India Weekly Update with Tom Thomas

VOLUME 1/ISSUE 26 - July 9th 2021

· News from Scotland and Beyond

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

Quote-Unquote

“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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