Page 2 - Ficci

Indian economy likely to grow between 6.5-6.9% in FY26, says Ficci

On the investment front, the government's focus on capital expenditure is expected to remain a key growth driver in 2025-26

Ficci lowers India's growth projection from 7% to 6.4% for current FY

Industry body FICCI on Thursday lowered India's growth projection for the current financial year to 6.4 per cent from 7 per cent estimated earlier. According to FICCI's Economic Outlook Survey, the revised projection is in line with the broad expectations and reflect a notable slowdown vis--vis 8.2 per cent GDP growth recorded in 2023-24. "...FICCI's Economic Outlook Survey projects an annual median GDP growth forecast of 6.4 per cent for 2024-25. The forecast in the current survey marks a moderation from 7.0 per cent estimate (for 2024-25) put out in the previous round conducted during the month of September last year," it said. The survey was conducted in December 2024 and drew responses from leading economists representing industry, banking and financial services sector. The participating economists observed global economy in 2025 to present a reasonable growth trajectory, with an underlying note of caution. Sharing their perspective on the expected impact of US President Donal

Working on replicating trusted source product rules for power sector: NCSC

The government is working on trusted source product rules for equipment used in the power sector, after implementing it for telecom networks, National Cyber Security Coordinator (NCSC) M U Nair said on Thursday. Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of the National Security Directive on Telecommunication Sector (NSDTS) in 2021 has made telecom networks, which is the backbone of entire public digital infrastructure, safe. "I'm sure you would have seen that the US is having a lot of problems with telecom networks. Since 2021, our telecom networks are fairly protected from cyber security vulnerabilities because they have addressed this issue of supply chain. Now should it be replicated in other ministries? This is something which the government is working on with Ministry of Power, because our energy grids need to be protected," Nair said. The rollout of NSDTS has led to virtual ban on purchase of equipment from Chinese ...

Raise import duty on petchem to protect domestic industry: Ficci asks govt

Fearing that countries like China may take advantage of low import duty to dump petrochemical products in India, a top trade body has sent an SOS to the government seeking hike in customs duty to protect the domestic industry and jobs. The Petrochemicals and Plastic Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) has written to Ministry of Chemicals and Fertilizers seeking hike in customs or import duty on polypropylene and polyethylene - vastly used in automobiles, packaging, agriculture, electronics and medical devices as well as in construction - from 7.5 per cent to 12.5 per cent. India is short on petrochemicals. Taking into account the capacity additions announced so far, the projected deficit of polypropylene and polyethylene is likely to reach 12 million tonne per annum or USD 12 billion at current price levels by 2030. While the domestic Indian producers are caught in the cyclical nature of the business, China is scaling up petrochemicals ...

Ficci FLO's annual meet hosts 350 women entrepreneurs in Northeast region

About 350 businesswomen and entrepreneurs from across the country are taking part in a four-day interstate meet of FICCI Ladies Organisation (FLO), being hosted by FLO's North-East chapter in Guwahati and Shillong for the first time. The meet, titled 'Mystical NorthEast', got underway here on Thursday, a statement said. The interstate meet of the women wing of the Federation of Indian Chambers of Commerce and Industry (FICCIFLO) is an annual event organised by the different chapters of the organisation in various parts of the country. FLO has 20 chapters across India. The first two days of the ongoing meet are being held in Guwahati and the remaining two days in Shillong. The meet includes an amalgamation of intellectually stimulating discussions, entertainment and networking and also a blend of learning sessions. A major highlight of the meet is an exhibition 'FLO Bazar' showcasing local art, handloom, weaves and traditional culture, the statement said. "The Interstate Meet is a

RBI has a tough balancing act to do: Ficci's Harsha Vardhan Agarwal

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Green shoots seen on consumption, food inflation likely to fall: Ficci Prez

"Green shoots" are visible on the consumption front as food inflation has started receding, newly appointed FICCI President Harsha V Agarwal said. Food inflation is expected to come down to its normal level in the next two quarters, Agarwal said, adding that he is hopeful for a revival in consumption growth, aided by a good crop and increased spending by the government on the big-ticket infra projects and rural schemes in the December quarter. Government spending in the right areas -- like increase in capex and ramping up infrastructure, rather than focusing on revenue expenditure -- is helping the overall economy, he said. "We are seeing some green shoots where we believe food inflation is coming down... it has to come back to normal. It might take maybe one quarter or so. But we are seeing situations where it is improving, and hence we are hopeful that consumption should increase," Agarwal told PTI. Government spending in the September quarter was low due to the general elections

Emami MD & VC Harsha Vardhan Agarwal takes over as Ficci President

Harsha Vardhan Agarwal, Vice-Chairman and Managing Director of Emami Ltd, on Thursday took over as Ficci President for 2024-2025. At the industry chamber's 97th annual convention in the national capital, he took over from Anish Shah. In a statement, Ficci said Anant Goenka, Vice-Chairman of RPG Group, has been elevated to senior Vice-President of the chamber and Vijay Sankar, Chairman of The Sanmar Group, has joined the Ficci leadership as Vice-President. Harsha Vardhan Agarwal is a second-generation leader of the USD 3.1-billion diversified business conglomerate Emami Group. With his extensive multi-functional knowledge and experience, Agarwal spearheads the FMCG business of the Group -- Emami Ltd as its Vice-Chairman and Managing Director.

Ficci seeks PLI 2.0, tariff review to boost electric vehicle growth

For instance, eligibility for the auto original equipment manufacturer (OEM) PLI requires global group revenues of at least Rs 10,000 crore and investments in fixed assets of Rs 3,000 crore

Goyal urges industry to raise quality standards, appoint representatives

Calls on industry leaders to partner government in easing compliance and decriminalising biz laws

Visionary, an inspiration: India Inc mourns demise of nation's Ratan

Ratan Tata was at the helm of the widely known Tata Group for 21 years between 1991 and 2012, and under him, the group's profits rose by 50 times

Ratan Tata a 'role model' who inspired generations of entrepreneurs: Ficci

Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism". Ficci President Anish Shah said, "Ficci remembers Ratan Tata not just as a successful businessman but as a role model who embodied the values of integrity, humility, and social responsibility." "His vision of ethical capitalism and his efforts to use business as a force for societal good have inspired generations of entrepreneurs and corporate leaders," Shah said. The loss of Mr Tata leaves a void in the Indian business community that will be hard to fill, the industry body said, adding Ficci extends its deepest condolences to his bereaved family and friends. Echoing similar sentiments, Assocham described him as an iconic leader whose influence extended beyond Corporate India making him a global leader with immense goodwill. "Mr Tata not only took a well-diversified

Ficci furniture mission explores collaboration with Singapore businesses

Federation of Indian Chamber of Commerce and Industry's (Ficci) furniture industry mission has explored new avenues for collaboration with furniture businesses in Singapore as a market outreach programme. "This mission is an important milestone in deepening the relationship between the Indian and Singaporean furniture industries," Ficci Furniture Committee Chair Rudra Chatterjee, who led the industry delegation to the city state, said. "We are excited to explore new avenues for collaboration, which can drive growth and prosperity in both markets," he said after interaction with the Singapore Furniture Industries Council (SFIC) on Wednesday. "The collaboration opportunities between SFIC and Ficci present exciting opportunities in areas like sustainability, design and market expansion," SFIC President Phua Boon Huat said after hosting a roundtable and B2B meetings. "We are happy to welcome the Ficci delegation to Singapore, building on recent high-level engagements between our two ..

Soon, National Centre of Excellence for Animation on lines of IITs, IIMs

The Union Cabinet on Wednesday approved a proposal to set up the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics and Extended Reality (AVGC-XR) on lines of the IITs and IIMs to anchor the animation ecosystem in the country. Aimed at positioning India as a content hub for providing state-of-the-art content thereby enhancing India's soft power globally and attracting foreign investments into the media and entertainment sector, the centre will be set up in Mumbai as a Section 8 Company under the Companies Act, 2013. The Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industry (CII) representing the industry bodies will be partners with the government in setting up the proposed institute of immersive creators. "AVGC-XR sector today plays an indispensable role in the entire realm of Media and Entertainment, including filmmaking, OTT platforms, gaming, advertisements and several other areas, including health, ..

Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey

Bankers said these sectors stand out from the overall trend

RBI may shift to neutral stance as monsoon eases food inflation concerns

Monsoon progress brightens food inflation outlook

58% Indians feel burned out, higher than global average: Ficci-BCG report

Contrary to popular belief, burnout is not primarily due to excessive workloads but rather the increasing demands for collaboration and frequent interactions, it added

World in most violent phase since second world war: CDS Gen Anil Chauhan

Gen Anil Chauhan noted that the world is passing through an era of big global disruptions, ranging from technological to environmental, peace, security and other issues

Sanjeev Krishan re-elected as chairman of PwC in India for second term

The consultancy said that Krishan would continue to represent it externally and internally. He will also continue to serve on the PwC Global Strategy Council

Fiscal headroom should be used to spend on social sector, says Ficci

The economists said the fiscal deficit target for 2024-25 could be slightly lowered, from the 5.1 per cent estimate laid out in the Interim Budget earlier this year