Handloom weaving, with its intricate patterns and rich cultural heritage, has been an important element of India’s textile industry for generations. Handloom weaving has traditionally been a labor-intensive process involving manual weaving on looms, with techniques often passed down through generations. However, as we go through the digital age, technology…
Posts Written ByCII Team .
Empowering Artisans: The Role of Handlooms in Rural Development
Handlooms play a distinctive role in India’s cultural and economic fabric. They have been a staple of rural life for ages, rooted in tradition and sustainability. The handloom sector is not only a symbol of India’s rich past, but it is also a key engine of rural development, creating jobs,…
Celebrating National Handloom Day: Weaving a Legacy of Tradition and Sustainability
Every year on August 7th, India celebrates National Handloom Day, a tribute to its rich heritage of traditional weaving and the invaluable contributions of handloom weavers. This day not only commemorates the Swadeshi Movement, which was launched on this date in 1905 to revive domestic products and production processes, but…
India as a Global MedTech Hub: Progress and the Road Ahead
India is rapidly emerging as a global hub for medical technology, ranking as the 4th largest MedTech market in Asia and among the top 20 globally. The sector is projected to reach USD 50 billion by 2025, driven by an increasing demand for healthcare services, a growing elderly population, and…
A holistic budget with measures for inclusive economic growth
The Union Budget 2024-25 presents comprehensive, outcome-based and sector-specific measures that will accelerate India’s growth trajectory in an inclusive and sustainable manner. Moreover, this has been done with attention to macroeconomic stability and fiscal prudence, adhering to a path of fiscal consolidation, with the fiscal deficit pegged at 4.9% for…
A Simpler Tax Journey: The Benefits of the New Income Tax Regime
India’s tax landscape has undergone a significant transformation with the introduction of the new income tax regime. The Union Budget 2024-25 has put emphasis on the adoption of the new income tax regime by incentivizing its adoption by taxpayers. The changes included the new income tax slabs for FY…
PM addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference by the Confederation of Indian Industry (CII)
The Prime Minister, Shri Narendra Modi addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’ organized by the Confederation of Indian Industry (CII) at Vigyan Bhawan in New Delhi today. The conference presented the outline for the Government’s larger vision for growth and the…
Budget 2024: The government’s focus is on ease of paying taxes
While providing primacy to growth with inclusion, the Budget tempts to infuse a new momentum to the economy and strengthen India’s resilient ecosystem so that the country emerges as a growth engine of the world. An overarching theme An important focus of the Budget is simplification and rationalisation of the…
Budget 2024: Right recipe prepared for jobs with proposals to facilitate employment, skilling of youth
The Economic Survey 2023-24 estimates that India needs to generate about 78.5 lakh non-farm jobs annually until 2030 to gainfully employ the Indian youth entering the workforce. With proposals to facilitate employment, skilling and other opportunities for 4.1 crore youth over the next five years, the Union Budget 2024-25 will…
An inclusive Budget with its focus on growth, jobs
The Union Budget 2024-25 exemplifies the unwavering dedication of the finance minister to provide a medium-term vision and an all-encompassing blueprint for a prosperous, environmentally sustainable and technologically advanced India. With an objective of having the nation proceed on the “Amrit Kaal” journey with gusto and join the league of…