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India Weekly Update with Tom Thomas

VOLUME 1/ISSUE 26 - July 9th 2021

· News from Scotland and Beyond
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FITCH CUTS INDIA”S GROWTH FORECAST TO 10%: Ratings agency Fitch cuts India’s Growth forecast to 10% and says rapid vaccination is key to recovery steps of a pandemic battered economy.

Indian IT Industry will see double digit growth in FY ’22 says Azim Premji: Indian IT Industry will see double digit growth, hybrid models work well says Azim Premji.

Cairn Energy Indian Government matter update: Here are the latest developments on the Cairn Energy and Indian Government matters.

Indian E-commerce Industry expects to reach $188 Billion in 2025 according to a FICCI report: Indian Ecommerce Industry to touch $188 Billion by 2025 says FICCI - the Federation of Indian Chambers of Commerce and Industry

"Now, consumers are no longer turning to online commerce as an alternative buying channel - its massive growth, projected to reach $188 billion in 2025 from $64 billion in 2020, is signaling to its solidification as the default, primary buying channel for many,"FICCI Report

OFF-BEAT: NEW APP DEVELOPED HELPS CITIZENS OF BENGALURU MAP TREES IN THEIR NEIGHBOURHOODS: The Karnataka State Forest Department and the Karnataka State Electronics Development Corporation have developed an app that enables citizens of Bengaluru to map trees in their locations


“This financial year (FY22), I’d not be surprised if the industry grows in very decent double digits” Azim Premji, Founder & Chairman Wipro

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