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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
Transformers & Rectifiers India Buys 51% of Posco-Poggenamp Electrical Steel
The company acquired 13,770,000 equity shares from existing shareholders under a Share Purchase and Shareholder’s Agreement. Read more
Chips are up!
In December 2024, India's electronics exports surged by 35.1 per cent to reach a two-year high of $3.58 billion, up from $2.65 billion in December 2023, according to the Ministry of Commerce and Industry, Government of India. Similarly, electronics exports rose by 27.4 per cent during April-November 2024, hitting $22.5 billion compared to $17.66 billion during the same period in 2023.Read more
Budget aims to integrate India with global supply chains, boost manufacturing
Through the budget, the Union Government will support the domestic electronic equipment industry to leverage the opportunity of Industry 4.0. National framework for states to be formulated for promoting global capability centres in emerging tier 2 cities.Read more
Budget launches National Manufacturing Mission, revises MSMEs classifications
To boost exports, an Export Promotion Mission will be established with sector-specific and ministerial targets, says budget 2025-26.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
Economic Survey expects India’s industrial sector to grow by 6.2% in FY25
Consumer-focused sectors like automobiles, electronics, and pharmaceuticals have emerged as growth drivers. Domestic production of electronic goods shows remarkable growth of CAGR of 17.5 per cent from FY15 to FY24.Read more
Economic Survey 24-25 calls for deregulation and stronger support for MSMEs
The Survey outlines a three-step process for states to systematically review regulations based on cost-effectiveness. Read more