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India's defence sector holds prospect of $138 billion from FY24-32

This growth is owing to escalating defence budgets, modernisation initiatives, and the government's emphasis on indigenous manufacturing through programs like ‘Make in India’.Read more

Construction equipment sales in India up by 26% in FY24: ICEMA

The construction equipment industry records increase in domestic sales for FY 24 by 24%; exports by 49%.Read more

India's plastic exports surge 5.6% in March 2024; but down by 3.5% in FY24

The cumulative value of plastics exports during April 2023 – March 2024 was $11,550 million, as against $11,967 million during the same period last year, registering a decline of 3.5 per cent.Read more

Apple's 'Make in India' triumph, exceeds Rs 600 bn iPhone assembly target in FY24 Q1

The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.Read more

India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth

The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more

Indian Construction Equipment Industry sales for Q2 FY24 record 31% YoY growth

Total equipment sales in Q2 24 increased to 30,078 units, against 22,941 units sold in Q2 of FY 2022-23. Of these, domestic sales accounted for 27,423 units while 2,655 units were exported.Read more

Maruti Suzuki targets record exports and expands electric portfolio

Maruti Suzuki plans to gradually expand its range of vehicles running on alternative fuels. To achieve this, the company intends to incorporate hybrid or electric vehicles into its export offerings.Read more

Remswegs Marketing aims for 25% growth in FY24

The company is into hydraulics, welding, bearings and lubricants which are needed in all industriesRead more

Central govt commits to sustaining capital spending despite fiscal deficit concerns

The official emphasised that the Central government's objective is to encourage departments to accelerate capital expenditure (capex) in the current fiscal year to support economic growth.Read more

India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead

According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more

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