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The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.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

Handling efficiently

In April 2023, manufacturing activity in India grew the fastest in four months of 2023, driven largely by growth in domestic consumption, and limited impact of rising raw material prices. Read more

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

With GDP expected to grow at 6% CAGR, future of manufacturing sector is bright

Electro Zavod, the manufacturer of specialised machinery for the bulk material handling industry, is celebrating its golden jubilee this year. In 2022, the company was acquired by Hi-Tech System & Services. In this interview, Vikas Agarwal, Chairman, Electro Zavod India, talks about the company's 50 year journey and importance of innovations to keep up with the market.Read more

Gearing up for Kumbha Mela of machine tools, IMTEX 2023

The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more

Collaborative growth

In January 2022, Reliance Industries bought 54 per cent stake in Addverb Technologies (a manufacturer of autonomous mobile robots, sorting robots, and automated storage and retrieval systems) for $ 132 million marking an entry of big industrial giant in the fast-growing industrial automation sector.Read more

Crossing the $2 trn export barrier

The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.Read more

Manufacturing at an inflexion point

Today, India is ranked as one of the leading exporters of pharmaceuticals supplying not just to developing countries but also to developed markets such as US, Japan, EU, etc. Read more

Budget 2022 - Economic Survey: Industrial sector to expand 11.8% in 2021-22

According to the Survey, investment, as measured by Gross Fixed Capital Formation (GFCF) is expected to see strong growth of 15% in 2021-22 and achieve full recovery of pre-pandemic level.Read more

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