By Ira Dugal and Siddhi Nayak MUMBAI (Reuters) – State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country’s largest lender said. The Indian… Continue reading We bet on private capex to grow corporate credit, says SBI chairman
Tag: grow
Saudi Arabia city of future Neom plans to grow crops in the desert
Saudi Arabia is teaming up with a Dutch greenhouse company to create “a synthetic climate” to make the desert bloom. It’s carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom (artist image pictured), an entirely new city being built on the… Continue reading Saudi Arabia city of future Neom plans to grow crops in the desert
Enkash expects business to grow by 36% to Rs 250 crore this fiscal
Illustration: Ajay Mohanty Fintech firm Enkash expects its business to grow by 36 per cent to USD 30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told… Continue reading Enkash expects business to grow by 36% to Rs 250 crore this fiscal
India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
Expressing confidence in the medium-term growth potential of the Indian economy, S&P Global has projected an average annual growth of 6.7 per cent from the fiscal year 2023-24 (FY24) to FY31. The report points to capital accumulation as the main driver of this growth. In a report titled ‘Look Forward: India’s Moment,’ S&P… Continue reading India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
Per capita income to grow nearly 70% to $4,000 by FY30 from $2,450 in FY23
The country’s per capita income is likely to grow by close to 70 per cent to USD 4,000 by fiscal 2030 from USD 2,450 in fiscal 2023, helping it become a middle-income economy with USD 6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. … Continue reading Per capita income to grow nearly 70% to $4,000 by FY30 from $2,450 in FY23