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IT exports climb 12.5% to $224 billion in FY25: MeitY - The Economic Times

Economic Times

Economic Times · 1d ago

IT exports climb 12.5% to $224 billion in FY25: MeitY - The Economic Times

India's IT exports grew by 12.48% to $224.4 billion in fiscal year 2024-25, a significant increase from the previous year's 2.83%. This growth was driven by the government's Software Technology Park of India (STPI) scheme, which expanded beyond major cities, fostering startups and creating jobs in non-metro areas. The scheme supports numerous businesses, contributing significantly to export figures and employment across various smaller cities in India.

Related News

India-UAE Trade at $100 bn since signing CEPA

Economic Times

Economic Times · 17d ago

India-UAE Trade at $100 bn since signing CEPA

Since the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in February 2022, bilateral trade between the two nations has surged to $100.06 billion in FY25, up from $72.87 billion in FY22. India's merchandise exports to the UAE increased from $28.04 billion in 2021-22 to $36.63 billion in 2024-25, marking a 7% growth.

MeitY wants tariff shield for electronics exports - The Economic Times

Economic Times

Economic Times · 10d ago

MeitY wants tariff shield for electronics exports - The Economic Times

India is seeking a tariff shield for its electronics exports, primarily reliant on the US market, to avoid being grouped with major exporters like China. The Ministry of Electronics and Information Technology (MeitY) has urged the Commerce Department to advocate for more favorable tariffs amid ongoing US-India trade discussions. India aims to enhance its burgeoning electronics sector under government support, overcoming potential tariff barriers that may arise from US trade policies targeting exports from Asia.

Economy to grow slower unless more women join workforce: MeitY secretary - The Economic Times

Economic Times

Economic Times · 15d ago

Economy to grow slower unless more women join workforce: MeitY secretary - The Economic Times

S Krishnan, MeitY secretary, emphasized that India's economic growth will remain suboptimal unless more women join the workforce. At an event by Quess Corp and Udaiti Foundation, he highlighted the need for higher female participation, especially in states with aging populations like Tamil Nadu, to balance job demand and availability. Women comprise a significant portion of the workforce in large factories and sectors like IT. Efforts are being made to improve conditions and participation rates.

New PLI Scheme For Component Makers To Replace SPECS

Inshorts · 1y ago

New PLI Scheme For Component Makers To Replace SPECS

MeitY will unveil a new PLI scheme for electronic component manufacturing after elections, as the current SPECS scheme expired on March 31 This scheme will offer incentives based on incremental production and sales targets, with focus on increasing domestic value addition as electronics exports rise. India aims to become an electronics manufacturing hub with $300 billion in production by 2026.

Agritech DeHaat’s FY25 revenue up 11% to Rs 3,000 crore - The Economic Times

Economic Times

Economic Times · 10d ago

Agritech DeHaat’s FY25 revenue up 11% to Rs 3,000 crore - The Economic Times

Agritech startup DeHaat, backed by Temasek, achieved Rs 3,000 crore revenue in FY25, up 11% from the prior year. It targets an annual revenue run rate of Rs 4,000 crore. The company, founded in 2012, offers diverse services to farmers and exports agri commodities. Aiming for full-year profitability, DeHaat is focused on high-margin private label sales, export growth, and expanding its network. It is also raising fresh capital for growth and exploring mergers and acquisitions.

Taiwan to face economic risk as US mulls semiconductor tariffs under Trump proposal: Think tank - The Economic Times

Economic Times

Economic Times · 6d ago

Taiwan to face economic risk as US mulls semiconductor tariffs under Trump proposal: Think tank - The Economic Times

Taiwan is facing economic challenges as the U.S. considers imposing tariffs on semiconductors, a proposal from former President Donald Trump. These tariffs could significantly impact Taiwan’s economy, as semiconductors are a major component of its exports, particularly to the U.S. The Chung-Hua Institution for Economic Research highlights the heavy reliance of Taiwan's economy on semiconductors. Taiwan is engaging in negotiations to mitigate the potential economic repercussions of such tariffs.

Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

Economic Times

Economic Times · 3m ago

Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

Figma has confidentially filed for a U.S. IPO after a $20 billion acquisition deal with Adobe fell through due to regulatory issues. Previously valued at $12.5 billion, the design platform is anticipated to go public following antitrust challenges in Europe and Britain. Despite current market volatility, Figma remains cash flow positive, offering design and collaboration tools to major companies like Adobe and Google. The IPO market has recently slowed due to economic uncertainties.

Figma’s much-anticipated IPO: All you need to know - The Economic Times

Economic Times

Economic Times · 1m ago

Figma’s much-anticipated IPO: All you need to know - The Economic Times

Figma, a cloud-based design platform, has filed for a significant US IPO after abandoning a $20 billion acquisition by Adobe due to regulatory concerns. Valued at $12.5 billion, Figma plans to list on the NYSE under the ticker "FIG" to support growth and invest in AI. The company, known for its collaborative design tools, reported a revenue increase to $228.2 million in early 2025. The IPO is backed by major banks and aims to utilize proceeds for growth and debt repayment.

'Pact driving up almond and machinery exports from South Australia'

Economic Times

Economic Times · 1m ago

'Pact driving up almond and machinery exports from South Australia'

Since the India-Australia Economic Cooperation and Trade Agreement (ECTA) began on December 29, 2022, South Australia has seen increased exports to India, particularly in almonds, horticultural products, machinery, and citrus fruits. Almond exports rose 124% to AUD 21.5 million, while wine exports grew 23% to AUD 8.6 million. Indian exports to Australia, including rice and vehicles, also surged. Ongoing negotiations for a Comprehensive Economic Cooperation Agreement (CECA) aim to further enhance bilateral trade.

Overseas investors make close to $100 billion from India investments

Economic Times

Economic Times · 1m ago

Overseas investors make close to $100 billion from India investments

Overseas investors repatriated a near-record $97.7 billion from Indian assets in FY25, up from $87.5 billion in FY24, showcasing India's appeal as a global investment hub. These earnings stemmed from dividends, interest, and profits on investments, especially amidst rising FDI inflows and increased interest in Indian debt due to local bonds being added to the JPMorgan index. This boosted India's economic profile, even as it managed to control the investment income deficit.

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