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The Economic Times Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation.

The Economic Times PLI schemes driving manufacturing sector to new heights, reshaping industries

The development of plug-and-play industrial parks in over 100 cities has also attracted significant investments, making India a more attractive destination for industrial growth.

The Economic Times Navigating 2025: Economic resilience, sectoral opportunities, and transformative power of AI

The 2025 outlook is cautiously optimistic. Despite ongoing global challenges, growth prospects, especially in the year's second half, offer hope. In 2024, uneven growth was impacted by high interest rates, supply chain disruptions, and geopolitical tensions.

The Economic Times Healthy growth set to return this fiscal; rate cut likely sooner

India is set to navigate various economic challenges and geopolitical tensions to maintain its status as the fastest-growing major economy. Despite a recent dip in growth, strong macroeconomic fundamentals and anticipated policy measures from both the government and RBI suggest an optimistic outlook for 2025.

The Economic Times India well positioned to more than fend for itself: Anand Mahindra

Anand Mahindra emphasizes that India, leveraging its political stability and military strength, can capitalize on evolving global alliances to enhance its economic potential and integrate further into the global supply chain. Mahindra Group sees significant growth opportunities, highlighted by achievements in the automotive sector, particularly with premium electric vehicle launches.

The Economic Times Core sector output rises to 4-mth high of 4.3% in Nov

India's core sector output grew by 4.3% in November, a four-month high, up from 3.7% in October. This growth reflects the fading impact of heavy rainfall earlier. Cement led with 13% growth. Coal, steel, electricity, refinery products, and fertilizers also saw positive growth. However, crude oil and natural gas declined.

The Economic Times Gen-AI industry to have 1 million new job opportunities by 2028, contribute significantly to GDP: Report

The Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation and the concurrent rising demand for emerging tech niche job profiles.

The Economic Times India may face challenges in achieving good scores on some parameters in WB's B-Ready report: GTRI

The report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice.

The Economic Times Emerging technologies to drive job growth in 2025: Report

The Indian IT sector is set for significant growth, with emerging technologies driving a 20% increase in new jobs by 2025. Roles in AI, cybersecurity, and other tech fields are in high demand. Upskilling and the gig economy are key trends shaping the future workforce.

The Economic Times ILO agrees to reassess India's social protection

The International Labour Organisation will reassess India's social protection coverage to include in-kind benefits such as free ration and state-level schemes. This could increase coverage to over 57% from the current 48.8%. The Indian labour ministry is working with the ILO and gathering necessary data for this reassessment.

The Economic Times Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$

Throughout the year, the US dollar strengthened against most major currencies. It gained 11.1% versus the Japanese yen, 3.1% against the South African rand, 27% versus the Brazilian real, 22% against the Mexican peso, 13.7% versus the Korean won, 4.5% against the Indonesian rupiah, 4.7% versus the Philippine peso, 3.27% against the Singapore dollar, and 6.7% versus the Taiwanese dollar.

The Economic Times India Budget: As we enter 2025, a lot is riding on Sitharaman's Feb 1 budget

Union Budget 2025: India's economy in 2025 hinges on the Union Budget, presented by Finance Minister Nirmala Sitharaman, to address slowing growth, high inflation, and faltering private consumption. The budget aims to cut income tax, boost infrastructure spending, and maintain capital expenditure momentum, targeting economic revival.

The Economic Times How Indian companies say aye to AI

As 2024 ends, ET engages top Indian corporate leaders to share insights on their use of AI tools in personal and professional spheres. Reflecting on AI's rapid growth since ChatGPT's 2022 launch, they discuss its impact on businesses and everyday life, highlighting AI's growing influence across industries.

The Economic Times IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy

CCI has approved the acquisition of certain shareholding in Fourth Partner Energy by IFC, ADB, and DEG to support its expansion in renewable energy. Additionally, CCI cleared Mars Inc's $35.9 billion acquisition of Kellanova, a leader in global snacking and frozen foods, to enhance its product offerings.

The Economic Times GST cess may fall short of Rs 1.37 lakh crore for states compensation

The GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additional ₹13,000 crore compensation may be required after reconciling audited accounts. The Centre is confident cess collections until March 31, 2026, will address this shortfall.

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