Despite the softer expansions in output and new orders, companies across India remained optimistic about business growth over the coming year
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India aims to emerge as an economic superpower and developed nation by 2027, yet USD 4 trillion and USD 5 trillion gross domestic product (GDP) targets remain elusive, despite robust economic growth
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The dialogue took place during a meeting between Indian Commerce and Industry Minister Piyush Goyal and Myanmar’s Minister of Investment and Foreign Economic Relations, Kan Zaw, at the 12th East Asia Summit Economic Ministers' Meeting in Vientiane, Laos
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The sector is expected to grow at a compounded annual growth rate (CAGR) of 8 to 10 per cent from the financial year (FY) 2024 to FY30, surpassing GDP growth during this period
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With over 3,600 startups, the sector faces a steep decline in investment and significant knowledge gaps between founders and investors
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Discussions also covered collaboration in multilateral and international organisations, as well as a commitment to increasing the frequency of trade, cultural, and educational exchanges
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Crisil Ratings says that the policy changes are going to aid export volume growth and credit profiles to remain stable
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"The bond markets may witness comparatively better inflows due to rate differentials trajectory continuing (and GoI sticking to lower fiscal deficit targets)," the report says
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As per the report, the analysts believe there is more upside to come, as the market has yet to fully reflect the robust fundamentals that underpin it
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This is the second rollover granted by the Indian government this year, following the first rollover of a USD 50 million Treasury Bill in May
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