India to save $50 bn if logistics costs cut down
The Dollar Business Bureau If the logistics costs are lowered from the current 14 percent to 9 percent of the gross domestic product (GDP), India can save around $50 billion, revealed a joint study by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Resurgent India. According to the study, the reduction in logistics costs would further make domestic goods more competitive in the international markets. With various initiatives of the government to promote manufacturing sector in the country, the logistics industry can achieve a growth rate of 16 percent in the coming years. “‘Make in India’ campaign would attract new flow of investments that connect the country with international production networks. This would support Indian logistics sector in generating more business. ...
FDI up to 74% can make Indian defence self-reliable: Study
The Dollar Business Bureau The Government of India (GoI), needs to raise cap on Foreign Direct Investment (FDI) in order to achieve self-reliance in the defence sector. This was stated by the study titled ‘Self-reliance in defence production: The unfinished agenda,’ jointly done by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) and PricewaterhouseCoopers (PwC), a global advisory firm. The ASSOCHAM-PwC joint study says that the recent increase of FDI cap in defence to 49% may not succeed fully in drawing investments and advanced technology into the sector. In this regard, the study suggests ‘allowing 100% FDI in defence sector, if not, at least 74%, in order to facilitate the ways for capital inflows and setting up of ...
Online spending in India to jump 67% in 2015: Study
Sachin Manawaria | The Dollar Business The annual spending on online purchases in India is projected to grow by 67% to Rs.10,000 from per person in 2015 from Rs.6,000 in 2014, says the recently concluded study conducted by Associated Chambers of Commerce & Industry of India (ASSOCHAM) and PwC. The study says that around 40 million consumers purchased online products in 2014, and the numbers are expected to go up to 65 million in the coming year. Better infrastructure, logistics, broadband and internet ready devices will drive the demand of online spending further in India next year. According to the study, the e-commerce market in India is valued at $17 billion and is growing at a CAGR of around ...
