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Rangarajan alerts against inefficient ‘Import substitution’ in Atmanirbhar boost
India aims for an average annual real growth rate of 6-7% to achieve a per capita income exceeding $13,000 by 2024. Read more
Niti Aayog member Virmani encourages Chinese investment to push local production
China's FDI in India has been minimal, with only 0.37% of total FDI equity inflows from April 2000 to March 2024. Read more
Lazard report suggests India is on track on becoming a global manufacturing hub
Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
Indian manufacturing sector sentiments improved for Q1 24-25: FICCI
The survey reveals that 78% of respondents anticipate higher or stable production levels, up from 57% in the previous year.Read more
Apple to start iPhone 16 pro model manufacturing in India
Production of these flagship models is expected to begin within this fiscal year, with Foxconn handling the manufacturing process.Read more
India's manufacturing jobs rose by 200% from 2022-2024
The services sector including IT and non-IT industries, still remains the largest job creator in India. Read more
India is far from becoming the world's manufacturing hub; NR Narayana Murthy
Large Language Models (LLMs) and generative AI will not eliminate all jobs says the Infosys co-founder.Read more
Will Budget 2024-25 benefit the manufacturing industry?
The manufacturing sector is crucial for job creation, export growth, and overall economic development. Read more
India’s pharma sector likely to double post US Biosecure Act
At present, China’s CDMO industry commands 8% global market share compared to India’s 2.7%. Read more
India to target $500 billion in electronics manufacturing by 2030; NITI Aayog
NITI Aayog highlighted that the $4.3 trillion global electronics market is dominated by countries such as China, Taiwan, the US, South Korea, Vietnam, and Malaysia.Read more