The PLI scheme, introduced in 2020, has attracted global players and made India a smartphone manufacturing hub. However, industry stakeholders argue its extension is crucial to achieve the government’s ambitious target of producing $500 billion worth of electronics by 2030.
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Retail inflation in India eased to 5.22 per cent in December 2024, the lowest in three months, driven by a decline in food inflation to 8.39 per cent, its lowest in four months. The moderation offers relief after October’s breach…
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The Global Trade Research Initiative suggests the government simplify the customs duty structure in the upcoming Budget. They recommend reducing slabs to five, taxing raw materials lower than finished goods, and aligning tariffs with national goals. The reforms aim to…
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The conditions are turning favourable for rate cuts in India and the Reserve Bank of India’s (RBI) easing cycle is likely to begin from February, according to a report on Monday.
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Nishant Gupta, Managing Director and Partner at BCG India, highlighted India’s growing appeal as a global manufacturing hub, stating, “India is poised to redefine its role in global trade, with a projected annual growth rate of 6.4 per cent in…
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Ahead of the Maha Kumbh, travel and hospitality firms have reported an increase in bookings for Prayagraj from those who want to attend the festival physically. However, online spiritual and devotional platforms are also expecting a surge in traffic coming…
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