New Delhi, May 10 (IANS) India now ranks third globally on installed renewable energy capacity and the effectiveness of the renewable transition in improving macro resilience will depend on the success of industrial policy in localising upstream segments like solar cells over time, according to a new report.Renewable energy is the central pillar of India’s medium-term strategy to structurally reduce external energy dependence, according to a Morgan Stanley report. Domestic module manufacturing…
Latest PLI schemes News & Updates
New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
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…
New Delhi, Feb 3 (IANS) The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday.The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent.The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manu…