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India Weekly Update from Tom Thomas

June 4th, 2021 – VOLUME 1/ISSUE 21

· News from Scotland and Beyond
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INDIA’S GDP CONTRACTS: MANUFACTURING AND CONSTRUCTION SECTORS LEAD REVIVAL IN Q4: The impact of the vicious pandemic second wave on India is showing as India’s GDP contracts. The silver lining is sectors like manufacturing and construction leading the revival.

“MAKE IN INDIA” MORE ITEMS FOR THE DEFENCE SECTOR TO BE MANUFACTURED IN INDIA: The Indian Ministry of Defense seeks to manufacture more items for the defense sector in India

INDIA AMONG TOP MARKETS FOR CLUBHOUSE: Within weeks of launch, India has merged as one of the op markets for Clubhouse

50,000 INDIAN STARTUPS RECOGNISED: The Startup India Scheme has recognized 50,000 startups in India

"The really exciting thing is seeing people within Indiameeting people from other parts of India.." Paul Davison, Clubhouse Founder

RESERVE BANK OF INDIA CLARIFICATION ON BITCOIN ANDCRYPTOCURRENCY TRADING: The Reserve Bank of India has issued aclarification on Bitcoin and Cryptocurrency trading.


“The ministry isnow ready to takeforward the initiative of selfreliant India.” Rajnath Singh, Indian Defence Minister

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