The United Nations has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year, mainly driven by strong public investment and resilient private consumption.
The Agricultural and Processed Food Products Export Development Authority (APEDA) and the Directorate of Horticulture with support from Palladium as the technical support unit (TSU) of the Promotion and Stabilization of Farmer Producer Organizations (PSFPO) project joined forces to redefine the market linkage of Farmer Producer Organizations (FPOs) in Odisha.
India's rise in trade with Russia should not be seen as a 'temporary phenomenon' as more economic opportunities are emerging, India's foreign minister S Jaishankar said on Friday.
India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world's fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a 'very good' growth rate for India, given various constraints, including the country's weak exports.
Amid a significant appreciation of the US dollar and the imposition of export duties by India, traders in Bangladesh have shown reluctance to import onions.
The Federation of Indian Export Organisations (FIEO) expects India’s merchandise exports increase around 14% to $500-510 billion in FY25 from $437 billion in 2023-24, led by technology driven sectors of exports such as machinery, electrical and electronic, automobile, pharma and biotechnology which have received a fillip from the production-linked incentive schemes.
Technology is possibly not the first thing that we consider while discussing issues in the food industry. But today, with the advancement of artificial intelligence (AI), automation has become an aspect that you just can't ignore while considering food production and distribution.