Cash in circulation (CIC) in the Indian economy has risen sharply since demonetisation. CIC, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21. Five years after demonetisation, most fintechs remain loss-making and must spend millions more to acquire customers and merchants. But cash—anonymous, convenient and handy—is still preferred by the average Indian.
Power consumption in the country rose to 70.66 billion units (BU) during April 1-15 this year from 64.24 BU during the same period last year
The chamber estimates that the contribution of services to India’s GDP will be 54%, followed by industry (34%) and agriculture (12%) in 2047.
Looking ahead, industry observers foresee a pivotal role for AI PCs in shaping the trajectory of the PC market in 2024
The Indian IT sector's spending is forecasted to hit $138.9 billion in 2024, up from $122.6 billion the previous year, marking a robust growth rate of 13.2%
Power consumption in the country rose to 70.66 billion units (BU) during April 1-15 this year from 64.24 BU during the same period last year
The chamber estimates that the contribution of services to India’s GDP will be 54%, followed by industry (34%) and agriculture (12%) in 2047.
Looking ahead, industry observers foresee a pivotal role for AI PCs in shaping the trajectory of the PC market in 2024
The Indian IT sector's spending is forecasted to hit $138.9 billion in 2024, up from $122.6 billion the previous year, marking a robust growth rate of 13.2%
Leave a Comment
Your email address will not be published. Required field are marked*