While the world looks to India for its growth prospects and some sing paeans about its bright future, throwing big numbers and citing lofty ambitions, the situation on the ground is far less upbeat, anecdotally. Job creation is an issue, which is also borne out by data, and there is a lack of confidence among … Read more
Fitch Ratings said India is among the emerging market economies that are at risk of the US tariffs. These economies are the ones where the tariff rates faced by the US exporters exceed those charged on US imports from these countries. These include India, Brazil, Thailand, Malaysia, South Africa, Turkey and on a simple average … Read more
India and the United States are slated to start sectoral expert-level engagements for a bilateral trade agreement (BTA) in virtual mode in the coming weeks. After three days of discussions in New Delhi for a mutually beneficial multi-sector BTA, both the sides held a wrap-up session today. Sources had indicated that while the negotiations for … Read more
In a groundbreaking move set to reshape India’s electronics landscape, the Union Cabinet has given the green light to the ambitious Electronics Component Manufacturing Scheme, backed by a massive funding of ₹22,919 crore. The initiative is set to attract investments of ₹59,350 crore and create over 91,600 direct jobs, along with additional indirect employment opportunities. … Read more
Finance Secretary Ajay Seth on Saturday, March 29, said we are currently in the midst of a very tough global environment, both geopolitical as well as economic. He was addressing the 100th Skoch Summit at India Habitat Centre in New Delhi. “And it is in my sense that economic difficulties are being faced by different … Read more
In a major step towards strengthening domestic electronics manufacturing, the Union Cabinet on March 28 cleared a ₹22,919-crore Production-Linked Incentive (PLI) scheme for component manufacturing. The initiative is expected to generate ₹4.56 lakh crore in production and attract ₹59,350 crore in investments, while creating 91,600 direct jobs and many more indirect employment opportunities. Industry leaders … Read more
The cost of living in Tokyo rose more than anticipated from the previous month, keeping the Bank of Japan on track for further interest rate hikes. Consumer prices excluding fresh food rose 2.4% in March from a year earlier as inflation in processed food accelerated, according to the ministry of internal affairs Friday. The result … Read more
Credit to industry expanded by 7.3% in the fortnight ended on February 21, 2025, compared with 8.4% in the year-ago period, according to Reserve Bank data released on Thursday. Among major industries, outstanding credit to ‘petroleum, coal products and nuclear fuels’, ‘all engineering’, ‘construction’, and ‘paper & paper products’ recorded an accelerated y-o-y growth, it … Read more
India is projected to grow at 6.5% this year despite global economic headwinds, thanks to consistent policy interventions that have strengthened the economy, according to Sanjiv Puri, Chairman of ITC Limited. Puri added, “Despite all these difficulties across the world, India is doing well. There are lots of opportunities that we should focus on. India … Read more
India’s Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the economy and play a crucial role in employment generation, said NITI Aayog CEO BVR Subrahmanyam. Speaking at a CII event, he emphasised that while MSMEs range from tiny family-run businesses to potential industrial giants, they face significant challenges in technology adoption, skill shortages, … Read more