasing number of online gamers but gaming is now being considered a viable career option in the country.

Emerging career options among Indian youth.

Empirical research by various trade organizations, media houses, and the Indian government clearly point towards a single fact: Youth can’t find jobs because they opt for traditionally favourite courses such as medicine, engineering and management. Rather than breaking away from the flock, study emerging trends and finding new generation careers, Indian youth pursue careers they wrongly believe would secure an excellent future.

Blogging

Blogging isn’t something that quirks with a flair for writing engage in. Instead, it’s a top class new generation career for youth. Blogging can help you get high-paying jobs with top companies or make money from home with minimal investment. All you require is passion or in-depth knowledge about a topic or field with creative writing and presentation skills.

Instagram Influencer

Almost every popular brand in the world is on Instagram. And for a reason too: this photo and video sharing website has over 800 million users worldwide. No business worth its name can afford to neglect Instagram as an effective marketing too. Nor can it overlook the importance of influencer marketing through Instagram.

Mobile Applications Developer

As cheaper smartphones and inexpensive mobile data packages flood the Indian market, there’s a correspondingly high demand for Android and IOS –based apps. India’s emergence as a digital economy is imminent. And the country’s moving rapidly towards digitization in various important spheres such as governance, law & order as well as healthcare. In coming years, most Indians will depend heavily on mobile apps for various activities. And organizations are already under pressure to provide apps that ease various processes such as application for services and jobs.

Digital Marketing

By using digital marketing strategies businesses can create their online presence in the form of a website, increasing more traffic to their website, attracting the target customers, interacting with the end customers in real time, collaborating with other businesses for more promotions, all this in an extremely cost efficient way. Digital marketing has helped businesses create their brand value thereby increasing trust and confidence of their customers. This has led to tremendous increase in the demand for many skilled digital marketing professionals for every business, big or small.

Virtual Gaming

The gaming landscape, especially PC and console gaming in India, has changed over the last few years. The major credit for this can be given to the nationwide availability of high-speed internet connectivity. Not only has this contributed to the increasing number of online gamers but gaming is now being considered a viable career option in the country.

World tourism day

At the beginning of 2022, there were twice as many
foreign visitors as there were in 2021. In some places, arrivals have even
surpassed pre-pandemic levels. Many millions of individuals around the world
will experience hope and opportunity when the last remaining travel
restrictions are lifted along with increasing consumer confidence.

The celebration of World Tourism Day comes at a time
when tourism is being acknowledged as a vital pillar of development and when
advancement is already well advanced. The United Nations General Assembly had a
special debate on tourism for the first time in May 2022, demonstrating the
industry’s historical importance. Governments and international organizations in every worldwide region are now focusing on tourism.



The UNWTO-led Glasgow Declaration on Climate Action in
Tourism has seen a surge of signatories, which demonstrates how destinations and
businesses are proactive in adjusting to meet challenges and responsibilities.

The International Observance Day for Tourism will place
people at the forefront of important topics. Where is travel headed? Where are
we headed? How do we get there, too?

This will be reflected in the topic, “Rethinking
Tourism.” It intends to stimulate discussion on how to rethink tourism for
development, particularly through employment and education, as well as the
industry’s impact on the environment and potential for more sustainable growth.

 

WHY
WE LOVE WORLD TOURISM DAY

1)
It creates jobs

Tourism has
become a solid source of employment, even in the most distant parts of the
world. 7.6 million employment were supported by the travel, tourism, and
hospitality industries in just the United States in 2015. Therefore, one in
every eighteen Americans works in the tourism sector. When properly handled,
tourism has the potential to increase employment in areas where it has
increased due to inevitable factors like automation.

2)
Its a money maker

International
tourists brought approximately $1.5 trillion in export revenue in 2015. For
smaller, less developed towns, this can be incredibly advantageous. The key to
ensuring that these revenues are shared among the community is the creation of
a sustainable tourism ecosystem. These regions are benefiting from the
implementation of clever tourist initiatives as a result of the WTO’s work.

3)It
creates a better world

Sure, you might
sigh a little when you see yet another lost traveler in your neighborhood,
but the truth is that seeing new areas and traveling is healthy for our minds
and for society as a whole. So, get to work on your next vacation!

 

Global
tourism industry

Today, one of the
economic sectors with the highest growth is the tourist sector. The tourism
sector has grown and expanded significantly in recent years. The arrival of
foreign tourists has dramatically increased over the last few decades. From 25
million in 1950 to 1.3 billion in 2019, it has increased significantly.
Additionally, the earnings have grown from $2 billion in 1950 to $1,260
trillion in 2015. One in ten jobs worldwide is provided by the tourism sector,
which is estimated to be worth 10% of the global GDP. Up until 2030, the UNWTO
anticipates a 3% yearly growth in the tourism sector.

 

Tourism
in India

The industry’s
projected value in India in 2018 was $240 billion, or 9.2% of the country’s
GDP. In India, the sector employs an estimated 42.6 million people.

According to
figures from the tourism ministry, 10.04 million foreign tourists visited India
in 2017.

International Day of Peace

 Every year on September 21, the world celebrates the International Day of
Peace. The United Nations General Assembly designated this day as a day to
promote the values ​​of peace by observing 24 hours of non-violence and
ceasefire.

But true peace requires much more than laying down arms. It requires
creating societies in which all members believe they can thrive. It means
building a world where everyone is treated equally, regardless of race.


As Secretary-General António Guterres has said:

“Racism continues to poison
institutions, social structures, and everyday life in every society. It
continues to be a driver of persistent inequality. And it continues to deny
people their fundamental human rights. It destabilizes societies, undermines
democracies, erodes the legitimacy of governments, and… the linkages between
racism and gender inequality are unmistakable.”

 

As wars
break out around the world, forcing people to flee, we have seen racial
prejudice at the borders. We’ve seen certain racial groups hit much harder than
others as COVID-19 continues to attack our neighborhoods. As economies weaken,
expressions of hatred and violence against racial minorities increase.

We are all responsible for promoting peace. And fighting racism is a vital
way to help.

We can try to destroy the structures that perpetuate racism among us. We
can help equality and human rights movements around the world. We have the
ability to speak out against hate speech both offline and online. Anti-racism
can be promoted through education and corrective justice.

The theme of the International Day of Peace for 2022 is “End Racism. Build
Peace”. We should all join the efforts of the United Nations to create a world
without racism and racial discrimination. A world where compassion and empathy
triumph over mistrust and hatred. A world we can be truly proud of.

History of the International Day of Peace

The United Nations General Assembly established the International Day of
Peace in 1981. In 2001, the General Assembly unanimously decided to declare the
day a period of non-violence and truce.

Events of 2022

On September 16, 2022, the United Nations headquarters observed the
International Day of Peace. The event began at 9:00 a.m. EDT with the
traditional Peace Bell ceremony in the Peace Garden. The Secretary General and
the President of the General Assembly rang the Peace Bell during the event.
Then, at 9:30 a.m. EDT, a youth meeting was held in the Economic and Social
Council (ECOSOC) Chamber, where more than 500 students met with the
Secretary-General and prominent artists and activists. Young people presented
initiatives that demonstrated their efforts to prevent racism and thereby
promote peace.

Major types of economic system in the world.

An economic system is a network that forms the economic relationships between individuals in society. In other words, how the people of a nation come together to create a complex whole and conduct economic transactions with each other.

An initial surge in demand can create a multiplying effect that ripples throughout the economy. This surge in demand sends a signal to the whole supply chain that more of these products are required, so more are made. An economic system can change the way by which these supply and demand signals transfer through society. For instance, some economic systems may be more restrictive and place tariffs or quotas on imports. In turn, this can affect the signal between, buyer, seller, and supplier.

These are broad types of economic systems but will capture the different varieties that exist in the world today.

Traditional Economic System

Out of the four types of economic systems, the traditional economic system is the most basic. There is no involvement by the government, so people are largely left to conduct economic activities without influence. However, it is a very basic system that relies on basic customs and traditions. Under a traditional economic system, subsistence is the main driver for economic trades, whilst profit is not the main motive. Instead, this system relies on communities and the cohesion between them to provide and sustain each other.

Socialism – Command economic system

A command economic system is often referred to as a socialist or communist system. Under this structure, power is centralised either to the government or a sole ruler. In turn, they decide the rules of the game and command how economic interactions take place. Under a command economic system, central powers own the means of production, so can, therefore, shift it to where they see fit. For instance, if the nation’s central powers want to start making more steel, they may move workers from a construction site and transfer them to a steel factory.

Capitalism – Market economic system

A capitalist economic system is where the means of production is owned and controlled by private enterprise rather than the government. Instead of government dictating what goods and services should be produced, these are driven by supply and demand mechanisms. The capitalist economic system relies on private individuals using capital to produce goods and return a profit. In turn, this increases the private enterprise’s capital stock. The issue with this however is that many individuals can amass great economic power and wealth. Not only does this create social discontent, but can also lead to unscrupulous business practices.

Mixed Economy

A mixed economy is one of the most common forms of economic systems in the world today. We see it in many developed nations such as the US, Japan, and throughout most of Europe. It is simply a mixture of capitalist and command economic systems. A mixed economic system often has some level of private ownership of the means of production. However, in a mixed economy, some industries are controlled by the government, whilst others are privately owned. 

Major types of economic system in the world.

An economic system is a network that forms the economic relationships between individuals in society. In other words, how the people of a nation come together to create a complex whole and conduct economic transactions with each other.

An initial surge in demand can create a multiplying effect that ripples throughout the economy. This surge in demand sends a signal to the whole supply chain that more of these products are required, so more are made. An economic system can change the way by which these supply and demand signals transfer through society. For instance, some economic systems may be more restrictive and place tariffs or quotas on imports. In turn, this can affect the signal between, buyer, seller, and supplier.

These are broad types of economic systems but will capture the different varieties that exist in the world today.

Traditional Economic System

Out of the four types of economic systems, the traditional economic system is the most basic. There is no involvement by the government, so people are largely left to conduct economic activities without influence. However, it is a very basic system that relies on basic customs and traditions. Under a traditional economic system, subsistence is the main driver for economic trades, whilst profit is not the main motive. Instead, this system relies on communities and the cohesion between them to provide and sustain each other.

Socialism – Command economic system

A command economic system is often referred to as a socialist or communist system. Under this structure, power is centralised either to the government or a sole ruler. In turn, they decide the rules of the game and command how economic interactions take place. Under a command economic system, central powers own the means of production, so can, therefore, shift it to where they see fit. For instance, if the nation’s central powers want to start making more steel, they may move workers from a construction site and transfer them to a steel factory.

Capitalism – Market economic system

A capitalist economic system is where the means of production is owned and controlled by private enterprise rather than the government. Instead of government dictating what goods and services should be produced, these are driven by supply and demand mechanisms. The capitalist economic system relies on private individuals using capital to produce goods and return a profit. In turn, this increases the private enterprise’s capital stock. The issue with this however is that many individuals can amass great economic power and wealth. Not only does this create social discontent, but can also lead to unscrupulous business practices.

Mixed Economy

A mixed economy is one of the most common forms of economic systems in the world today. We see it in many developed nations such as the US, Japan, and throughout most of Europe. It is simply a mixture of capitalist and command economic systems. A mixed economic system often has some level of private ownership of the means of production. However, in a mixed economy, some industries are controlled by the government, whilst others are privately owned. 

FirstCry – The Startup Story

 

FirstCry –
The Startup Story

 

 

The Founder

 

In 2010, Supam Maheshwari launched FirstCry.
Supam graduated from IIM Ahmedabad with a degree in engineering from Delhi
College of Engineering. First-generation business owner that was driven to
create something on his own, he founded FirstCry voyager. He is a founder of
XpressBee, one of the biggest logistical platforms in the nation.

 

What is FirstCry?

 

FirstCry is a dedicated baby and children’s merchandise
e-commerce website. More than 2 lakh products are available on this site in
many categories, including diapers, toys, clothing, and accessories.
Additionally, this industry titan in e-commerce provides mother care products,
such as food, nursing, skin, and wellness items.

 

The idea and foundation of FirstCry’s
inspiration

 

Supam’s love for creating his own things inspired him to
launch the First Cry. Supam had the concept for FirstCry after he observed that
there were few options for infant supplies on e-commerce platforms in India.

 

He saw this as a chance to develop a platform specifically
for infants and young children. It results in FirstCry’s initial conception.
Supam estimates that the baby and children’s sector in India generates a
revenue of about 50,000 INR crore after conducting additional research. What’s
more intriguing is that the offline market accounted for 95% of the total
revenue.

 

Challenges which Appeared During the
Commencement

 

India’s FirstCry launched its baby care e-tailing business
in December 2010. The business was started by Supam with a seed investment of roughly
25 million INR. He overcame every obstacle in a variety of fields, including
payment gateway and logistics. Across the nation, there was tremendous
competition in the marketplace for new clients.

 

Collaborations and the
First Milestone for FirstCry

 

First Cry previously used an inventory-based paradigm. With
their four ware house situated in Pune, Delhi, Bangalore, and Kolkata, they
were exclusively managing the logistics of goods within the nation. Later, they
also began adding different sellers to the FirstCry portal, giving them the
chance to offer their goods on its marketplace.

 

Additionally, FirstCry just debuted its BabyHug clothing
line and CuteWalk shoe line. They have also gained control of Babyoye, a
Mahindra platform for infant products in 2016.

 

The FirstCry worked with Masala Baby, a lifestyle,
children’s, and infants-focused business with headquarters in New York.

 

The Current Growth
Status of FirstCry


Amitava Saha, co-founder and chief operating officer, and
Supam Maheshwari, co-founder and chief executive officer, recently added
SoftBank, a major Japanese internet and telecom company, to their list of
principal investors.

 

These additional funds will probably be used to strengthen
FirstCry’s technological platform and increase its offline and online
visibility. The whole amount raised will raise the First Cry’s estimated value
to $800 million.

 

Right now, FirstCry is the biggest online retailer for
children in Asia. Over 300 of their offline franchise locations are spread over
100 different cities in India.

 

Trends in the Babycare and Mom Products Market
Have Changed

 

As was already indicated at the beginning of the essay,
there is a significant changeover in the Indian baby and children’s market.
However, the nation is currently becoming much more urban with a rise in
nuclear families. Most parents today have two incomes, so they are more likely
to spend the extra money on their kids. The number of children’s items with the
correct brand image and superior quality will inevitably increase.

 

Mothers in particular choose stylish and casual clothing
for their children with new party and function dress. Children today are
exposed to a variety of media, and as a result, they are more aware of their
brands. Children are also actively making decisions about their clothing in
another way.

 

As a result, FirstCry acquired a product inventory of
varied items from over a thousand Indian and foreign brands. It carries some of
the most well-known children’s product brands, such as Barbie, Hot Wheels,
Disney, and Pampers.

 

Baby and kid markets: specialized or
overloaded?

 

The market for baby and children’s products is still
underdeveloped. However, FirstCry is looking for a niche in which it may
develop an entrepreneurial environment for parents. The business makes sure to
provide the top brands and quality products available.

 

FirstCry is making a lot of effort to make sure that
customers can easily access both its online and physical stores. Additionally,
they are constantly improving its FirstCry Box campaign for wide-scale
awareness to quickly reach their clients.

 

FirstCry – The Vision

 

In order to increase its offline market, The
First Cry is looking for an aggressive strategy. FirstCry intends to continue
seeing annual growth of above 100%.

The ultimate goal of First Cry is to dominate
the Indian market for baby items.

Currently, FirstCry’s key priorities are
innovation, improvement, and effectiveness for its consumers’ improved buying
experiences. According to FirstCry, there is room for high-quality baby
boutiques within 5 km of every Indian city. They are therefore attempting to
close this gap by increasing their outlets.

 

India’s Foreign Direct Investment(FDI) to be accumulated to whopping $100 billion by the end of this fiscal year.

India is on track to attract $100 billion in foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on September 24, 2022.

In 2021-22, the country received the “highest ever” foreign inflows of $83.6 billion.

“This FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors in the country. On the back of economic reforms and Ease of Doing Business in recent years, India is on track to attract $100 billion FDI in the current FY (financial year),” the commerce and industry ministry said in a statement.

The statement also mentions that the government has installed a liberal and transparent policy to attract foreign investment. Currently, most sectors of the Indian economy are open to FDI under an automatic route.

The Foreign Direct Investment (FDI) in India can be made under two routes- automatic and government routes. Under the automatic route, the investor requires no or very less permissions from the Reserve Bank of India (RBI) or from the Government of India to invest.

Under the government rules, permissions from the appropriate authorities of the government or the RBI are required to invest in the country.

The reform measures include liberalization of guidelines and regulations, in order to reduce unnecessary compliance burdens, bring down costs and enhance the ease of doing business in India, the statement added.

Make in India initiative is an open invitation to potential investors and partners across the globe to participate in the growth story of ‘New India’. Make In India has substantial accomplishments across 27 sectors. These include strategic sectors of manufacturing and services as well. Production Linked Incentive (PLI) scheme across 14 key manufacturing sectors, was launched in 2020-21 as a big boost to Make in India initiative.

India's Foreign Direct Investment(FDI) to be accumulated to whopping $100 billion by the end of this fiscal year.

India is on track to attract $100 billion in foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on September 24, 2022.

In 2021-22, the country received the “highest ever” foreign inflows of $83.6 billion.

“This FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors in the country. On the back of economic reforms and Ease of Doing Business in recent years, India is on track to attract $100 billion FDI in the current FY (financial year),” the commerce and industry ministry said in a statement.

The statement also mentions that the government has installed a liberal and transparent policy to attract foreign investment. Currently, most sectors of the Indian economy are open to FDI under an automatic route.

The Foreign Direct Investment (FDI) in India can be made under two routes- automatic and government routes. Under the automatic route, the investor requires no or very less permissions from the Reserve Bank of India (RBI) or from the Government of India to invest.

Under the government rules, permissions from the appropriate authorities of the government or the RBI are required to invest in the country.

The reform measures include liberalization of guidelines and regulations, in order to reduce unnecessary compliance burdens, bring down costs and enhance the ease of doing business in India, the statement added.

Make in India initiative is an open invitation to potential investors and partners across the globe to participate in the growth story of ‘New India’. Make In India has substantial accomplishments across 27 sectors. These include strategic sectors of manufacturing and services as well. Production Linked Incentive (PLI) scheme across 14 key manufacturing sectors, was launched in 2020-21 as a big boost to Make in India initiative.