Making the most of the new industrial policy
7 years, 6 months ago

Making the most of the new industrial policy

Live Mint  

The framing of the new industrial policy should be seen as an opportunity to chart a meaningful path for industry’s role in India’s development. This will need to be addressed by the new industrial policy, else it risks remaining a structural headwind that will continue to weigh on India’s productivity growth going forward. The new industrial policy should aim to push for technological deepening in sectors where Indian companies are globally competitive and also provide a road map to enable industry to diversify across sectors. While framing the new industrial policy, it would be important to study the extent to which the inexplicably higher interest rates under the framework may have encouraged strong capital flows resulting in rupee strength that is hurting domestic industry.

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History of this topic

DC Edit | Will India Inc Heed PM’s Call?
2 weeks, 5 days ago

DC Edit | Will India Inc Heed PM’s Call?

Deccan Chronicle  

Prime Minister Narendra Modi’s call for Indian companies to focus on research and development to manufacture innovative products for global customers aptly sets out the future agenda for the Indian industry. For several decades, the developed world looked at profit maximisation — the cardinal principle of capitalism — by outsourcing work to Third World countries to reap the benefits of …

PM Modi urges industry to drive manufacturing boom, boost India’s global trade
2 weeks, 6 days ago

PM Modi urges industry to drive manufacturing boom, boost India’s global trade

Live Mint  

Terming India as the “growth engine of the world” amid global political instability, Prime Minister Narendra Modi on Tuesday called on the industry to spearhead a manufacturing revolution to drive economic growth and expand India’s share in global trade. “Our government shown consistency in reform initiatives that has also assured the industry and given it confidence to grow,” the prime …

PM Modi at post-Budget webinar on MSME: Industry should take big steps in manufacturing, take advantage of opportunities available
Trending News
2 weeks, 6 days ago

PM Modi at post-Budget webinar on MSME: Industry should take big steps in manufacturing, take advantage of opportunities available

The Hindu  

Prime Minister Narendra Modi on Tuesday asked the industry not to be a “mere spectator” and take advantage of the opportunities available in the global supply chain. Highlighting India’s role as a growth engine for the global economy, Mr. Modi urged industries to innovate and integrate into global supply chains. I urge you to take big steps to advance the …

World looking at India as trusted partner, industry should take advantage: PM Modi
Top News
3 weeks ago

World looking at India as trusted partner, industry should take advantage: PM Modi

New Indian Express  

NEW DELHI: Prime Minister Narendra Modi on Tuesday asked the Indian industry to take "big steps" for taking advantage of global opportunities at a time when the world is looking at India as a trusted partner, which can produce quality goods. Addressing a post-Budget webinar on Regulatory, Investment and Ease of Doing Business Reforms, Modi also said that amid supply-chain …

India Will Remain the World’s Fastest-Growing Economy in the Coming Years: Modi
1 month ago

India Will Remain the World’s Fastest-Growing Economy in the Coming Years: Modi

Deccan Chronicle  

Bhopal: Prime Minister Narendra Modi on Monday said India will remain the world’s fastest-growing economy in the coming years. The World Bank in its recent Global Economic Prospects Report said India will continue to be the fastest-growing economy in the world in the coming years, Mr. Modi said. He recalled how investors shied away from investing in Madhya Pradesh two …

Karnataka unveils new industrial policy to attract ₹7.5 lakh cr, create 20 lakh new jobs
1 month, 1 week ago

Karnataka unveils new industrial policy to attract ₹7.5 lakh cr, create 20 lakh new jobs

The Hindu  

The Karnataka government on Tuesday announced ‘Karnataka Industrial Policy 2025-30’ to reposition the State and make it the top destination for high technology manufacturing investments in Asia. “The new policy focuses on equitable and sustainable development while aiming to attract ₹7.5 lakh crore in investments and generate 20 lakh new jobs during the policy period,” said Deputy Chief Minister D.K. …

Budget puts focus back on manufacturing sector
Trending News
1 month, 3 weeks ago

Budget puts focus back on manufacturing sector

New Indian Express  

NEW DELHI: In its effort to strengthen India’s manufacturing sector and achieve self-reliance, the Budget 2025-26 has come up with a series of measures to boost local manufacturing. At the heart of the budget lies the National Manufacturing Mission, a program designed to give a fresh push to industries of all sizes—small, medium, and large. “The continued impetus to the …

Budget 2025: More reforms, private investments must for India to become $30 tn economy
1 month, 3 weeks ago

Budget 2025: More reforms, private investments must for India to become $30 tn economy

Live Mint  

India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. Over the past decade, the government has launched strategic initiatives such as Make in India, production-linked incentives, and large-scale infrastructure expansion to propel the manufacturing ecosystem. Dedicated measures have been announced for sectors such as toys, footwear and leather with high job-creation potential aiming to …

Centre Focuses on New Age Sectors’ Investment Plan
1 month, 3 weeks ago

Centre Focuses on New Age Sectors’ Investment Plan

Deccan Chronicle  

New Delhi: For the first time, the government has informed in the Budget 2025 that India will be investing in new age sectors such as toy hubs, the NextGen Powerhouse, global super food like making Makhana and artificial intelligence in the next fiscal year and years to come as well. Apart from funding AI projects in various fields with a …

Focus on business reforms, private sector R&D: Economic Survey
1 month, 3 weeks ago

Focus on business reforms, private sector R&D: Economic Survey

The Hindu  

The Economic Survey 2024-25, tabled in Parliament by Finance Minster Nirmala Sitharaman urges States to take the lead in strengthening India’s manufacturing base. It also noted that even among industrialised States, only a few States like Gujarat, Uttarakhand and Himachal Pradesh have leveraged the sector to “generate reasonable levels of incomes for their people.” It urged States to “focus on …

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections
1 month, 3 weeks ago

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections

Op India  

The Union Finance Ministry on 30 January released the Economic Survey for the financial year 2024-25, ahead of presenting the budget for the next financial year. The Economic Survey 2024-25 provides a detailed assessment of India’s economic performance over the past year and outlines future growth prospects. The survey also notes the growth in insurance industry and expansion of India’s …

India’s electronics sector largely focused on assembly; slump in design, component manufacturing: Economic Survey
1 month, 3 weeks ago

India’s electronics sector largely focused on assembly; slump in design, component manufacturing: Economic Survey

New Indian Express  

NEW DELHI: India's electronics sector has largely focused on assembly, with limited progress in design and component manufacturing, according to the Economic Survey for 2024-25. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday, also noted that India holds 4 per cent of the global electronics market share. “The industry has largely focused on assembly, with limited …

India's budget will seek to propel $3.7 tn economy with AI and tech investments
1 month, 3 weeks ago

India's budget will seek to propel $3.7 tn economy with AI and tech investments

Live Mint  

As India seeks to consolidate its $3.7 trillion economy, drive sustainable growth across sectors, accelerate its digital transformation and become an artificial intelligence -first economy, finance minister Nirmala Sitharaman is expected to provide in the upcoming budget strategic policies that will drive innovation, strengthen local manufacturing, and equip the workforce for emerging opportunities. The hope is that by investing in …

Time is running out to revive India’s manufacturing sector
2 months, 3 weeks ago

Time is running out to revive India’s manufacturing sector

Live Mint  

Among these was weak manufacturing, which grew only 2.2%. While the debate on whether this is cyclical or structural is likely to continue, there is certainly a cause for worry as far as the manufacturing sector is concerned. From 2017-18 to 2022-23, enterprises in the organized manufacturing sector increased at 1.3% annually. The number of workers in the organized factory …

India maps industrial park route to turn factory giant
2 months, 3 weeks ago

India maps industrial park route to turn factory giant

Live Mint  

Mumbai/New Delhi: India is finally going the ‘industrial park’ way to streamline the country’s manufacturing ecosystem, bearing in mind neighbour China’s phenomenal success through this approach. “The idea is to designate areas where it is easier to provide facilities for companies," the first official said, adding that there has been criticism that India’s manufacturing development “has been sporadic and not …

India Inc urges govt to implement industry-friendly reforms
Trending News
3 months ago

India Inc urges govt to implement industry-friendly reforms

Deccan Chronicle  

New Delhi: India Inc on Sunday urged the government to implement industry-friendly reforms, proposing India's priority sector lending framework and advocating for the inclusion of emerging and high-impact sectors such as digital infrastructure, green initiatives, healthcare and innovative manufacturing. “Similarly, sectors like infrastructure and innovative manufacturing lack adequate PSL focus despite their potential to drive economic growth. We could look …

Indian manufacturing must adapt to constant flux in a dynamic world
3 months ago

Indian manufacturing must adapt to constant flux in a dynamic world

Live Mint  

The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions. Focused reforms since then, including the production-linked incentive schemes and ‘Make in India’ initiative, combined with infrastructure development programmes, trade agreements and stronger participation in …

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman
3 months, 1 week ago

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry to “realign and reset” itself based on the lessons learnt in the last decade, Ms. Sitharaman said the supply chains should be widespread lest geopolitical risks disrupt it. “Economic and commercial considerations today will have …

Industry should realign itself keeping political, strategic policies in mind: Nirmala Sitharaman
3 months, 1 week ago

Industry should realign itself keeping political, strategic policies in mind: Nirmala Sitharaman

Live Mint  

New Delhi, Dec 11 Finance Minister Nirmala Sitharaman on Wednesday said the industry will have to realign its policies keeping in mind political and strategic decisions of the country. Sitharaman said the economy has to "clawback" more to regain its strength after the Covid pandemic and any skirmish or war will impact the supply chains and food value chains. Talking …

India unveils $5 billion plan to strengthen domestic electronics component production
4 months ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

Navigating the Future: A Global Dialogue on Industrial Policy and Global Competitiveness
4 months, 3 weeks ago

Navigating the Future: A Global Dialogue on Industrial Policy and Global Competitiveness

Live Law  

The NALSAR International Conference on 'Navigating the Future: Industrial Policy and Global Competitiveness' will be held in Hyderabad, India from January 17 to 19, 2025. The conference will bring together experts from various fields to discuss the resurgence of industrial policy and its implications for global trade. Key themes include climate change mitigation, economic rationale of industrial policy, WTO's evolving …

India's Economic Potential Soars as Global Landscape Shifts
Trending News
5 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

Smart industrial cities can propel India towards its export targets
6 months, 3 weeks ago

Smart industrial cities can propel India towards its export targets

Live Mint  

India’s recent policy decision to create 12 smart industrial cities under the National Industrial Corridor Development Programme looks set to transform Indian manufacturing and create significant employment. The policy will play a significant part in promoting India’s export capabilities and also help boost the country’s share in global value chains. Government initiatives such as the Smart City Mission, industrial corridor …

India’s economic policy will not make it rich
7 months, 2 weeks ago

India’s economic policy will not make it rich

Hindustan Times  

The developing world has fallen back in love with economic planning. At current growth rates, it will take India three-quarters of a century to reach a quarter of America’s income per person. Indermit Gill, the bank’s chief economist, Somik Lall, one of his advisers, and co-authors argue that the fad for industrial policy, especially as practised in India and Indonesia, …

Industrial policy agenda for the new government
8 months, 2 weeks ago

Industrial policy agenda for the new government

Hindustan Times  

With the new government sworn in, the focus should now be on adopting a new industrial policy. The revival of industrial policy in India after giving primacy to market forces since the 1991 reforms is part of a global trend. Other than PLI, India’s industrial policy has included measures to improve industrial and logistical infrastructure, reduction of the compliance burden …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
1 year ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047
1 year ago

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047

Deccan Chronicle  

New Delhi: Exuding confidence in India to become the third largest economy in the world, Union finance minister Nirmala Sitharaman on Tuesday said that the country should become a global hub for artificial intelligence or AI and India would set up centres of excellence for the same. Anticipating the nation to become a developed nation or ‘Viksit Bharat’ by 2047 …

India Inc confident of achieving $5 trillion economy, country to grow over 6.50 per cent in FY25: Survey
1 year, 2 months ago

India Inc confident of achieving $5 trillion economy, country to grow over 6.50 per cent in FY25: Survey

India TV News  

India Inc expresses confidence in achieving a USD 5 trillion economy with support from the central government in infrastructure investments, additional reforms, and enhanced technology adoption, according to a CXO survey by Deloitte Touche Tohmatsu India LLP. The survey indicates that about 50 per cent of India Inc is optimistic about the country posting above 6.5 per cent growth in …

New industry friendly policy in the offing: Minister
1 year, 2 months ago

New industry friendly policy in the offing: Minister

The Hindu  

The Congress government will soon announce a new industry-friendly policy to provide fresh impetus to industrial growth with necessary changes in rules and incentives to the Medium, Small and Micro Enterprises as per the wishes of the citizens of Telangana, said Minister for IT and Industries D. Sridhar Babu on Wednesday. Participating in an interaction meeting with the industrial bodies …

Core comfort: on the policy environment
1 year, 7 months ago

Core comfort: on the policy environment

The Hindu  

Output at India’s eight core sectors strengthened hearteningly in June, with the overall year-on-year growth in production estimated to have quickened to a five-month high of 8.2%. And cement posted an almost double-digit increase reflecting the continuing momentum in demand, a slight softening in the pace from the preceding two months on account of the onset of monsoon rains notwithstanding. …

Our PLI schemes are in need of a coherent trade policy
1 year, 9 months ago

Our PLI schemes are in need of a coherent trade policy

Live Mint  

The recent spat between former Reserve Bank of India governor Raghuram Rajan and electronics and information technology minister Ashwini Vaishnaw over the former’s criticism of the production-linked incentive scheme for semiconductors and other manufacturing sectors is part of an ongoing debate on India’s manufacturing policies. Indeed, India’s attempts at kick-starting large-scale ICT manufacturing ignores the uncomfortable realities of GVCs, which …

At the root of India’s manufacturing challenge
1 year, 9 months ago

At the root of India’s manufacturing challenge

The Hindu  

The issue of manufacturing or services as the desirable path for India’s economy makes the rounds in public fora periodically. In the early part of this century, when India’s software exports were booming, it had been asked why India’s services sector should not leapfrog over manufacturing to propel the economy forward. Unimpressive record After the economic reforms of 1991, the …

India is making its mark in the world
1 year, 9 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Centre notifies National Medical Device Policy
1 year, 10 months ago

Centre notifies National Medical Device Policy

Live Mint  

New Delhi: The Union government on Thursday notified the National Medical Device Policy 2023, aiming to establish India as a global leader in manufacturing and innovation of medical devices by achieving a 10-12% share in the expanding global market over the next 25 years. The policy, detailed in a gazette notification issued on Thursday, outlines a regulatory mechanism, protocol for …

Andhra Pradesh: IT Minister unveiled new industries policy at Vishakapatnam
1 year, 11 months ago

Andhra Pradesh: IT Minister unveiled new industries policy at Vishakapatnam

Deccan Chronicle  

Visakhapatnam: Andhra Pradesh State Industries and IT Minister Gudivada Amarnath unveiled the new industrial policy of the state governments in Visakhapatnam on Monday. IT Minister Gudivada Amarnath said that Chief Miniter Jagan Mohan Reddy's government has given priority in this new industrial policy to the sectors neglected by the previous governments. Karikala Vallavan, Special Chief Secretary of the Industries Department, …

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh
2 years, 1 month ago

Manufacturing cutting-edge products need of the hour to attain ‘Aatmanirbharta‘: Rajnath Singh

Live Mint  

Defence Minister Rajnath Singh has called upon Indian & global industry leaders to support the Government’s endeavour to design, develop and manufacture cutting-edge products, using critical technologies, within the country to attain complete ‘Aatmanirbharta’ in defence, with the overall objective of achieving shared global peace and prosperity. Rajnath Singh assured industry leaders that the government is open to new ideas …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
2 years, 1 month ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

The global economy needs a new powerhouse. India is stepping up
2 years, 2 months ago

The global economy needs a new powerhouse. India is stepping up

Live Mint  

India’s economic transformation is kicking into high gear.Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. “India is on the cusp of huge change,” said Nandan Nilekani, a founder of Infosys Ltd., one of the nation’s largest technology services companies. “A lot of companies feel that given its size, given its young …

Budget 2023: How to accelerate growth of Indian manufacturing sector
2 years, 2 months ago

Budget 2023: How to accelerate growth of Indian manufacturing sector

India TV News  

Budget 2023: In recent years, the government has implemented a number of supply-side policies to boost manufacturing, and thus investment and Economic growth. According to the experts, the union budget for 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.“The Indian manufacturing sector anticipates …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years, 3 months ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

Agenda 2030: A bumpy road ahead?
2 years, 7 months ago

Agenda 2030: A bumpy road ahead?

Hindustan Times  

With more than half the 193 UN member-States lacking clear datasets in terms of geographical coverage, timeliness and level of disaggregation, SDG monitoring will have to be improved across regions, sectors and groups of people. Even the 2022 Financing for Sustainable Development Report documented the rising rates of indebtedness in over 60% least developed countries, highlighting the need to reduce …

India Inc could play a lead role in our economy’s global emergence
2 years, 8 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

Govt Plans Booster Shot for Medical Devices Sector to Make India One of Top 5 Global Manufacturing Hubs
3 years ago

Govt Plans Booster Shot for Medical Devices Sector to Make India One of Top 5 Global Manufacturing Hubs

News 18  

The Narendra Modi government plans a big boost for India’s medical devices sector, making its first move by releasing a draft policy exclusively for the industry, which until now has been kept under the policy to regulate pharmaceuticals. According to the approach paper on draft National Medical Devices Policy 2022, released by the department of pharmaceuticals that comes under the …

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India
3 years, 1 month ago

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India

News 18  

On January 24, the Minister for Electronics and Information Technology, Ashwini Vaishnaw released the vision document on the opportunities and growth of domestic electronics manufacturing. Titled “$300 bn Sustainable Electronics Manufacturing & Exports by 2026”, the report looks at the systemic changes needed to build the manufacturing capability for the domestic sector. While some electronics goods require a large number …

An enabling framework to drive the technology sector’s growth
3 years, 1 month ago

An enabling framework to drive the technology sector’s growth

Live Mint  

The strong third-quarter results announced by India’s technology companies in an otherwise seasonally-weak quarter reinforces the reading that global demand for technology remains buoyant and the industry is emerging as the partner of choice for enterprise digital transformation. It will require a partnership with the government on developing the tech ecosystem and reinforcing Digital India’s innovation capability in existing and …

Explained: Why India's economy needs a manufacturing push
3 years, 6 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Auto sector must change approach: PM
3 years, 6 months ago

Auto sector must change approach: PM

The Hindu  

In a message to the automobile manufacturers, Prime Minister Narendra Modi on Wednesday said the next 25 years are very important for the country and there is a need for government and industry to work together for next-generation infrastructure, world-class manufacturing and new age technology. “There are rapid changes taking place in technology, lifestyle and economy and old approaches and …

India will become hub for automobile manufacturing in next 5 years: Nitin Gadkari
3 years, 7 months ago

India will become hub for automobile manufacturing in next 5 years: Nitin Gadkari

India TV News  

Minister of Road Transport and Highways Nitin Gadkari on Tuesday expressed hope that India will become a hub for automobile manufacturing in the next five years. As we are working on technologies involving ethanol, methanol, bio-diesel, Compressed Natural Gas, Liquefied natural gas, electric and green hydrogen, I believe that India will become a hub for automobile manufacturing in next five …

India must get its manufacturing policy right this time
4 years, 3 months ago

India must get its manufacturing policy right this time

Live Mint  

Two headlines in Mint point to a window of opportunity for India to fix a festering problem of its economy. The first: “India in a Deglobalizing World”; and the second: “PLI Wind in Sails for India Inc.” India’s manufacturing sector lacks sufficient depth for a large country. In 1990, India’s manufacturing sector was comparable with China’s. Not only has China …

Government Working to Make India an Automobile Manufacturing Hub in the Next 5 Years: Nitin Gadkari
4 years, 4 months ago

Government Working to Make India an Automobile Manufacturing Hub in the Next 5 Years: Nitin Gadkari

News 18  

Road Transport and Highways minister Nitin Gadkari said on Monday that the centre is working to make India an automobile manufacturing hub in the coming 5 years. “Government is also working towards making India a global automobile manufacturing hub in the next five years. This, he felt, is possible as India’s auto industry has made significant strides in terms of …

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