Growth Strategies | Page 7

The Uttar Pradesh Micro, Small & Medium Enterprises Promotion Policy 2022 offers significant incentives to encourage MSME growth, particularly in backward regions. Capital subsidies range from 10 per cent to 25 per cent, capped at INR four crore per unit, with additional benefits for SC/ST and women entrepreneurs.

For Volvo Cars, it's not about market share. It's more about how do we change the mindset of people to buy more electric cars, says Jyoti Malhotra, MD, Volvo Cars India

Recent measures such as interest rate cuts and the INR 12 lakh rebate under the new tax regime have made homeownership in this segment more accessible to high-net-worth individuals. With reduced borrowing costs and increased disposable income, buyers are more willing to invest in high-end properties that offer exclusivity and long-term value.

We are focusing on tailor made limited edition cars, specifically for the Indian market, catering to the high net worth individuals (HNIs), says Rajan Amba, MD, JLR India

The global pharmaceutical industry is valued at approximately $1.6 trillion, while India's market stands at $55 billion, projected to grow to $120-130 billion by 2030.

The next two quarters would be crucial as Shailesh Chandra, MD, Tata Motors Passenger Vehicles Limited, believes the EV industry is up for a change

SIDBI's MSME Outlook Survey offers valuable insights into the sector's evolving dynamics, reinforcing the crucial role of MSMEs in India's economic growth. With strong business confidence and an optimistic outlook, MSMEs are poised to paving the way for a more resilient and self-reliant economy.

The Budget takes a balanced approach by strengthening rural infrastructure, manufacturing and consumer spending, hence solidifying the consumption in the fast-moving consumer goods (FMCG) sector

India's GDP growth is set to decline to 6.4 per cent in 2024-25, the slowest pace in four years. This marks a sharp drop from the 8.2 per cent growth recorded in FY24, when India remained the fastest-growing major economy. The economy expanded by 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22.

The services sector remained the top recipient, accounting for 19.1 per cent of total equity inflows in the first half of FY25.

Simplified classification and GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, simplified refund procedure for electric vehicles manufacturers would be required to boost growth

In order to increase localization of cars under the joint venture, the group is exploring the state of Orissa to set up another manufacturing facility, says Parth Jindal

Despite these positives, India's growth is projected to decelerate to 6.5 per cent in FY25 from 8.2 per cent in FY24, reflecting weaker manufacturing growth and a slowdown in investment.

Growth was led by the two-wheeler (2W) segment up by 10.7 per cent, three-wheeler (3W) segment by 10.4 per cent, passenger vehicles (PV) increasing by 5.1 per cent, and tractors by 2.5 per cent

The company is growing on the back of strong presence in Tier-I and Tier- II cities

Tata Group Chairman N Chandrasekaran announced plans for 500,000 new jobs in manufacturing in the next five years

The dialogue between these two entrepreneurial titans—a fourth-generation industrialist leading a global conglomerate and a first-generation disruptor redefining India's financial landscape—is nothing short of inspiring.

The acquisition enhances Adani's capabilities in the defence MRO sector

ICRA estimates the GVA growth to improve to 6.6 per cent in Q3 FY2025 from 5.6 per cent seen in Q2 FY2025; the pace of GDP growth in the quarter will be contingent on the Government's subsidy pay-out and indirect tax inflows. Overall, we expect the GVA and GDP growth to print at 6.5 per cent each in FY2025

The global digital transformation market is projected to reach $1.5 trillion by 2025, with India's SaaS sector experiencing significant growth driven by SME adoption.

These jobs are across industries like IT, ecommerce, logistics, manufacturing, content creation, skill development, and more