
Swedish Chamber of Commerce gives thumbs up to favourable business environment in India
New Delhi [India], June 1 (ANI): The Swedish Chamber of Commerce India's Business Climate Survey 2025-26 has lauded the favourable business environment in India.
Sharing highlights from the survey in a series of posts on X on Sunday, Commerce and Industry Minister Piyush Goyal, said, 'The Business Climate Survey 2025-26 by the Swedish Chamber of Commerce India, has given a thumbs up to the favourable business environment in our country over the years, under PM@NarendraModiji.'
Goyal said that one of the main highlights of the survey is the resounding approval of the current business climate and rate of business satisfaction, reaffirming the positive impact of 'Make In India'.
He noted that over the last decade, the Modi government has consistently worked to enhance the Ease of Doing Business in the country and the impact has been that global companies are increasingly choosing India as the trusted partner in their growth plans.
'A large number of the companies surveyed are expecting their turnover to increase over the next year, especially those involved in Construction & Building, Aerospace & Defence, IT & Electronics, and Business Services,' the Minister said.
According to Goyal, the growing confidence in India's business climate also reflects in the majority of companies surveyed, especially those in manufacturing, looking to increase their investment in the coming year.
'And last but not the least, India has become more important in their sourcing strategy in the last couple of years, with cost efficiency being a big focus. The report reconfirms the confidence in India's growth story and also their focus on developing India as a hub in global value chains,' Goyal added. (ANI)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
39 minutes ago
- Hans India
India-US Trade Deal May Be Coming Soon, Says US Commerce Secretary Lutnick
US Secretary of Commerce Howard Lutnick announced during negotiations for a trade deal between India and the US that both countries have identified a mutually beneficial agreement. At the US-India Strategic Partnership Forum Annual Leadership Summit on Monday Lutnick revealed that the United States is attempting to conclude trade deals within one month which deviates from the standard two to three-year timeline typical between trading nations. 'Earlier countries get a better deal. That's the way it is. I think India is exerting significant effort to become one of the first countries which I find commendable.' Our two countries maintain a strong bilateral relationship. Lutnick expressed his belief in an upcoming beneficial trade agreement between the two nations through his message on X. During the Summit he stated "I am a great fan of India and the government people know that to be true.' After Lutnick's announcement of an impending trade deal between India and US Kumar Mangalam Birla, the Aditya Birla Group Chairperson, responded by saying, 'He (US Secretary of Commerce Howard Lutnick) showed great positivity regarding the India-US relationship and future cooperation between both nations.' He mentioned that Prime Minister Modi and President Trump have strong friendship ties which helps their nations collaborate effectively. Trade talks between India and the US will take place on June 5-6. The US delegation will visit India from June 5 to June 6 for Bilateral Trade Agreement talks according to government sources speaking to ANI. The sources report that bilateral trade negotiations between the two countries are moving forward positively. The report indicated India and the US will finalize the first section of the awaited BTA before July. The Department of Commerce from India joined representatives from the Office of the US Trade Representative for India-US BTA discussions in Washington, DC between April 23 and April 25, 2025.
&w=3840&q=100)

First Post
44 minutes ago
- First Post
‘You buy Russian arms… stay in Brics bloc': US Secy looks rattled by India's defence, diplomatic policies
US Commerce Secretary Howard Lutnick has flagged India purchases of Russian military gear and membership of Brics and said that such activities 'get under the skin' of the United States are not 'the way to make friends'. read more U.S. President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C. File image/ Reuters US Commerce Secretary Howard Lutnick has outlined India's activities gets 'under the skin' of the United States. Speaking at the US-India Strategic Partnership Forum in Washington DC, Lutnick flagged India's purchase of military gear from Russia and membership of Brics. Lutnick said, 'There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, you generally buy your military gear from Russia. That's a way to kind of get under the skin of America if you're going to buy your armaments from Russia.' STORY CONTINUES BELOW THIS AD As for the Brics, Lutnick said that the bloc's purported 'move to not support the dollar and dollar hegemony' is 'not really the way to make friends and influence people in America'. #WATCH | Washington DC | US Secretary of Commerce Howard Lutnick says, "...There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, you generally buy your military gear from Russia. That's a way to kind of get… — ANI (@ANI) June 3, 2025 For a long time, US President Donald Trump and his aides have criticised India for buying military equipment from other countries. They have also criticised Brics, which they accuse of trying to de-dollarise the world economy. India has repeatedly rejected the charge that Brics is working towards either de-dollarisation or floating any Brics-specific currency. 'I don't think there's any policy on our part to replace the dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability. And right now, what we want in the world is more economic stability, not less,' External Affairs Minister S Jaishankar said in March. STORY CONTINUES BELOW THIS AD In his remarks, Lutnick went on to say that the Trump administration and India are working to address the twin issues he flagged. 'The President calls that out directly and specifically, and the Indian government is addressing it specifically. And that's how you move on to a really positive place. Put it on the table, address it straight on, resolve it straight on and get to a really good place. And I think that's where we are,' said Lutnick. As for ongoing trade talks between the two countries, Lutnick said that the trade deal could be finalised in the 'not-too-distant future'.


Time of India
an hour ago
- Time of India
Diversify critical mineral supply chain or face disruption: IEA
The International Energy Agency (IEA) on Monday cautioned that the concentration of critical mineral mining and processing in a few hands could affect global prices and supplies, while also suggesting that India should incentivise green mobility to reduce its vulnerability to high oil prices. "The world is entering a stage where the trade flows are not necessarily based on established WTO rules, but it is a different context. When we look at critical minerals, which are key for energy transition, but also key for defense, AI, manufacturing, chips, we are seeing a major concentration. This is a worry, because we at the IEA believe that the best energy security policy is diversification... my appeal to all the countries around the world (is to) try to diversify mining, refining and processing of key critical minerals otherwise, we may have unintended consequences of supply disruptions," IEA executive director Fatih Birol said after a meeting with commerce & industry minister Piyush Goyal. China is the most important miner and processor of critical minerals such as lithium and the trade war has raised fears of supply disruptions and price increase as the US mounts pressure on Beijing. Asked about the transition to electric vehicles and the need to offer incentives, he said: "Countries, especially those which import oil, should consider incentives for electric cars to reduce imports... depending on the countries, the financial balances in some countries can be more generous. In some countries less generous, but there is a need, at least for the time being, to support the consumers in terms of buying their first electric cars. India should look at the electrification of mobility very closely, because currently we have low oil prices... If India wants to have an upper hand in terms of domestic oil trajectories, electric cars are one of the key solutions." He also said the economics supports EVs. "In many countries, electric cars and commercial cars have the same prices. "Plus, in most countries around the world, if not all, driving one kilometer of a car is cheaper with electricity than the oil prices, unless oil prices go below $50 (a barrel). Sooner or later, electric cars will be dominating the streets." Birol was all praise for India's green energy transition as well as initiatives such as Ujjwala and LED bulbs. "In India, there was $1 investment in clean energy, there was $1 investment in fossil fuel. Today, for every $1 going to fossil fuels there is $4 for clean energy. India is a huge, huge, huge success story... This is good for India's economy, good for India's energy security and good for the world."