The Union government's efforts on infrastructure development and investments in critical sectors such as railways, defense, power, and data centers is expected to drive growth momentum into financial year (FY) 2026 and beyond, says a report by financial services firm Prabhudas Lilladher (PL).
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Industry leaders predict India's economic growth to rise to 6-7.9% for FY 2025-26, driven by technological advancements and business reforms. Key budget priorities include reducing GST on health insurance, expanding financial inclusion, and providing tax incentives for R&D and fintech innovation.
CII proposes a seven-point agenda in the FY26 budget to enhance employment generation, stressing an integrated national employment policy, support for labor-intensive sectors, international mobility authority, and increased female workforce participation, to harness India's youthful demographic dividend and drive inclusive economic growth.
Apple's iPhone production in India has surged by 60% to $22 billion, now accounting for one in five iPhones globally. This shift, driven by geopolitical tensions and supply chain vulnerabilities, positions India as a key export hub. Foxconn is expanding its manufacturing footprint in Uttar Pradesh, signaling a long-term commitment to India's growing industrial ecosystem.
Poonam Gupta has been appointed as the fourth woman deputy governor of the Reserve Bank of India, filling a post vacant for over two months. Gupta, an esteemed economist and currently director general of NCAER, will serve a three-year term and has previously contributed to various economic advisory councils.
The Indian stock market closed higher, led by gains in financial and energy stocks following the RBI's $21 billion liquidity infusion and lower crude prices. The BSE Sensex and Nifty 50 both rose significantly. Positive global cues, particularly from a temporary tariff reprieve in the US, also bolstered investor sentiment.
New India Assurance boasts the lowest claim rejection rate at 0.2%, outperforming all other insurers in India, according to a recent report. The public sector giant also leads in minimal rejections for health and motor own-damage claims.
Reliance Industries Ltd has achieved the second-best brand ranking globally in the FutureBrand Index 2024, rising 11 places from its previous position. The Index evaluates companies on brand perception and ability to align with evolving market and consumer dynamics, with Samsung taking the top spot.
China's dominance in manufacturing has led to significant global dependencies, especially in electric vehicles, green energy, and critical minerals. The Economic Survey suggests diversifying supply chains and forming more global partnerships to reduce reliance on Chinese imports and enhance economic security.
PB Fintech's Policybazaar is investing Rs 860 crore for a 25% stake in PB Healthcare to develop hospitals with a 1,000-bed capacity. These hospitals aim to offer zero rejection and cashless treatment. The initiative seeks to address the rising healthcare costs and will initially cover the NCR before expanding further.
Ankura Hospitals, a Hyderabad-based healthcare provider, has secured funding of Rs 165 crore from the Asian Development Bank to support its expansion plans. The strategic investment will enhance its facilities and healthcare services across India, particularly in pediatric, maternity, and gynecology care. Ankura currently operates over 1500 beds across 14 hospitals in multiple states.