Recommendations for Textiles and Apparel industry
25 Nov 2019 The textiles and apparel industry is one of the largest employers in India’s manufacturing sector, employing over 45 million workers. Given the intrinsic labor-intensive nature of textiles manufacturing, this sector holds tremendous potential for future employment which could go up to 62 million by 2022 with an estimated addition of 17 million […]
Recommendations for Pharmaceuticals industry
27 Nov 2019 The Indian pharma industry, along with biotechnology, has the potential to grow to $ 200 billion by 2025. CII recommends the following measures to tap this potential. Short-term Measures 1. Industry Image and Quality Every third pill swallowed in the US is from India, and the case is similar in many other […]
Recommendations for Capital Goods industry
28 Nov 2019 The capital goods sector serves all sectors of the manufacturing economy. A robust, efficient and technologically-advanced capital goods sector can provide a boost to overall manufacturing in India. The Government envisions to become a $ 5 trillion economy in the next 7 years from the current $ 2.5 trillion, and the manufacturing […]
Indian Start-ups Shaping the Nation’s Economy
03 Jul 2020 There has been a significant rise in the number of start-ups in India in the last few years and a large number of start-ups have been launched across diverse sectors such as fintech, AI (Artificial Intelligence), medtech, edtech, hospitality, automobiles and more. There was an addition of more than 1,300 start-ups in 2019. […]
Global Trends
08 Jul 2020 As the world continues to reel under the impact of the novel coronavirus, the global economic situation is getting worse by the day. The latest GDP data from the major economies reveals that the economic activity around the world has crumbled in the aftermath of the pandemic. GDP growth in the US […]
Easing Doing Business for Cost Competitiveness
13 Jul 2020 Improving the ease of doing business is critically important to attract investors. According this high priority, the Central and state governments have introduced a slew of reforms across various areas. Consequently, India’s ranking in the World Bank’s Doing Business Report has been climbing – it was 142nd (out of 190 economies) in 2014 […]
Indian Heritage – Eastern India
24 Dec 2019 The East and North East parts of India are well known for their distinct culture and traditions. Brimming with history, nature and tourist-friendly destinations, the states in these parts are blessed with a rich cultural heritage that makes them ideal for nature lovers, trekkers, wildlife enthusiasts and anyone interested in learning […]
Doing business in India getting easier
30 Dec 2019 India has once again recorded an impressive improvement in the global Doing Business ranking of the World Bank. Doing Business Report 2020, released on 24 October 2019, showed the country jumping by 14 spots to 63rd position (out of 190 economies), which is the 5th successive improvement from a position of 142 rank in […]
A Gradual Recovery Expected in 2020
01 Jan 2020 As we are set to usher in the new year, there are nascent signs that the economy is on a better footing than what it was in the year gone by. With the proactive measures taken by the government and the Reserve Bank of India (RBI), industry believes that the slowdown will be overcome, and a gradual recovery will soon be in place. “The results are fast percolating through and becoming increasingly evident on […]
Public Sector Enterprises – the Tree of Life for the Indian Economy
14 Jan 2020 Public Sector Enterprises (PSEs), better known as state-owned enterprises, have been an integral part of the Indian economy since Indian independence in 1947. The objective of setting these up was to ensure self-reliance in industries of national strategic importance, as also promote production within India, especially in industries where the private sector […]