The campaign was designed to attract investment, foster innovation, improve skill development, protect intellectual property, and build world-class manufacturing infrastructure.
Key Initiatives Driving 'Make in India'
Production Linked Incentive (PLI) Schemes: The PLI schemes aim to boost domestic manufacturing and exports across 14 key sectors. By July 2024, total investments had reached ₹1.23 lakh crore, creating approximately 8 lakh jobs.
PM GatiShakti: Launched with the goal of achieving a USD 5 trillion economy by 2025, this initiative focuses on establishing multimodal connectivity infrastructure. It operates through seven primary sectors: Railways, Roads, Ports, Waterways, Airports, Mass Transport, and Logistics Infrastructure.
Semiconductor Ecosystem Development: The Semicon India Programme, approved in 2021, aims to develop a sustainable semiconductor and display ecosystem in India.
National Logistics Policy (NLP): This policy seeks to enhance India's logistics sector using advanced technology, better processes, and skilled manpower. It aims to reduce logistics costs, improve India's Logistics Performance Index (LPI) ranking to the top 25 by 2030, and create a data-driven decision support system.
Industrialization and Urbanization: The National Industrial Corridor Development Programme is India's flagship infrastructure initiative, aimed at developing smart cities and advanced industrial hubs.
Esta historia es de la edición February 01-28, 2025 de BUSINESS ECONOMICS.
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Esta historia es de la edición February 01-28, 2025 de BUSINESS ECONOMICS.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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"Spirituality is the search for the meaning of our existence and the purpose we serve."
In his insightful address, Ram Nath Kovind underscored the teachings of Paramhansa Ramakrishna, Maa Sarada, and Swami Vivekananda, emphasizing their vision of a world united by love and the boundless potential of the human spirit.
Some schemes welcomed, but real allocation declines
In the Annual Budget, the Finance Minister allocated ₹1.37 lakh crore to the Ministry of Agriculture and Farmers' Welfare, compared to ₹ 1.32 lakh crore in the previous budget.
Of Benchmarks & Benefits
Banks use various benchmark rates to determine loan pricing. Initially, they had complete discretion over interest rates, leading to the adoption of the Prime Lending Rate (PLR). This internally determined rate was applied to the bank’s most creditworthy customers, with additional risk premiums charged for borrowers deemed riskier. However, this system resulted in a wide disparity in interest rates among borrowers.
Sajjan Jindal, JSW Group Chairman receives 'Business Leader of the Decade' award
Sajjan Jindal, JSW Group Chairman, has been conferred with the coveted 'Business Leader of the Decade' honour at the 15th AIMA Managing India Awards, in recognition of his transformative leadership in expanding JSW Group into a global conglomerate.
India needs Development Finance Institutions: Bridging the Gap for MSMEs
India's economic landscape has long been driven by the dynamism of its micro, small, and medium enterprises (MSMEs), which play a crucial role in contributing to GDP and employment.
Rate cut to boost demand, says RBI Report
On February 19, 2025, the Reserve Bank of India (RBI) released its monthly bulletin, providing insights into the state of the economy.
INCOME TAX REFORMS
The new Income Tax Bill aims to streamline taxation by using simpler language and reducing the number of sections. Replacing the complex 1961 Act is a welcome move.
TACKLING INFLATION
India's retail inflation stood at 4.31 percent in January, marking a five-month low and a crucial moment in economic policy.
"Cultivating a global culture of wellness"
Dr. Robert M. Goldman: Dr. Robert Goldman explored the profound connection between science, spirituality, and medicine, emphasizing the importance of holistic longevity in shaping a healthier, more unified world.
Falta Special Economic Zone : it's contribution in the overall socio-economic development of the region
Falta Special Economic Zone (earlier Falta Export Processing Zone) was set up by the Department of Commerce, Government of India in 1984. The Zonal Office of Development Commissioner, Falta SEZ has jurisdiction over the 12 states of West Bengal, Odisha, Jharkhand, Bihar, Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim. BE spoke to Deen Bandhu Singh, Development Commissioner, Falta Special Economic Zone about the current scenario and the impact of the Falta SEZ. Falta Special Economic Zone (earlier Falta Export Processing Zone) was set up by the Department of Commerce, Government of India in 1984. The Zonal Office of Development Commissioner, Falta SEZ has jurisdiction over the 12 states of West Bengal, Odisha, Jharkhand, Bihar, Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim. BE spoke to Deen Bandhu Singh, Development Commissioner, Falta Special Economic Zone about the current scenario and the impact of the Falta SEZ.
