Economy ‘bouncing back’, set to record highest-ever exports of $550 billion in 2021-22: Piyush Goyal
The Hindu
Trade fair starting on Sunday will tell the world that ‘India is back in business’, he says
The economy is “bouncing back” strongly with festive sales hitting highs “not seen in a long time” and is set to record the highest-ever exports of $550 billion in 2021-22, Commerce, Industry and Textiles Minister Piyush Goyal said on Sunday.
Merchandise exports stood at $235 billion for the first seven months of the year and are “well on track” to hit $400 billion, while Services exports are expected to go up to about $150 billion, Mr. Goyal said at the launch of the India International Trade Fair.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











