New Delhi, May 29 (IANS) Cumulative investments of nearly $360 billion in infrastructure development over the last decade have translated into estimated annual savings of $123–133 billion for the Indian economy, a joint report said on Friday.The joint report from CII and Knight Frank India said the India’s logistics cost have been slashed to about 10–10.7 per cent of GDP in FY 2026, from 13–14 per cent of GDP a decade ago due to infrastructure investments.The firm said that the country’s…
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Mumbai, May 25 (IANS) Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public conf…
New Delhi, May 24 (IANS) The first meeting of NITI Aayog’s high-powered ‘Education to Employment and Enterprise’ Standing Committee has decided to identify actionable recommendations to enhance employability, foster entrepreneurship, strengthen industry-relevant skilling, and accelerate growth in the services sector, according to an official statement issued on Sunday.The meeting concluded with a shared commitment to transform India’s demographic dividend into a growth dividend, enhance co…
Mumbai, May 21 (IANS) Apex business chamber CII signed a strategic memorandum of understanding (MoU) with Cyprus Chamber of Commerce and Industry (CCCI) on Thursday in the presence of Cyprus President Nikos Christodoulides and Maharashtra Chief Minister Devendra Fadnavis.The CII–CCCI MoU aims to strengthen collaboration between Indian and Cypriot industries through investment promotion, joint ventures, business delegations, trade fairs and sector-focused engagements.Alexis Vafeades, Minister o…
New Delhi, May 20 (IANS) Union Finance Minister Nirmala Sitharaman and US Ambassador to India Sergio Gor discussed deepening the India-US economic and financial partnership, including collaboration in the fintech sector, investment opportunities and bilateral cooperation, the Finance Ministry said on Wednesday.According to the ministry, the two sides held discussions on strengthening collaboration in the fintech sector, expanding investment opportunities and enhancing bilateral cooperation betwe…
New Delhi, May 12 (IANS) India is well on track to achieve its target of 500 GW of non-fossil fuel energy capacity by 2030, New and Renewable Energy Minister Pralhad Joshi said on Tuesday.Addressing the CII annual business summit here, the minister highlighted that India’s journey towards 500 GW green energy capacity is simultaneously laying the foundation for a globally competitive, innovation-driven and Aatmanirbhar energy ecosystem.He said that India’s non-fossil fuel capacity has increas…
Mumbai, May 12 (IANS) Union Labour and Employment Minister Mansukh Mandaviya on Tuesday said the government’s approach towards economic growth is focused on balancing the interests of the poor, farmers, industry and labour, while stressing that industry and workers must move together for India’s long-term development.Speaking at the Special Plenary VII on Next-Gen Labour Reforms during the CII Annual Business Summit 2026 here, Mandaviya said the government is committed to creating a growth m…
New Delhi, May 12 (IANS) The future of India’s growth will be determined by how inclusively micro-enterprises are enabled to adopt, adapt, scale, and compete, Chief Economic Advisor (CEA) Dr V Anantha Nageswaran, said on Tuesday.Addressing a session during the ‘CII Annual Business Summit 2026’ here, Nageswaran said in many leading economies, MSMEs are not technological backwaters but often at the forefront of innovation and technological advancement.“India’s micro-enterprises must evol…
Mumbai, May 11 (IANS) India’s approach towards Free Trade Agreements (FTAs) is focused on building stable and future-ready partnerships that enable domestic industries to integrate more effectively with global value chains, Commerce Secretary Rajesh Agrawal said on Monday.Speaking at a session on “FTAs as Catalysts for Growth in Global Trade” during the CII Annual Business Summit 2026 here, Agrawal said that in an increasingly fragmented global landscape, trade resilience, long-term predic…
New Delhi, May 11 (IANS) The Donald Trump administration is committed to increasing trade and investment relations with India, said US Ambassador to India, Sergio Gor, here on Monday.Speaking at the CII ‘Annual Business Summit 2026’ in the national capital, he highlighted the growing strength of US-India economic ties.”We’re committed to expanding opportunities for trade, reducing regulatory barriers, and encouraging Indian businesses to invest in the United States for the benefit of both our …