Indian Economy News

March 19, 2025

India's solar cell and module imports decline by 20% and 57% in first eight months of FY25: Report

India’s solar cell and module imports declined by 20% and 57%, respectively, in 2024-25, driven by the Production-Linked Incentive (PLI) scheme and domestic manufacturing expansion, strengthening self-reliance.

India's real estate continues to boom in the Asia Pacific (APAC) region as investments surge 88% in H2 FY24

India’s real estate investments surged 88% YoY to US$ 3 billion in H2 FY24, led by office, industrial, and logistics sectors, with strong foreign inflows.

India’s motorcycle parts exports surge, imports decline as domestic industry grows stronger due to PLI scheme

India’s motorcycle parts exports grew 27.09% in three years, driven by the Production-Linked Incentive scheme, reaching US$ 709.22 million in April-January of FY25 from US$ 558.05 million in FY22.

Indore to set up India’s First Public-Private Partnership (PPP) green waste processing plant

Indore will launch India’s first green waste processing plant under the Public-Private Partnership model, converting waste into eco-friendly products and supporting clean energy and sustainability.

Vigyan Dhara: A Catalyst for India’s scientific progress

India boosts Vigyan Dhara funding to US$ 164.63 million for FY26, advancing scientific research, innovation, and global leadership in technology under Viksit Bharat 2047. 

India may feature among the top five markets for Mercedes-Maybach soon

Mercedes-Benz India achieved its best-ever sales in 2024, growing 12.4% YoY to 19,565 units, with Maybach sales rising 145%, positioning India to enter the top five global markets for Mercedes-Maybach.

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