ASSOCHAM Indian Economic Confidence Survey 2025 presents cautiously optimistic outlook
According to the survey, nearly 54 per cent of respondent large firms, with annual turnover of more than Rs. 250 crores, reported involvement in exports indicating supportive export policies and a correlation between firm size and export competitiveness. Among firms that export, larger enterprises dominate, particularly in sectors like automobiles and components, energy, IT & ITeS, chemicals and petrochemicals, etc. However, nearly 76 per cent of respondent smaller firms, with annual turnover equal to or less than Rs. 250 crores, reported no involvement in exports, highlighting the need for greater policy push and institutional support to strengthen the export ecosystem.
The analyses reveal that 47 per cent of the respondents have indicated a moderate increase in the cost of doing business, whereas, 37 per cent have indicated a significant uptick. Key cost drivers include infrastructure cost, skilled labour, and cost of finance, among others. In addition to these, challenges related to compliance and regulatory complexity, burden exporters and domestic producers. However, the survey finds positive signs of the transformative potential of targeted policy interventions. Nearly 32 per cent of the respondent firms involved in exports appreciated government initiatives like the Production Linked Incentive (PLI) Scheme, though its reach remains uneven. Larger respondent firms tend to engage more with such schemes, while the smaller ones cite difficulty in accessing benefits.
The survey noted that from a regional perspective, states like Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Uttar Pradesh, among others have developed robust export ecosystems with exports spanning across several sectors. In contrast, other states like West Bengal, Goa and Kerala, among others have carved out niche positions. This geographic diversity calls for region-specific strategies to boost export competitiveness and diversity.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
IIT Madras to launch Rs 200 crore VC Fund, target next-gen unicorns
IIT Madras announces the launch of a Rs 200 crore VC fund to nurture startups and target next-gen unicorns. The fund will focus on Series-A and pre-Series A investments in IITM-incubated companies Shine Jacob Chennai Listen to This Article Indian Institute of Technology Madras (IIT Madras) is set to catalyse the launch of a Rs 200 crore Venture Capital fund, called the IIT Alumni Fund, targeting the next generation of unicorns. With the number of startups emerging from IIT Madras increasing exponentially in recent years, the institute anticipates several more unicorns in the future and seeks to nurture these startups through careful investments that will help them scale. The IITM Alumni Fund will focus on Series-A and pre-Series-A investments. It will be a legally separate entity from the institute, created to focus on the growth of IITM
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Delhi HC upholds Celebi security ban, cites national security threat
The Delhi High Court on Monday dismissed Turkey-based company Çelebi Airport Services Private Limited's plea challenging the Indian government's decision to revoke its security clearance. The court said that 'once national security considerations are found to exist, it was not for the Court to 'second guess' the same.' 'As per settled law, once national security considerations are found to exist, on the basis of which the security clearance has been cancelled/revoked, it is not for the Court to 'second guess' the same,' the order said. Justice Sachin Datta upheld the revocation of security clearance of the Turkey-based firm by the Bureau of Civil Aviation Security (BCAS) in the interest of national security. On perusal of the relevant information, it transpires that there are compelling national security considerations involved, which impelled the Indian government to revoke the security clearance, the court said. The court further noted that impelling geopolitical considerations, impinging upon the safety of the country, were also involved. '…the executive wing and not the judicial wing has the knowledge of India's geopolitical relationships to assess if an action is in the interest of India's national security,' the order stated. There was a considerable body of judicial dicta to the effect that the State is well within its rights to take pre-emptive measures to protect and preserve national security, the single-judge bench of the High Court said. 'No doubt, the principles of natural justice are sacrosanct; however, it is a compelling constitutional truth that security of the realm is the precondition for enjoyment of all other rights. The State/respondents are indeed justified in taking prompt and definitive action so as to completely obviate the possibility of the country's civil aviation and national security being compromised,' the court said. In its petition to the Delhi High Court, Çelebi Airport Services had said that public perception cannot be grounds for revocation of security clearance. The ground-handling company also submitted that it had been given no reason or opportunity for a hearing. 'We have been carrying the operations for 17 years without blemish. Then we received a letter on May 15 cancelling the security clearance. We were given no reason and no opportunity for hearing. It is because of public perception that the shareholding of the company is of Turkish nationals. But public perception cannot be grounds (for revocation of security clearance). There are 14,000 employees working. The entire business goes for a toss,' Çelebi's lawyers had told the court. Çelebi had also argued that the Indian government's decision to revoke its security clearance was 'arbitrary and devoid of specific reasons.' The Ministry of Civil Aviation, acting through the Bureau of Civil Aviation Security (BCAS), withdrew Çelebi's clearance on 15 May 2025, invoking national security grounds. The move came amid mounting diplomatic tensions after Turkey supported Pakistan during hostilities involving Operation Sindoor. At least seven airports in the country cancelled the services of Çelebi and its subsidiaries. Çelebi challenged the contract cancellations before the High Courts of Madras, Bombay and Gujarat, besides challenging the security revocation before the Delhi High Court. While the pleas are pending in the Gujarat and Bombay High Courts, the Madras High Court had in June granted interim protection to Çelebi Ground Services Chennai under Section 9 (interim protection to parties) of the Arbitration and Conciliation Act, 1996. Background Çelebi, a wholly owned Indian subsidiary of Turkish parent company Çelebi Aviation Holding, argued that the government's order lacked any prior notice or opportunity to respond. The company described the justification as 'vague' and 'unsubstantiated,' asserting that such actions jeopardise foreign investor confidence and threaten the livelihoods of Indian employees. The company also clarified that while it has Turkish ownership, operational and managerial control of its Indian entity is handled by an India-based team, and that it has maintained a clean track record for over a decade at major airports. Solicitor General Tushar Mehta, appearing for the Central government, expressed national security concerns over the firm's presence, and said, 'The enemy can try 10 times and succeed once; a country has to succeed all the time.' 'In cases of civil aviation and national security, there cannot be a doctrine of proportionality,' he added. He also submitted that the individuals employed by the company in question, who are deployed at airports, have access to every corner of the airport as well as the aircraft. 'The government had inputs that it would be hazardous in this scenario, in which the country is in, to leave this activity in the hands of this company,' he said. Mehta maintained that the revocation was rooted in concerns over national security under the Aircraft Security Rules, particularly Rule 12. Rule 12 of the Indian Aircraft (Security) Rules, 2023, grants the Director General of Civil Aviation (DGCA) the power to suspend or cancel security clearances and security programmes. Following the revocation of clearance, Delhi International Airport Limited (DIAL) also terminated its contracts with Çelebi, and in Mumbai, Indothai, a domestic operator, was brought in to take over the firm's ground-handling services.
&w=3840&q=100)
Business Standard
25 minutes ago
- Business Standard
Tech Wrap July 7: Lumio Arc projectors, HP AI Laptops, WhatsApp threads
Lumio Arc 5, Arc 7 home projectors launched. HP OmniBook 5 and 3 series AI laptops launched. WhatsApp tests threaded message feature. Samsung M9 AI smart monitor launched. Honor X9c launched Tech Wrap July 7 BS Tech New Delhi Listen to This Article Lumio launches Arc 5 and Arc 7 home projectors with Google TV Circuit House Technologies, a Bengaluru-based consumer tech start-up, has introduced new home projectors under the Lumio brand that feature built-in Google TV. The lineup includes the Lumio Arc 5 and Arc 7 models. These projectors incorporate the company's proprietary Arclight Engine, which delivers Full HD resolution along with support for HDR10 content. American technology giant Hewlett-Packard (HP) has introduced new AI-powered PCs in the Indian market with the debut of the HP OmniBook 5 and HP OmniBook 3. The OmniBook 5 features a 14-inch display and is equipped with the Qualcomm Snapdragon X Plus X1-26-100 processor. Meanwhile, the OmniBook 3 is available in both 14-inch and 15.6-inch screen sizes, running on AMD Ryzen AI 300 series chips. As per the company, these AI-enabled laptops aim to improve video conferencing, foster better collaboration, and enhance overall performance. WhatsApp is working on a feature that introduces threaded message replies, making group conversations easier to follow and more organised. As reported by WhatsApp tracker WABetaInfo, this update will allow replies to be displayed directly beneath the original message in group chats, creating a clearer flow of discussion. The goal is to help users follow specific conversations without scrolling through an entire chat to locate responses. Following its global unveiling last month, Samsung has introduced its premium 32-inch Smart Monitor M9 with a 4K QD-OLED screen in the Indian market. In addition to the M9, the company has also updated its M8 and M7 smart monitor models, incorporating new AI-driven capabilities designed to elevate both streaming and gaming experiences. Honor has unveiled its X9c 5G smartphone in India, targeting the mid-range market segment. Starting at Rs 21,999, the handset runs on Qualcomm's Snapdragon 6 Gen 1 chipset and includes a 108MP AI-enabled main camera with optical image stabilisation (OIS). According to the brand, the device can last up to three days on a single charge. It will be available on Amazon India starting July 12, in Titanium Black and Jade Cyan colour variants. Galaxy Z Fold 7: What to expect from Samsung's thinnest book-style foldable Samsung's forthcoming foldable phone, the Galaxy Z Fold 7, is anticipated to be slimmer than any previous book-style foldable from the company. A report from 9To5Google highlights that screen protector manufacturer WSKEN has listed a new product for the device on Amazon, alongside a video that seemingly reveals the potential design of the smartphone. Chinese smartphone maker Xiaomi has addressed recent speculation, confirming that it does not intend to discontinue its established collaboration with German optics firm Leica. This clarification comes after several reports claimed that the company would drop Leica branding from its upcoming flagship devices, including the expected Xiaomi 16 series. In a statement, a Xiaomi spokesperson dismissed the rumours as 'entirely unfounded.' Samsung is set to unveil the Galaxy Watch 8 series on July 9, alongside the next generation of Z series foldables during its second Galaxy Unpacked event this year. While the focus may be on the foldables, the Watch 8 is expected to see notable upgrades over current models, according to specifications circulating online ahead of the launch. Apple's upcoming iPhone 17 Pro is likely to see a significant design update, with recently leaked images showing both the Pro and Pro Max versions featuring a shifted Apple logo and a new full-width camera bar on the back, replacing the usual corner bump. As reported by 9To5Mac, the images were shared by X (formerly Twitter) user Majin Bu, who claims the devices depicted are the iPhone 17 Pro and Pro Max. Google has refreshed the icon of its Gemini app on both Android and iOS platforms. According to 9To5Google, the new logo adopts a multicoloured design similar to other well-known Google apps. "The Blue is the predominant hue at the right, while the other colour points are red, yellow, and green." Apple is preparing to launch the first public beta of iOS 26 in the coming weeks. Introduced at WWDC 2025, the new OS is already available in its developer beta and debuts Apple's 'Liquid Glass' design approach. iOS 26 also introduces Apple Intelligence capabilities like real-time call and audio translation, as well as updates to core apps including Phone, Messages, and Music. Additionally, it features a new Apple Games app for managing gaming content across Apple devices. Samsung is likely to introduce the Galaxy Z Flip 7 at its upcoming Unpacked event on July 9. Ahead of the announcement, purported images and videos of the device have surfaced online, hinting at a larger cover display and a slimmer overall profile. In a pioneering effort, the Andhra Pradesh government is rolling out a technology-driven mosquito control initiative using AI. Named the Smart Mosquito Surveillance System (SMoSS), the platform aims to monitor and manage mosquito populations more effectively and safely. The pilot phase will launch across 66 sites within six major municipal corporations—Visakhapatnam (16), Vijayawada (28), Kakinada (4), Rajamahendravaram (5), Nellore (7), and Kurnool (6). OnePlus has updated its budget-friendly audio lineup in India with the Bullets Wireless Z3, designed for users seeking dependable sound on a tight budget. Priced at Rs 1,699, the Z3 avoids luxury features like active noise cancellation but delivers a well-rounded package of comfort, utility, and sound quality. Equipped with 12.4mm dynamic drivers and support for 3D Audio, the Z3 presents itself as a solid option in the affordable earphone segment. "I've been using it for the past few weeks and here's how these fared." Lei Jun, founder and CEO of Xiaomi, took a direct jab at Apple during the launch of Xiaomi's second electric vehicle—a highly anticipated SUV—held in Beijing last month. Highlighting Apple's withdrawal from the car project after spending over a decade and $10 billion, Lei remarked, 'Since Apple stopped developing its car, we've given special care to Apple users,' referencing the ability of iPhones to connect seamlessly with Xiaomi's new cars.
