Corporate India crossed a major milestone in December, with the cumulative number of “active” or operational companies breaching the two-million mark. This reflects a brisk formalization of the economy, aided by robust investor optimism about longer-term growth, structural reforms and easing compliance burden in recent years, a senior government official said. The increase from 1.5 … Read more
The country’s industrial output reached a two-year high, growing by 6.7 per cent in November, according to the official Index of Industrial Production (IIP) data released Monday.This marks an improvement from the 5 per cent growth recorded in November last year, according to data released by the National Statistics Office (NSO). The surge was largely … Read more
India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank, … Read more
Although low inflation rate and high growth led the Monetary Policy Committee (MPC) to reduce repo rate by 25 basis points (bps) earlier this month to support growth, the drastic fall in inflation numbers remained a cause for concern, the minutes of the MPC released by the Reserve Bank of India (RBI) on Friday indicate. … Read more
India’s consumer goods and auto majors are stepping up fresh investments in manufacturing over the next two years, betting on sustained demand growth as the impact of the goods and services tax (GST) reforms begins to show and commodity prices remain under control. FMCG firms such as Nestle, Godrej Consumer Products, Reliance Consumer Products, JHS … Read more
The Ministry of Commerce and Industry has initiated a number of ease of doing business compliance measures over the last month to help domestic businesses, while also protecting them from dumping from abroad by launching anti-dumping investigations on at least 15 product lines. However, the Export Promotion Mission, announced in Budget 2025, is yet to … Read more
New project announcements by the Indian private sector surged to nearly a 15-year high in the first half of the ongoing financial year 2025-26, even as new government projects and those by foreign companies slumped during this period. The value of new project announcements by governments in India — both Central and State — fell … Read more
Finance minister Nirmala Sitharaman on Thursday called upon banks and financial institutions with strong balance sheets to step up lending for public infrastructure, industry and the MSME sector.Addressing the Foundation Day event of Bank of Maharashtra, Sitharaman highlighted the critical role of banks amid growing global uncertainty. “The global environment has become increasingly unpredictable. The … Read more
Financial Services Secretary M Nagaraju on Thursday said a fresh investment cycle is “vital” for the economy at this stage, and urged India Inc to step up their investments. In comments that come amid widespread concerns over sluggish private capital expenditure, Nagaraju said corporates are better placed for investments, pointing out that they are “enjoying … Read more