15 May 2023 The Indian economy has remained remarkably resilient over the last three years, despite the uncertain global backdrop. No doubt, the spill overs from global shocks, which are impacting the supply chains resulting in a slowdown in growth and elevated commodity prices, is a matter of concern. Nevertheless,…
Posts Written ByCII Team .
Auto and Auto Components manufacturing. The road ahead is green
12 May 2023 The Automobile and Auto-Component Industry has become an important sector for the nation’s economic growth and development. It contributes over Seven per cent to the country’s GDP and accounts for almost forty-nine per cent of the total manufacturing output. The segment is expected to grow at a CAGR…
Indian Industry’s Business Footprint in the United States
11 May 2023 The recent years were marked by economic extremes; because of the COVID-19 pandemic, US GDP fell by 8.9 percent in the second quarter of 2020 – the largest single-quarter contraction since the Great Depression. US economic recovery has been slow but steady, reaching 2.7 percent in 2022. India also faced the sharpest GDP drop in…
National Medical Devices Policy 2023: A New Paradigm Shift
08 May 2023 On April 26, 2023, the Union Cabinet, chaired over by the Hon’ble PM Modi, approved the National Medical Devices Policy, 2023, laying the groundwork for India’s medical devices sector to become not only self-sufficient but also a global leader, while achieving broader public health objectives of access,…
Gaming Industry: A New Paradigm
06 May 2023 The gaming industry has seen rapid growth over the past few decades and has become a massive global phenomenon. With advancements in technology and a growing audience, the gaming industry has quickly evolved into one of the most lucrative entertainment industries worldwide. Gaming is a hobby that…
Creating Supply Chain Resilience Among Indian Industries
04 May 2023 In today’s globalized economy, a robust supply chain is crucial for businesses to succeed, encompasses all the activities that are involved in producing and delivering a product or service to the end customer. It includes everything from sourcing raw materials to manufacturing, packaging, and distribution. It can…
India’s Growing Ties with Italy and France
03 May 2023 In an uncertain global business environment, India has been proactively engaging with the world for new economic opportunities. This is an opportune moment to deepen engagement with two long-time collaborators and close partners—Italy and France—with whom India shares historical ties and many mutual interests. Both Italy and…
Combating Climate Change with a Sustainable Approach to Industrial Development
02 May 2023 Climate change is a complex global issue that requires a multi-faceted approach to combat its effects. The major causes of climate change are identified as the generation of power and manufacturing goods by burning of fossil fuels, deforestation, unwise use of transportation services, producing food, and growing…
The Need for Functional Literacy for Indian Workforce
Functional literacy refers to the ability to read, write, and comprehend information in a way that allows an individual to function effectively in their daily life. This includes being able to read and understand basic instructions, fill out forms, use technology, and make informed decisions based on written information. Functional…
India – Italy: Enduring partnership
27 Apr 2023 India and Italy both are ancient civilizations but young states. These two ancient civilizations have known, interacted and traded with each other for over 2000 years. Modern day contacts between the two nations were formed through exchanges between the intellectuals from both sides. Both countries have significant economic,…