India has become a leading hub for Global Capability Centres (GCCs), with over 825 GCCs from Forbes Global 2000 companies employing 1.3 million professionals. Bengaluru and Hyderabad stand out, while emerging cities gain traction. Key sectors include BFSI, Manufacturing, and…
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With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world, the government said on Wednesday.
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The COVID-19 pandemic’s impact on global supply chains has driven companies to diversify from China, presenting an opportunity for India to become a major electronics hub. Budget 2025 aims to support this ambition through substantial investments, incentives, and a focus…
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India’s steel ministry seeks 150 billion rupees from the budget for incentives to produce low-carbon steel. The plan includes reducing emissions, boosting R&D, and promoting renewable energy loans. The incentives, aimed at achieving a 2070 net-zero target, will be in…
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India’s economic outlook for 2025 presents cautious optimism with consumer spending expected to recover, aided by a positive outlook for agriculture and rural consumption, according to the latest Economic Outlook Survey by the Federation of Indian Chambers of Commerce and…
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The current import duty system contradicts the government’s “Make in India” initiative, which aims to boost local manufacturing. India’s reliance on imported medical devices remains high, with imports exceeding ₹69,000 crore in 2023-24, a 13per cent rise from the previous…
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