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Way to $ 1 trillion manufacturing economy?
In 2021-22, for the first time, India’s exports crossed $ 400 billion and this year, the country has set a target of $ 470 billion (a tall ask given the prevailing external environment).Read more
Budget’s 35% capex jump to Rs 7.5 trillion underscores appetite for infrastructure steel
As per the Economic Survey released by the finance ministry, the performance of the steel industry is pivotal to the growth of the economy.Read more
Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave
FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more
FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar
In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more
Rs 100 trillion infrastructure investment at risk due to shortage of skilled welding professionals: IIW
According to the Indian Institute of Welding (IIW), the current shortage of 1.2 mn welding professionals (including welders, cutters, fitters, equipment operators, etc) may balloon to 1.35 mn in the next 3 yearsRead more
To become $5 tn economy, India needs to grow at 8%: Economic Survey
The survey, presented a day before Budget 2019-20, recommends creating a virtuous cycle encompassing private investment, jobs, exports Read more
Mobile manufacturing industry to mark Rs 1.32 trillion by 2018: Ravi Shankar Prasad
Indian mobile manufacturing industry is expected to touch Rs 1.32 trillion by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said at an ASSOCHAM event held in New Delhi.Read more
