Trends

Trends

Quick commerce driving blue-collar employment; India to see demand for 2.4 mn jobs by 2027

TFW Bureau Jan 10, 2025 - 3 min read

The rapid rise of quick commerce is anticipated to create a substantial increase in the need for blue-collar workers, with India projected to require 2.4 million jobs by 2027, according to job matching and hiring platform Indeed. Quick commerce companies hired over 40,000 employees in the last quarter to handle increased festive shopping and e-commerce ...

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India's economy growing at 6.4% in 2024-25, slowest in 4 years: Govt data

TFW Bureau Jan 08, 2025 - 2 min read

India’s economic growth rate is estimated to slip to a four-year low of 6.4% in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. The gross domestic product (GDP) rate of 6.4% will be the lowest since the Covid year ...

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Five Reasons to Choose Franchising Business in 2025

Beny Sachdeva Dec 28, 2024 - 4 min read

Franchising, universally acknowledged as a catalyst for accelerated expansion, has emerged as a leading business model across various industries in India. With the country’s unemployment rate recorded at 9.2% as of June 2024 (according to the Centre for Monitoring Indian Economy), more people are exploring franchise-led business opportunities. This model appeals to entrepreneurs due ...

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Zomato and Blinkit year end wraps: How India ate and ordered in 2024

Beny Sachdeva Dec 28, 2024 - 3 min read

Zomato, India’s food ordering and delivery platform and Blinkit, a quick commerce entity have announced their 2024 - year end wraps, offering a glimpse into the most popular food choices and ordering trends across India in 2024. Zomato Lookback: How India Ate in 2024 From the overwhelming popularity of biryani to quirky and heartwarming anecdotes, ...

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Reforms In Customs Duties Will Promote Export Competitiveness: Sitharaman

Opportunity India Desk Jul 23, 2024 - 3 min read

The Budget proposals for Customs Duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation, while keeping the interest of the general public and consumers surmount, said Union Minister of Finance and Corporate Affairs Nirmala Sitharaman in her Budget speech in Parliament today. New Customs Duty rates are proposed ...

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PM Package Worth Rs. 2 Lakh Crore for Employment, Skilling And Other Opportunities Announced

Opportunity India Desk Jul 23, 2024 - 4 min read

- This scheme is expected to benefit 2.1 crore youth over 2 years and will provide one-month wage to all persons newly entering the workforce in all formal sectors. - The eligibility limit will be a salary of Rs. 1 lakh per month. - Direct benefit transfer of one-month salary will be up to Rs. ...

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Government Proposes Eight New Measures In Support For Promotion Of MSMEs

Opportunity India Desk Jul 23, 2024 - 7 min read

As anticipated, the government has announced an all-round and continuous support to strengthen the backbone of the Indian economy, the Micro, Small and Medium Enterprises (MSMEs) sector on Tuesday during its budget presentation for FY 2024-25. From Credit Guarantee to increased MUDRA loan to stress fund and new SIDBI branches in MSME clusters, Union Finance ...

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Union Budget 2024: 30 Crore Mudra Loans Given To Women Entrepreneurs, Says Sitharaman

Opportunity India Desk Feb 01, 2024 - 2 min read

Presenting the Union Budget 2024 on Thursday, Finance Minister Nirmala Sitharaman highlighted the significant impact of the Pradhan Mantri Mudra Yojana, informing that 43 crore Mudra loans totaling INR 22.5 crore have been sanctioned, with 30 crore loans specifically benefiting women entrepreneurs. Sitharaman emphasized the role of the PM Mudra Yojana in supporting ...

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Union Budget 2024: Sitharaman Unveils Pro-MSME Strategies; INR 1 Lakh Crore Innovation Corpus

Opportunity India Desk Feb 01, 2024 - 1 min read

In her sixth budget speech, Finance Minister Nirmala Sitharaman emphasized the government's commitment to supporting micro, small, and medium enterprises (MSMEs) in their global growth endeavors. Despite the absence of new announcements on credit access, technology adoption, or GST for small businesses, Sitharaman outlined key strategies during the Amrit Kaal for promoting the ...

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Industry Experts Weigh In On FinMin's Budget: A Mix of Positives And Unmet Expectations

Opportunity India Desk Feb 01, 2024 - 6 min read

In response to the recently presented Interim Union Budget for the fiscal year 2024-25, industry experts from various sectors have shared their perspectives on the government's financial proposals. While some have lauded certain aspects, others have expressed concerns about unmet expectations. Real Estate Sector The Interim Budget for 2024 ...

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