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US tariffs on China boost India’s manufacturing prospects: V Anantha Nageswaran

On India’s broader economic outlook, Nageswaran estimated a growth rate of 6.5% for FY2024-25, supported by improving exports and strong momentum into the first quarter of FY2025-26. Read more

Will revised MSME classification solve their funding puzzle?

Only 14 per cent of credit needs of Micro, Small and Medium Enterprises (MSMEs) - the backbone of India's economy - are met through formal channels. The revised MSME classification may mark a pivotal shift in how India supports and enables its small business ecosystem, says Rakesh RaoRead more

India’s composite PMI hits 8-month peak in April on strong demand

Manufacturing led the momentum, with its PMI reaching a one-year high of 58.4, up from 58.1. Read more

US auto tariffs to limit impact on Indian industry: Crisil

While the direct financial impact is small, Indian auto component manufacturers may face a decline in competitiveness due to increased costs for US buyers. Read more

Embracing Digital Transformation

India’s SME manufacturing sector is at a crossroads, poised to embrace digital transformation, sustainable practices, and innovation. However, challenges like legacy systems and skilled labour shortages remain as barriers to growth.Read more

ETONE Presses Set the Standard for Precision, Accuracy and Economy

Do you need high quality, robust mechanical presses for your factory? Magal Engineering has the answer.Read more

Budget 2025: Energy sector highlights and reactions

The government will incentivise electricity distribution reforms, support intra-state transmission expansion, and offer states an additional 0.5% of their GSDP in borrowing, contingent on implementing these reforms. Read more

Budget 2025: Manufacturing sector highlights and reactions

The Budget has also introduced a Focus Product Scheme for the footwear and leather industry, aiming to create 2.2 million jobs and generate Rs 4 trillion in turnover. Read more

Budget 2025: Auto industry highlights and reactions

MSMEs in the auto supply chain will benefit from easier credit access, enabling component manufacturers and dealerships to scale operations and invest in new technology. Read more

Budget 2025 aims to boost economy by propping up consumption, rejigs duties

FM Nirmala Sitharaman mentions agriculture, MSMEs, investments and exports as four crucial engines to propel the country's growth.Read more

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