The pre-budget meetings with finance minister Nirmala Sitharaman has received multiple suggestions from representatives of various sectors including mechanism for green certification to help MSMEs, rationalisation of income tax, creation of innovation clusters, schemes for improving domestic supply chains, Social Sector Entrepreneurship Fund for Social Impact and more. According to a statement by the finance ministry,…
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed private equity funds to invest directly into insurance companies, permitting banks to tie up with nine insurance companies, allowing insurance companies to raise alternative investments like subordinated debt and preference shares without seeking prior approval of the regulator. It also made the investment through…
The Healthcare industry in India comprises of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well as private players. The Indian healthcare sector is expected to record a three-fold…
India’s textiles sector is one of the oldest industries in the Indian economy. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. India is the world’s largest producer of cotton produces 61.6 lakh Metric Tonnes during 2021-22…
Accelerating the flow of credit to small enterprises is essential for India to achieve its $5 trillion economy dream by 2025 as the MSME sector has been a major driver in the country’s rise as the world’s fifth largest economy, said industry body KPMG in its latest November 2022 report on non-banking financial companies (NBFCs)…
The Indian paint industry is over 100 years old. The decorative paint market includes multiple categories depending on the nature of the surface like exterior wall paints, interior wall paints, wood finishes, enamels as well as ancillary products like primers, putties, etc. The industrial paint category constitutes the balance 25% of the paint market and…
The Indian IT industry has reported the highest-ever market share in five years, steadily climbing the global ranks. The revenue market share for Indian IT companies increased in Q2-FY23, according to a report, to 35 per cent of the global market share. Experiencing a seasonally strong quarter in Q2-FY23, India-based companies saw their revenue market…
India is the second largest producer of cement in the world. It accounts for more than 7% of the global installed capacity. Strong expansion of the industrial sector, which has fully recovered from the COVID-19 pandemic shock, is one of the main demand drivers for the cement industry. India has a total of 210 large…
The OTT market in India is projected to grow from $2.6 billion in 2022 at 20-23% CAGR to $11 billion in 2030. The key driver of the growth will be the SVoD segment, expected to grow from 85–90 million subscriptions in 2022 to 160–165 million subscriptions in 2027. Interestingly, Subscription-led Video-on-Demand platforms (SVoD) will make…
The Reserve Bank of India’s (RBI) decision to include the Goods and Services Tax Network (GSTN) as the latest Financial Information Provider (FIP) under the Account Aggregator (AA) framework has been hailed as a major push to further ease access to bank credit by MSMEs. GSTN is the non-profit and non-government organization that manages the…
India is one of the largest producers of textiles and apparel in the world facilitating the consumers across the globe for import textiles with high-quality fabric at affordable cost. Textile Industry is providing one of the most basic needs of people and the holds importance; maintaining sustained growth for improving quality of life. According to…
Silver in India comes next to Gold in the Jewellery segment with respect to the buying choices of Indians. The shiny metal has been able to hold its price and has even seen appreciations in a time when gold has been continuously rising in price for the past 2-3 years. India is a huge exporter…
E-Pharmacies are slowly acquiring a major stake in the overall pharmacy retail value chain in India. India’s e-pharmacy market is seen growing at speedy pace due to surging internet, mobile phone penetration, and Government-led initiatives. The e-pharmacy market was valued at $344.78 Million in 2021 and is expected to witness robust growth of 21.28% to…
Laghu Udyog Bharati (LBU), a collective of around 40,000 small businesses in the country, has requested finance minister Nirmala Sitharaman to reserve “manufacturing and marketing of traditional, conventional and low-technology products of mass consumption” for MSMEs. In a virtual pre-budget consultation meeting with Sitharaman, LBU said manufacturing of such products, consumed across geographies, is going…
India’s chemical industry is extremely diversified globally being the fourth-largest producer of agrochemicals accounting for 16% of the world production of dyestuffs and dye intermediates. Indian chemicals industry stood at $178 billion in 2019 and is expected to reach US$ 304 billion by 2025 exhibiting a CAGR of 9.3%. The demand for chemicals is expected…
The Ministry for Mines has accredited 13 private exploration agencies to undertake prospecting operations of minerals. The amendment of Mines & Minerals Development & Regulation (MMDR) Act in 2021 has allowed private agencies to participate in exploration for mineral sector after getting duly accredited by National Accreditation Board for Education and Training of the Quality…
India may soon have a single e-commerce platform that will bring together buyers, sellers, logistics players, and payment facilitators, empowering consumers with a wide array of products, vendors, and price options. The proposed platform will save customers from coming under the pressure of monopolistic competitions and will also offer them convenience as they need not use…
The Indian Army’s ‘Make in India’ initiative is spearheaded by the Army Design Bureau (ADB). The role of ADB is to undertake technology scan, identify technologies for acquisition and development, facilitate R&D efforts with Industry, Academia, DRDO & DPSUs. Some of the critical Projects on which ADB is working are in the areas of Autonomous…
E-Health is a dynamic field that combines business, public health, medicine, and technology. The provision of healthcare services via emerging electronic information and communication technologies is known as e-Health. E-health services are delivered in an environment where patients and healthcare professionals engage electronically rather than face-to-face. In India, the digital health market is estimated to…
The India Infrastructure Project Development Fund Scheme (IIPDF Scheme) has been revamped and broadened with an aim to provide financial assistance in meeting the cost of transaction advisors and consultants engaged in the development of Public-Private Partnership (PPP) projects. The IIPDF Scheme was set up in 2007 to aid development of quality PPP projects by…
The Metro-Rail segment in India is growing at a fast pace with affirmative long-term prospects, supported by the Union Government. The Government has business-friendly policies and financial support towards this fast growing sector. Today use of advanced technology and digitization will be the game changers as they will usher in a highly modernized and efficient…
Unmanned aerial vehicles (UAV), also known as drones, are aircraft that do not require a human pilot. The drone industry in India is still in its formative stage, but it is projected to grow and evolve over the next few years. At present, drones are widely used in military and commercial applications such as surveillance,…
Food Retailing in India is witnessing a progressive change with the emergence of the supermarkets and rapid expansion of organized retail sector in India across various parts of the country. Being world’s second-largest in population and having rising composition of Middle-Income group, India has emerged as the world’s most attractive retailing destinations especially in the…
Finance Ministry has approved and released the final Sovereign Green Bonds Framework to fund environmentally sustainable projects. The Ministry and RBI have already decided to raise Rs 16,000 crore through such bonds during H2 of FY 23. The proceeds from green bond issuances will be deposited in the Consolidated Fund of India in line with the regular…
The number of delayed payment cases of micro and small enterprises (MSEs) disposed of by the government’s Micro and Small Enterprise Facilitation Councils (MSEFCs) across the country stood at 20,840 involving Rs 3,841 crore so far since the launch of delayed payment monitoring portal Samadhaan by the Government back in October 2017. The disposed of…
India’s power sector is one of the most diversified in the world playing crucial role for the economic growth and welfare of nations. India is the third-largest producer and consumer of electricity worldwide. India is the only country among the G20 nations that is on track to achieve the targets under the Paris Agreement. GDP…
As more categories of the Indian Insurtech segment—the business of providing technology for the insurance industry— are starting to attract funding and leverage technology the segment is maturing in the country. The funding to Indian insurtechs has grown at a CAGR of 34 per cent during the period, with 2021 witnessing strong momentum. The insurtech…
India is the 3rd largest fish-producing country in the world and more than 65% of India’s fish is produced through Inland Fisheries and Aquaculture. Indian aquaculture market has reached a volume of 11.40MT in 2021 and market reports expect the volume to reach 18.40 MT by 2027 exhibiting a CAGR of 8.20% within 2021 –…
The environmental, social, and governance (ESG) ecosystem in India is in the early stages of its evolution, with the securities regulator making it mandatory for the top 1,000 listed companies to furnish sustainability reports from this financial year. India is also one of the few countries in the world to have a corporate social responsibility (CSR) mandate – companies with…
The farmers in India are increasingly using adoptive profitable, credible, and cost-effective production methods and inputs for agricultural commodities. The adoption of a sustainable and effective alternative to toxic chemical-based fertilizers is increasing the India biofertilizers market share. The increase in Government’s efforts to boost product usage has aided market growth. In India, the biofertilizers…
To enable traders to claim export benefits for international transactions settled in the rupee the Government has amended the foreign trade policy (FTP) to allow for the settlement of invoicing, payment, and settlement of exports/imports in Indian rupees. The export incentives were available only when the trade was settled in a foreign currency. The amendments…
The Jute Industry in India is 150 years old and currently having about 93 jute mills in the country. The industry has recently emerged as one of the key sectors serving East India, particularly West Bengal. According to the Ministry of Textiles, India is the leading jute goods-producing country globally, accounting for about 70% of…
The Indian Chemicals sector covers more than 80,000 commercial products and it is extremely diversified and can be grouped into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers. Globally, India is the fourth-largest producer of agrochemicals standing after the United States, Japan, and China. India accounts for around 16% of the world’s production of…
The Ministry of Railways has identified projects worth Rs 90,000 crore, or USD 10 billion which will be rolled out to help realize its aspiration of loading 3,000 million tonnes (MT) of goods. The railways, under its Mission 3000 intend to double its cargo loading from 1,418 MT in 2021-22 to 3,000 MT by 2027….
According to an industry survey, India’s manufacturing sector is set to sustain its growth momentum for the next 6-9 months. According to the survey, the existing average capacity utilization in manufacturing is over 70%, which reflects sustained economic activity in the sector. The future investment outlook also slightly improved as compared to the previous quarter…
The MSME Ministry is looking to expand the scope of public procurement for micro and small enterprises (MSEs) by adding multiple services and increasing the number of goods to the existing list of 358 items reserved for purchase from MSEs exclusively. The MSME Ministry has prepared a revised list of 469 items (including goods and…
India is the 3rd largest energy and oil consumer and 4th largest importer of liquefied natural gas (LNG) in the world exhibiting the fastest-growing energy market in the world. The oil and gas sector plays a major role in influencing the decision-making for all the other important sections of the economy. India’s oil refining capacity stood at 248.9 MMT…
The ministry of MSME has notified that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category it was in before the re-classification, for a period of three years…
The fisheries sector has been recognized as a powerful income and employment generator providing a steady source of cheap and nutritious food. India is the second largest fish-producing country in the world accounting for 7.56% of global production. The Indian fish market was valued at INR 1,232 billion in 2020 and is expected to reach INR…
India has the fourth largest railway system in the world consisting of a total track length of 12,636,6 km with 7335 stations. Indian railway operated 13523 passenger trains and 9146 freight trains daily. The sector experienced an increase in freight earnings from US$ 15.35 billion in FY21 to US$ 18.55 billion in FY22 experiencing 20.84% growth…
India’s biotech regulator, the Genetic Engineering Appraisal Committee (GEAC), has approved genetically modified (GM) mustard for commercial cultivation, paving the way for the country’s first transgenic food crop, nearly 15 years after its invention. The decision is “great for the country” because GM mustard would bring “better yields and lower costs for farmers”, said Deepak…
The Indian fertilizer industry has been able to provide enhanced food security for the nation. Indian agriculture is heavily dependent on the use of fertilizers. It is expected that the Indian fertilizer market will reach a value of about INR 1,131 Billion by 2027, exhibiting a CAGR of 4.8% during 2021-2027 from INR 858 Billion…
In spite of inflation, sales of consumer durables and FMCG items picked up during this festive season. Sales this year saw volume growth of 20 percent and value growth of over 30 percent. Sales of premium and mid-end products have particularly done well. The festive season also saw a rise in demand for appliances that…
The drone and its components industry can significantly strengthen India’s manufacturing potential to US$ 23 billion approximately by 2030. Given the Aatmanirbhar Bharat Abhiyan’s guidelines, India has a good chance of becoming a global drone powerhouse as there is a huge demand for drones and drone-as-a-service. The drone value chain affects a wide range of…
The domestic air traffic in India witnessed a near 47 per cent month-on-month jump at 10.355 million passengers. According to data released by Directorate General of Civil Aviation (DGCA), the average passenger load factor (PLF) – a metric that measures capacity utilisation was at over 77 per cent across 10 players. The increase in air…
India is the second-largest producer of silk in the world with 14.7% share in global raw silk production. As per market reports, silk industry is expected to grow from INR 376 Billion in 2021 to INR 1,032.8 Billion by 2027 exhibiting a CAGR of18.4% during 2021-2027. India’s silk and silk products are highly demanded worldwide….
India’s rapid adoption of new-age technologies, its growing startup ecosystem, and the large-scale digitally skilled talent potential are the right building blocks for it to emerge as a key player in the global Web3 landscape, according to a report by IT industry association Nasscom. There were over 450 Web3 startups in India as of the first…
The healthcare and medical device sectors in India have grown significantly in the last decade. The Indian medical devices market is among the top twenty in the world by market size, and fourth in Asia after Japan, China and South Korea. Currently, the Indian medical device market is estimated at USD 10 billion and it…
As per the Reserve Bank of India (RBI) data, the rate of growth in bank credit to retail and wholesale trade – brought under the MSME definition last year – more than doubled to 16.9 per cent in August this year from 7 per cent during the year-ago period. Aggregate credit deployed to retail and…
In India, there are more than 861 paper mills among which roughly 526 are operational and has total installed capacity of 27.15 million tones making the Indian paper industry both diverse and large. The consumption of paper in India is anticipated to increase by 6-7% annually over the course of the next five years, reaching…
Real estate sector in India is the second highest employment generating sector employing over 30 million people presently. Real estate sector in India is expected grow from US$ 200 billion in 2021 to US$ 1 trillion by 2030. As per latest market reports, Private equity investment inflows into the Indian real estate sector stood at…
During the July-September period of the ongoing financial year, India’s crude steel output rose by 2.56 per cent to 30.06 million tonne (MT). The top six steel makers produced 18.29 MT steel, as per research firm SteelMint, the rest 11.77 MT came in from the secondary sector. The domestic consumption was 11.33 per cent higher…
Being the 4th largest industry in the world as per statistics for 2021, the Indian automobile industry has been a good indicator of macroeconomic expansion and technological advancements. India is currently shifting focus to electric vehicles to reduce carbon emissions which has led to a sales increase of EVs and overall sales of the industry. In…
The Government has made comprehensive plans for the hospitality, tourism, and travel sectors. These plans include various subsidies, financial assistance for licensing and cluster construction, etc. However, a large chunk of the unorganized sector associated with this business, that is, budget hotels, homestays, and lodge operators are often not aware of the financial aid being…
The Government has notified a credit guarantee scheme for start-ups (CGSS) under which lenders will extend collateral-free loans up to Rs 10 crore to each eligible borrower. The credit guarantee cover under the scheme would be “transaction-based” and exposure to individual cases would be capped at 10 crore rupees per case or the actual outstanding…
The demand for packaging in India has expanded significantly, owing to the rapid growth in consumer markets, particularly in processed food, personal care, and pharmaceutical end-user industries. Packaging is India’s one of the top growing sectors. Over the last few years, the packaging industry has been a key driver of technology and innovation, contributing to…
Ecotourism, also known as a sustainable form of tourism, is a form of sustainable travel that aims to support and uplift the surrounding environment rather than exhausting its resources and putting pressure on it. The tourism sector is in fact a significantly large employment generator, besides being an important source of foreign exchange. In the…
India has immense potential in the footwear sector and can increase production and export 10 times in the near future, as per Union Commerce Minister, Piyush Goyal. About 7,000 small industry units are connected with the footwear sector which holds great significance to the economy and foreign exchange earnings of the country. Nearly 40% employed…
Data centres with over 5 megawatt capacity of IT load have been accorded infrastructure status by the Central Government. Data centre is included in the Harmonized Master List of Infrastructure sub-sectors by insertion of a new item in the category of ‘Communication’. The Union Finance Minister in her budget speech announced that data centres would be granted…
The Government will stabilize its E-commerce firm ONDC and address the data privacy concerns before bringing a proposed e-commerce policy, as per official sources. The E-commerce policy is expected to impact the Indian E-commerce market, which is projected to touch USD 188 billion in 2025 from USD 64 billion in 2020. E-commerce in India is…
The India biostimulants market size touched USD 230.98 million in 2021. The market is expected to grow from USD 266.58 million in 2022 to USD 734.13 million by 2029, exhibiting a CAGR of 15.57% during the forecast period. There is rising demand for organic farming and increasing yield per hectare investment to bolster market development….
Net inflows in equity schemes in, September, according to AMFI data, went up 130 percent month on month (m-o-m) to Rs 14,100 crore. Experts have opined that buoyant equity inflows displayed investor confidence in the Indian market. The trend augurs well for the markets. Despite market volatility and negative trends globally, Indian investors have reposed…
India ranks 4th in renewable energy capacity and has retained 3rd rank on the EY Renewable Energy Country Attractive Index in 2021. In 2022, India’s installed renewable energy capacity stood at 161.28 GW constituting 39.91% of the overall installed power capacity with a target of 450 GW of installed renewable energy capacity by 2030. Power generation from renewable…
India is the second-largest market for e-learning, just behind the United States, according to statistics. The pandemic served as a catalyst in the transformation of education in 2022 brought about by digital learning. Students can succeed at both the art of implementation and execution itself thanks to the development of digital learning platforms, which enables…
The Union Finance Ministry modified the Emergency Credit Line Guarantee Scheme (ECLGS) by increasing the loan limit to Rs 1,500 crore from Rs 400 crore under the scheme. The intervention came as airlines continue to face twin challenges of increased fuel costs and a weaker rupee. While passenger demand has strengthened, higher operating costs have…
Indian retail industry is one of the most dynamic and fast-moving industries being the world’s fifth-largest global destination in the retail space. Retailers Association of India (RAI) has reported a growth of 15% in the retail sector compared to the pre-pandemic situation. Indian retail market is projected to grow from $690 billion to $2 trillion during…
Increasing adoption of automation and equipment based models in agriculture has imparted a potential impact on the growth of the market. Notably, during COVID, the demand in the sector outweighed the supply which indicates towards the opportunities in the sector. India is developing into a hub for manufacturing agricultural equipment, primarily for tractors. In India,…
The Indian E-commerce market is projected to reach $120 billion by 2026. Emerging and fast-growing technologies like Artificial Intelligence (AI), Data Analytics, and online payment gateways like Unified Payments Interface (UPI) are driving the next growth revolution in the e-commerce domain in India. Modern data analytics tools study consumer behaviour through their online shopping habits…
The Ministry of Commerce and Industries has decided to set up a separate Export Council for Medical Devices under the Department of Pharmaceuticals. In 2021-22, India exported Rs. 23,766 crore worth of medical devices up from previous year Rs. 19,736 crore. The export council will help exporters in promoting their products in international markets, through…
One of the greatest sectors in the world, the Indian Gems and Jewellery sector contributes towards more than 29% of the world’s jewellery consumption. Additionally, it offers job possibilities to approximately 4.64 million people, including over 30,000 businesses in the Gems and Jewellery industries. Interestingly, India is now also a growing market for lab-grown diamond…
Horticulture plays significant role in doubling the farmer’s income. Union Agriculture Ministry has thus allocated Rs 2250 Crore for improvements of the sector in 2021-22. Horticulture market is currently valued at INR 22,516 Billion and is expected to grow to INR 41,148.7 Billion by 2027 exhibiting a CAGR of 10.5% during 2022-2027. Horticulture sector can stimulate and sustain growth…
The Union Government, in a relief to the exporters, has extended the validity of the e-scrips issued under the Remissions of Duties and Taxes on Exported Products (RoDTEP) scheme. The scheme aims to refund exporters duties and taxes paid during manufacturing. It came into effect in August 2021 and covers 8555 tariff lines. The move is…
Food processing sector in India exhibits a growing trend and plays an essential role in developing linkage between farmers and domestic market. India’s food ecosystem offers huge opportunities for investments with stimulating growth. Ministry of Food Processing Industries (MoFPI) has encouraged investments across the value chain and thus output is expected to grow from 22, 830, 00 crore…
India is the 3rd largest destination for biotechnology in Asia Pacific and leading destinations for bio – innovation and bio – manufacturing. The industry has witnessed a growth rate of 14% during 2021 – 2022 and is expected to grow by 19% by the end of 2025. India’s bio – technology sector contributes 2.6% in the…
Banks are offering special schemes on loan products to tap into the festive demand with the majority of sops offered in the home, vehicle, gold and personal segments. Banks have partnered with several e-commerce and offline brands and are relying heavily on digital lending to drive festive season loan demand which is typically the strongest…
India has been playing a leading role in production and consumption of dairy products since 90s with a sustained growth in availability of dairy products. Dairy market in India has reached INR 13,174 Billion in 2021 and is expected to reach INR 30,840 Billion by 2027 with a CARG of 14.98% during 2021-2027. According to the market…
Indian leather industry holds a prominent position in the Indian economy with consistently high export earnings and acquiring a position among the top ten foreign exchange earners for the Country. Exports of leather and leather products are valued at $402.61 million in 2022 with a positive growth of 48.53% compared to 2021. During 2020 – 2022, FDI…
Indian Railways has one of the largest rail networks in the world, covering 1,23,236 km with 13,523 passenger trains and 9,146 freight trains that transport 23 million passengers and 3.5 MT of freight daily from 7,349 stops. The Indian railways are run by a dedicated 1.2 Million plus Manpower who work around the clock. An…
The Insurance Regulatory and Development Authority of India (Irdai) has proposed to mandate the dematerialization of new insurance policies by the end of this calendar year. Insurance repository (IR) was set up under the insurance repository regulations. Over the last few years, insurance repositories have helped in electronic issuance, storage and services for over 10…
Manufacturing sector is a high growth sector in India. Under Make in India initiative, India is targeting to become a manufacturing hub by the end of 2030. Capacity utilization in India’s manufacturing sector is estimated at 72% in second quarter of FY22 with a significant growth in post COVID era. According to the market reports, during FY…
The success of India’s green revolution and consequent self-reliance in food grain production is largely attributed to use of fertilizers. The Indian fertilizer market reached a value of INR 858 Billion in 2021. It is expected that the market will reach INR 1,131 Billion by 2027, exhibiting a CAGR of 4.8% during 2022-2027. The country’s…
India is a hub for chemical companies. The chemical industry is one of the most significant contributors to the growth and development of our economy. The quantum of production of key chemicals increased to 21.52 lakh tonnes during 2022-23 till May 2022 to be precise as compared to 19.97 lakh tonnes during the corresponding period…
India has highly integrated poultry industry that matches the western countries containing world’s largest livestock population. India is the third largest egg and fifth largest poultry producer in the world. Major states contributing in this sector are West Bengal, UP, Andhra Pradesh, Maharashtra, Haryana and Tamil Nadu. Annually India produces 5.3 MT meat and 75…
India and Egypt have signed a MoU to further boost bilateral defence cooperation. Both countries will focus on defence coproduction and maintenance of equipment as well as joint training. Egypt has expressed interest in acquiring military platforms from India. Among other things, Egypt is considering the indigenous Light Combat Aircraft (LCA) for its fighter requirement. Market analysts…
Applying biostimulants to soil or plants can increase their ability to withstand biotic and abiotic stress, as well as their ability to absorb nutrients and protect themselves from pests. The adoption of organic farming is fueled by the strong demand for organic foods, which may also increase the adoption of the product. Additionally, increasing investments…
India holds huge reserve of iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts. In FY22, number of reported mines in India is 1245 out of which 525 are metallic mineral mines and 720 are non metallic mineral mines. During FY 2021-22 coal productions reached around 777.31 MT, Mineral production is expected to…
There are two sectors to the Indian restaurant industry. It is split into an organized and an unorganized sector. The organized segment is estimated at Rs 148,353 crore. The unorganized segment is estimated at Rs 2, 75,512 crore. The restaurant industry in India was worth Rs 423,865 crore in 2018–19; and is expected to grow…
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has announced 75 “Amrit” Grants for Biotech initiatives involving Startups, Industry, academia and research bodies in integrated collaboration. The 75 inter-disciplinary, multi-institutional grants would be supported…
The Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process. During the liquidation period, the Committee of Creditors (CoC) can now examine whether a compromise or an arrangement can be explored for a corporate debtor. Till June, 2022,…
Water & Sanitation sector in India includes ensuring adequate supply of water and treatment of liquid & solid waste. Government of India by launching Swachh Bharat Mission (SBM) and National Rural Drinking Water Program (NRDWP) has made substantial investment and efforts in ensuring safe drinking water and sanitation. Gujarat has topped the Composite Water Management Index (CWMI) and Telengana ranked second in providing clean…
SEBI has made BRSR reporting mandatory for the top 1,000 listed companies from this fiscal. While implementation of environmental, social and governance norms calls for a much desired change in business conduct, mindset and standardization, towards attaining India’s sustainable growth objectives, adoption of the same by companies has not been uniform across the country. A…
At present, tourism in India has major potential given India’s rich culture and heritage, diversity in ecology, and terrains and places of natural beauty. Tourism sector is also a potentially large employment generator, besides being a important source of foreign exchange. In the Union Budget for FY 2022-23, Rs. 2,400 crore had been allocated to…
The Prime Minister unveiled the National Logistics Policy to give a fillip to the country’s logistics sector. The policy is the country’s first holistic approach towards USD 200 billion logistics sector. Through this policy India aims to reduce logistics cost to 10 percent of Gross Domestic Product over the next five years from the current…
Transport and logistics sector refers to the entire flow management including storage, handling, inventory, packaging, delivery and many other aspects. India is confronting various changes in terms of digital transformation, new market entrants, changing expectations of the consumers, new evolving business model. In financial year 2021, the size of the Indian logistics market was around US$250…
Latest RBI’s monthly data has indicated rise in credit card and UPI payments. The UPI transaction rose from Rs 9.83 lakh crore in April this year to Rs 10.73 lakh crore in August. Similarly, credit card spends through PoS (Point of Sale) terminal increased from Rs 29,988 crore in April this year to Rs 32,383…
Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy—collectively referred to as AYUSH—are the six Indian medical systems that are widely used and practiced in India and some of the adjacent Asian nations, with very few exceptions in some of the developed nations. The Ayush market is expected to reach $23.3 billion by end of 2022, and…
India’s telecommunication industry is the second largest in the world with a subscriber base of 1.17 billion as reported on April 2022 with generous growing trend from both rural and urban area especially in post – COVID era. Overall Tele-density in India has increased from 84.88% to 85.03% during April-22 to May-22 as reported by Telecom Regulatory Authority of…
With the Ministry of Defence (MoD), GoI ensuring that emergency financial powers allocated to the armed forces for quick contracting of weapon systems aren’t used for imports, a significant opportunity has opened up for domestic companies. It is learnt that several dozen projects are under discussion, with the private sector set to deliver a variety…
An expert panel has been constituted by the Government to suggest ways for scaling up of Venture Capital (VC) and Private Equity (PE) Investment. The expert committee will examine and suggest appropriate measures to address regulatory and other issues to enable scaling up investments by VC and PE investment. In 2021, private equity and venture capital…
The global leather goods market size is valued at $424 billion in 2022 and is expected to reach USD 744 billion by 2030. India is the second largest producer of footwear, second largest exporter of Leather Garments, fifth largest exporter of Leather Goods and third Largest Exporter of Saddlery and Harness items. India’s leather sector…
Jute textile industry is one of the major industries in Eastern India making it the second important in the textile industry mostly concentrated in West Bengal. India being a leading jute producing country in the world, about 70% of estimated world production is produced here, most of which is predominantly being used for packaging purpose…
Non-food credit by bank has continued to grow above 15% for three consecutive fortnights, on a lower base, according to data released by the Reserve Bank of India (RBI). The outstanding non-food credit inched higher by 15.96% year-on-year (y-o-y) during the fortnight ended August 26. The non-food credit outstanding stood at Rs 124.3 trillion during…
India and Bangladesh signed their first defence contract under the $500 million line of credit (LoC), which was extended by India. India will supply defence gear under this contract. Bangladesh military is also apparently eyeing military hardware from India in the long run. Currently Chinese equipment forms the bulk of Bangladesh defence hardware. According to a recent report…
The Government of Maharashtra has started the e-registration of properties to be sold by realty developers in an effort to digitise the process that will also involve usage of blockchain technology soon. Maharashtra has become the first state to enable e-registrations of properties. The real estate sector in India is all set to see an…
The Indian advertising market will reach $11.1 billion in 2022, boosted primarily by growth of digital advertising which will reach 31.6% and growth of television advertising which are projected to grow at 14.5% this year. TV advertising is estimated to reach over Rs 43,000 crore by 2026. After the US, Japan, China, and the UK, this will make…
A forecast from The Civil Aviation Ministry predicts that India’s drone industry will grow from its current annual revenue of roughly Rs 80 crore to a range of Rs 12,000 – 15,000 crore by 2026. There are now about 85 percent of India’s total airspace that drones are permitted to fly over, a six-fold increase…
According to the data put out by the National Payments Corporation of India (NPCI), the Unified Payments Interface (UPI) reported 6.57 billion transactions, amounting to Rs 10.72 trillion, up 4.62 per cent and 0.95 per cent on a month-on-month (MoM) basis, in terms of volume and value of transactions, respectively. The latest transaction numbers are…
The Reserve Bank of India (RBI) has selected two entities Precision Biometric India Pvt. Ltd. and HDFC Bank (in partnership with Swedish firm Crunchfish AB)for the test phase of the retail payments cohort under its regulatory sandbox. A regulatory sandbox allows financial services providers, innovators, regulators and customers to conduct field tests and collect data…
India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture. Currently India’s top export destination includes US, Germany, France, UK, Netherlands and Australia. The countries from where India primarily imports are China, Malaysia and Italy. The Government of India is considering a Production Linked Incentive (PLI) scheme for certain…
Over the past three years, India’s civil aviation sector has experienced some of the nation’s fastest growth. India has overtaken the UK to become the third-largest domestic aviation market in the world, and by 2024, it is predicted to surpass it. According to the International Air Transport Association (IATA), India is anticipated to surpass China…
The data centre industry in India is currently worth USD 5.6 billion dollars, according to a report by Anarock and Binswanger. Presently, India has 138 data centres overall spanning 11 million square feet and having 737 MW of IT capacities. Currently, around 57% of this capacity is located in Mumbai and Chennai. Another 45 new…
The Indian Railways is the largest rail network in Asia and globally India, is just behind the US, Russia, and China, and has the fourth-largest railway network in the world. The Indian Railways had 9,141 freight trains and 13,452 passenger trains as of FY21. Its overall route network measured 68,103 km as of FY21. In…
Government of India’s goal is to make India a significant design and manufacturing hub in Global Value chain for Electronics, as part of its Atmanirbhar Bharat Economic policies. To establish India as a global leader in electronics manufacturing, Government of India has launched many flagship schemes. The Scheme for Promotion of Manufacturing of Electronic Components…
According to the recent data revealed by Reserve Bank of India (RBI), credit card spends touched an all-time high of Rs 1.16 trillion in July, registering a growth of 6.5 per cent on a month-on-month basis and 54 per cent year-on-year. Spends have topped the Rs 1 trillion level for five consecutive months now. With…
The majority of exports to Bhutan are hydraulic turbines, including regulators, ferrous products, petrol, wood charcoal, other coal, coke and semi coke, Portland cement, mineral products, base metals and articles, machinery, automobiles & spares, animal products, chemicals, wood, plastic, rubber and agricultural products. Electricity production and trade between India and Bhutan makes for a large industry with…
According to statistics, India is just behind the US as the second-largest market for online education. Digital learning has changed the whole landscape of education in 2022 and pandemic has acted as a catalyst in this regard. The advancement of digital learning platforms allows them to succeed at the art of implementation and execution itself,…
A KPMG study discloses that currently 79% of the N100 Companies publish a standalone ESG report in the form of a Sustainability Report, Integrated Report or Annual Integrated Report, 45% of the N100 Companies have adopted an Integrated Report, 54% of the companies have opted for third-party assurance, out of which, 89% opt for Limited…
Foreign companies are making a beeline to India to tap the fast growing warehousing market. Major multinational logistics companies have announced plans for launching operations in India. In FY 20, the warehousing market was valued at Rs 1,050 billion. In terms, of space requirement, it stood at 265 million sq ft in FY21. The total…
One of the interesting and booming segments under gems and jewellery segment is costume jewellery. The India Costume Jewellery market size was valued at $1,788.6 million in 2019, and is estimated to reach $2,126.3 million by 2027, registering a CAGR of 7.0% from 2019 to 2027. Costume jewellery refers to a diversity of decorative items…
West Bengal has around 158 km coastline, 777 sq km in shore area, 1813 sq km offshore area and 17049 sq km continental shelf collectively considered as marine fishing ground. The marine fisheries zone of West Bengal has enormous potential with respect to commercial fishes, due to influx of nutrients laden water in Bay of…
India is keen to have the Electronic Vertical Take Off and Landing (eVTOL) aircraft manufacturers use the country as a major manufacturing base, once all regulatory approvals are in and commercial production starts. According to the Minister of Civil Aviation, Mr. Jyotiraditya Scindia, “the next technology paradigm is going to happen once European Union Aviation…
The Emergency Credit Line Guarantee Scheme has been successful in helping Indian businesses navigate through the economic crisis caused by Covid-19 revealed in a recent report by credit bureau TransUnion Cibil. It catalyzed the revival of small businesses during and after the pandemic. The ECLGS scheme was launched in May 2020 to help businesses cope…
The potential for India’s export to SAARC countries is USD 61 billion as against USD 14 billion realized now. Needless to mention, Bangladesh is a prominent trade partner for India in the SAARC and 75 percent of India’s imports from Bangladesh and 50 percent of India’s exports to Bangladesh were through land ports. Thus, the…
The Ministry of Corporate Affairs (MCA) has announced the roll out of Version 3.0 of MCA 21. MCA has identified as many as nine forms – DIR3-KYC Web, DIR3-KYC Eform, DPT-3, DPT-4, CHG-1, CHG-4, CHG-6, CHG-8 and CHG-9 – will go live from 1st September, 2022. These would be the first set of forms that would…
Biostimulants are compounds that can be administered to soil, seeds, and plants. In order to influence plant growth through enhanced tolerance to abiotic stimuli and boost seed and/or grain yield and quality, these chemicals alter essential and structural processes of plants. Biostimulants also lessen the requirement for fertilizers. The Government of India recently published an…
Chemical businesses find India to be a promising location. One of the key factors in the expansion and improvement of any economy is the chemical industry. In fact, a 15% to 20% annual growth rate is predicted for the Indian chemical industry, which is projected to double in size to reach USD 304 billion by…
Forestry sector is majorly dependent on commercial activities that depends on wood fiber. According to the Forest Survey Report recorded during 2019 – 21 states an increase of 1,540 square kilometers, most of which is contributed by Andhra Pradesh, Telangana, Odisha, Karnataka and Jharkhand. To be noted that India’s total forest cover was 21.71% of total geographical…
The Insurance Regulatory and Development Authority of India (IRDAI) have proposed to set a 20% commission cap for general insurance companies. It has also allowed life insurers whose expenses were under 70% of the allowable limit to set their own commission rates across product segments. IRDAI has also deliberated that commission and remuneration payout should…
Labour Bureau, Government of India conducts Quarterly Employment Survey (QES) for establishments having 10 or more workers. As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of 2.37 crores, as reported in…
The Government has announced the Foreign Exchange Management (Overseas Investment) Rules, 2022 with an aim to ease rules for domestic firms that want to invest abroad. Through these Rules, Indian companies not in financial services can now directly invest in financial-services firms abroad, such as brokerages, asset management funds, and credit cards under the automatic…
Medical tourism is one of India’s fastest-growing industries, with a recently estimated valuation of USD 6 billion. In the years to come, it is anticipated that these figures would increase dramatically. India is establishing a solid reputation as the “global medical destination” due to its competitive pricing in imparting medical services compared to other countries,…
India is the second-largest garment manufacturer in the world and has a textile industry that dates back centuries and is comprised of a variety of sectors, including hand-spun and hand-woven, as well as mills. Approximately 100 million people have been employed by the industry, which produces a wide range of goods and employs a substantial…
In the past ten years, the Indian medical device industry has experienced substantial growth in India. The market’s need for medical equipment is increasing as there are more medical facilities available today in India. Under the Make in India program, the Indian medical device industry received the designation of “sunrise sector” and “independent industry” in…
In food processing, India has performed better than many leading countries such as Brazil, the US, and China as of 2021 in terms of growth of the sector. However, more needs to be done as India processes only 30 percent of its total meat production compared to Brazil and the US. In fruits, India processes…
The Ministry of Corporate Affairs’ recent revisions to the Corporate Social Responsibility guidelines, which make CSR Impact Assessment mandatory, have significantly influenced the CSR landscape in India. With the new Corporate Social Responsibility Impact Assessment compliance now applicable, monitoring and evaluation have become a focus bringing credibility and accountability to the development sector. CSR is…
Consumers are once again moving towards high-value packs in fast-moving consumer goods (FMCG) category. According data analysed by Bizom, a platform that automates retail execution at 7.5 million kirana stores, reveals a shift in consumption towards high-value packs. The YoY growth in July for the high-value packs in FMCG was 8.5%. The strong demand witnessed…
FMCG is one of the top 5 sectors in India in terms of revenue growth. Fifty percent of sales in the FMCG sector are made up of household and personal care items, followed by consumer healthcare which accounts for 31%-32% of sales, and food and beverage accounting for 18% –19% of sales contribution. Approximately 5%…
The auto component industry in India recorded its highest trade surplus of USD 700 million in a financial year in 2021-22. Auto component exports increased 43% to a record USD 19 billion in 2021-22. For Indian auto parts makers North America is the largest overseas market, accounting for 32% of overall exports last fiscal. During…
The Government’s platform for public procurement, Government eMarketplace (GeM) has crossed a whopping 50-lakh seller mark amid the growing number of registrations on the MSME registration portal Udyam. Launched in August 2016, the initial 10 lakh sellers were registered in the first 4.5 years (till January 2021) of GeM’s operation while the rest 40 lakh…
India’s biotechnology sector has a 3% share in the global biotech industry. It ranks 48th on the Global Innovation Index and comprises over 5,000 companies with 760 core companies and 4,240 startups. India’s bio-economy has grown 8 times in the last 8 years, from $10 billion to $80 billion. Developments in healthcare, agriculture, energy, natural…
Real estate sector is one of the most globally recognized sectors which comprises of four sub sectors namely, housing, retail, hospitality, and commercial. In India, this sector is the second highest employment generating sector after agriculture. It is expected that the sector will incur NRI investment in both short and long run. The market size…
In a big boost for hospitality and related sectors, Union Cabinet has approved Emergency Credit Line Guarantee Scheme (ECLGS) worth Rs 50,000 crore for hospitality, travel and tourism sectors. The overall ECLGS allotment has been hiked from Rs 4.5 lakh crore to Rs 5 lakh crore. The additional amount has been earmarked exclusively for hospitality…
According to Research Reports, the Indian Media and Entertainment sector will expand at a CAGR of 9% and will hit Rs 4.3 lakh crore by 2026 and is estimated to be around Rs 3.14 lakh crore in 2022. Along with traditional media, which will continue to develop steadily, the expansion would be paced by digital…
India’s Index of Industrial Production (IIP) was hovering around an average of 2.25% between November 2021 and March 2022, thereafter it jumped to 6.74% in April 2022 and further to 19.64% in May 2022. However, in the month of June, the IIP tapered to 12.3% as manufacturing and mining tapered on the back of lower…
The global apparel market size is expected to reach USD 2.6 trillion in 2025 growing by a projected growth rate of 4 percent. The major growth drivers of the global apparel market will be the developing economies, mainly China and India, both growing in double digits. China will become the biggest apparel market adding more…
Export-led agri-processing clusters present a big opportunity for Indian farmers. India has not been able to tap its potential in the global market, despite being the second-largest producer of fruits and vegetables in the world. India’s agri-export share in the global market is 2.2 percent but has the potential to increase it to 10 percent…
Globally from big corporations to small start-ups are all using ‘Design Thinking’ to enhance the growth of their businesses and to bring innovation and change. This concept has received widespread acceptance in the field of technology, FMGC products and other services required by both businesses and the society. Strategic management is the need of the…
Animal husbandry is the process of breeding of livestocks using upgraded techniques backed by profit motives. Since currently this is a state concentrated sector, state government is highly responsible for the growth and development of the sector. However various schemes like “Rastriya Gokul Mission”, “National Livestock Mission” (NLM), “National Program for Dairy Development” (NPDD) and many more on the part…
With an annual growth rate of over 16%, the Indian Gems and Jewelry industry is one of the areas of the Indian economy that is expanding at a faster pace. Around 6-7% of India’s GDP is contributed by the Gems and Jewelry industry, which is important to the country’s economy. Additionally, it has about 2.5…
Multimodal logistics parks (MMLPs) form a key policy initiative of the Government of India as a part of the Gati Shakti National Master Plan. The objective of MMLPs is to help India to attain competitiveness by lowering logistics cost through improving the freight logistics sector by lowering overall freight costs and time, cutting warehousing costs,…
For numerous industries, including textiles, paper, paints, soap & detergents, medicines and agrochemicals, the chemical industry in India provides a variety of raw materials and building blocks. India ranks third in Asia and is the sixth-largest producer of chemicals in the world. India is ranked 14th in the world for chemical exports. India is the…
The hospitality industry severely impacted in the last two years due to Covid-led restrictions is quite hopeful of seeing a turnaround in its fortune during the current fiscal. Strong demand due to an increase in corporate travel resulted in a recovery in business destinations. Aided by leisure, transient passengers meetings, incentives, conferences and exhibitions (MICE),…
Rapidly expanding trade and commercial linkages between India and U.S. form an important component of the multi-faceted partnership between the two countries. Total bilateral trade (goods and services) between India and US increased at a CAGR of 11.5% from USD 20 billion in 2000 to USD 142 billion in the year 2018 (latest: CAGR of…
West Bengal has completed the setting up of 554 clusters in the state. About 292 of these are for MSMEs while 262 are in the handloom and khadi segment. The state has clusters in diverse products like brass and bell metal, plastic, jewelry, nalen gur and muslin handloom, rice mill, zari zardosi, dokra, rakhi, kantha…
As part of the efforts to achieve self-reliance in Defence manufacturing and minimize imports by the Defence Public Sector Undertakings (DPSUs), a positive indigenisation list has been notified by the Defence Ministry. The list includes 2,500 imported items that have already been indigenized and 351 high-value imported items which will be indigenised in the next…
Pisciculture addresses the cultivation and production of fish. When other aquatic animals are included we enlarge the campus to aquaculture. A huge population from South-East Asia, especially from extensive coastal areas depends on Pisciculture. Globally 18.7 million people depend on this for their livelihood. Even not being a major sector in national economies, looking at…
The Reserve Bank of India (RBI) has released detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them. The framework is focused on RBI’s regulated entities (REs) and the loan service providers (LSPs) engaged by them to extend credit facilitation services. The guidelines state that all digital…
India ranks among the top 20 markets for medical devices worldwide, and It is the fourth-largest market for medical devices in Asia. Large global corporations and small and medium-sized businesses (SMEs) are both present in India’s medical device industry, which is expanding at an unprecedented rate. Over the past three years, the market for medical…
The Foreign Trade Policies (FTP) formulated by the Government of India in the past have contained various schemes including certain export incentives and export promotion schemes. It is most certain that the upcoming FTP will also contain such schemes. With the FTP 2021-26 on the anvil, one of its most anticipated and speculated aspects is…
In a bid to boost the 5G ecosystem in the country, the Government of India has decided that the indigenous 5G test bed facility can be used free of cost by recognized startups and MSMEs up to January 2023. Other stakeholders including academia, service providers, R&D institutions, government bodies, and equipment manufacturers, among others, will…
India occupies a significant position in the global education sector. One of the world’s largest networks of institutions of higher learning is found in India. The educational system still has a great deal of room for growth and progress, nevertheless here in India. With about 27% of India’s population in the 0–14 age bracket, the…
According to industry experts, the passenger vehicle sales, in India, this year are expected to be about a quarter of a million units more than the initial projections. In the calendar year 2022, the sales of cars, utility vehicles, and vans are expected to be around 3.6-3.7 million units. Compared to last year, the sales…
The future of open retail is taking shape in India, as the nation rolls out the Open Network for Digital Commerce (ONDC) in 100 cities this month. Spearheaded by Infosys founder Nandan Nilekani, ONDC is a non-profit designed to create a level-playing field in online commerce. It puts tens of millions of kirana stores on a more…
One of the main sources of foreign exchange is tourism. The significance of tourism as a tool for economic growth and job creation, particularly in isolated and underdeveloped areas, has long been understood on a global scale. The advantages of tourism can be improved by either increasing the number of visitors or their time spent…
With economic activities reviving, leasing of industrial and warehousing spaces across five cities rose 7 percent to 10.8 million square feet in January-June period. The gross leasing or absorption stood at 10.1 million square feet in the first six months last year in five major cities namely Delhi-NCR, Mumbai, Chennai, Bengaluru and Pune. The growth…
Sericulture, also known as silk farming is a process of producing silk through the cultivation of silkworms. To be noted that Karnataka’s Sericulture has flourished a lot because of its mulberry cultivation because over 700000 farm families involved in this sector are concentrated in and around Karnataka and Karnataka supports almost 70% of total silk…
India clocked the highest ever defence exports of Rs 12,815 crore in 2021-22. This was a 54.1 percent rise over the previous year. It is pertinent to note that the exports in the financial year 2022 were almost eight times what they were about five years back. According to the reports, India’s defence exports were…
Horticulture can be addressed as a science, rather than an art of production by utilizing horticultural crops. In simple words, it is the art of growing fruits, vegetables, flowers, and other plants as well using usual and upgraded techniques. The process requires intense care to carry out the growing process. India comes second following china…
Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of India’s healthcare sector. Due to its expanding coverage, services, and rising spending by both public and private entities, the sector is expanding at an extremely fast rate. The healthcare market in India is being driven by the…
India has experienced tremendous business and economic growth as a result of the rise in the number of female entrepreneurs. By creating jobs in the nation, influencing demographic changes, and motivating the subsequent generation of female founders, women-owned businesses are playing a significant role in society. Startup India is dedicated to fostering women’s entrepreneurship in…
India in its 75th year of Independence is home to as many as 75,000 registered startups. An “impressive” 7.46 lakh jobs have been created by the Indian startup ecosystem so far, which has been a 110 percent yearly increase over the last six years. While the initial 10,000 startups were recognized in 808 days, the…
The Reserve Bank of India (RBI) has recently asked banks to put in place additional arrangements for export and import transactions in the Indian Rupee (INR) given the increasing interest of the global trading community in the domestic currency. This arrangement was put in place for invoicing, payment, and settlement of exports/ imports in INR…
The landmark Comprehensive Economic Partnership Agreement (CEPA) was recently signed between India and the United Arab Emirates (UAE). It is a landmark agreement because it’s the UAE’s first comprehensive strategic partnership with any country, and it is India’s first Free Trade Agreement (FTA) in a decade. The agreement will give India greater access to the…
The Supreme Court has recently directed the Government to open the GST portal (GSTN) for an additional two-month window, from 1st September 2022 to 31st October 2022 for filling Transition Form-1 (“TRAN-1”) and Transition Form-2 (“TRAN-2”) for settling claims of transitional credit. A transitional tax credit is a component of a company’s tax payment that…
Credit growth to the MSME sector has expanded by Rs 52,800 crores as of mid-July in the current fiscal 2022-23 against a de-growth of Rs 61,000 crore in the similar period previous fiscal, SBI Research said in its ecowrap report. Retail loans during the period expanded by Rs 1.34 lakh crores against a de-growth of…
Over the previous five years, India’s total social sector funding has increased substantially annually every year, from INR 14391 crores in FY 2015-16, it has reached INR 24662 crores in FY 2020-21. According to an analysis of data from the Government’s CSR dashboard, corporations made CSR pledges worth a total of Rs 20,360 crore in…
Five years after the nation-wide implementation of GST, one can comfortably claim that the nation has truly benefited from ‘One nation one Tax’ policy. According to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index India has replaced the United States as the second-most favorable manufacturing hub. As observed over the past five years the logistics…
The revamp of Special Economic Zones (SEZs) through the Development of Enterprise and Service Hub (DESH) Bill will come with a fiscal package, including a possible freeze on direct taxes at 15% for units and hubs until 2032 in case of greenfield and brownfield investment. The plan envisages deferment of basic customs duty and integrated…
With the effects of the pandemic and the tragic second wave that touched us , the educational environment in India underwent a tectonic shift. When the customary student conversation and in-person classroom lectures abruptly disappeared from schools and universities all around the nation, India embraced the new era of remote learning with remarkably swiftness and…
This year, 2 million students are anticipated to take the Common University Entrance Test (CUET) for 200,000 undergraduate university seats. The test preparation business in India has grown as a result of the existence of such a big number of exam takers. In 2020, the Indian private tutoring industry is estimated to be worth over…
India is not too far away from reaching the league of top-10 countries in Biotech’s global ecosystem. India’s bio-economy has grown 8 times in the last 8 years and is worth $80 billion at present. More than 5 thousand startups are registered countrywide as biotech. The Pharma value chain is based on strong partnerships and…
To ensure better compliance and policy formulation GST-registered businesses with annual turnover of more than Rs 5 crore will soon have to generate electronic invoices for B2B transactions. Currently, businesses with turnover of over Rs 20 crore will have to generate e-invoices for B2B transactions. Lowering of the threshold for e-invoicing would significantly expand the…
Technology has been revolutionizing almost every aspect of our lives, from online shopping to education. Literally, everything these days is supported by technological advancements. The infrastructure industry, which is the backbone of our economy, is also no exception. Technology has positively impacted Infrastructure sector as well. For example, using the latest technological advancements, NHAI of…
‘Make in India’ is an initiative which was launched by the Govt. of India on 25th September, 2014 to facilitate investment, foster innovation, build best in class infrastructure to promote India as a hub for manufacturing, design and innovation. It is one of the unique initiatives that showcases India’s manufacturing prowess to the world. Make…
Mining has been a major economic activity in India which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2 percent to 2.5 percent only but going by the GDP of the total industrial sector it contributes around 10 percent to 11 percent. India is the 3rd largest…
Micro, Small, and Medium Enterprises (MSMEs) are known as the backbone of the Indian economy. Considering the significance of MSMEs in economic growth, it is crucial to assist them by removing their working capital-related barriers to growth and SCF (supply chain finance) can be a key enabler in this regard. This is all the more important…
The agriculture sector has long been dominated by middlemen who reap profits at the expense of farmers. Pradhan Mantri Kisan Sampada Yojana (PMKSY) can save India from this trend by creating integrated cold chain and preservation infrastructure facilities. Under the scheme, the Ministry also provides credit linked financial assistance in the form of grants-in-aid to…
The Indian Gems and Jewellery industry is one of the largest industries in the world and it accounts for more than 29% of the world’s jewellery consumption. More than 4.64 million people are employed by this sector, and it also includes more than 30,000 players in the gem and jewellery industries. India is now also…
On 14th June 2022, IBBI amended IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) (Second Amendment) to ease the corporate insolvency resolution process (CIRP) process and bring clarity on contentious issues. Easing of CIRP process and ensure timely completion of IBC resolutions are the main focus of the amendment. Numerous CIRP processes…