Indian Economy News

July 26, 2024

Over 18.4 million women-owned MSMEs in the country, says Union Minister of Micro, Small and Medium Enterprises, Mr. Jitan Ram Manjhi

Union Minister of Micro, Small, and Medium Enterprises, Mr. Jitan Ram Manjhi, announced over 1.84 crore women-owned MSMEs, with 39% registered on Udyam and UAP platforms as of July 23rd, 2024.

Prime Minister’s package worth US$ 23.88 billion (Rs. 2 lakh crore) to boost employment and skilling for 4.1 crore youth

The Union Budget 2024-25 highlights a US$ 23.88 billion (Rs. 2 lakh crore) Prime Minister’s package to enhance employment and skilling for 4.1 crore youth over next five years.

Budget proposals for marine sector to boost India's aquaculture: MPEDA

MPEDA noted that the Union Budget 2024-25 significantly impacts India's marine sector by rationalizing customs duties and enhancing financing to boost aquaculture and seafood exports.

The Ministry of Food Processing Industries (MoFPI) approved 41 Mega Food Parks, 399 Cold Chain projects, 76 Agro-processing Clusters, 588 Food Processing Units under PMKSY

Under PMKSY, MoFPI has approved 41 mega food parks and 399 Cold chain projects, while the PMFME scheme supports 92,549 micro food processing enterprises with US$ 1.19 billion (Rs. 10,000 crore).

India's electronics manufacturing sector to see a surge in jobs with new incentive schemes

The new employment-linked incentive schemes are set to significantly boost India's US$ 500 billion electronics sector, creating up to 5 million jobs by 2030 and driving substantial growth and investment.

Regional print media companies to experience 8-9% revenue growth in FY25: Crisil

Regional print media is set for an 8-9% revenue boost this fiscal, with 20-22% profitability growth, driven by strong advertising and subscriber loyalty, says Crisil.

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