Indian Economy: News and Discussion

sauntheninja

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Chandragupt Maurya

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Solar panels have become cheap almost everyone Can afford it but it should be get cheaper and more efficient
 
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sorcerer

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For the first time, Agri Exporters from the remote Districts of India connected to the international buyers from USA, the UAE, and Japan


Virtual trade fair organised by DGFT sees 197 exhibitors from the states of Punjab, Himachal Pradesh, and Union Territories of Jammu & Kashmir and Ladakh showcase their products to 300 visitors and importers from domestic and international buyers

DGFT conducts a Virtual Outreach Event “From India to the World” under Districts as Export Hubs


Posted On: 30 JUL 2021 8:11PM by PIB Delhi



Under the Districts as Export Hubs initiative, the Directorate General of Foreign Trade (DGFT) under Department of Commerce in partnership with the Agricultural and Processed Food Products Export Development Authority (APEDA) and Invest India conducted a 2 Day Virtual Outreach Event connecting exporters from the Districts to the buyers outside India. Following the opening ceremony, a virtual trade fair was held where 197 exhibitors participated from the states of Punjab, Himachal Pradesh, and Union Territories of Jammu & Kashmir and Ladakh. The event provided a platform to small sellers from areas earlier not known for exports, apart from large exporters from India. 28 stalls from Jammu and Kashmir and 5 from Ladakh were highlighted in the exhibition.


The virtual outreach event saw a footfall of over 300 visitors and importers from domestic and international buyers inclusive of the USA, the UAE, and Japan. Putting a spotlight on agricultural products under five categories namely spices and tea, food grains and agro-products, fruits and vegetables, dry fruits, and processed food, three buyer-seller interactive sessions were held with the support of Indian Embassies from the USA, the UAE, and Japan. Few leading supermarkets such as Spinney, Walmart, and Lulu also participated during the interactive sessions and showed keen interest in India’s agricultural products.


The event marked the beginning of a series of events to be held to boost India's exports and commemorate 75 years of India Independence under the Districts as Export Hubs initiative.
 

sorcerer

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India is head and shoulders above the US and China - the two biggest economies in the world - when it comes to digital transactions, claimed IT Minister Ashwini Vaishnaw.


As per the Reserve Bank of India – Digital Payments Index (RBI-DPI), digital transactions have been growing leaps and bounds. As per the central bank, the index stood at 270.59 in March 2021 as against 207.84 for March 2020 and 153.47 in March 2019. It takes March 2018 as its base period, marking the score for the index at 100.

 

RoaringTigerHiddenDragon

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India is head and shoulders above the US and China - the two biggest economies in the world - when it comes to digital transactions, claimed IT Minister Ashwini Vaishnaw.


As per the Reserve Bank of India – Digital Payments Index (RBI-DPI), digital transactions have been growing leaps and bounds. As per the central bank, the index stood at 270.59 in March 2021 as against 207.84 for March 2020 and 153.47 in March 2019. It takes March 2018 as its base period, marking the score for the index at 100.

This is why Google wants US Fed to adopt Indian digital payments model. This shows no one can beat India in bringing technology to business services and scale it for masses. This is why we are miles ahead of any other nation on the planet (except the US) in digital services. Demonetization was a major push for this.

 

ym888

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This is why Google wants US Fed to adopt Indian digital payments model. This shows no one can beat India in bringing technology to business services and scale it for masses. This is why we are miles ahead of any other nation on the planet (except the US) in digital services. Demonetization was a major push for this.

I doubt it

China's digital transactions are the largest in the world
 

Lonewolf

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Probably not. China is not technologically sophisticated enough to have a large digital infrastructure. China lags behind India in a lot of technologies.
Actually they are ,but not in aort of day to day adoption but major chunk comes from gov to buisness deals , the bigger deals are digital and as they are giants in manufacturing ,this alone makes them good at digital economy, but day to day adoption isn't that great
 

ym888

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Actually they are ,but not in aort of day to day adoption but major chunk comes from gov to buisness deals , the bigger deals are digital and as they are giants in manufacturing ,this alone makes them good at digital economy, but day to day adoption isn't that great
In China,

You just need a smartphone to do anything
 

Lonewolf

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In China,

You just need a smartphone to do anything
But how much people use it , is a different thing , isn't it ?? There are many tech which haven't seen mass adoption yet , even though they are much economical
 

Lonewolf

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In China,

You just need a smartphone to do anything
For eg ,india had 25 billion transaction as mostly transaction are done by normal people , and some part is government , but china has 15 billion transaction ,even though they were first one in this game among us
 

ym888

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For eg ,india had 25 billion transaction as mostly transaction are done by normal people , and some part is government , but china has 15 billion transaction ,even though they were first one in this game among us
I searched the data and found a statistical error


The number of wechat Pay transactions in 2019 was 550.8 billion
 
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Lonewolf

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I searched the data and found a statistical error


The number of wechat Pay transactions in 2019 was 550.8 billion
Amount or number of transaction and in which currency terms , and how many were b2b transaction and how many were person2person transaction
 

RoaringTigerHiddenDragon

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In China,

You just need a smartphone to do anything
Not really…you need servers and data centers protected by high quality power systems. Plus you need good quality encrypted POS terminals and fraud checking algorithms. China is behind India in several such technologies including IT. Just because China builds a large number of nuts and bolts doesn’t mean China can compete with India in certain areas.
 

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