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In the fiscal year 2023–2024, defence exports totalled ₹21,083 crores (about $2.63 billion), a 32.5 per cent increase from the previous fiscal year. [43] The data also show a 31-fold increase over the previous ten years when compared to 2013–14.
The 2024 Union Budget of India [1] was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term . [ 2 ]
1 May- A 20 year NEET aspirant named Bharat Kumar Rajput dies by suicide in Kota, Rajasthan leaving behind a suicide note. [61] [62] [63] 4 May – Minister of External Affairs S. Jaishankar rejects comments made by US President Joe Biden saying that India's economic growth was being held back by xenophobia. [64]
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
India has growing data centre industry. Data centres are used for national security, internet infrastructure, and economic output. As of 2024, India's data centre capacity is at 950 MW, which is expected to be 1800 MW by 2026. [1] The data centre industry is valued at US$1.2 billion in 2021, a 216% growth from $385 million in 2014.
The Ministry of Finance has proposed a 71% increase in funding to ₹13,104.50 crore for the manufacturing of chips and electronics in the 2024 Union budget of India. [104] In 2024, the Government of India has approved the establishment of four semiconductor manufacturing units in the country as part of the Semicon India Programme. Additionally ...
For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015. [needs update] However the growth rate subsequently decelerated, to 7.1% and 6.6% in 2016–17 and 2017–18 respectively, [181] partly because of the disruptive effects of 2016 Indian banknote demonetisation and the Goods and Services Tax (India ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...