Finance Minister Ms. Nirmala Sitharaman presented a holistic, inclusive and development-oriented budget focused on boosting economic growth and generating employment, supported by wide-ranging measures that invest in people, economy, and innovation. This year’s Budget focused on four powerful engines of growth, and introduced reforms for agriculture, MSMEs, investment, and exports. On the…
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Industry 4.0 Adoption: Paving the Way for Indian Manufacturing
India is at the cusp of an industrial transformation fueled by Industry 4.0 technologies such as IoT, AI, robotics, and advanced analytics. The Confederation of Indian Industry (CII), in collaboration with KPMG, has presented a comprehensive report titled Industry 4.0 Adoption and Strategic Roadmap for Indian Manufacturing. This report provides…
Time to boost demand drivers of growth
Booster Dose, Increased allocations towards PM-KISAN and MGNREGA in the upcoming Budget can spur growth Amidst global uncertainties, the Indian economy has demonstrated remarkable resilience, with its real GDP averaging 8.3 per cent in the last three fiscal years. However, a few signs of moderating economic momentum have emerged, as…
How Can Indian Businesses Create Resilient Global Value Chains?
In an increasingly interconnected world, the global economy is shaped by complex networks of production and trade, known as global value chains (GVCs). For Indian businesses, participating in and shaping resilient GVCs is critical for sustained growth, competitiveness, and economic development. However, the disruptions caused by events such as the…
CII Electronics Summit 2024: Strengthening India’s Electronics Ecosystem
The 7th CII Electronics Summit brought together policymakers, industry leaders, and innovators to explore strategies for advancing India’s electronics and semiconductor manufacturing sector. Themed “Vision to Reality: Unfolding the Electronics Manufacturing Journey in India,” the summit provided a platform for insightful discussions on challenges, opportunities, and the roadmap ahead. Investment…
Tax action in the Union budget for 2025-26 could set the course for Viksit Bharat
Balancing Fiscal Prudence and Growth Impetus Balancing fiscal prudence with the need to provide a growth impetus has been a hallmark of our government over past Union budgets. Tax buoyancy has improved, while taxation has been simplified and ease of paying taxes enhanced. With a keen eye on resilience, the…
CII VLFM Success Story Book 2024: Transformative Journey of Visionary Leaders Creating Breakthrough Success
Launch of CII VLFM Success Story Book 2024 The Confederation of Indian Industry (CII) unveiled the VLFM Success Story Book 2024, a milestone publication marking its launch after six years and celebrating the impactful journeys undertaken by Visionary Leaders for Manufacturing (VLFM) participants across various sectors. Launched at the CII…
Shared Economy for Crop Residue Management
Burning of crop residue especially rice straw has been an increasing problem for India’s air quality. As the pressure to increase production of crops rises, crop residue automatically becomes a by-product that farmers need to get rid of fast. With mechanised farming and rice-wheat monoculture, the prevalence of burning crop…
How AI is Revolutionizing Agriculture and Food Production
Agriculture, a cornerstone of human civilization, is undergoing a profound transformation thanks to advancements in Artificial Intelligence (AI). This cutting-edge technology is reshaping the way we grow, harvest, and distribute food, addressing critical challenges such as food security, resource efficiency, and sustainability. By integrating AI-driven solutions, farmers and agribusinesses are…
The Significance of COP29 for India and the World: A Platform for Global Climate Action
With COP29 fast approaching, the global spotlight once again turns to urgent climate action. The Conference is critical as it is being hosted at a time when the world faces escalating climate risks, and the next steps are vital to curbing them. For India, COP29 presents a pivotal opportunity to…