Latest news with #Sahai
Time of India
4 days ago
- Business
- Time of India
India's exports set to cross $1 trillion in FY26 on robust global demand, says FIEO
India's total goods and services exports are projected to surge over 21% year-on-year to touch $1 trillion in the fiscal year 2025-26, according to the Federation of Indian Export Organisations ( FIEO ). In 2024-25, the country's exports stood at $824.9 billion. FIEO President S C Ralhan attributed the projected growth to global buyers looking to diversify their sourcing strategies amid ongoing geopolitical and economic uncertainties. 'The free trade agreements, which India is finalising, would also help in pushing the country's outbound shipments,' he noted. For FY26, merchandise exports are expected to rise by 12% to $525-535 billion, up from $437 billion in FY25. Services exports are projected to grow about 20% year-on-year to $465-475 billion, compared to $387 billion last fiscal, PTI reported. Ralhan said that all major sectors are likely to witness robust growth, including electronics, engineering, chemicals, textiles and clothing, pharmaceuticals, and agriculture. Petroleum and gems and jewellery exports are also expected to rebound into positive territory. Export estimates for 2025-26 include $60 billion from electronics and electricals, $40 billion from machinery, $40 billion from chemicals, $30 billion from pharmaceuticals, $70 billion from petroleum products, $23–25 billion from apparel and made-ups, $30–35 billion from gems and jewellery, and $55 billion from agriculture. A key growth driver for the electronics segment will be the Production Linked Incentive (PLI) scheme. Ralhan also pointed to rising trade diversification as a catalyst, especially with U.S. buyers increasingly looking beyond China. As evidence of the shift, Apple supplier Foxconn invested $1.48 billion (around Rs 12,800 crore) in its India unit during May 14–19, according to regulatory filings. 'It is not just Apple—many other companies are also looking at India. Trade diversion from China will bring at least an additional $5 billion worth of opportunity,' said Ajay Sahai, Director General and CEO of FIEO. India's ongoing negotiations for free trade agreements with the UK, the European Free Trade Association (EFTA), and the European Union (EU) are expected to further support export growth. Additionally, an interim trade deal with the U.S., which may exempt India from reciprocal tariffs, could give Indian exporters a competitive edge, Sahai said. In FY25, the gems and jewellery sector saw exports of $29.8 billion, but the sector has experienced a decline over the past two years due to weakening demand and challenges in sourcing natural diamonds. While the outlook remains strong, Sahai cautioned about emerging headwinds, particularly from non-tariff and technical barriers. A major upcoming challenge is the EU's implementation of the Digital Product Passport (DPP) from January 1, 2026. Initially covering electronics, batteries, textiles, and construction materials, the regulation is set for broader rollout by 2030. The DPP will require detailed digital documentation of a product's life cycle—from raw material sourcing to recycling and disposal—which could significantly increase compliance costs, especially for Micro, Small, and Medium Enterprises (MSMEs). 'These are clearly protectionist measures,' Sahai said, warning that failure to comply could lead to shipment rejections or competitiveness loss in the EU market, which is increasingly focused on sustainability. The DPP follows a series of EU regulations including the Carbon Border Adjustment Mechanism, anti-deforestation rules, and the Eco Design Sustainable Product Regulation, all coming into effect from January 1, 2026. On a positive note, Sahai mentioned that geopolitical disruptions in key trade routes like the Red Sea have subsided, with shipping operations gradually resuming despite recent conflicts in the Russia-Ukraine and Israel-Hamas regions.
Indian Express
4 days ago
- Business
- Indian Express
India's exports may touch $1 trillion in FY26, headwinds remain: FIEO
India's overall goods and services exports are expected to grow by over 21 per cent year-on-year to $1 trillion during FY26 from $825 billion in the last fiscal, largely due to a jump in exports to the US, Federation of Indian Export Organisations (FIEO) President S C Ralhan said on Tuesday. Ralhan said the healthy growth may result from international buyers seeking to diversify their sourcing amid global economic uncertainties, aided by free trade agreements that India is finalising. However, he added that despite the healthy outlook, some headwinds are expected from technical and non-tariff barriers. The latest challenge facing the industry is the implementation of the Digital Product Passport (DPP), which will be introduced by the EU from 1 January 2026. It will be mandatory for a wide range of products, starting with sectors like electronics, batteries, textiles, and construction materials, with wider rollouts expected by 2030. DPP aims to digitally record, store, and share information about a product's entire life cycle—from raw materials to manufacturing, usage, recycling, and disposal. In FY26, merchandise exports are expected to grow 12 per cent to $525–535 billion from $437 billion in 2024–25, while services exports are likely to rise by about 20 per cent year-on-year to $465–475 billion from $387 billion in the last fiscal, Ralhan said. All the major sectors are expected to show a significant jump in shipments this fiscal, he said, adding that healthy growth is expected in electronics, engineering, chemicals, textiles and clothing, pharmaceuticals, and even agriculture. Petroleum and gems and jewellery exports will also be in the positive zone in the coming year. DPP may increase the compliance burden, particularly for exporters from the Micro, Small and Medium Enterprises (MSMEs) sector. 'These are clearly protectionist measures,' Sahai said. Non-compliance with DPP requirements may lead to rejection of consignments or loss of competitiveness in the EU market, which is becoming increasingly sustainability-focused, Sahai said. This DPP follows the EU's carbon tax, deforestation regulations, and the Eco Design Sustainable Product Regulation—all of which will come into force from 1 January 2026. He also said that issues pertaining to the Red Sea and the wars between Russia–Ukraine and Israel–Hamas have eased, and in fact, ships have started moving through the Red Sea. Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More
Time of India
4 days ago
- Business
- Time of India
India's exports set to cross $1 trillion in FY26 on robust global demand, says FIEO
India's total goods and services exports are projected to surge over 21% year-on-year to touch $1 trillion in the fiscal year 2025-26, according to the Federation of Indian Export Organisations (FIEO). In 2024-25, the country's exports stood at $824.9 billion. FIEO President S C Ralhan attributed the projected growth to global buyers looking to diversify their sourcing strategies amid ongoing geopolitical and economic uncertainties. 'The free trade agreements, which India is finalising, would also help in pushing the country's outbound shipments,' he noted. For FY26, merchandise exports are expected to rise by 12% to $525-535 billion, up from $437 billion in FY25. Services exports are projected to grow about 20% year-on-year to $465-475 billion, compared to $387 billion last fiscal, PTI reported. R by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Добро пожаловать в Аравию SAUDI Забронировать Undo alhan said that all major sectors are likely to witness robust growth, including electronics, engineering, chemicals, textiles and clothing, pharmaceuticals, and agriculture. Petroleum and gems and jewellery exports are also expected to rebound into positive territory. Export estimates for 2025-26 include $60 billion from electronics and electricals, $40 billion from machinery, $40 billion from chemicals, $30 billion from pharmaceuticals, $70 billion from petroleum products, $23–25 billion from apparel and made-ups, $30–35 billion from gems and jewellery, and $55 billion from agriculture. A key growth driver for the electronics segment will be the Production Linked Incentive (PLI) scheme. Ralhan also pointed to rising trade diversification as a catalyst, especially with U.S. buyers increasingly looking beyond China. As evidence of the shift, Apple supplier Foxconn invested $1.48 billion (around Rs 12,800 crore) in its India unit during May 14–19, according to regulatory filings. 'It is not just Apple—many other companies are also looking at India. Trade diversion from China will bring at least an additional $5 billion worth of opportunity,' said Ajay Sahai, Director General and CEO of FIEO. India's ongoing negotiations for free trade agreements with the UK, the European Free Trade Association (EFTA), and the European Union (EU) are expected to further support export growth. Additionally, an interim trade deal with the U.S., which may exempt India from reciprocal tariffs, could give Indian exporters a competitive edge, Sahai said. In FY25, the gems and jewellery sector saw exports of $29.8 billion, but the sector has experienced a decline over the past two years due to weakening demand and challenges in sourcing natural diamonds. While the outlook remains strong, Sahai cautioned about emerging headwinds, particularly from non-tariff and technical barriers. A major upcoming challenge is the EU's implementation of the Digital Product Passport (DPP) from January 1, 2026. Initially covering electronics, batteries, textiles, and construction materials, the regulation is set for broader rollout by 2030. The DPP will require detailed digital documentation of a product's life cycle—from raw material sourcing to recycling and disposal—which could significantly increase compliance costs, especially for Micro, Small, and Medium Enterprises (MSMEs). 'These are clearly protectionist measures,' Sahai said, warning that failure to comply could lead to shipment rejections or competitiveness loss in the EU market, which is increasingly focused on sustainability. The DPP follows a series of EU regulations including the Carbon Border Adjustment Mechanism, anti-deforestation rules, and the Eco Design Sustainable Product Regulation, all coming into effect from January 1, 2026. On a positive note, Sahai mentioned that geopolitical disruptions in key trade routes like the Red Sea have subsided, with shipping operations gradually resuming despite recent conflicts in the Russia-Ukraine and Israel-Hamas regions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
05-05-2025
- Business
- Hindustan Times
UPSRTC conductor crunch stalls 2,600 buses
Nearly 20% of the Uttar Pradesh State Road Transport Corporation (UPSRTC) buses—around 2,600 out of 13,000—are currently off the roads due to a shortage of conductors, according to UPSRTC spokesperson Amarnath Sahai. The corporation is now working on multiple fronts to fill the gap and support an upcoming fleet expansion. To address the shortfall, UPSRTC has reopened its 'Mritak Ashrit Scheme' after a nine-year pause. Under this scheme, 1,145 dependents of deceased employees will be appointed as conductors and 20 as drivers. Separately, a special recruitment drive targeting women received 6,150 applications against a target of 5,000 conductor positions across the state. Sahai said, 'Applications from the women's recruitment drive are being reviewed, and the final number of hires will be shared shortly.' Of the 16,298 conductors currently employed by the corporation, 3,918 are on third-party contracts. UPSRTC plans to bring in an additional 4,000 contract-based conductors soon to alleviate the staffing crunch, according to Sahai. The shortage comes at a time when the corporation is preparing to add 3,000 more buses to its fleet. 'The corporation needs to be prepared with the manpower to support the fleet expansion when it happens, as the UPSRTC is in the process of bringing 3,000 buses into the fleet—currently we do not have enough conductors even for the existing fleet,' Sahai stated. In total, UPSRTC is aiming to integrate close to 10,000 contractual conductors through a mix of in-house schemes and third-party agency support. The corporation presently employs 15,984 drivers across its operations.
Forbes
02-05-2025
- Business
- Forbes
This Founder Wants To Help Alzheimer's Patients Restore Memory. Plus: Stop Spinning Your Wheels
This is this week's ForbesWomen newsletter, which every Thursday brings news about the world's top female entrepreneurs, leaders and investors straight to your inbox. Click here to get on the newsletter list! When was the last time you really embraced imperfection? This newsletter talks pretty regularly about how perfectionism can be bad for our wellbeing and even our workplace culture, but it can feel far easier to read and write about the power of imperfection and failure than it can be to actually live it. I was reminded of this during an event for Ms. President US Wednesday night. The organization is one that prepares young girls (fourth through eighth grade) for civic leadership, and the New York City Ms. President chapter leader and founder, high school junior Sofia Sahai, had invited me to interview entrepreneur Reshma Saujani about her career and the ways she's taken action even after significant career setbacks. In recounting the political losses that preceded her founding of Girls Who Code, Moms First, and PaidLeave AI, Saujani talked about how publicly losing two Congressional races liberated her to fight even harder for women's equality without fear of messing up or looking stupid. For Sahai—and I think for a lot of us, which is why I'm writing about it here—it's an important reminder that a setback isn't necessarily the end of a story. In many cases, it's the beginning. 'I think a lot of times, with girls, once a girl faces rejection—I'm speaking from personal experience—it's really hard to keep going, because you feel like one shutdown can be the end of the world,' Sahai told afterwards. 'But really, a no is just opening so many doors to other yeses.' Cheers to that! Maggie P.S.: Last week, we reported on President Trump's comment that a $5,000 'baby bonus' to encourage more people to have children could be a 'good idea.' Today for a Know Your Value segment on 'Morning Joe,' Mika Brzezinski, Huma Abedin and I analyzed whether such a policy is actually smart—and I also gave an update about 50 Over 50 nominations. Tune in here to see our discussion! Stella Sarraf founded drug discovery company Spinogenix in 2016 with a goal of finding a better way to treat neurodegenerative disorders—particularly Alzheimer's Disease. Her approach looks at the brain's synapses, which are the structures that allow our neurons to, effectively, talk to each other. 'We have a small molecule drug in clinical development working at restoring those synapses, those connections that can stop working,' Sarraf told ForbesWomen editor Maggie McGrath in a recent interview. 'When you restore those connections, you can regain function. So our hope is that we can restore memory.' Pakistani Nobel Peace Prize laureate Malala Yousafzai. (Photo by BENJAMIN CREMEL/AFP via Getty ... More Images) Since 2013, the Malala Fund has distributed $65 million through more than 400 grants across 27 countries. Now, as gender equality and girls' rights backslide around the world, the fund has announced that it is accelerating its impact and committing to distribute another $50 million over the next five years. For the third year in a row, Forbes scoured the country to determine the richest person in every state across the country. In Wisconsin, ABC Supply cofounder Diane Hendricks (net worth: $21.9 billion) is one of 10 women who are the richest residents of their respective states, up from nine last year. Last year, women's health startup Midi Health became one of the fastest-growing companies in its space by reaching some $100 million in funding, earning a spot on Forbes' Next Billion Dollar Startup list. ForbesWomen editor Maggie McGrath recently caught up with Midi cofounder and CEO, Joanna Strober, to hear about why she's hiring 'an army of nurse practitioners' and how she plans to increase Midi's reach. We're not monkeying around with this one: Two new studies, one focused on bonobos, the other on professional women, underscore that female alliances can be game-changers. In the wild, researchers found that female bonobos form coalitions to suppress male aggression and maintain social power. Women in the workplace are doing something remarkably similar: By building supportive networks, they're pushing back against gender discrimination. The lesson from both studies is that when females back each other, they gain power. 1. Move beyond a period of stagnation. Working nonstop but feeling like you're going nowhere? In order to stop spinning your wheels, it might be time to reevaluate your priorities—and put deeper, more creative work on your to-do list. 2. Figure out when you're being gaslit. Gaslighting is a form of emotional and psychological manipulation, and it can occur in personal, professional, political, and medical situations. Not sure whether you're being gaslit by someone? Here are seven warning signs to consider. 3. Understand your employees' empathy expectations. A recent Deloitte study finds that Gen Z workers consider empathy one of the top two most important qualities in a boss. But what does this mean practically? Here's everything you need to know. In the latest online discourse about men and animals, social media users this week began debating which side would 'win' in a fight between 100 men and one gorilla. The last time a similar debate arose, women debated whether it's safer to encounter a man in the wild or a… A. Snake B. Lion C. Bear D. Tarantula Check your answer.
