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…
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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…
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…
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 …