Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat
5 months, 2 weeks ago

Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat

Live Mint  

As promised in the Interim Budget 2024-2025 by finance minister Nirmala Sitharaman, it was heartening to see the detailed and comprehensive road map for Viksit Bharat in the full budget. In fact, inspired by Prime Minister Narendra Modi’s vision, FICCI’s four priority areas, namely manufacturing, farm-led growth, women-led development and sustainability, closely mirror the thrust areas highlighted in the budget. Further, the budget’s focus on manufacturing, MSME and employment will be a decisive factor in our journey towards Viksit Bharat. Prime Minister’s Package for Employment and Skilling announced in the budget, namely employment-linked incentives for first-timers, job creation in manufacturing and support to employers, will provide the much-needed impetus to absorb the growing labour force in manufacturing and MSMEs.

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India's manufacturing activity grew at its weakest pace in 2024
6 days, 22 hours ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s manufacturing growth at 12-month low in December
Trending News
1 week ago

India’s manufacturing growth at 12-month low in December

Live Mint  

New Delhi: India’s manufacturing growth slowed to a 12-month low in December amid a softer increase in factory orders and production, a private survey said. The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, was recorded at 56.4 in December, down from 56.5 in November. According to the survey, at 56.4 in December, the seasonally adjusted HSBC India …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
1 week ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Indian economy set for resilient growth in 2025; urban consumption, infra investment to be key: S&P
4 weeks, 2 days ago

Indian economy set for resilient growth in 2025; urban consumption, infra investment to be key: S&P

Firstpost  

In its India outlook for 2025, S&P also retained India’s growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26 S&P Global Ratings on Tuesday said the Indian economy is set for “resilient growth” in 2025 and projected inflation pressure to recede which will lead to “modest” easing of the monetary policy by …

Building on the revival of the manufacturing sector
1 month ago

Building on the revival of the manufacturing sector

The Hindu  

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

Viksit Bharat needs aspirational thinking and coordinated action
1 month, 3 weeks ago

Viksit Bharat needs aspirational thinking and coordinated action

Live Mint  

India’s GDP growth of 8.2% in 2023-24, amid global headwinds and market volatility, is more than just an economic indicator. As we chart our course towards becoming a developed nation by 2047, Indian industry’s vision of Viksit Bharat demands aspirational thinking and decisive, coordinated actions across government, industry and all other stakeholders. Our journey towards a $30 trillion economy rests …

Trade Fair 2024 tickets: From ticket prices to timing, all you need to know about India International Trade Fair
1 month, 3 weeks ago

Trade Fair 2024 tickets: From ticket prices to timing, all you need to know about India International Trade Fair

Live Mint  

India International Trade Fair 2024: The 43rd India International Trade Fair is underway at the Bharat Mandapam Complex in New Delhi. Ticketing: Online Tickets can be purchased through: Momentum 2.0 Delhi Sarathi app Bharat Mandapam app Official ITPO website: www.indiatradefair.com DMRC website: www.itpo.autope.in QR codes on these platforms provide a fast, secure way to purchase tickets. Ticket Prices: Business Days …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
2 months, 1 week ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

Budget 2024: Transformative approach to skill development and employment growth
5 months ago

Budget 2024: Transformative approach to skill development and employment growth

Hindustan Times  

Budget 2024 reflects a transformative approach to realising the vision of ‘Viksit Bharat’. Budget 2024, has provisioned for the establishment of the Critical Mineral Mission, to focus on advanced training and skill development. The approach to inclusivity in Budget 2024 is also emphasised through the Inclusive Human Resource Development and Social Justice. Moreover, the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, …

Big Focus Is On MSME Sector As It Generates Crores Of Jobs: PM Modi
5 months, 1 week ago

Big Focus Is On MSME Sector As It Generates Crores Of Jobs: PM Modi

News 18  

Prime Minister Narendra Modi on Tuesday said that the government has a big focus on the MSME sector as it generates crores of jobs. “The manufacturing ecosystem has transformed in the last 10 years, our big focus is on the MSME sector as it generates crores of jobs,” PM Modi said. “Today India has 1.40 lakh startups and 8 crore …

NITI Aayog meeting: PM says only ‘Viksit’ states can make ‘Viksit’ Bharat
5 months, 1 week ago

NITI Aayog meeting: PM says only ‘Viksit’ states can make ‘Viksit’ Bharat

New Indian Express  

NEW DELHI: Chairing the meeting of the ninth Governing Council of NITI Aayog on Saturday, Prime Minister Narendra Modi asserted that the ambitious goal of ‘Viksit Bharat 2047’ could be realized only through the collective efforts of all states. Viksit states will make Viksit Bharat,” PM Modi said, while stressing that the vision of a developed India by 2047 was …

Budget 2024: A blueprint for sustainable growth and employment
5 months, 2 weeks ago

Budget 2024: A blueprint for sustainable growth and employment

The Hindu  

I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. The support for the manufacturing sector, a package for employment generation, and the skilling and upskilling for 4.1 crore youth across sectors, are some of the key highlights of this budget. This, coupled with …

Chhattisgarh seeks additional aid from FC, cites 'challenging' geographical conditions
5 months, 4 weeks ago

Chhattisgarh seeks additional aid from FC, cites 'challenging' geographical conditions

New Indian Express  

RAIPUR: Chhattisgarh has presented its strong case for additional assistance before the 16th Finance Commission in Raipur on Thursday, asserting that the state had to carry the burden of added expenditures owing to its difficult geographical conditions and terrain. While speaking during a meeting of the Finance Commission, Chief Minister Vishnu Deo Sai claimed that the arduous geographical topography and …

HT interview: Committed to empowering poor, women, middle class, says Modi
7 months, 4 weeks ago

HT interview: Committed to empowering poor, women, middle class, says Modi

Hindustan Times  

New Delhi: Prime Minister Narendra Modi has said he is committed to strengthening and structuring the GYANM model that empowers Gareeb, Yuva, Annadata, Nari Shakti, and Middle Class in such a way that they become the architects of Viksit Bharat or developed India. Prime Minister Narendra Modi said he never thinks about what is next for him “Having filled the …

Viksit Bharat: Prime Minister Narendra Modi’s Vision for a Developed India
9 months, 2 weeks ago

Viksit Bharat: Prime Minister Narendra Modi’s Vision for a Developed India

News 18  

Ever since assuming office as the Prime Minister of India, Narendra Modi’s vision has extended far beyond the ordinary realms of governance to an ambitious and grand vision to create a new and developed India. Central to this is the concept of ‘Viksit Bharat’ or Developed India, a transformative vision aimed at catapulting India into the league of developed nations …

Rising Bharat Summit 2024: India-made Semicon to hit the market by Dec 2024, says IT Min Ashwini Vaishnaw
9 months, 3 weeks ago

Rising Bharat Summit 2024: India-made Semicon to hit the market by Dec 2024, says IT Min Ashwini Vaishnaw

Firstpost  

India will see the first made-in-India semiconductor by December 2024, Union IT Minister Ashwini Vaishnaw declared today at the News18 Rising Bharat Summit 2024. He also revealed just how close the mission is to PM Modi’s vision of Viksit Bharat With several chip manufacturers setting up shop and investing in India, Indian consumers will see the first made-in-India semicon chip …

Finance Minister Sitharaman Sets Vision for India's Global Leadership in AI by 2047
10 months, 1 week 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 …

Union Finance Minister Nirmala Sitharaman confident of India Inc aligning to country's developmental goals
10 months, 1 week ago

Union Finance Minister Nirmala Sitharaman confident of India Inc aligning to country's developmental goals

The Hindu  

Finance Minister Nirmala Sitharaman on February 27 exuded confidence that India Inc will align itself to the developmental goals of the nation with an objective of making the country a developed nation or 'Viksit Bharat' by 2047 on the 100th anniversary of independence. Ms. Sitharaman said Prime Minister Narendra Modi has clearly indicated that the goal of Viksit Bharat is …

‘Take giant leap towards Viksit Bharat in next 5 years’: PM Modi to BJP leaders
10 months, 3 weeks ago

‘Take giant leap towards Viksit Bharat in next 5 years’: PM Modi to BJP leaders

Hindustan Times  

Prime Minister Narendra Modi on Sunday vowed to work towards Viksit Bharat and take a giant leap towards the goal over the next five years saying that now was the time to realise the dream and vision of a Viksit Bharat. PM Narendra Modi Read here: PM Modi implemented concept of Ram Rajya, says BJP resolution While addressing the national …

Interim Budget: Plans Afoot on Making India Developed Nation by 2047
11 months, 1 week ago

Interim Budget: Plans Afoot on Making India Developed Nation by 2047

Deccan Chronicle  

New Delhi: As India has been witnessing robust economic growth, the interim budget of 2024 has set a vision to make India a developed nation by 2047 with several measures, including containing fiscal deficit to manageable levels, momentum to nari shakti, welfare of farmers, empowering youth and poor, boosting agriculture & food, solar & electric vehicles, resilient performance of Indian …

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor
11 months, 1 week ago

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor

India TV News  

Applauding the 'progressive budget' presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi said that the interim Budget has given the guarantee of a Vikishit Bharat by 2047. PM Modi said that this interim budget is inclusive and innovative and has confidence of continuity. PM Modi said, adding, "This interim budget is inclusive and innovative. Meeting the needs …

Interim Budget 2024: Here's how government can boost domestic manufacturing
11 months, 1 week ago

Interim Budget 2024: Here's how government can boost domestic manufacturing

India Today  

The countdown to the Interim Budget 2024-25 has begun, and leaders from various sectors are voicing their hopes and expectations, particularly centered around strengthening domestic manufacturing. Ashok Rajpal, Managing Director of Ambrane India, highlighted the positive impact of Production-Linked Incentive schemes and manufacturing incentives on the consumer electronics industry. “The PLI schemes and various manufacturing incentives have already proven instrumental …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 7 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 11 months 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 …

Budget 2023: How to accelerate growth of Indian manufacturing sector
1 year, 11 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 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, …

India's manufacturing activities remain strong in October: survey
2 years, 2 months ago

India's manufacturing activities remain strong in October: survey

The Hindu  

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. “The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum,” Pollyanna De Lima, economics …

India committed to reach $300 bn worth of electronics manufacturing by 2025-26
2 years, 3 months ago

India committed to reach $300 bn worth of electronics manufacturing by 2025-26

Live Mint  

New Delhi: Emphasising that India can achieve the target of $300 billion worth of electronics manufacturing and exports by 2025-26, the MoS for Electronics and IT, Rajeev Chandrasekhar said that the government is committed to work in partnership with all states to support startups and entrepreneurs keen on investing in this sector - to reach this mark. The minister was …

Strong infra crucial for growth
2 years, 6 months ago

Strong infra crucial for growth

The Hindu  

The Indian government launched its ‘Make in India’ initiative in September 2014 to focus on the growth of the manufacturing sector. India’s weak infrastructure continues to be one of the biggest challenges for the manufacturing sector. India has come a long way in developments like digitalisation across state boundaries, building inter-connected expressways, better power facilities etc., but we are still …

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India
2 years, 11 months 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 …

‘India can make $300-bn electronics by 2026’
2 years, 11 months ago

‘India can make $300-bn electronics by 2026’

The Hindu  

Given the ‘unforeseen and unprecedented’ challenges brought by the pandemic, India is likely to achieve electronics production of $300 billion by 2026, lower than the target of $400 billion by 2025 set as per the National Policy on Electronics 2019, according to a vision document released by Ministry of Electronics and IT in association with the India Cellular & Electronics …

Explained: Why India's economy needs a manufacturing push
3 years, 4 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 …

2020 could be for manufacturing what 1991 was for our economy
4 years, 2 months ago

2020 could be for manufacturing what 1991 was for our economy

Live Mint  

India, once a predominantly agrarian economy, has come to be acknowledged globally as a software/ information technology giant. While there have been state interventions aimed at industrialization, ranging from the “temples of modern India” to special economic zones, an Indian manufacturing revolution never really took off in earnest. His government launched an ambitious “Make in India” programme in September 2014 …

Government working to make India as global manufacturing hub: Niti Aayog CEO
4 years, 2 months ago

Government working to make India as global manufacturing hub: Niti Aayog CEO

Live Mint  

The government has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports, Niti Aayog CEO Amitabh Kant said on Tuesday. "The Government of India has been working on multiple fronts to position India as a truly global manufacturing hub with a strong focus on exports.Aatmanirbhar Bharat does not mean …

Misses in manufacturing
4 years, 10 months ago

Misses in manufacturing

The Hindu  

ONE of the highlights of the latest Economic Survey is its optimism that India will be able to create 40 million well-paid jobs in manufacturing by 2025. According to the recent Periodic Labour Force Survey, manufacturing employment in India in 2017-18 was only 60.2 million, which was 12.8 per cent of the country’s total workforce in that year. According to …

To create jobs, an industrial policy focused on labour-intensive industries is key
5 years, 7 months ago

To create jobs, an industrial policy focused on labour-intensive industries is key

Hindustan Times  

Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991 This is the opposite of what was achieved in Japan, Korea, Taiwan and China. By contrast, in India the labour intensive manufacturing sectors like food processing, …

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