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…
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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…
New Delhi, April 2 (IANS) Industry body Assocham said on Thursday that India’s exports to the United States rose 3.8 per cent year‑on‑year in 2025‑26 (April‑February), and the share of exports to the US held steady at 19.7 per cent.The share of total merchandise exports to the US was 19.3 per cent a year earlier, the statement said, noting India’s trade performance remained resilient despite steep tariff challenges and escalating geopolitical conflicts.“We believe that India’s to…
New Delhi, March 27 (IANS) India’s gold market is shifting toward investment‑driven demand as high prices weigh on jewellery consumption, a report said on Friday.The joint report from ICRA and Assocham said that India’s gold jewellery demand declined about 26 per cent year‑on‑year in the first half of FY26, with a 15 per cent rise in demand for bars and coins partly offsetting the dip.Global gold jewellery consumption fell 15 per cent in FY25 and a further 17 per cent in the first half o…
New Delhi, March 26 (IANS) Strong domestic consumption and rising investments are expected to help India maintain GDP growth above 7 per cent in the next financial year 2026–27, a report said on Thursday.The data compiled by Assocham noted that India’s GDP is expected to grow by 7.6 per cent in the financial year 2025-26, with growth likely to stay above 7 per cent in FY27 as well.This steady performance comes even as global economic conditions remain uncertain due to geopolitical tensions, …
New Delhi, March 20 (IANS) The plug‑and‑play industrial development under the Bharat Audyogik Vikas Yojna (BHAVYA) could raise the share of manufacturing in India’s GDP to 25 per cent by 2032, experts said on Friday.ASSOCHAM President Nirmal K. Minda praised the BHAVYA model calling it a historic breakthrough in India’s manufacturing sector adding that a seamless, end-to-end ease-of-doing-business model, from approvals to operations, will meet the aspirations of New India and contribute to…
New Delhi, March 19 (IANS) Credit demand from micro, small, and medium enterprises (MSMEs) is expected to remain strong, driving India’s projected credit growth of around Rs 26 trillion in FY26, up around 14.3 per cent YoY, a report said on Thursday.Credit growth is projected to moderate 11.3-12 per cent or Rs 23.5 to Rs 25 trillion of incremental growth, in FY27, the joint report by ICRA Limited and ASSOCHAM said.The moderation is viewed as a normalisation following a high base in the previou…
New Delhi, March 19 (IANS) India’s small and medium enterprises (SMEs) are rapidly transitioning into global contenders, due to India’s free trade agreements (FTAs) and their focus on digital transformation, said Khagen Murmu, Member of the Parliamentary Standing Committee on MSMEs, on Thursday.At a ‘Global SME Conclave’ organised by ASSOCHAM, Murmu highlighted the transformative impact of FTAs with the UAE and Australia, as well as ongoing engagements with the European Union (EU).“These a…