Latest news with #BusinessClimateSurvey2025-26
Economic Times
3 days ago
- Business
- Economic Times
Swedish firms upbeat on India's investment climate: Survey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A large number of the companies surveyed by the Swedish Chamber of Commerce India are expecting their turnover to increase over the next year, especially those involved in sectors such as construction, aerospace, defence, IT and and Industry Minister Piyush Goyal on Sunday said that the Business Climate Survey 2025-26 by the Swedish Chamber of Commerce India, has given a thumbs up to the favourable business environment in the country."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 said in a post on XOver the last decade, the government has 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, Goyal said."A large number of the companies surveyed are expecting their turnover to increase over the next year, especially those involved in construction and building, aerospace and defence, IT and electronics, and business services," he said adding 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 also said that 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," the minister will be visiting Sweden in the second week of this in goods between the two countries has increased from USD 2.86 billion (2016) to USD 6.96 billion (2024).The number of Swedish companies with business presence in India has increased to 280 in the last 7-8 business presence in India dates back more than a hundred years (Ericsson, Swedish Match Co., SKF, ABB ) and has concentrated especially in Pune since 1960s.
Time of India
3 days ago
- Business
- Time of India
Swedish firms upbeat on India's investment climate: Survey
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A large number of the companies surveyed by the Swedish Chamber of Commerce India are expecting their turnover to increase over the next year, especially those involved in sectors such as construction, aerospace, defence, IT and and Industry Minister Piyush Goyal on Sunday said that the Business Climate Survey 2025-26 by the Swedish Chamber of Commerce India, has given a thumbs up to the favourable business environment in the country."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 said in a post on XOver the last decade, the government has 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, Goyal said."A large number of the companies surveyed are expecting their turnover to increase over the next year, especially those involved in construction and building, aerospace and defence, IT and electronics, and business services," he said adding 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 also said that 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," the minister will be visiting Sweden in the second week of this in goods between the two countries has increased from USD 2.86 billion (2016) to USD 6.96 billion (2024).The number of Swedish companies with business presence in India has increased to 280 in the last 7-8 business presence in India dates back more than a hundred years (Ericsson, Swedish Match Co., SKF, ABB ) and has concentrated especially in Pune since 1960s.
India Gazette
3 days ago
- Business
- India Gazette
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)
Mint
3 days ago
- Business
- Mint
A decade of reforms makes India a trusted global growth partner: Minister Goyal
New Delhi: A decade of reforms under prime minister Narendra Modi has cemented India's position as a trusted global growth partner, commerce and industry minister Piyush Goyal said on Sunday, citing the Swedish Chamber of Commerce India's Business Climate Survey 2025-26. In a post on social media platform X, Goyal noted that rising confidence in India's business climate is evident, with most surveyed companies planning to scale up investments in the coming year. "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," he said. Swedish Chamber of Commerce India is an independent, non-profit organisation, and works to promote Swedish companies in the country. Goyal added that India has become increasingly central to global sourcing strategies in recent years, driven by cost efficiency, with the survey reaffirming confidence in India's growth story and its emergence as a key hub in global value chains. To be sure, India's manufacturing output grew at 4.5% to ₹ 29.54 trillion in FY25, according to the latest data from the Ministry of Statistics and Programme Implementation (MoSPI) released last week. A key highlight of the FY25 data is a slight improvement in exports this year, while a reduction in imports helped reduce the shock on account of negative net exports. Exports grew 6.3% in rupee terms in FY25 from the year-ago period to ₹ 40.68 trillion, while imports contracted by 3.7% annually to ₹ 42.29 trillion. "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," Goyal said. "The report reconfirms the confidence in India's growth story and also their focus on developing India as a hub in global value chains," he added. Interestingly, Goyal's remarks come during his three-day official visit to France, part of a five-day tour of France and Italy from 1 June to 5 June, aimed at deepening India's strategic and economic ties with key European partners. India is actively pursuing a trade agreement with the European Union (EU), aiming to bolster its global economic standing. India and the EU aim to finalize their free trade agreement by the end of 2025, focusing on market access, digital trade, and innovation. The EU, India's largest trading partner, accounted for €124 billion in goods and €60 billion in services trade in 2023, with the deal expected to strengthen this partnership further. The India-UK Free Trade Agreement, finalized on 6 May, marks a key milestone, cutting tariffs on 90% of British imports to India and granting zero duties on 99% of Indian exports to the UK. It is set to boost bilateral trade by £25.5 billion annually by 2040 and add £4.8 billion to the UK economy each year.
