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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
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
Economic Survey 2024-25: India’s economic prospects for FY26 are balanced
While the Survey acknowledges potential headwinds such as geopolitical uncertainties, trade disruptions, and possible commodity price shocks, it also highlights several domestic growth drivers.Read more
Govt infra spending grows 38.8% in five years: Economic Survey
India's power sector expanded with installed capacity rising 7.2% YoY to 456.7 GW by November 2024. Read more
Indian electronics industry's mission $ 500 billion
Indian electronics industry has set an ambitious target of $500 billion by 2030 from present $ 101 billion. The task is challenging, but not insurmountable. As a result, the industry is on the cusp of unprecedented growth, says Rakesh Rao.Read more