The Indian industry remains upbeat about exports in FY24 even as it stares at slowdown in demand for textiles, jewellery, engineering goods and chemicals from the US and the EU. Exporters expect a growth of 11-13% in FY24. Cotton textile and apparel exporters expect 8-10% on-year growth in FY24. India clocked $450 billion exports in … Read more
In a relief to exporters from hotel, healthcare, and educational sectors, the government on Friday announced a one-time relaxation for them with respect to maintaining the average export obligation under the Export Promotion Capital Goods (EPCG) scheme. Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation. The latest … Read more
Prudential Plc. is a global financial conglomerate running successful Indian joint ventures in life insurance and asset management. As the storied 175-year-old institution pivots to Asia, its Group Chief Executive Officer Mark FitzPatrick tells Joel Rebello, Bodhisatva Ganguli and MC Govardhana Rangan why India – now the world’s fifth-biggest economy – could emerge as a … Read more
Undeterred by the repeal of farm laws, the government will continue to push for greater reforms across sectors, NITI Aayog CEO Amitabh Kant said. “India is determined to carry out reforms. We need more and more reforms and the government will push for greater levels of reforms across sectors and make things easy and simple,” … Read more
NEW DELHI: has cut India’s growth projection to 10 per cent from 11.5 per cent for the current financial year, citing the adverse effect of the second Covid-19 wave. In the worst-case scenario, growth could be further lower at 8 per cent, it said in a report. “It is possible that the infection and fatality … Read more
The key is for the Centre to accept that states are at the frontline of this economic battle, and urgently need access to additional resources, not just compensation for inadequate cess collections. Synopsis Markets would see immediately that the risk of default of state governments, with such a large rise in their liabilities, would be … Read more