New Delhi, June 22 (IANS) Apex industry body ASSOCHAM on Monday welcomed the agreement reached between the US and Iran in Switzerland to ensure safe commercial shipping through the Strait of Hormuz, saying the development is expected to ease global crude oil prices and deliver significant benefits to the Indian economy.The chamber said the breakthrough — which comes amid heightened geopolitical tensions in the region — could help restore stability to global energy markets and reduce risks asso…
Latest Assocham News & Updates
New Delhi, June 12 (IANS) India’s Purchasing Managers’ Index (PMI) has shown strong resilience despite the winds of war in West Asia and rising energy input prices, according to an Assocham report on Friday.The PMI for India in May stands at 59.3, significantly higher than in all the major top 10 economies, with China at 54, the US at 51.5, Japan at 51.1 and Italy at 50.4.From January to May 2026, India’s PMI maintained a steady expansion despite global economic turbulence, according to Asso…
New Delhi, June 11 (IANS) India’s pharmaceutical market is expected to grow to $120-130 billion by 2030 from an estimated $55 billion in 2025, and pharmaceutical exports have crossed $30 billion in FY25, a report said on Thursday.The report from ASSOCHAM said India supplies around 20 per cent of the world’s generic medicines by volume and contributes over half of UNICEF’s vaccine procurement requirements, underlining the country’s role in global healthcare supply chains.The next phase of gro…
New Delhi, June 11 (IANS) India is rapidly emerging as a global pharmaceutical powerhouse and is well-positioned to lead the next wave of biopharmaceutical innovation, Union Minister of State for Health & Family Welfare and Chemicals & Fertilisers Anupriya Patel said on Thursday. While addressing ASSOCHAM’s Pharma Summit & Awards 2026, she highlighted the government’s efforts to strengthen domestic manufacturing, promote innovation, and build a resilient healthcare ecosystem capable …
New Delhi, June 10 (IANS) India has witnessed strong and broad-based economic transformation over the past 12 years, with major gains across growth, manufacturing, services, external sector performance and investment climate, ASSOCHAM President Nirmal K Minda said on Wednesday.Congratulating Prime Minister Narendra Modi on becoming the longest-serving Prime Minister of India, Minda said the country has achieved multiple milestones under his leadership.“Our economy’s growth fundamentals have …
New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…
New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.“High growth of intermediate goods at 7.7 per cent, infrastructure/construction goods at 7.1 per cen…
New Delhi, May 22 (IANS) India is better placed to manage retail inflation among the top 10 economies, according to an analysis by leading industry chamber Assocham on Friday, suggesting the RBI to maintain the repo rate status quo while introducing liquidity, interest subvention and moratorium support measures.India’s inflation stood at 3.2 per cent in February 2026 and rose to 3.5 per cent in April, a 0.3 percentage-point increase.This performance is better than the significant increase in t…
New Delhi, May 19 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Tuesday called for deeper collaboration between industry and government to advance ease of doing business, enhance India’s competitiveness and accelerate the country’s journey towards Viksit Bharat 2047.Addressing ASSOCHAM India Business Reform Summit 2026 here, the minister said the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business proces…
New Delhi, May 19 (IANS) Union Minister of State for Commerce and Industry Jitin Prasada on Tuesday said India should not be viewed merely as a destination for selling products, but as a long-term investment partner where global companies can participate in the country’s growth journey alongside Indian businesses.Addressing industry body ASSOCHAM’s India Business Reforms Summit 2026, the minister said India’s economic transformation is now being driven not only by metropolitan cities but a…