Indian Economy - Angel One - Page 387

New Delhi, Mar 12 (PTI): The government has received 73 applications under the second round of production linked incentive (PLI) scheme for specialty steel, Sandeep Poundrik, secretary in the Union steel ministry, said on Wednesday. The PLI schemes were launched as part of government’s efforts to increase production of special steel in India to make …

Washington, Mar 12 (AP) President Donald Trump officially increased tariffs on all steel and aluminium imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Trump removed all exemptions from …

Brussels, Mar 12 (AP) The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. “As the US are applying tariffs worth 28 billion dollars, we are responding …

India has firmly established itself as a global player in the pharmaceutical sector, ranking 11th globally in terms of export value in 2023, according to a secondary market research analysis by Bain & Company. The country accounted for an impressive 3% of the total pharmaceutical exports globally. The Central Drugs Standard Control Organisation (CDSCO) and …

New Delhi, Mar 12 (PTI) India’s fishery sector loses over USD 2 billion due to untreated wastewater contaminating waterways, according to a study published on Wednesday. It also said the country suffers an annual economic loss of USD 246 million from diarrhoea caused by contaminated drinking water due to poor wastewater management. Launched at the …

Kolkata, Mar 11 (PTI) A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads (GBI) in association with the …

India’s data centre (DC) industry is poised for significant growth over the next few years. According to ICRA, a prominent rating agency, the country’s data centre operational capacity is expected to surge from 1,150 megawatts (MW) in December 2024 to an impressive 2,000-2,100 MW by March 2027. This remarkable growth is being driven by the …

India’s coal imports fell by 8.4% to 183.42 million tonnes (MT) during the April-December 2024 period, as increased domestic production helped meet rising demand. This reduction in imports resulted in foreign exchange savings of approximately ₹42,315 crore ($5.43 billion), according to a statement from the Ministry of Coal. In comparison, coal imports stood at 200.19 …

The landscape of India’s venture capital funding witnessed a strong resurgence in 2024. In defiance of global trends, the country received US$13.7 billion. This was a growth of 1.4x from US$9.6 billion in 2023. While megadeals worth over US$100 million witnessed a small decline in average size, India saw the emergence of 5 new unicorns …

The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), which has become the world’s largest domestic rooftop solar initiative, has achieved an impressive milestone with the installation of over 10.09 lakh rooftop solar systems across India as of March 10, 2025. Launched by Prime Minister Shri Narendra Modi on February 13, 2024, this visionary program aims …