Washington, April 3 (IANS) The White House said that new trade agreements, including with India, have helped rebalance global trade and reduce US deficits under Donald Trump’s tariff strategy.Marking one year since what it calls “Liberation Day”, the White House said the US economy is now more resilient, competitive and secure.“One year ago today, President Trump threw away the illusions of ‘free trade’ to finally put Americans and America First,” White House spokesman Kush Desai s…
Latest Manufacturing News & Updates
New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
Mumbai, April 1 (IANS) Domestic policy measures and relatively stronger corporate balance sheets provide some cushion to the credit profile of India Inc but the critical question is whether these domestic levers will be sufficient to keep credit quality on course if the global environment deteriorates further, a report showed on Wednesday.Amid the emerging geo-political environment, the credit ratio for the manufacturing and services sector in India improved to 2.06 times in the second half of F…
New Delhi, March 30 (IANS) Electronics and IT Minister Ashwini Vaishnaw on Monday made it clear to industry players participating in the Electronics Components Manufacturing Scheme (ECMS) that companies must invest meaningfully in designing products in India if they wish to continue receiving government support.Addressing a press conference here, he said that incentives and support will be closely tied to demonstrable progress in building indigenous design, quality, and engineering capabilities …
Chandigarh, March 25 (IANS) Haryana Chief Minister Nayab Singh Saini on Wednesday met Ambassador (Extraordinary and Plenipotentiary of Russia) Denis Alipov here and held detailed discussions aimed at further strengthening bilateral engagement and exploring new avenues of cooperation between Haryana and Russia. The meeting began with a general review of the longstanding and time-tested partnership between India and Russia. A significant part of the discussions focused on the prospects for exp…
New Delhi, March 25 (IANS) India’s e-commerce and healthcare sectors lead hiring activity in the first half of FY 2026–27, even as digital skills continue to see strong demand across industries, according to a report released on Wednesday.The report by TeamLease Services highlighted that sector-wise, hiring demand is led by e-commerce and tech startups with a net employment change (NEC) of 8.9 per cent, followed by healthcare and pharmaceuticals at seven per cent, and manufacturing, engineerin…
New Delhi, March 21 (IANS) Bangladesh’s launch of the Family Card programme, promising 2,500 (in local currency) monthly allowance for vulnerable families risks serious fiscal strain and may doom its overburdened social‑welfare system, a new report has said.Bangladesh’s tax‑to‑GDP ratio, one of the lowest in the world and inflexible commitments in its national budget, including debt interest and power subsidies, leave little room for a new recurring commitment, said a report from Banglad…
New Delhi, March 18 (IANS) India is rapidly climbing the global economic ladder and will likely overtake Germany to become the world’s third‑largest economy by the end of the decade but sustaining that rise will require a sharper focus on manufacturing, job creation and artificial intelligence, a new report has said.The Boston Consulting Group said in the report that India will soon overtake Japan in nominal gross domestic product to become the world’s fourth‑largest economy, adding that…
New Delhi, March 18 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of Rs 33,660 crore for developing 100 plug-and-play industrial parks across the country — aimed at accelerating economic growth and creating more jobs.The scheme aims to develop world-class industrial infrastructure, unlocking the country’s manufacturing potential and driving India’s growth story, according to an official st…
New Delhi, March 18 (IANS) The decline in India’s unemployment rate to 4.9 per cent in February reflects an encouraging shift in the rhythm of hiring. Employment creation is no longer locked within a handful of urban hubs or select industries.February’s gains were spread across manufacturing, construction, retail, logistics, and agriculture — a sign that recovery is broad based and reaching both rural and urban India, according to an article in India Narrative.The government’s capital ex…