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emissions data from about 70 plants to establish this baseline. But a review found mismatches between reported emissions and fuel use or production levels at some units, while others used differing calculation methods.

India’s Viksit Bharat 2047 vision requires a massive expansion of infrastructure and manufacturing, highlighted by the $1.3 trillion National Infrastructure Pipeline. However, achieving this alongside India’s net-zero 2070 target poses a financing challenge: investment must jump from $14.7 trillion to $22.7 trillion for a full green transition. To remain globally competitive amid tightening carbon border rules, key sectors such as steel and cement must decarbonize rapidly.

trade deficit of nearly $100 billion with China. Local production funded by FDI could substitute a part of these imports.Second, net FDI inflows have fallen significantly in recent years, making new sources of capital increasingly valuable.Third, the Israel–Iran war has once again exposed India’s energy vulnerabilities.

auto parts imports from India to about 25%, from roughly 2%.Mint reported in December that stress among European auto part makers has created opportunities for Indian component manufacturers such as Sona BLW Precision Forgings (Sona Comstar) and Samvardhana Motherson.“Per companies’ management commentary, step-up in closure of EU foundries on labour shortage, rising energy cost, worsening financial stress is creating opportunity for Indian suppliers offering huge benefits on the inherent low manufacturing cost,” Emkay said in its 9 March note based on takeaways from management interactions.“The trend is intensifying, as EU OEMs (original equipment manufacturers) are aggressively seeking alternative sourcing options. In North America, Indian players offer 20-30% benefit despite tariff headwinds; this helps gain share with existing clients, catering to new clients,” they added.Chennai-based MM Forgings makes steel forgings for commercial and passenger vehicles, while Noida-based Uniparts India manufactures driveshafts and precision machine parts.

₹13.22 crore, just 3.7% of the targeted ₹350 crore in interest subvention, according to a parliamentary written response by the Union ministry of micro, small, and medium enterprises (MSMEs).The MSME ministry’s Lok Sabha disclosure, a written response by minister of state Shobha Karandlaje on 12 March, showed Tamil Nadu had the most MSE beneficiaries at 1,067, followed by Punjab (610) and Rajasthan (608).The scheme, which began in 2023-24 and runs until 2025-26, is set to end on 31 March.

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The day after the Union Budget on 1 February, US tariffs on Indian exports fell from 50% to 25%, and further to a promise of 18% through a trade deal. Later, the US Supreme Court verdict against ‘reciprocal’ tariffs resulted in a uniform levy of 10% on all countries, including India, possibly rising to 15%. Wherever it settles, there is some reprieve for labour-intensive export sectors.

A new wave of affluent buyers in their twenties and early thirties is driving growth in India’s luxury watch market, forcing global brands to reposition for a more aspirational consumer.The shift comes at a time when rising disposable incomes, a swelling base of high-net-worth individuals and easing import duties under India’s trade pact with the European Union are reshaping the premium timepiece landscape. Lower tariffs on Swiss watches are expected to narrow price gaps, intensify competition and accelerate premiumisation in a market that executives say is expanding rapidly.The luxury watch market is poised for strong expansion, with annual growth estimated at 11-12%, supported by the country's rising affluent base and growing wealth among high-net-worth individuals (HNIs), according to an October 2025 report by SOIC Research.The share of luxury and high-end watch sales has jumped from 48% in FY20 to 70% in FY25, indicating that Indian buyers are gravitating toward more exclusive, higher-value brands.

₹22,615 crore in Indian equities after selling for three months in a row, showed NSDL data. Strengthening of the Indian rupee (improves returns in dollar terms) and reducing trade uncertainties with India-European Union deal and other trade agreements were the likely catalysts.But geopolitics could interrupt that revival.The latest new series gross domestic product (GDP) data for the December quarter (Q3FY26), using 2022-23 as the base year, showed growth at 7.8% despite tariff troubles.

free trade pact, opening up markets to each other in an uncertain global trade landscape. From India’s perspective, the agreement delivers unprecedented market access, with over 99% of Indian exports by trade value set to receive preferential or duty-free entry into the EU market.The rules provide some flexibility while still requiring clear value addition in India.

Subscribe to enjoy similar stories. In the regulatory tussle over supervision of India's clearing houses, the European Union blinked first. Ending a three-year standoff over supervision of the Clearing Corp.

Subscribe to enjoy similar stories. President Donald Trump’s new 15% global tariff is causing uncertainty and confusion among investors and international lawmakers alike. Trump announced the move Sunday, up from a 10% rate, after the Supreme Court struck down levies the administration imposed under the International Emergency Economic Powers Act Friday.

Subscribe to enjoy similar stories. The Centre has set new standards aligning domestic norms with global benchmarks for children’s apparel to help domestic manufacturers meet stricter international regulations, two people close to the development said.

A recent report by the Haut-Commissariat à la Stratégie et au Plan that urged the EU to consider either steep tariffs on Chinese imports or a deliberate weakening of the euro against the renminbi has triggered reactions well beyond Paris and Brussels. What began as a domestic French strategic recommendation has evolved into a wider debate about Europe’s economic direction and its role in an increasingly fragmented global trading system.The proposal, suggesting tariffs of up to 30% or a 20–30% euro depreciation, reflects mounting anxiety over Europe’s widening trade imbalance with China and its erosion of industrial competitiveness.

Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).

While the transatlantic relationship made the headlines at this month’s Munich Security Conference, many of the European analysts I hung out with were more concerned about whether, how and how quickly Europe could build adequate military capacity to achieve meaningful strategic autonomy. The twin fears of a potential Russian invasion and an American divorce have compelled Europe’s leaders to invest in military capacity, but it presents the EU and its member states with unprecedented structural challenges.Europe sees a threat to the Union itself, but has to rely on the military establishments of its member-states to respond to it. Like the Pope, Brussels has practically no divisions under its command.

Subscribe to enjoy similar stories. New Delhi: With the growing number of complaints against the government’s automated testing stations (ATS) that assess vehicle fitness, the ministry of road transport and highways (MoRTH) is auditing the 178 ATS to check data bleeding and manipulation to reduce the number of unfit and end-of-life vehicles on Indian roads, according to two people aware of the development. “About 25% of all vehicle testing is now happening at ATS, and the next step is to ensure that the data is protected and not tampered with.

Subscribe to enjoy similar stories. Economics 101 tells us that free trade makes the world better off. Countries specialise in what they produce most efficiently and trade for the rest.

Subscribe to enjoy similar stories. Governments love global summits. They signal ambition, draw CEOs and leaders, and create the impression of shaping the future rather than chasing it.

Subscribe to enjoy similar stories. For decades, the 'Made in India' label sat uneasily on global retail shelves, signalling an easy pick for discount-hunter. Now, New Delhi is betting that a flurry of newly minted trade deals can flip that script, repositioning the world’s fastest-growing major economy as a producer of premium, high-margin goods to the world’s wealthiest consumers.