New Delhi, Feb 27 (IANS) As India moves towards deeper integration in the global value chains, base year updates at regular intervals, current after every five years, it reflects the government’s commitment to data-driven policy intervention to shocks in the global economy, economists said on Friday.New estimates of real GDP at Rs 322.58 lakh crore in FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of Rs 299.89 lakh crore pegs GDP growth rate at 7.6 per cent, as …
Latest PHDCCI News & Updates
New Delhi, Feb 7 (IANS) The interim tariff agreement marks a significant development in the US-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework, industry said on Saturday.India and the United States have finally signed an interim tariff agreement aimed at reducing trade barriers and strengthening bilateral economic cooperation. “The framework was agreed upon in ongoing negotiations to expand two-…
New Delhi, Feb 3 (IANS) Leading industry chambers on Tuesday said the India-US trade deal will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.The US has immediately reduced reciprocal tariff on Indian goods from 25 per cent to 18 per cent, while waiving off the other 25 per cent tariffs imposed on the country for purchasing Russian oil.“The expected reduction of US-India tariffs to …
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to enhance India’s competitiveness through fiscal discipline, structural reforms and targeted measures aimed at boosting private investment, industry representatives said on Sunday.Speaking to IANS, CII Punjab Chairman Amin Jain said the Budget includes several key announcements for the textile sector.“These include the development of mega textile parks, integrated plans for labor-intensive textile segm…
New Delhi, Jan 27 (IANS) Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, on Tuesday said that in a changing global economic order, the India-EU free trade agreement sends a powerful signal of trust, stability, and long-term partnership.In a statement, Mittal said the signing of the India-EU FTA reflects the decisive leadership and strategic resolve of Prime Minister Narendra Modi and the European political leadership in strengthening the India–EU partnership.“I am confident th…
New Delhi, Jan 18 (IANS) Electromagnetic spectrum has emerged as a critical domain of warfare alongside the traditional domain of warfare, and the SSS mantra of ‘Sense, Secure and Strike’ is the key for dominating electromagnetic spectrum, according to experts.Addressing the ‘DESCOM 2026’ here, Chief Guest Vice Admiral Vineet McCarty, AVSM Deputy Chief of Integrated Defence Staff (Policy Planning and Force Development) HQ IDS said that modern warfare is undergoing a profound transformation d…
New Delhi, Jan 7 (IANS) Economists on Wednesday lauded the government’s first advance estimates of real GDP at 7.4 per cent in FY 2025-26, saying a potential bilateral trade deal with the US will further boost investment and remains a key monitorable.The Indian economy remains resilient on the back of the festive demand and steady improvement in economic activity. Strong festive sales along with GST rationalisation 2.0 and income tax cuts are expected to boost the consumption sector, economists …
New Delhi, Jan 7 (IANS) Business chamber PHDCCI has, as part of its wishlist for Union Budget 2026–27, sought easier access to finance at lower interest rates and a reduction in the regulatory burden, to cut costs for the MSME sector, which is driving growth and employment generation in the economy.Micro, Medium and Small Enterprises (MSMEs) hold the key to catapulting India’s economy to a 10 per cent growth path, according to a statement issued by the PHD Chamber of Commerce and Industry (P…