The Ministry of Defence has rolled out the Defence Procurement Manual (DPM) 2025, introducing a 25% product reservation for Micro and Small Enterprises (MSMEs) and offering major relaxations for start-ups recognised by the Department for Promotion of Industry and...
India’s eight core industries grew 3% year-on-year in September 2025, led by strong performance in steel and cement, according to data from the Commerce and Industry Ministry. Steel output surged 14.1% as demand from government infrastructure projects picked up,...
Karnataka’s economy—stretching from coffee plantations in Coorg to tech corridors in Bengaluru—has received a major boost through the latest GST rate rationalisation. The reforms span multiple sectors, including agriculture, manufacturing, handicrafts, and technology, reducing prices by 5–12% across essential...
Union Minister for Commerce and Industry Piyush Goyal has emphasized that India’s chemical and petrochemical industry holds immense potential to become a global leader in innovation, sustainability, and advanced manufacturing.
Speaking at the 7th Indian Chemicals and Petrochemicals Conference organized...
India has launched a $120 million initiative to promote a circular economy in the electronics sector, aiming to transform how the country manages e-waste and electronic resources. The five-year program, led by the Ministry of Electronics and IT (MeitY)...
India’s Unified Payments Interface (UPI) has achieved a new milestone, crossing 500 million consumers and 65 million merchants nationwide, according to a joint report by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG). The...
The Ministry of Finance will soon convene a high-level meeting with public sector bank (PSB) chiefs to review the flow of credit to India’s micro, small, and medium enterprises (MSMEs). The session, chaired by Department of Financial Services (DFS)...
The Ministry of Textiles has introduced key revisions to the Production Linked Incentive (PLI) Scheme for Man-Made Fibre (MMF) apparel, fabrics, and technical textiles to encourage greater participation and accelerate investments. The changes simplify eligibility requirements, expand product categories,...
India exported 7.75 lakh tonnes of sugar during the 2024–25 marketing season, achieving over 75% of the government’s permitted export quota of 10 lakh tonnes. The exports, which span from October 2024 to September 2025, reflect strong demand across...
India’s tourism economy has moved into the country’s top growth lanes. The sector’s current contribution is estimated at about ₹20 trillion to national GDP. It supports more than 84 million livelihoods across accommodation, transport, food services, crafts, and local...
