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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 …

Despite the Russia-Ukraine war, US monetary policy, and other global uncertainties, the Indian economy is projected to remain healthy. India may attract the eyes of overseas investors in 2023 as well on account of measures such as the rollout of the production-linked incentive schemes and the projection of healthy economic growth. As per the latest figures of the government, India …

For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. Targeting 14 key sectors, the scheme, with an outlay of Rs 1.97 lakh crore, aimed to create national manufacturing champions, 6 million new jobs and additional production …

It’s Budget time and almost everyone has high expectations of India’s finance minister. Before the previous year’s Budget, the mood was dull, with expectations revolving around government support through regulatory measures, and not much around tax cuts. What we expect from Budget 2022 Fintech • Given the stellar role played by fintech in the financial inclusion of a scale unheard …

As India battles the prevailing third wave of the pandemic and its resultant strain on the economy, India Inc. expects the agenda for Union Budget 2022 to be dictated by measures to boost economic recovery and growth. More PLI schemes announcement likely The government’s vision of ambitious economic growth through an ‘Atmanirbhar Bharat’ needed a radical policy and Production Linked …

Market regulator Sebi is holding a crucial meeting of its board today. Among the most important topics on its agenda are measures to allow private equity firms to acquire or set up their own asset management companies. In a move that could give the founders of new-age companies more flexibility to raise capital before going public, the regulator is expected …

The central government is taking various measures to make India highly competitive in the global economy, Niti Aayog CEO Amitabh Kant said on Saturday. The production-linked incentive scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way, Niti Aayog CEO believed. "It is a $26-billion scheme, which provides production-linked incentives …

Despite several measures taken by the Centre to boost manufacturing, it is the services sector that has contributed most to growth. A relatively low rate of productivity and lack of adequate supply of electricity at competitive rates have also kept growth in India’s manufacturing sector depressed over the years. Lately, the government also took steps towards straightening out structural issues …