Global Scans · India · Weekly Summary

WHAT'S NEXT?: India's ambitions, particularly in technology and economic growth targets promise much from this populous country determined to be a world leader.

• [New] With the introduction of the PPT test in the India-Mauritius tax treaty, tax authorities in India are expected to scrutinize transactions more closely. Mint
• [New] Germany will remain among the world's top ten steel-consuming regions together with China, India, United States, South Korea, Japan, Russia, Turkey, Mexico and Brazil. EUROMETAL
• [New] The ADB's growth forecast for the 2024-25 fiscal year is in line with the projections made by the Reserve Bank of India. Mint
• [New] India is well on its way to meet the 500 GW of renewable energy capacity and the climate commitment made in the Paris conference by 2030. Newsweek
• [New] In air cargo, Red Sea-driven disruptions to ocean freight are still pushing some volumes to the air out of India, though demand is easing somewhat. Freightos
• [New] There are elections to navigate first - in the US, India, and South Korea - that could introduce new uncertainty. Founders Forum Group
• [New] Some economists predict that by 2050, Brazil, India, Indonesia, and Mexico will be among the seven largest economies in the world. Carnegie Endowment for International Peace
• [New] Adani TotalEnergies E-Mobility Limited's and MG Motor India's partnership to develop charging infrastructure marks a significant milestone and will play a crucial role in accelerating India's energy transition. The Shillong Times
• [New] Adani Group will invest Rs 2.3 trillion through 2030 in India's renewable energy expansion, including solar and wind manufacturing capacity addition to pursue its growth plans. Projects Today
• [New] The demographic dividend in India presents various opportunities related to economic growth due to increased economic activities from a higher working-age population and lower dependent population. IASbaba
• [New] As we step into 2024, the Indian real estate sector stands at a pivotal juncture, brimming with potential for growth and development. Real Estate Trends | Market Size | Expert Advice and In
• [New] India is expected to have a record 2024, surpassing mature renewables markets in Europe like Germany and Spain, but five out of the top 10 markets remain in Europe. Energy Connects
• [New] The Reserve Bank of India cautioned Monday that ongoing climate change could cause frequent inflationary shocks of inflation that could lead the Indian government to tighten monetary policy. Salon
• [New] The state-run Food Corporation of India is expected to buy 31 million - 32 million metric tons of wheat from domestic farmers in 2024 against 26.2 million metric tons in 2023. MarketScreener
• [New] Adani Group will invest about Rs2.3 lakh crore through 2030 in India's most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. The Hindu
• [New] The danger for India is that, given the strong China-Pakistan Alliance that threatens its north-western borders, including its exit to the Arabian Sea, a possible China - Bangladesh Alliance would eventually encircle India from the south-east as well. Atalayar
• [New] India aims to increase the share of rail in freight transport to 45% by 2030 and targets a 30% share of electric light-duty vehicle sales by 2030. Drishti IAS
• [New] The EU and India have set modal shift targets for waterways, with the EU targeting 25% more by 2030 and India aiming to double the current 6% share by 2025. Drishti IAS
• [New] China will use content generated through artificial intelligence to try and disrupt Lok Sabha polls in India, along with polls in US and South Korea. StratNews Global
• [New] Chinese state-backed cyber groups, with support from North Korea, will attempt to target polls in India, the United States and South Korea. India Today
• GIB is now wholly owned by Aon and will formally integrate with Aon India Insurance Brokers (AIIB) following the finalization of the National Company Law Tribunal merger process which is expected later this year. Media Outreach
• India needs to grow at only 6% per year in current dollars, and the other two economies at 2%, for India to become the world's No. 3 economy by 2028. The Indian Express

Last updated: 14 April 2024