India’s merchandise exports jump by 17.25% in Oct
The trade deficit was widened to USD 27.14 billion. Imports increased by 3.9% to USD 66.34 billion in October compared to USD 63.86 billion in the year-ago period.
India will lead the fourth industrial revolution with the telecom and IT industry coming together to lay the foundation of empowering 1.3 billion Indians, Reliance Industries Chairman Mukesh Ambani said here on Wednesday.
Speaking at the first-ever ‘India Mobile Congress 2017′ in the Capital, Ambani said that the Indian economy has grown unparalleled and in the next 10 years, it will reach $7 trillion from the current $2 and a half trillion where, the Indian telecom and IT industry will play a key role in creating digital transformation.
“Data is the new oxygen, new oil for 1.3 billion Indians. Our aim is to not only provide high-speed data at affordable prices but also affordable smartphones to help people connect better with the Internet,’ Ambani told the gathering.
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According to him, 4G coverage will take over 2G connectivity in India in the next 12 months.
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