India - Partner In Growth
Welcome to the October 8, 2015 bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C.
YouTube Facebook Twitter
India's Intended Nationally Determined Contribution: Working Towards Climate Justice
India said it intends to reduce the emissions intensity of its GDP by 33 to 35 per cent by 2030 from 2005 level. This commitment is further echoed in India's actions in climate change adaptation with setting up its own National Adaptation Fund. India said its (Intended Nationally Determined Contribution (INDC) is fair and ambitious considering that it is attempting to work towards low carbon emission pathway while endeavouring to meet all the developmental challenges.  
Roads Ministry to Compensate Private Investors for Delays 
The Government will soon unveil a compensation policy for private investors in the roads sector, which will seek to compensate companies for clearance-related delays in projects. This will provide builders the comfort to invest in road-building that is high on the Government's priority list. 


Govt. Launches Online Portal for the National Monument Authority  
The Minister for Culture, Tourism and Civil Aviation has launched an online portal which is an initiative for streamlining of approval procedure for construction related activities in the vicinity of protected monuments in India.

Firms Can Raise Up to $750 Million Via Rupee Bonds
Rupee-denominated bonds with minimum five years maturity can be issued by any corporation or corporate body overseas to raise up to $750 million per year under the automatic route, according to the Reserve Bank of India. 

Airports, Train Stations, Buildings to Become Accessible 
The Government will make all airports, major railway stations and 4,000 key buildings accessible to differently-abled individuals. As part of its Accessible India campaign, 75 large railway stations and international airports will be made accessible by July 2016, while domestic terminals by July 2019. 

India Up 16 Spots on Global Competitive Index 
India has jumped 16 places to 55th in the World Economic Forum's ranking of the most competitive economies. "This dramatic reversal is largely attributable to the momentum initiated by the election of Narendra Modi, whose pro-business, pro-growth and anti-corruption stance has improved the business community's sentiment toward the government," the group said in its report. 

The World Bank has maintained India's growth forecast for the year, saying India will grow 7.5 percent in the current fiscal year, same as its June forecast. "Led by a resilient India, South Asia is expected to maintain its lead as the fastest growing region in the world," the World Bank said in its report.

Report: India Dominates Air Traffic Growth
India continued to post strong air traffic growth in August, beating the top six domestic airline markets in the world. According to the International Air Transport Association, traffic in India grew 18.3 percent in August, highest among top domestic airline markets, including China.
Report: Indo-U.S. Trade Can Reach $500 Billion by 2025 
With India emerging as the most sought-after developing market and an important partner for the U.S., the bilateral trade between the two countries is likely to reach $500 billion by 2025, according to a survey conducted by PwC and Indo American Chamber of Commerce.

Facebook already has 132 million Indian users, trailing only the U.S. But Facebook's presence in India runs even deeper. WhatsApp, the messaging service that Facebook bought last year for nearly $22 billion, has become the most popular app in the country, offering free texting and free phone calls in a place where many people earn just a few dollars a day.