PHDCCI REPORT
MSME activity expands but loses steam as global headwinds bite: PHDCCI survey
India's manufacturing MSME sector continues to expand. However, growth momentum is slowing. New orders and production are increasing at a slower pace. The outlook for the next quarter remains positive but cautious.
West Asia conflict hits tourism, aviation: PHD Chamber of Commerce and Industry flags 15-20%
The ongoing conflict in West Asia is casting a long shadow over India's tourism and aviation sectors. Tourist arrivals have plummeted, prompting airlines to alter their routes, which in turn raises both fares and journey durations. The hospitality industry is feeling the strain as well, with many restaurants shutting down and significant losses reported.
West Asia conflict disrupts aviation, leads to 15–20% dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report
India's vibrant tourism and hospitality sector is currently reeling from the impact of conflicts in West Asia. With inbound tourist arrivals plummeting and flight paths being heavily affected, the industry is facing unprecedented financial strain. In response, there is a call for innovative policy changes to enhance stability and broaden the range of tourism experiences.
Indian restaurants' 'slowdown' is ringing up a ₹79,000 cr bill as Iran war chokes LPG supply
The Indian dining scene is looking at a staggering monthly loss of ₹79,000 crore as a result of a commercial LPG shortage. This hiccup is forcing all types of eateries to shut down temporarily or seek alternative cooking methods.
A ₹18,000 crore blow seen for India's aviation story as West Asia conflict clips wings
India's aviation and tourism sectors are currently navigating turbulent skies due to the unrest in West Asia. Airlines are challenged with heightened expenses and prolonged flight durations, significantly impacting international travel. The inbound tourism sector is seeing a downturn as Indian travelers prefer more brief vacations abroad.
Budget 2026: PHDCCI recommends reform agenda as spotlight falls on banks, MSMEs
Budget 2026: India's industry body PHDCCI anticipates new government reforms. These include deeper divestment and privatization of public sector enterprises. The aim is to boost corporate activity and protect the economy from export uncertainty. The upcoming budget may clarify the future of public sector banks. Reforms are also expected to support MSMEs and the financial sector.
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'Warehousing needs to outpace foodgrain production': Ramesh Chand calls for robust storage systems
Chand highlighted strengthening buffer storage and attracting private investment. This will ensure food stability and reduce post-harvest losses for the nation, he said.
MCA likely to simplify process for transfer of unclaimed shares
The corporate affairs ministry plans to simplify documentation for transferring unclaimed shares and dividends to investors through the IEPFA. A panel's report suggests reforms for claims up to ₹5 lakh for physical securities, ₹15 lakh for dematerialized securities, and ₹10,000 for dividends. This initiative aims to reduce timelines, improve transparency, and provide hassle-free services to investors.
India's petroleum consumption to surge 5.37% annually till 2030: PHDCCI Report
India's petroleum demand is set to rise significantly by 2030, driven by manufacturing and transportation. Natural gas consumption will also witness substantial growth. Despite this surge, India relies heavily on crude oil imports. Geopolitical tensions pose risks to supply and pricing. Brent crude prices are expected to decline in the coming years.
MSMEs show improved sentiments for Q4 2025, bullish on Q1 FY2026 growth prospects: Report
PHDCCI report suggests Indian SMEs are experiencing positive business activity. It further shows growth for Q4 FY2025. The index also indicates a strong outlook for Q1 FY2026.
Food processing industry to reach USD 700 bn by 2030: PHDCCI
India's food processing sector is poised to more than double its market size to USD 700 billion by 2030, driven by increased demand for processed products, as per PHDCCI. The agricultural sector has also shown strong growth, maintaining an average growth rate of 3.9% over the last decade, with agriculture exports rising significantly.
17 states achieved over 9% and 25 states over 7% GSDP growth post-COVID: PHDCCI report
India's states have shown strong economic recovery post-COVID-19, with 25 states achieving over 7% growth in Gross State Domestic Product (GSDP) during FY22 and FY23, according to a PHDCCI report. Among them, 17 states surpassed 9% growth, with Gujarat, Kerala, Telangana, Rajasthan, and others standing out.
India's economy to grow at 8-8.3 pc in current fiscal: PHDCCI
PHDCCI predicts India's economy to grow at 8-8.3% this fiscal year, reaching a GDP of USD 34.7 trillion by 2047. Emphasis on key enablers like semiconductor industry, startup ecosystem, and export volume enhancement.
India's GDP to surpass $4 trillion in 2024-25: PHDCCI report
"The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented by the global economy through carefully calibrated policy actions," the report stated.
New FTAs, lower cost of power and logistics to help boost exports: PHDCCI report
"The 75 products have been identified from nine most promising sectors. These products contribute around USD 222 billion, which is around 50 per cent of India's total exports. At the global level, these 75 products have significant presence in world exports, whereas India's share of these products is only 6 per cent of the total world exports," it said.
PHD Chamber: India-US bilateral trade likely to touch $300 billion in 2026-27
The report “India-USA Bilateral Relations: Steady Strides into the Future” speaks about how the India-USA bilateral relations have intensified beyond the domain of trade and investments over the years.
PHDCCI pitches for compulsory suspension of bank drawls in cheque bouncing cases
The chamber also suggested that the bank should make payment of bounced cheque first before making any other payment from the account of the cheque issuer, if possible within the banking system. For bounced bank cheques, the payee needs to start litigation, which hardly results in the payment, it said.
PHDCCI asks govt to direct PSUs to clear pending bills of MSMEs in 30 days
In a representation to MSME minister Narayan Rane, the chamber said the sector is facing the problem of delayed realisation of their bills and receivables, particularly from their large corporate buyers and government organisations, for a long time.
PHDCCI urges govt to issue clarification on FDI policy in e-commerce sector
In a letter to Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain, the chamber said the loopholes in the current policy are being exploited by online retailers to carry out inventory-based e- commerce/multi-brand retail trade in the garb of running marketplace platforms.
Companies caution against hasty reaction to Omicron, seek uniform policy
Industry bodies such as Ficci, Assocham and PHDCCI are apprehensive of state-level restrictions that could throttle the nascent economic recovery seen after the second wave of the pandemic.
PHDCCI identifies 75 potential products, markets to take exports to $750 bn by 2027
Sanjay Aggarwal, President, PHDCII, said that the US, Canada, Germany, France, UK, Japan, UAE, China, Mexico, Australia, among others would be the major focused markets in the next 75 months to achieve the goods export target of USD 750 billion by 2027.
High foreign exchange reserves, strong stock market indicate recovery in coming months: PHD Chamber of Commerce and Industry
As per a report by PHDCCI, some indicators show that India could be on a recovery path. High foreign exchange reserves, strong stock market, improvement in employment scenario indicate that recovery to become stronger in the coming months, it said.
Indian economy on verge of slow recovery as worst is over: PHDCCI
Industry body PHDCCI expects India's GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22, assessing that the worst is over and the economy is on the verge of a slow recovery.
Industry body PHDCCI urges govt to use entire annual Ad budget to help media cos
The request is part of PHD Chamber of Commerce & Industry’s research report presented to minister of information and broadcasting Prakash Javadekar. As per PHDCCI, the economic slowdown, made worse by the Covid-19 pandemic, is set to pull down the Indian media and entertainment (M&E) industry’s revenues by 16%, or Rs 25,000 crore this fiscal.
Media one of the most adversely affected sectors due to COVID-19: PHDCCI report
Media has been one of the most adversely affected sectors due to the COVID-19 pandemic with a significant decline in advertisement revenues, a research report of the PHD Chamber of Commerce and Industry said on Saturday.
REITs can earn $8 billion in rental income by 2019: Report
The upcoming Grade A supply of approximately 160 million sq ft is expected to add $2.5 billion in rental income between 2016 and 2019.
Exports destination shifting towards Asia, Africa: PHDCCI
Asia and Africa are fast emerging as India's exports destinations, overtaking traditional markets of the US and Europe, industry body PHDCCI said today.
EU asks India to provide stable investment climate
The 27-nation bloc is India's largest trading partner and is one of the largest sources of foreign direct investment (FDI), Cravinho said.
Current India - Pakistan visa policy a hurdle to economic ties: PHDCCI
Industry body PHDCCI today said the current visa policy of India and Pakistan acts as a "major impediment" to growth of bilateral economic ties.
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