Manufacturing
India's New Employment-Linked Incentive Scheme: Who Gains from the ₹99,446 Crore Job Push?
India's ₹99,446 crore ELI Scheme aims for 3.5 crore jobs by July 2027. It benefits first-time formal employees with a 1-month EPF wage (up to ₹15K) and employers with ₹3K/month per additional hire for 2-4 years. Focus on manufacturing. This formalizes labor, boosts youth employment, and encourages savings.
India's Economy Ignites: Business Activity Soars in June on Robust Demand and Historic Export Surge
India's economy soared in June! Business activity hit a 14-month high (PMI 61.0) due to strong domestic demand and record export orders, particularly in manufacturing. Hiring surged. Input cost inflation also eased, allowing stable pricing. This robust performance signals sustained growth for India's private sector.
Following China's curbs on rare earth metals, India is now searching for other magnet supplies
India is urgently seeking alternative rare earth magnet sources after China's export curbs. This impacts India's EV and electronics sectors, highlighting over-reliance on China. The government is pushing for domestic mining, processing, and diversified international partnerships to build self-reliance in critical minerals.