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Economic Newsletter : April 2019

Economic

 Focus Issues  High Impact News
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Growing potential of the Telemedicine market
Growth of smartphone ownership and spread of broadband internet connectivity are creating a large untapped market for telemedicine consultations in India.Telemedicine could replace half of in-person outpatient consultations in India, suggests a new report by McKinsey Global Institute....
 
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Houses built under Indian Grant assistance handed over to beneficiaries in Nuwara Eliya.
Around 100 houses built under Indian Housing Project were handed over to the beneficiaries jointly by High Commissioner of India to Sri Lanka H. E. Taranjit Singh Sandhu and Finance Minister Hon. Mangala Samaraweera at Helboda Estate in Nuwara Eliya...
 
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The changing Auto-Industry landscape in India
India, the second-largest automobiles market with close to 25 million units, has a young population; low-cost manpower and dominance in digital technology to its advantage.India is also leapfrogging to advanced emission and safety norms that will make it more compatible and level...
 
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Mahindra and Ideal launch first electric trishaw in Sri Lanka
Mahindra and Mahindra Ltd of India has launched its TREO electric trishaw in Sri Lanka which will reduce pollution and noise in urban areas. Mahindra & Mahindra Ltd and Sri Lanka’s Ideal Group (Pvt.) Ltd will soon commence operations...
 
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India launches Mission on Transformative Mobility and Battery Storage
India has approved the 'National Mission on Transformative Mobility and Battery Storage'. The mission includes a five-year phased manufacturing program to set up large-scale, export-competitive...
 
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India assists in construction of Agro Cold Storage complex in Dambulla.
Sri Lanka’s first ever temperature controlled cold storage construction started at Dambulla with an Indian grant assistance of Rs. 300 million. The purpose of the agro cold storage is to store excess harvest of vegetables....
 
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India has the cheapest mobile data in world: Study 
India has the cheapest mobile data in the world with 1GB costing just USD 0.26, a research by price comparison site Cable.co.uk showed.A country whose young population has a particularly high technological awareness, India offers a vibrant smartphone market, with strong adoption and many competitors. Data, therefore, is quite staggeringly cheap...
 
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High Commission of India organizes annual alumni event.
High Commission of India in Colombo organized the annual celebration of International Student’s Day and Indian Technical and Economic Cooperation (ITEC) Day with alumni and scholars from Sri Lanka. Most Venerable Anunayaka Theros of, Malwatte, Asagiriya and Sri Amarapura....
 
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