ASSOCHAM | Pixr8 News

7Jan By NitishNo Comments

INDIA

Indian Government Launch Exclusive Scheme For Women Entrepreneurs

The Indian Government would shortly launch an exclusive scheme for women entrepreneurs, a senior official in the Ministry of Micro, Small and Medium Enterprises (MSME) said today. "It will be an exclusive scheme for women entrepreneurs. We have not yet finalised the contours (of the scheme). Hopefully, we will launch it before the end of the financial year," B H Anil Kumar, a Joint Secretary in the Ministry, told reporters here. Earlier, he launched myloanassocham.com, a portal, industry body ASSOCHAM said, that provides MSMEs online access to funds at an affordable rate from a mix of banks and financial institutions. Kumar said the figures that the MSME sector contributes 8 percent to the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports are b...

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

22Aug By PriyankaNo Comments

ANALYSIS

Bengaluru Most Hospitable to Tech Startups; NCR Next Best

(ANI): Bengaluru is host to the largest share of technology driven start-ups, followed by the Delhi NCR and Mumbai while Hyderabad and Chennai are also quite popular among the techies who are budding entrepreneurs, according to an ASSOCHAM study. The study done in association with the thought arbitrage found that in the technology driven start-ups, India has moved up to third position with the US occupying the top position with more than 47,000 and UK with over 4,500. India's tech start-ups number around 4,200 up to 2015. In terms of total number of start-ups, comprising tech and non-tech areas, India again figured among the five largest hosts in the world along with China. The number of start-ups in both India and China was 10,000 each. The US is at the number one position among...

19Jun By AdityaNo Comments

INDIA

Raghuram Rajan Leaving Not a Good Sign For Indian Economy: ASSOCHAM

The ASSOCHAM has said at a time when a tumultuous global economy posed several risks to India along with the banks grappling with an unprecedented challenge of mounting non-performing assets, the decision of Reserve Bank of India (RBI) Governor Raghuram Rajan to not continue with his current post after the end of his tenure was unfortunate. "While it is the institutions which are paramount, individuals provide leadership and a quality leadership makes all the difference. That is what Dr Rajan has done to the RBI. Over the last three years, he provided a new dimension to entire approach of the central bank with a global perspective, yet keeping intact, the unique advantages of the Indian economy and eco system," ASSOCHAM Secretary General D. S. Rawat said. He expressed hope that Rajan was...

Delhi-NCR Emerged as The Top Job Creator City in January-March: Report

29May By AdityaNo Comments

News

Delhi-NCR Emerged as The Top Job Creator City in January-March: Report

Delhi-NCR emerged as the top job creator among eight major cities in January-March, generating over 2.6 lakh new employment opportunities in the period, says a report. A total of 8.5 lakh jobs were created in eight major cities across the country, the report said. "Delhi-NCR emerged on top with over 2.6 lakh new jobs created during January to March 2016 followed by Bangalore (1.9 lakh), Mumbai (1.5 lakh), Chennai (82,200) and Hyderabad (60,000). About 88.9 per cent of job openings have been recorded in these top five cities," the report by Assocham said. In Delhi-NCR, about 61.1 per cent of job openings were recorded from the information technology enabled services (ITeS) followed by services (18.5 per cent), manufacturing (8.4 per cent), banking financial services & insurance (...

30Apr By AnkitaNo Comments

INDIA

India Can Save USD 50 Bn if Logistics Costs are Brought Down to 9 Pct of GDP: Study

India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country's gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today. "With expected inflow of new investments owing to government's thrust on promoting domestic manufacturing sector, India's cargo and logistics industry is likely to clock a compounded annual growth rate of about 16 percent during the course of next few years," noted the study on 'Cargo and logistics industry in India,' conducted by ASSOCHAM jointly with knowledge firm Resurgent India. "The Make in India campaign will see investments connect India to global production networks that would generate new business for logistics in ...

30Mar By AnkitaNo Comments

INDIA

Gujarat, Maharashtra Together Contribute 46 Percent To India’s Exports: Report

According to an ASSOCHAM study on 'Export Performance of States', the analyzed data between 2007-08 and 2014-15 reports that Gujarat and Maharashtra account for more than 46 percent of the merchandise consignments from the country and with the addition of three next best performing sources of shipments, the top five states claim over 69 per cent of India's entire export earnings. While Gujarat and Maharashtra have been vying for the top spot, the latter became the best performing states shipping goods worth USD 72.83 billion in 2014-15. Gujarat had export shipments of USD 59.58 billion in the same period while Tamil Nadu emerged as the third largest sourcing state with USD 27.47 billion of the consignments, noted the study prepared by ASSOCHAM Economic Research Bureau. Though Gujarat...

Smartphone Sales To Shoot Up To 160 Million By 2017: ASSOCHAM

25Mar By AdityaNo Comments

ANALYSIS

Smartphone Sales To Shoot Up To 160 Million By 2017: ASSOCHAM

The ASSOCHAM has in its study pointed out that sales of smartphones in the country are set to shoot up to 160 million in fiscal year 2017 from 100 million this year on the back of prices becoming affordable for a larger number of people. It said that the in-built camera, other internet-enabled features, coupled with replacement of ordinary phones with the smart devices at a rapid pace were few of the reasons. The sales of smartphone almost doubled from 44 million units in 2013 to 100 million units in 2016 and is expected to touch 160 million units by 2017, the ASSOCHAM is its latest study said. With the smartphones serving the needs of amateur photographers and enthusiasts, the demand for the digital camera sales, however, dropped by more than 35 percent in the past one year. T...

E-commerce Effect cause 55.58% decline in footfalls at Delhi-NCR malls in this Diwali

31Oct By NitishNo Comments

News

E-commerce Effect cause 55.58% decline in footfalls at Delhi-NCR malls in this Diwali

In the wake of an unprecedented surge in e-commerce, shopping malls already under huge pressure due to large vacant spaces are expected to see a sharp decline in the footfalls could be to the extent of 55.58 per cent during the ongoing festive season this year, reveals an ASSOCHAM recent survey. According to the just concluded survey, Delhi-NCR has recorded the highest decline in footfalls at city malls. As per the study, about 120-150 malls were launched in the past two years but close to 65-70% of the spaces in many of the malls still remain empty. Several malls, unable to attract the shops are even shutting down. The major factors attributed to this situation are an economic slowdown, online shopping, high-interest rate and inflation of consumer good items, the steep drop in sho...

Assocham Report: India’s QSR market may reach Rs 25K crore in next 5 years

26Oct By AdityaNo Comments

News

Assocham Report: India’s QSR market may reach Rs 25K crore in next 5 years

The quick service restaurants (QSR) sector in India is currently growing at a compounded annual growth rate (CAGR) of 25 percent and is likely to touch Rs 25,000 crore mark by 2020 from the current level of Rs 8,500, according to an analysis by apex industry body "Entry of various national and international players in the QSR space has significantly widened the chain market due to fast-expanding middle class, urbanization, youth spending, nuclear families and better logistics," according to the sector-specific analysis conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). "About 50 percent of India's population eats out at least once in every three months and eight times in every month in bustling metros as compared to the US (14 times), Bra...