New Delhi, May 13 (IANS) The government is working closely with states and industry stakeholders to ensure a smooth and technology-driven implementation of the new labour codes aimed at reducing compliance burden, improving worker welfare and enhancing India’s global competitiveness, Labour Secretary Vandana Gurnani said here on Wednesday.Addressing an event New Labour Codes: Implementation, Compliance to Competitive Advantage & Industry Readiness that was organised by ASSOCHAM on New Labo…
Latest Assocham News & Updates
New Delhi, May 12 (IANS) India’s economy continues to show resilience despite rising global uncertainty and the impact of the ongoing West Asia conflict, remaining the fastest-growing major economy in the world, an Assocham ‘Global Economic Outlook’ said on Tuesday.Despite global challenges, India’s economic fundamentals continue to remain resilient, with GDP growth expected to stay around 7 per cent in 2026-27.India entered this period with strong macroeconomic fundamentals, supported b…
New Delhi, May 11 (IANS) The seven appeals made by Prime Minister Narendra Modi to the nation would go a long way to build and strengthen India’s journey towards Viksit Bharat, leading industry chamber Assocham said on Monday.PM Modi’s appeal to the people for collective participation to help the country deal with global economic disruptions, supply chain challenges and rising prices caused by international conflicts has, thus, emphasised prudence in the usage of petroleum products and reduc…
New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, May 5 (IANS) The Embassy of Ethiopia, in partnership with business chamber ASSOCHAM, hosted the curtain raiser event here for the forthcoming 4th India–Africa Forum Summit 2026 aimed at further strengthening relations between India and African nations.The high-level dialogue brought together African Ambassadors, High Commissioners and other senior diplomats from African Missions, representatives from key Indian ministries, as well as prominent industry leaders and policy experts.In …
New Delhi, April 27 (IANS) Leading business chamber Assocham on Monday signed a Memorandum of Understanding (MoU) with the India-New Zealand Business Council (INZBC) to develop a structured plan of action to facilitate and formalise industry-led initiatives under the India–New Zealand FTA and to ensure that businesses on both sides can effectively leverage the opportunities arising from the agreement.Strengthening connectivity and human links will be central to unlocking the full potential of …
New Delhi, April 22 (IANS) India’s economy has developed strong resilience to high energy prices and is capable of sustaining growth above 7 per cent even if crude oil costs remain in the range of $90–100 per barrel, Assocham said on Wednesday.The industry body noted that over the past two and a half decades, India has successfully absorbed multiple oil price shocks without derailing its growth trajectory.Data analysed for the period from 2000-01 to 2025-26 shows that some of India’s stron…
New Delhi, April 10 (IANS) India’s household gold holdings have surpassed the combined reserves of the world’s top 10 central banks and emerged as a significant but underutilised economic asset, a report has said.As per the industry body Assocham analysis, the sharp rise in gold prices during 2024-25 and early 2026 has pushed the value of gold held by Indian households to an estimated $5 trillion, making it one of the largest pools of private wealth globally.Highlighting the macroeconomic pote…
New Delhi, April 9 (IANS) Railways are set to play a key role in driving India’s economic growth as the country targets a freight capacity of 3,000 million tonnes by 2030, a report has said.As per the ASSOCHAM-AESCLA report, railways currently account for up to 30 per cent of freight movement, indicating substantial growth potential.It highlighted that the sector is undergoing rapid transformation, driven by initiatives such as Dedicated Freight Corridors and near-complete electrification, whi…
New Delhi, April 8 (IANS) The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent with a neutral stance reflected a balanced approach of controlling inflation and supporting economic growth, analysts said on Wednesday.Trade association ASSOCHAM appreciated the “calibrated step aimed at strengthening stability in the macroeconomic environment”, adding that it helps sustain growth momentum and ensure price stability.”This decision underscores the central bank’s ca…