Sector Watch

Chemicals & Fertilizers - #SectorUpdates on 13 Aug 2022

For numerous industries, including textiles, paper, paints, soap & detergents, medicines and agrochemicals, the chemical industry in India provides a variety of raw materials and building blocks. India ranks third in Asia and is the sixth-largest producer of chemicals in the world. India is ranked 14th in the world for chemical exports.  India is the…

Hospitality - #SectorUpdates on 13 Aug 2022

The hospitality industry severely impacted in the last two years due to Covid-led restrictions is quite hopeful of seeing a turnaround in its fortune during the current fiscal. Strong demand due to an increase in corporate travel resulted in a recovery in business destinations. Aided by leisure, transient passengers meetings, incentives, conferences and exhibitions (MICE),…

Bi lateral trade - #SectorUpdates on 13 Aug 2022

Rapidly expanding trade and commercial linkages between India and U.S. form an important component of the multi-faceted partnership between the two countries. Total bilateral trade (goods and services) between India and US increased at a CAGR of 11.5% from USD 20 billion in 2000 to USD 142 billion in the year 2018 (latest: CAGR of…

MSME - #SectorUpdates on 13 Aug 2022

West Bengal has completed the setting up of 554 clusters in the state. About 292 of these are for MSMEs while 262 are in the handloom and khadi segment. The state has clusters in diverse products like brass and bell metal, plastic, jewelry, nalen gur and muslin handloom, rice mill, zari zardosi, dokra, rakhi, kantha…

Defence - #SectorUpdates on 13 Aug 2022

As part of the efforts to achieve self-reliance in Defence manufacturing and minimize imports by the Defence Public Sector Undertakings (DPSUs), a positive indigenisation list has been notified by the Defence Ministry. The list includes 2,500 imported items that have already been indigenized and 351 high-value imported items which will be indigenised in the next…

Pisciculture & Aquaculture - #SectorUpdates on 13 Aug 2022

Pisciculture addresses the cultivation and production of fish. When other aquatic animals are included we enlarge the campus to aquaculture. A huge population from South-East Asia, especially from extensive coastal areas depends on Pisciculture. Globally 18.7 million people depend on this for their livelihood. Even not being a major sector in national economies, looking at…

BFSI - #SectorUpdates on 13 Aug 2022

The Reserve Bank of India (RBI) has released detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them. The framework is focused on RBI’s regulated entities (REs) and the loan service providers (LSPs) engaged by them to extend credit facilitation services. The guidelines state that all digital…

Medical Devices - #SectorUpdates on 13 Aug 2022

India ranks among the top 20 markets for medical devices worldwide, and It is the fourth-largest market for medical devices in Asia. Large global corporations and small and medium-sized businesses (SMEs) are both present in India’s medical device industry, which is expanding at an unprecedented rate. Over the past three years, the market for medical…

Ex-Im - #SectorUpdates on 13 Aug 2022

The Foreign Trade Policies (FTP) formulated by the Government of India in the past have contained various schemes including certain export incentives and export promotion schemes. It is most certain that the upcoming FTP will also contain such schemes. With the FTP 2021-26 on the anvil, one of its most anticipated and speculated aspects is…

StartUp - #SectorUpdates on 12 Aug 2022

In a bid to boost the 5G ecosystem in the country, the Government of India has decided that the indigenous 5G test bed facility can be used free of cost by recognized startups and MSMEs up to January 2023. Other stakeholders including academia, service providers, R&D institutions, government bodies, and equipment manufacturers, among others, will…

Education - #SectorUpdates on 12 Aug 2022

India occupies a significant position in the global education sector. One of the world’s largest networks of institutions of higher learning is found in India. The educational system still has a great deal of room for growth and progress, nevertheless here in India. With about 27% of India’s population in the 0–14 age bracket, the…

Automobiles - #SectorUpdates on 12 Aug 2022

According to industry experts, the passenger vehicle sales, in India, this year are expected to be about a quarter of a million units more than the initial projections. In the calendar year 2022, the sales of cars, utility vehicles, and vans are expected to be around 3.6-3.7 million units. Compared to last year, the sales…

Retail - #SectorUpdates on 10 Aug 2022

The future of open retail is taking shape in India, as the nation rolls out the Open Network for Digital Commerce (ONDC) in 100 cities this month. Spearheaded by Infosys founder Nandan Nilekani, ONDC is a non-profit designed to create a level-playing field in online commerce. It puts tens of millions of kirana stores on a more…

Tourism - #SectorUpdates on 10 Aug 2022

One of the main sources of foreign exchange is tourism. The significance of tourism as a tool for economic growth and job creation, particularly in isolated and underdeveloped areas, has long been understood on a global scale. The advantages of tourism can be improved by either increasing the number of visitors or their time spent…

Warehousing - #SectorUpdates on 10 Aug 2022

With economic activities reviving, leasing of industrial and warehousing spaces across five cities rose 7 percent to 10.8 million square feet in January-June period. The gross leasing or absorption stood at 10.1 million square feet in the first six months last year in five major cities namely Delhi-NCR, Mumbai, Chennai, Bengaluru and Pune. The growth…

Sericulture - #SectorUpdates on 10 Aug 2022

Sericulture, also known as silk farming is a process of producing silk through the cultivation of silkworms. To be noted that Karnataka’s Sericulture has flourished a lot because of its mulberry cultivation because over 700000 farm families involved in this sector are concentrated in and around Karnataka and Karnataka supports almost 70% of total silk…

Defence - #SectorUpdates on 09 Aug 2022

India clocked the highest ever defence exports of Rs 12,815 crore in 2021-22. This was a 54.1 percent rise over the previous year. It is pertinent to note that the exports in the financial year 2022 were almost eight times what they were about five years back. According to the reports, India’s defence exports were…

Horticulture - #SectorUpdates on 09 Aug 2022

Horticulture can be addressed as a science, rather than an art of production by utilizing horticultural crops. In simple words, it is the art of growing fruits, vegetables, flowers, and other plants as well using usual and upgraded techniques. The process requires intense care to carry out the growing process. India comes second following china…

Healthcare - #SectorUpdates on 09 Aug 2022

Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of India’s healthcare sector. Due to its expanding coverage, services, and rising spending by both public and private entities, the sector is expanding at an extremely fast rate. The healthcare market in India is being driven by the…

Women Entrepreneurship - #SectorUpdates on 05 Aug 2022

India has experienced tremendous business and economic growth as a result of the rise in the number of female entrepreneurs. By creating jobs in the nation, influencing demographic changes, and motivating the subsequent generation of female founders, women-owned businesses are playing a significant role in society. Startup India is dedicated to fostering women’s entrepreneurship in…

StartUp - #SectorUpdates on 05 Aug 2022

India in its 75th year of Independence is home to as many as 75,000 registered startups.  An “impressive” 7.46 lakh jobs have been created by the Indian startup ecosystem so far, which has been a 110 percent yearly increase over the last six years. While the initial 10,000 startups were recognized in 808 days, the…

Ex-Im - #SectorUpdates on 05 Aug 2022

The Reserve Bank of India (RBI) has recently asked banks to put in place additional arrangements for export and import transactions in the Indian Rupee (INR) given the increasing interest of the global trading community in the domestic currency. This arrangement was put in place for invoicing, payment, and settlement of exports/ imports in INR…

India-UEA CEPA - #SectorUpdates on 05 Aug 2022

The landmark Comprehensive Economic Partnership Agreement (CEPA) was recently signed between India and the United Arab Emirates (UAE). It is a landmark agreement because it’s the UAE’s first comprehensive strategic partnership with any country, and it is India’s first Free Trade Agreement (FTA) in a decade. The agreement will give India greater access to the…

GST - #SectorUpdates on 05 Aug 2022

The Supreme Court has recently directed the Government to open the GST portal (GSTN) for an additional two-month window, from 1st September 2022 to 31st October 2022 for filling Transition Form-1 (“TRAN-1”) and Transition Form-2 (“TRAN-2”) for settling claims of transitional credit. A transitional tax credit is a component of a company’s tax payment that…

MSME - #SectorUpdates on 05 Aug 2022

Credit growth to the MSME sector has expanded by Rs 52,800 crores as of mid-July in the current fiscal 2022-23 against a de-growth of Rs 61,000 crore in the similar period previous fiscal, SBI Research said in its ecowrap report. Retail loans during the period expanded by Rs 1.34 lakh crores against a de-growth of…

CSR - #SectorUpdates on 05 Aug 2022

Over the previous five years, India’s total social sector funding has increased substantially annually every year, from INR 14391 crores in FY 2015-16, it has reached INR 24662 crores in FY 2020-21. According to an analysis of data from the Government’s CSR dashboard, corporations made CSR pledges worth a total of Rs 20,360 crore in…

Logistics & Supply Chain - #SectorUpdates on 30 Jul 2022

Five years after the nation-wide implementation of GST, one can comfortably claim that the nation has truly benefited from ‘One nation one Tax’ policy. According to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index India has replaced the United States as the second-most favorable manufacturing hub. As observed over the past five years the logistics…

Special Economic Zones (SEZs) - #SectorUpdates on 30 Jul 2022

The revamp of Special Economic Zones (SEZs) through the Development of Enterprise and Service Hub (DESH) Bill will come with a fiscal package, including a possible freeze on direct taxes at 15% for units and hubs until 2032 in case of greenfield and brownfield investment. The plan envisages deferment of basic customs duty and integrated…

Education - #SectorUpdates on 25 Jul 2022

With the effects of the pandemic and the tragic second wave that touched us , the educational environment in India underwent a tectonic shift. When the customary student conversation and in-person classroom lectures abruptly disappeared from schools and universities all around the nation, India embraced the new era of remote learning with remarkably swiftness and…

Education - #SectorUpdates on 14 Jul 2022

This year, 2 million students are anticipated to take the Common University Entrance Test (CUET) for 200,000 undergraduate university seats. The test preparation business in India has grown as a result of the existence of such a big number of exam takers. In 2020, the Indian private tutoring industry is estimated to be worth over…

BioTech - #SectorUpdates on 12 Jul 2022

India is not too far away from reaching the league of top-10 countries in Biotech’s global ecosystem. India’s bio-economy has grown 8 times in the last 8 years and is worth $80 billion at present. More than 5 thousand startups are registered countrywide as biotech. The Pharma value chain is based on strong partnerships and…

GST - #SectorUpdates on 12 Jul 2022

To ensure better compliance and policy formulation GST-registered businesses with annual turnover of more than Rs 5 crore will soon have to generate electronic invoices for B2B transactions. Currently, businesses with turnover of over Rs 20 crore will have to generate e-invoices for B2B transactions. Lowering of the threshold for e-invoicing would significantly expand the…

Infra-Tech - #SectorUpdates on 12 Jul 2022

Technology has been revolutionizing almost every aspect of our lives, from online shopping to education. Literally, everything these days is supported by technological advancements. The infrastructure industry, which is the backbone of our economy, is also no exception. Technology has positively impacted Infrastructure sector as well. For example, using the latest technological advancements, NHAI of…

Make in India - #SectorUpdates on 12 Jul 2022

‘Make in India’ is an initiative which was launched by the Govt. of India on 25th September, 2014 to facilitate investment, foster innovation, build best in class infrastructure to promote India as a hub for manufacturing, design and innovation. It is one of the unique initiatives that showcases India’s manufacturing prowess to the world. Make…

Mining - #SectorUpdates on 08 Jul 2022

Mining has been a major economic activity in India which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2 percent to 2.5 percent only but going by the GDP of the total industrial sector it contributes around 10 percent to 11 percent. India is the 3rd largest…

MSME - #SectorUpdates on 08 Jul 2022

Micro, Small, and Medium Enterprises (MSMEs) are known as the backbone of the Indian economy. Considering the significance of MSMEs in economic growth, it is crucial to assist them by removing their working capital-related barriers to growth and SCF (supply chain finance) can be a key enabler in this regard. This is all the more important…

Agro & Food Processing - #SectorUpdates on 07 Jul 2022

The agriculture sector has long been dominated by middlemen who reap profits at the expense of farmers. Pradhan Mantri Kisan Sampada Yojana (PMKSY) can save India from this trend by creating integrated cold chain and preservation infrastructure facilities. Under the scheme, the Ministry also provides credit linked financial assistance in the form of grants-in-aid to…

Gems and Jewellery - #SectorUpdates on 07 Jul 2022

The Indian Gems and Jewellery industry is one of the largest industries in the world and it accounts for more than 29% of the world’s jewellery consumption. More than 4.64 million people are employed by this sector, and it also includes more than 30,000 players in the gem and jewellery industries. India is now also…

IBC - #SectorUpdates on 07 Jul 2022

On 14th June 2022, IBBI amended IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) (Second Amendment) to ease the corporate insolvency resolution process (CIRP) process and bring clarity on contentious issues. Easing of CIRP process and ensure timely completion of IBC resolutions are the main focus of the amendment. Numerous CIRP processes…

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