MANUFACTURING GROWTH INDIA

EXIM Bank pegs overall merchandise exports to grow 3 pc to USD 113.7 bn in Apr-Jun
Export Import Bank of India projects a 3.3% rise in India's merchandise exports, reaching USD 113.7 billion in the June quarter, with non-oil exports expected to surge by 10.9%. This positive outlook hinges on manufacturing revival, trade negotiations, and accommodative policies, though global uncertainties pose risks. The bank's export leading index forecasts continued export growth into the second quarter.

Arvind Ltd Q4 Results: Profit rises 29% YoY to Rs 93 crore
Arvind Ltd reported a 29.5% YoY rise in Q4FY25 net profit at Rs 93 crore, aided by higher textile volumes. FY25 profit fell 21.2% despite 7.5% revenue growth, as margin pressures emerged due to US tariff absorption and rising costs.

OPEC sees India's oil demand rising 3.4% in 2025, double the pace of China
OPEC projects India's oil demand to surge, outpacing China's growth in 2025 and 2026, driven by a robust economy and government support. While the US remains the top consumer, India's demand will rise significantly, fueled by transportation, manufacturing, and infrastructure projects. Diesel will be the primary driver, with crude imports hitting record highs, led by Russia as the top supplier.

Blue-collar wages grow 5-6% annually as industries focus on skilled talent: Report
Blue-collar wages in India are growing at an annual rate of 5–6%, supported by strong demand and performance-based incentives, according to Deloitte's ‘Blue-Collar Workforce Trends 2025’ report released on Thursday. Hiring intent for such roles increased by 10% in 2025, driven by sectors like manufacturing, automotive, e-commerce, and logistics.

Mid & smallcaps may outpace largecaps on back of India's growth texture: Hari Shyamsunder
Hari Shyamsunder from Franklin Templeton suggests a cautious outlook on IT due to slowing growth and AI uncertainties, while favoring mid and small-caps for long-term Indian economic growth. Despite stretched valuations in manufacturing, defense, and power sectors, stock picking remains crucial. He anticipates a 10-13% compounding return for the broader market over the next three to five years.

New chip on the block: UP will host HCL-Foxconn JV
The Rs 3,706 crore HCL-Foxconn OSAT joint venture, approved by the Cabinet, will set up a semiconductor packaging facility in Jewar, Uttar Pradesh, to produce display driver chips. As India’s sixth semiconductor unit, it boosts localisation in smartphone manufacturing and marks a major milestone under the India Semiconductor Mission.
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New chip on the block: Uttar Pradesh to host HCL-Foxconn JV
India's smartphone manufacturing gets a boost. HCL and Foxconn are partnering for a semiconductor assembly and test unit. The plant will be in Uttar Pradesh. It will produce display driver chips. This move supports India's localization efforts. The unit aims to meet a significant portion of India's display driver demand. Production is expected to start in 2027.
India’s blue-collar crunch: Skills shortage deepens as attrition and absenteeism rise
India's blue-collar sector grapples with a significant talent shortage, marked by rising attrition and increased demand for skilled labor. Companies are increasingly relying on temporary employees and third-party vendors to manage costs and maintain workforce flexibility. Automation and AI are reshaping blue-collar jobs, leading to increased productivity norms, while wages remain relatively low for a majority of workers.
National Manufacturing Mission: A new blueprint to boost 'Make in India'
The National Manufacturing Mission aims to integrate India into global value chains and boost employment. Success hinges on supporting sector-specific clusters with policy interventions and fiscal support. Addressing cost disadvantages and streamlining regulations, like QCOs, are crucial to attracting anchor players and fostering a competitive manufacturing ecosystem.
HCL-Foxconn JV gets Cabinet nod; to set up Rs 3,706 crore OSAT unit in UP
Making the announcement, Union minister for electronics and information technology Ashwini Vaishnaw, said the plant will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other devices. Production will start in 2027, and the unit is designed for 20,000 wafers per month for wafer-level packaging and 36 million chips per month.
Cabinet clears Rs 3,706 cr HCL-Foxconn semiconductor plant in UP's Jewar
The Union Cabinet on Wednesday cleared the country’s sixth semiconductor unit—a ?3,706 crore joint venture between HCL and Foxconn—to be set up in Jewar, Uttar Pradesh. The facility will produce display driver chips for devices such as smartphones, laptops, PCs, and vehicles.
India's defence exports saw 34-fold jump over the past decade: Rajnath Singh
India's defence exports have surged dramatically, increasing 34-fold in the last decade, reaching Rs 23,622 crore in 2024-25. This growth, fueled by the 'Atmanirbhar Bharat' initiative, aims for Rs 50,000 crore in annual exports by 2029. Increased defence production and government investments have boosted investor confidence, with the Nifty India Defence index climbing over 30% in three months.
India needs revitalization to maintain long term growth of over 6%: Report
A recent report suggests that the Indian economy needs a strong domestic focus for long-term growth. The pandemic significantly impacted the services sector. Weak consumption and slow wage growth threaten recovery. The IT sector played a key role. Agriculture requires reforms. Manufacturing showed strong growth in the past. Construction experienced volatility. Diversification is essential for a resilient economy.
Sterling Tools to manufacture, market rare earth magnet-free traction motors for electric vehicles
Sterling Tools, via its subsidiary SGEM, is entering the electric vehicle traction motor market, manufacturing rare earth magnet-free motors through a technology licensing agreement with AEM Ltd. This move aims to reduce reliance on China and bolster India's EV supply chain.
India's wholesale inflation rate hits one-year low of 0.85% in April; a quick look at kitchen prices
India's wholesale inflation dropped to 0.85% in April. Government data indicates price increases in food products and electricity. Primary articles inflation contracted. Fuel and power inflation also saw a contraction. Retail inflation fell to a 69-month low. Reserve Bank of India expects inflation to moderate. The Economic Survey cautioned about global uncertainties affecting economic stability.
India-UK FTA augurs well for JLR, future cars expected to benefit: Tata Motors Group CFO
Tata Motors Group CFO, PB Balaji, anticipates the India-UK free trade agreement will boost JLR's India performance, enabling faster access to global cars at competitive prices. While welcoming reduced US tariffs on UK auto exports, Balaji awaits further details to assess the full impact. He acknowledged US tariffs impact on Land Rover Defender and hopes for an EU-US trade deal.
JSW One Platforms raises Rs 340 cr from Principal Asset Management, others
JSW One Platforms, the B2B e-commerce division of the JSW Group, on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp.
Accelerating towards tomorrow: India’s electric vehicle revolution
Government initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiveness. PM E Drive underscores India's policy dedication to innovation and sustainability in the EV sector.
Metals Sector: A Promising Upsurge Amid Global Trade Thaw
The metals sector is witnessing a positive shift, driven by improved global demand and easing supply chain issues. Companies like Gravita India and National Aluminium Co are positioned for significant upside potential, making them attractive investment opportunities.
Stocks to buy today: Affle continues to be Elara’s top pick in the internet space; Motilal initiates coverage on Jindal Stainless
Brokerage firms are bullish on Jindal Stainless due to expansion plans and projected revenue and profit growth. Navin Fluorine's Pharma CDMO segment revival drives optimism, forecasting significant earnings increases. Affle India is favoured for its Developed Markets recovery and opportunities in Connected TV, with analysts raising target prices based on strong growth prospects.
ETMarkets Smart Talk: From comfort zone to opportunity zone - why large caps may lag behind, says Madanagopal Ramu
India is in a sweet spot in post Tariff war 2.0 world. US has started its China derisking policy during Mr. Trump’s first term through Tariff war 1.0 and in second term its de risking strategy is getting bigger.
Want to bet on defence? Harshit Kapadia on 3 ways to do it
Elara Securities India's VP, Harshit Kapadia, suggests a three-pronged investment approach to the defence sector, encompassing PSUs, shipbuilding, and private companies. While PSUs currently dominate order flow, private firms are expected to grow significantly due to increased indigenization. Kapadia also highlights the export potential of Indian defence products, projecting substantial growth in the coming years.
US-China truce unlikely to trip phone companies' Make-in-India play
The US-China tariff pause is unlikely to hinder India's mobile phone production growth, as a 20% tariff advantage remains, though only until July 9. Geopolitical factors still favor India as a supply chain alternative. While the industry is optimistic about a bilateral trade agreement with the US, executives caution against complacency given the fluid global situation.
Defence stocks: There are many sides to a story. 10 defence stocks with upside potential of up to 48%
Sometimes, it is an incident which proves that a policy that was being followed for some time was indeed correct. But, then, there may be more to the story. In investing for the long term, there will come phases where stocks will underperform, like all the defence stocks did between July 2024 and February 2025. Then will come a phase where they will gain very sharply, as they did from early April till last week. Now the question is: Should you buy, sell, or hold defence stocks? The answer is somewhat complicated.
India's manufacturing and services PMI is highest among developed and emerging markets: J P Morgan
India is leading the world in manufacturing and services. J.P. Morgan's report shows India's PMI is the highest. Manufacturing PMI is at 58.2 and services PMI is at 58.7. China's PMI is lower than India's. The U.S. and Eurozone show mixed economic signals. India's strong domestic demand drives its growth. This reflects business optimism and economic momentum.
Small FMCG cos pack a big punch, outpace majors with 11.9% volume growth in March quarter
Consumer goods sales experienced double-digit growth in the March quarter, driven by price increases and smaller manufacturers, though volume sales dipped due to urban slowdown and slower rural growth. Rural markets outpaced urban areas, while smaller manufacturers grew faster than the overall FMCG market. Consumption of food slowed down, impacted by decreased volumes in staple categories.
Comments sought on biosimilars guidelines
India's drug regulator has released draft guidelines for biosimilar drugs, inviting public comments within 30 days. These revised regulations, aligned with international standards, aim to establish stringent quality benchmarks for biosimilar research and manufacturing. The guidelines also emphasize minimizing animal testing, reflecting a commitment to ethical practices in drug development within the rapidly growing biosimilars market.
Cranking it up: Factory activity hits a 10-month high in April
India's manufacturing sector experienced significant growth in April. The HSBC Purchasing Managers Index reached 58.8. Output and sales saw a boost. International orders hit a 14-year high. The US tariff announcement had a limited impact. Cost pressures intensified, leading to higher output prices. Manufacturers expanded their workforce to meet the rising demand.
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