FICCI

Closeup view of Indian rupee currency notes and coins.

July 18, 2024 2:40 PM

FICCI forecasts 7% annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economic growth remains resilient, and the nation remains amongst fastest growing economies in the world," the Survey states. The report predicts a 3.7% growth in agriculture and allied activities for 2024-25, a significant improvement from the 1.4% growth...

May 17, 2024 4:39 PM

With clean balance-sheet Indian banking sector has enough opportunity for growth: K V Kamath

India's banking sector is ready and fit to support the country's growth in the coming years, K V Kamath, Chairman of the National Bank for Financing Infrastructure & Development, said in an interview with ANI. Kamath said that after the government took steps to minimize the non-performing assets (NPAs) in India, the banking sector has come out of the twin balance sheet problem and is now ready to support the nation's economic growth. The issue of NPAs has been a significant problem for ban...

May 16, 2024 1:28 PM

FICCI-IESA sign MoU to boost India’s semiconductor and electronics industry

India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with Federation of Indian Chambers of Commerce and Industry (FICCI) to promote innovation, support the semiconductor and electronics industry, strengthen supply chains, and foster development of the ecosystem in India. "This collaboration will work on setting up joint task force on semiconductor and critical technologies of the future. Conducting technology consultative roundtables, fostering b...