India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: A paper by economic think tank NCAER has made a case for investment in skilling of workforce to increase employment in the labour intensive sectors by 2030. The paper titled 'The Landscape of Employment in India: Pathways to Jobs' said inter-sectoral linkages can have a multiplicative effect on employment in the aggregate economy, increasing employment by up to 200 per cent relative to existing scenario. "On the supply side, we show that increasing the share of skilled workforce by 12 percentage points through investment in formal skilling could lead to more than a 13 per cent increase in employment in labour intensive sectors by 2030," it said. On an average, the paper said labour-intensive manufacturing accounts for 44.1 per cent of total manufacturing employment, while labour-intensive services account for 54.2 per cent of total services employment. "Our demand-side simulations indicate that we can significantly bridge the employment gap by increasing the size of the manufacturing and services sectors, particularly through a focus on labour intensive industries therein," the paper said. Outlining some of the policy prescriptions, the paper's author Farzana Afridi said there is need for a multi-pronged approach to increase production capacity in labour-intensive manufacturing and services sectors, including stimulating domestic demand through higher government expenditure and lowering of taxes. The paper also laid stress on adoption of international best practices and implementation of national quality benchmarks for training and reskilling or upskilling existing workers. Referring to the Production-Linked Incentive (PLI) scheme, the paper pointed out that it is primarily focused on expanding production of high value products with backward linkages which require high-skilled labour. "But the highest number of jobs under the scheme has been created in the food processing and pharmaceuticals industry. This reflects a mismatch between budgetary allocation under PLI and potential for employment creation," the paper said adding productivity and quality of workforce have to be increased significantly to improve labour quality. It cited the Future of Jobs Report 2025 which highlights that 63 per cent of India's workforce will need reskilling or upskilling by 2030 to remain competitive. Among others, the paper suggested incorporating soft skills, digital literacy and Information and Communication Technology (ICT) skills into training programmes to enhance employability, particularly within services sub-sectors. "Improving training quality, along with increasing the share of formally trained workers, can lead to higher employment gains," it added. Since labour-intensive manufacturing and services sectors account for over half of total employment in India, the paper advocated significant policy focus on expanding labour-intensive manufacturing and services, along with a systemic overhaul of the education system to enhance the human capital of the labour force.
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
MUMBAI: Borrowing costs at India's two most rate-sensitive sectors - property and automobiles - are set to head South soon after the central bank Friday made its steepest rate cut since March 2020 and promised ample liquidity in the shape of the lowest cash reserve ratio (CRR) on record. The Nifty Realty index surged nearly 5%, even dwarfing gains for financial stocks, reflecting the likely impact of the big-bang policy moves on home purchases. Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. JP Nadda held discussions on Sunday with the Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Al Kh ...Read More >
Hyderabad: Lok Sabha Speaker Om Birla on Monday highlighted the need of sustainable economic empowerment models for women as the first national conference of Parliamentary and Legislative committees on women empowerment concluded in Tirupati, Andhra Pradesh with the adoption of the 'Tirupati Resolution'. Delivering his remarks at valedictory session of the historic parliamentary conference dedicated to women empowerment, the Lok Sabha Speaker stressed that women's empowerment is not only a social imperative but also an economic necessity. By investing in women's health, education, skills and ...Read More >
New Delhi [India], September 15 (ANI): Lok Sabha Speaker Om Birla today highlighted the need of sustainable economic empowerment models for women as the first national conference of Parliamentary and Legislative committees on women empowerment concluded in Tirupati, Andhra Pradesh, with the adoption of the 'Tirupati Resolution'. Delivering his remarks at the valedictory session of the historic parliamentary conference dedicated to women's empowerment, the Lok Sabha Speaker stressed that women's empowerment is not only a social imperative but also an economic necessity. By investing in women's ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the commercial category. As per official data of the Municipal Corporation, Chandigarh, commercial prope ...Read More >
New Delhi [India], August 14 (ANI): India's overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry.The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion.On the other hand, imports of the country grew at a faster pace, reaching USD 79.99 billion compared with USD 75.41 billion ...Read More >
New Delhi, Jun 27 (PTI) A paper by economic think tank NCAER has made a case for investment in skilling of workforce to increase employment in the labour intensive sectors by 2030. The paper titled 'The Landscape of Employment in India: Pathways to Jobs' said inter-sectoral linkages can have a multiplicative effect on employment in the aggregate economy, increasing employment by up to 200 per cent relative to existing scenario. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. "On ...Read More >
Mumbai, Jul 3 (PTI) The National Commodity and Derivatives Exchange Ltd (NCDEX) on Thursday said it has inked an agreement with the India Meteorological Department (IMD) that will lay critical groundwork for launching India's first weather derivatives. This Memorandum of Understanding (MoU), signed on June 26, lays the critical groundwork for the launch of India's first weather derivatives -- a long-anticipated market instrument designed to help farmers and allied sectors hedge against climate-related risks such as erratic rainfall, heatwaves, and unseasonal weather events, NCDEX said in a st ...Read More >
Agartala (Tripura) [India], June 5 (ANI): Tripura Chief Minister Manik Saha said that the state government is prioritising quality education for students, and quality teachers are being recruited through the Teacher Eligibility Test (TET). Saha also informed that more recruitments will be made in the future. Also Read | Centre Notifies Waqf Management Rules 2025; Portal, Database, Audit of Waqf Properties. "Textbook education can never be the standard of life. One can become morally strong through education. Along with education, children should also be engaged in social work," he said. CM ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time," said the first of the two Indian representatives cited above. "If all goes well, the deal will b ...Read More >
New Delhi, Aug 1 (PTI) Commerce and Industry Minister Piyush Goyal will hold meetings with exporters from different sectors, including food processing, textiles, engineering, and chemicals, from August 2-4 in Mumbai to discuss the implications of 25 per cent tariff announced by the US, an industry official said on Friday. The official added that exporters from segments such as fisheries, engineering, IT, and pharma will also participate in the deliberations. Leather sector exporters are expected to meet the minister on August 4 here. The US on Friday slapped a 25 per cent tariff on India, p ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
Haryana is committed to enhancing its educational framework to align with Prime Minister Modi's vision of a developed India by 2047. Chief Minister Nayab Singh Saini emphasized initiatives like implementing the National Education Policy and promoting digital learning. The state also focuses on skill development, women's education, and setting up educational infrastructure. In a determined push towards educational excellence, Haryana is aligning its academic strategies with Prime Minister Narendr ...Read More >
New Delhi: The promise of Artificial Intelligence (AI) is not only real, but it is an economic necessity. Recently, NITI Aayog and the Niti Frontier Tech Hub published a report titled "AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth", outlining the clear case for AI helping India to close its growth gap and meet its aspirational 2047 Viksit Bharat goal of becoming a developed economy. The report concludes that if India continues on its growth trajectory of 5.7%, the country's GDP is likely to reach $6.6T by 2035. However, with its acceleration, which has been made possib ...Read More >
New Delhi: The Trump administration's tariff policies have opened up opportunities for India to gain market share in several product categories, but the Asian nation must act swiftly to capitalize on this advantage, NITI Aayog said in a quarterly assessment released Monday. In its Trade Watch report, the government's policy think tank said India should implement targeted export promotion measures, deepen its integration into global value chains, and pursue a services-focused trade deal with the US to fully leverage these shifting trade dynamics "These developments highlight the strategic imp ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
New Delhi [India], August 14 (ANI): India overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry. The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion. On the other hand, imports of the country grew at a faster pace, reaching USD 79.99 billion compared with USD 75.41 billi ...Read More >
Mumbai, India: The Ministry of Textiles has announced the reopening of its portal for fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles. The initiative focuses on sectors like Man-Made Fibre (MMF) Apparels, Fabrics, and Technical Textiles, and aims to stimulate large-scale investments. Eligible companies will be incentivized based on incremental turnover resulting from new investments and expanded production capabilities. Shri Shaleen Toshniwal, Chairman of the Manmade Fibre & Technical Textiles Export Promotion Council (MATEXIL), applauded the move. He stated ...Read More >
Mumbai, Sep 12 (SocialNews.XYZ) The Maharashtra government on Friday signed a Memorandum of Understanding (MoU) with the US state of Iowa, paving the way for collaboration in agriculture, biotechnology, financial services, infrastructure, renewable energy, and technology. The MoU was signed in the presence of Chief Minister Devendra Fadnavis and Iowa Governor Kim Reynolds. CM Fadnavis announced that this partnership will create new opportunities for innovation and exchange between the two states. He further stated that the key areas of cooperation will comprise growth in investment and econom ...Read More >
New Delhi [India], September 15 (ANI): Artificial Intelligence (AI) will create more jobs in India and will add nearly USD 2 trillion extra to the economy by 2035, NITI Aayog CEO BVR Subrahmanyam said on Monday. He also stressed that AI will not replace employment but will open opportunities for new types of jobs, provided the workforce is trained with appropriate skills. Speaking at the launch of the Roadmap for AI for Viksit Bharat and the NITI Frontier Tech Repository, Subrahmanyam said the use of AI can transform productivity and innovation. "It is going to add at least 2 trillion dolla ...Read More >
New Delhi: India's overall unemployment rate fell to 5.1 percent in August 2025, according to the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday. The rate declined for the second month in a row -- from 5.6 percent in June to 5.2 percent in July and now 5.1 percent in August. The unemployment rate among men aged 15 years and above dropped to 5.0 percent in August, the lowest since April 2025. Urban male unemployment fell from 6.6 percent in July to 5.9 percent in August, while rural male unemployment decreased to 4.5 per ...Read More >
New Delhi, July 14 (SocialNews.XYZ) Highlighting strong economic ties between India and Saudi Arabia, the visit by Union Health and Chemicals and Fertilisers Minister, JP Nadda, to Dammam and Riyadh focused on enhancing bilateral cooperation in the chemicals and fertilisers sector, according to an official statement. Nadda led a high-level delegation for the two-day official visit over the weekend. The minister held discussions with the Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al Khorayef, in Riyadh on mechanisms to strengthen partnership in fertilisers, petrochemi ...Read More >
Kolkata, Jul 15 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday hailed the safe return of Indian astronaut Group Captain Shubhanshu Shukla from space, calling it a matter of national pride. Shukla, a 39-year-old Indian Air Force officer and test pilot, on Tuesday returned to the Earth after an 18-day stay at the International Space Station. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory Doesn't Mention Warning Labels on Indian Food Products. "Welcome home, Shubhanshu Shukla! We are r ...Read More >
Economy 2 min read India to become a global employment epicenter amid shift in global labour market: Crisil India to become a global employment epicenter as the global labour market is undergoing rapid transformation, with rising demand of skilled workers across economies as ageing population in many countries and businesses are adopting digitisation, according to a report by Crisil Intelligence. New Delhi [India], July 15 (ANI): India to become a global employment epicenter as the global labour ...Read More >
Kerala Lottery Result SAMRUDHI SM 12 Results Live: The first winner of today's lottery game- SAMRUDHI SM 12 lottery- takes home Rs 1 crore as a cash prize. The Kerala lottery is one of the most trusted games in the country. Kerala Lottery Result Sunday 20-07-2025: The Kerala lottery is back with another fun game- that may lead you to win Rs 1 crore! The results for today's Kerala lottery games- SAMRUDHI SM 12 Sunday- are announced. The Kerala lottery results are announced here, so people with tickets for today's game can stay in touch with this live blog. Samrudhi Lottery Series: MN, MO, MP, ...Read More >
New Delhi [India], September 15 (ANI): India is set to host an AI Impact Summit come February 2026, that will follow the previous summit in France, Union Minister for Electronics and IT Ashwini Vaishnaw said Monday. Prime Minister Narendra Modi had attended in person the Summit in France Paris, which he jointly co-chaired. The upcoming summit, as the name suggests, will focus on the safety and impact of AI. In preparation for this event, NITI Aayog organized a gathering to showcase and share best practices of AI applications across various districts in India, the Union Minister apprised rep ...Read More >