Assocham, one of India’s top three industry associations, has predicted double digit GDP growth for India this year, citing encouraging response from its members. The association, which counts hundreds of manufacturing and service sector companies as its members, said the economy is fast returning to normal after the disruption seen in April and May due […]
The number of smartphone users in India is expected to almost double by 2022 from 47 cr registered at the end of 2017, a joint study by ASSOCHAM and PwC said. Fueled by cheap data and the explosion of ‘over the top’ services, the total number of smartphones will hit 86 cr by 2022, which […]
Assocham, one of India’s prominent associations of industries, has expressed concern at the government’s proposal to put in place a mechanism to block apps like Facebook, WhatsApp and Telegram. The government has, in a confidential letter sent to internet service providers, asked them to suggest ways in which such apps can be blocked at India’s […]
India’s energy sector is facing low capacity utilisation in power generation as plant load factor is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study. The study also expressed concern over the slow pace of reform implementation in certain areas. The study noted that India had made […]
The goods and services tax will give a big boost to domestic electronic manufacturering as costs will be significantly brought down, said a study by ASSOCHAM-NEC. “The local manufacturers will be able to pass on the tax benefit to consumers in the form of price reduction,” said the report titled, ‘Electricals & Electronics Manufacturing in […]
The ongoing crack down on black money alone will not be helpful to remove black money from the real estate sector, industry union ASSOCHAM said. Many buyers of real estate prefer to show lower costs on record simply to avoid the high levels of stamp duties payable on such transactions. In most states, Indians have […]
The upcoming festive season, beginning October 1 is likely to register record-breaking sales, revenues, and highest ever purchase rate per minute for e-commerce giants as most people have deferred their holiday purchasing plans in anticipation of blockbuster offers, an ASSOCHAM survey-cum-analysis found. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) interacted with about […]
Clocking a compounded annual growth rate (CAGR) of about 16 per cent, the packaged food market in India is expected to have crossed $51.5 million (mn) mark in 2015 as against $25 million in 2010, noted a recent ASSOCHAM-TechSci Research joint study. “In wake of the increasing disposable incomes and growing number of nuclear families, […]
The government is preparing for multi-billion dollar investment to push India into top five pharmaceutical innovation hubs by 2020, Assocham said. The goal of the program will be for the country to establish global presence in pharmaceutical research by launching at a global level 1 out of every 5-10 drugs discovered in the country, the […]
Due to the expansion of 3G and onset of 4G technologies, telecom tower industry’s tenancy ratios will increase to 2.9 times by March 2020 from 1.95 times as of March 2015, according to an ASSOCHAM-KPMG joint study. Tenancy ratio refers to the number of tenants (operators) who have put up their antennae and other active […]
With a share of almost 17%, Maharashtra has emerged as the top state in terms of attracting investments in the hotels and tourism industry across India, noted a just-concluded study by apex industry body ASSOCHAM. Maharashtra has attracted investments worth over Rs 15,500 Cr of the total outstanding investments worth over Rs 93,400 Cr attracted […]
The number of people shopping online is expected to rise to 8 cr (80 mln) this year from 5.5 cr in 2015 with better infrastructure in terms of logistics, broadband and Internet-ready devices, according to an ASSOCHAM-PwC study. The overall e-commerce industry, valued at $25 billion at present has been growing at a compounded annual […]
Troubles within China are expected to spell disaster for the Indian steel industry as desperate Chinese manufacturers would dump their products more rigorously abroad, having already registered a growth of 232 per cent in their shipments to Indian ports, an ASSOCHAM study has cautioned. Indian steel makers have already been hit by declining prices due […]
The compliance window in the black money law has created more confusion and fear in the minds of the industry leaders, professionals, trading entrepreneurs, than giving any comfort of stress-free regime that treats the tax-payers with respect, the ASSOCHAM said. India’s black money law has tough provisions for those found to be holding assets and […]
Due to low tariffs rates and discounts offered by hotels, resorts and airlines, India’s domestic tourism has gone up by 23.5% during the monsoon season as compared to 18.5% last year, said industry association ASSOCHAM. The ASSOCHAM survey reveals that there has been a surge in travel by Indians within the country in the last […]
Expressing concern over steadily deteriorating situation with regard to call drops in mobile networks, ASSOCHAM today pointed out it is unfair to put the blame on the operators only since many of the critical factors causing the problem are not within the control of the telecom industry. Explaining the technical aspects of the paper, Mr. […]
The Associated Chamber of Commerce and Industry of India (ASSOCHAM), India’s third biggest industry forum, today announced it will consider opening office in Teheran, immediately after global trade with Iran becomes normal following lifting of international sanctions. Yesterday, Western powers and Iran announced an agreement to move towards normalization of trade and diplomatic relationships. Till […]
