New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…
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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…
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 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, Feb 6 (IANS) The RBI’s prudent monetary framework will reinforce market confidence, boost manufacturing and trade activities, and enhance India’s global competitiveness, leading industry chamber Assocham said on Friday.The RBI’s decision to maintain a stable policy stance and adopt calibrated measures will strengthen economic growth, consumer demand, producers’ sentiment, and exporters’ competitiveness. “The Monetary Policy Committee’s move to keep the repo rate unchange…
New Delhi, Jan 29 (IANS) A key message emerging from the Economic Survey 2025-26 is the importance of regulatory quality, state capacity, and sustained deregulation as enablers of medium-term growth, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) said on Thursday.The Survey offers a balanced and realistic appraisal of India’s macroeconomic conditions, investment trends, labour market developments and external sector performance, set against a backdrop of global uncertaint…