Commerce and Industry Ministry

February 14, 2025 1:41 PM

WPI inflation slows to 2.31% in January as food prices ease

India's annual Wholesale Price Index (WPI) inflation eased to 2.31% in January 2025 from 2.37% in December 2024, according to data released by the Commerce and Industry Ministry on Friday. Month-over-month, the WPI declined by 0.45% in January, driven by lower food prices. The index for primary articles fell by 2.01% as food article prices dropped by 3.62%. However, prices of crude petroleum and natural gas (6.34%), non-food articles (0.66%), and minerals (0.22%) increased. Inflation in the fu...

January 16, 2025 12:38 PM

Startup India marks nine years: 1.59 lakh startups recognised, 16.6 lakh jobs created

India celebrates the ninth anniversary of the Startup India initiative on Thursday, a program that has transformed the country into the world’s third-largest startup ecosystem. Observed annually on January 16 as National Startup Day, the initiative has led to the recognition of 1.59 lakh startups by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15. It has also generated over 16.6 lakh direct jobs between 2016 and October 31, 2024. According to a statement ...

December 2, 2024 5:41 PM

Global south not to blame for environmental damage: Piyush Goyal

Commerce and Industry Minister Piyush Goyal, speaking at the inaugural session of the CII Partnership Summit 2024, on Monday, said that the Global South is not responsible for the environmental damage caused by the exploitation of low-cost energy by developed nations. Ministers and officials from countries such as Italy, Israel, Bhutan, Bahrain, Algeria, Nepal, Senegal, South Africa, Myanmar, Qatar, and Cambodia participated in the event. Goyal highlighted that each of the partne...