#INDIA GDP GROWTH 2022

[theculturedmarxist]

The contradictions of China-bashing in the United States begin with how often it is flat-out untrue.

The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February did not in fact transmit pictures or anything else to China.

White House economists have been trying to excuse persistent US inflation saying it is a global problem and inflation is worse elsewhere in the world. China’s inflation rate is 0.7% year on year.

Financial media outlets stress how China’s GDP growth rate is lower than it used to be. China now estimates that its 2023 GDP growth will be 5-5.5%. Estimates for the US GDP growth rate in 2023, meanwhile, vacillate around 1-2%.

China-bashing has intensified into denial and self-delusion – it is akin to pretending that the United States did not lose wars in Vietnam, Afghanistan, Iraq and more.

The BRICS coalition (China and its allies) now has a significantly larger global economic footprint (higher total GDP) than the Group of Seven (the United States and its allies).

China is outgrowing the rest of the world in research and development expenditures.

The American empire (like its foundation, American capitalism) is not the dominating global force it once was right after World War II. The empire and the economy have shrunk in size, power and influence considerably since then. And they continue to do so.

Putting that genie back into the bottle is a battle against history that the United States is not likely to win.

The Russia delusion

Denial and self-delusion about the changing world economy have led to major strategic mistakes. US leaders predicted before and shortly after February 2022, when the Ukraine war began, for example, that Russia’s economy would crash from the effects of the “greatest of all sanctions,” led by the United States. Some US leaders still believe that the crash will take place (publicly, if not privately) despite there being no such indication.

Such predictions badly miscalculated the economic strength and potential of Russia’s allies in the BRICS. Led by China and India, the BRICS nations responded to Russia’s need for buyers of its oil and gas.

The United States made its European allies cut off purchasing Russian oil and gas as part of the sanctions war against the Kremlin over Ukraine. However, US pressure tactics used on China, India, and many other nations (inside and outside BRICS) likewise to stop buying Russian exports failed. They not only purchased oil and gas from Russia but then also re-exported some of it to European nations.

World power configurations had followed the changes in the world economy at the expense of the US position.

The military delusion

War games with allies, threats from US officials, and US warships off China’s coast may delude some to imagine that these moves intimidate China. The reality is that the military disparity between China and the United States is smaller now than it has ever been in modern China’s history.

China’s military alliances are the strongest they have ever been. Intimidation that did not work from the time of the Korean War and since then will certainly not be effective now.

Former president Donald Trump’s tariff and trade wars were meang, US officials said, to persuade China to change its “authoritarian” economic system. If so, that aim was not achieved. The United States simply lacks the power to force the matter.

American polls suggest that media outlets have been successful in a) portraying China’s advances economically and technologically as a threat, and b) using that threat to lobby against regulations of US high-tech industries.

The tech delusion

Of course, business opposition to government regulation predates China’s emergence. However, encouraging hostility toward China provides convenient additional cover for all sorts of business interests.

China’s technological challenge flows from and depends on a massive educational effort based on training far more STEM (science, technology, engineering and mathematics) students than the United States does. Yet US business does not support paying taxes to fund education equivalently.

The reporting by the media on this issue rarely covers that obvious contradiction and politicians mostly avoid it as dangerous to their electoral prospects.

Scapegoating China joins with scapegoating immigrants, BIPOCs (black and Indigenous people of color), and many of the other usual targets.

The broader decline of the US empire and capitalist economic system confronts the nation with the stark question: Whose standard of living will bear the burden of the impact of this decline? The answer to that question has been crystal clear: The US government will pursue austerity policies (cut vital public services) and will allow price inflation and then rising interest rates that reduce living standards and jobs.

Coming on top of 2020’s combined economic crash and Covid-19 pandemic, the middle- and-lower-income majority have so far borne most of the cost of the United States’ decline. That has been the pattern followed by declining empires throughout human history: Those who control wealth and power are best positioned to offload the costs of decline on to the general population.

The real sufferings of that population cause vulnerability to the political agendas of demagogues. They offer scapegoats to offset popular upset, bitterness and anger.

Leading capitalists and the politicians they own welcome or tolerate scapegoating as a distraction from those leaders’ responsibilities for mass suffering. Demagogic leaders scapegoat old and new targets: immigrants, BIPOCs, women, socialists, liberals, minorities of various kinds, and foreign threats.

The scapegoating usually does little more than hurt its intended victims. Its failure to solve any real problem keeps that problem alive and available for demagogues to exploit at a later stage (at least until scapegoating’s victims resist enough to end it).

The contradictions of scapegoating include the dangerous risk that it overflows its original purposes and causes capitalism more problems than it relieves.

If anti-immigrant agitation actually slows or stops immigration (as has happened recently in the United States), domestic labor shortages may appear or worsen, which may drive up wages, and thereby hurt profits.

If racism similarly leads to disruptive civil disturbances (as has happened recently in France), profits may be depressed.

If China-bashing leads the United States and Beijing to move further against US businesses investing in and trading with China, that could prove very costly to the US economy. That this may happen now is a dangerous consequence of China-bashing.

Working together (briefly)

Because they believed it would be in the US interest, then-president Richard Nixon resumed diplomatic and other relations with Beijing during his 1972 trip to the country. Chinese chairman Mao Zedong, premier Zhou Enlai, and Nixon started a period of economic growth, trade, investment and prosperity for both China and the United States.

The success of that period prompted China to seek to continue it. That same success prompted the United States in recent years to change its attitude and policies. More accurately, that success prompted US political leaders like Trump and Biden to now perceive China as the enemy whose economic development represents a threat. They demonize the Beijing leadership accordingly.

The majority of US mega-corporations disagree. They profited mightily from their access to the Chinese labor force and the rapidly growing Chinese market since the 1980s. That was a large part of what they meant when they celebrated “neoliberal globalization.” A significant part of the US business community, however, wants continued access to China.

The fight inside the United States now pits major parts of the US business community against Biden and his equally “neoconservative” foreign-policy advisers. The outcome of that fight depends on domestic economic conditions, the presidential election campaign, and the political fallout of the Ukraine war as well the ongoing twists and turns of the China-US relations.

The outcome also depends on how the masses of Chinese and US people understand and intervene in relations between these two countries. Will they see through the contradictions of China-bashing to prevent war, seek mutual accommodation, and thereby rebuild a new version of the joint prosperity that existed before Trump and Biden?

This article was produced by Economy for All, a project of the Independent Media Institute, which provided it to Asia Times.

[etiennekissborlase]

Current Economic Crises in 2023

In its annual Global Economic Outlook report released on Tuesday, the World Bank, a U.S.-based agency that offers loans and grants to different nations pursuing capital projects, said the world economy might experience a recession and one of the slowest growth rates ever in 2023. The reasons include a year marked by increased inflation, deteriorating financial circumstances, and Russia’s invasion of Ukraine.

  The organization reduced its projections for global growth in 2023 by almost half, from 3% to 1.7%. This is the third-weakest growth rate it has ever predicted, below rates seen during the recessions of 2009 and 2020. According to projections, the real GDP of the United States would expand by 0.5% in 2023, compared to no growth for the European Union and 2.7% for emerging markets and developing economies (EMDEs), which exclude China (4.3%) and include nations like India (6.6%) and Russia (-3.3%). In contrast to the World Bank’s predictions, Goldman Sachs forecast a 0.6% increase for the E.U. in a report on Tuesday, saying that inflation has gone beyond the top. The firm also kept its prediction of a severe recession in the U.K.

  According to the groups, growth predictions have been lowered because rising inflation rates have driven surprisingly quick policy changes, deteriorating financial circumstances, continuing economic shockwaves, and an energy crisis brought on by Russia’s unjustified invasion of Ukraine. 

  Global economies saw an incomplete recovery in 2022 due to banks having to undo pandemic-era policy changes. The IMF continues to reduce its prognosis for the worldwide economy in the organization’s biannual report due to growing inflation and interruptions brought on by the conflict in Ukraine. The organization’s statement is a percentage point lower than forecasts made in October by that institution. The problem confronting development is deepening. 

  While the globe is tightening its purse strings, no space should exist for defeatism. Significant reforms could be undertaken now to steer the economy from recession. Proposed ideas include investing in new jobs, improving cross-border trade, and increasing energy access. Federal Reserve Chair Jerome Powell and other reserve officials cited the U.S. job market, which recorded stronger-than-expected data last month, as proof that the U.S. economy can continue to sustain further rate rises. Nonetheless, despite this, after roughly 125,000 people were let go in 2020, layoffs still occur at several influential American organizations.

This post was originally published on Etienne Kiss-Borlase’s Finance blog. For more info about Etienne, please visit his homepage.

[growthofindianeconomy]

Resilience and growth of Indian economy

Welcome to my blog! As an observer and participant in the Indian economy, I have witnessed firsthand the remarkable resilience and growth it has demonstrated over the years. In this blog, I would like to share my personal insights and experiences, shedding light on the factors that have contributed to India's economic development and its potential for future growth.

1. Steadfast Recovery from the COVID-19 Pandemic:

The COVID-19 pandemic sent shockwaves throughout the global economy, and India was no exception. However, the Indian economy has exhibited resilience and shown signs of a robust recovery. After a significant contraction in the first quarter of 2020, the economy rebounded strongly, recording positive growth rates in subsequent quarters.

2. Impressive GDP Growth:

India’s gross domestic product (GDP) growth rate has witnessed a notable rebound. In the fiscal year 2021-2022, India’s GDP expanded by 9.5 percent, showcasing a strong recovery and outperforming most other major economies. This rebound can be attributed to a combination of factors, including government stimulus measures, a revival in consumer demand, and increased industrial production.

3. Focus on Atmanirbhar Bharat (Self-Reliant India):

The government’s Atmanirbhar Bharat initiative, aimed at making India self-reliant and reducing dependency on imports, has played a significant role in shaping the recent performance of the Indian economy. Through policies such as the Production-Linked Incentive (PLI) scheme, the government has incentivized domestic manufacturing, attracting investments and promoting job creation across various sectors.

 4.Challenges and the Way Forward:

While the Indian economy has demonstrated resilience and rebounded from the impact of the pandemic, certain challenges persist. These include addressing unemployment, strengthening the banking sector, addressing inequalities, and investing in infrastructure development. Continued focus on reforms, investments in education and skill development, and fostering innovation will be crucial in sustaining and accelerating India’s economic growth in the long run.

by- Vaibhav Rallan class- XI-D

[dangkimnganha1990]

Cái này MBA FINANCE, tụi BA, MSC đều có học chung, MBA FINANCE thì khi de facto projects tính nhiều khía cạnh hơn! Chính sách của BIDEN về Indo-Pacific Economic Framework for Prosperity (IPEF) thất bại rồi! mấy năm trước phân tích rồi! BIDEN không có khả năng về kinh tế! TRUMP y chang! Nói US là tê liệt rồi! K��o theo EU, giờ nó chỉ muốn bán LNG trên 40% giá thôi!

Indo-Pacific Economic Framework for Prosperity (IPEF)

In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with Australia, Brunei Darussalam, Fiji India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

This framework will advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for our economies. Through this initiative, the IPEF partners aim to contribute to cooperation, stability, prosperity, development, and peace within the region.  This framework will offer tangible benefits that fuel economic activity and investment, promote sustainable and inclusive economic growth, and benefit workers and consumers across the region.  The 14 IPEF partners represent 40 percent of global GDP and 28 percent of global goods and services trade.

The launch began discussions of future negotiations on the following pillars: (1) Trade; (2) Supply Chains; (3) Clean Energy, Decarbonization, and Infrastructure; and (4) Tax and Anti-Corruption.  The IPEF is designed to be flexible, meaning that IPEF partners are not required to join all four pillars.

[gorizont-biz]

India Economic Overview

India's economy is an emerging mixed economy characterized by a large public sector in strategic industries and broad government influence. It ranks fifth in the world in nominal GDP and third in purchasing power parity (PPP), but ranks much lower in per capita income. From 1947 to 1991, India's economic policy was characterized by Soviet-style protectionism, heavy government intervention and regulation, resulting in inefficiency. Liberalization of the economy in 1991 marked the transition to market-oriented growth, although the government retains significant control over key sectors such as railroads, banking, defense, and telecommunications.

Domestic consumption accounts for nearly 70% of India's GDP, making it the fourth largest consumer market in the world. Government spending, investment and exports also contribute to the economy. India is a major player in global trade, ranking as the 10th largest importer and 8th largest exporter in 2022. The economy is dominated by the services sector, which accounts for more than half of GDP, and agriculture and industry employ the majority of the labor force. Despite these strengths, India faces the challenge of high unemployment, income inequality and structural economic problems, resulting in a lack of jobs.

Labor Market

India's labor force, the second largest in the world, suffers from low productivity despite long working hours. In recent years, economic data has been scrutinized for possible manipulation. Social welfare spending, at 8.6% of GDP, remains low compared to the OECD average. Rural areas, home to 65% of the population, contribute half of GDP but are characterized by significant poverty and inequality. In 2021, most Indians lived on less than 10 dollars a day.

The country is actively attracting foreign direct investment (FDI), which reached 82 billion dollars in 2021-22, with the leading sectors being finance, banking and research and development. Free trade agreements with various countries have strengthened economic ties. Challenges of unemployment, declining aggregate demand and income inequality remain, though India remains an important player in global manufacturing and services.

Key industries

The petroleum and chemical sectors play a critical role in India's economy, accounting for more than 34% of export earnings and are major contributors to industrial GDP. India has an extensive network of refineries, including Soviet-era refineries in Barauni and Gujarat, as well as the world's largest refinery complex in Jamnagar, which processes 1.24 million barrels of crude oil daily. The chemical industry, valued at 178 billion dollars, contributes 5% of GDP and is the third largest in Asia. 

India leads the world in the production of agrochemicals, polymers, dyes, and various organic and inorganic chemicals, but remains a net importer to meet domestic demand. Employment in the sector reached 17.33 million in 2016, and forecasts point to significant growth, potentially reaching 400 billion dollars by 2025.

India's fertilizer industry comprises 57 large plants producing a range of nitrogen fertilizers, as well as smaller plants producing other chemical fertilizers. The country is heavily dependent on coal and crude oil, which account for 85% of primary energy consumption. India's proven reserves of crude oil and natural gas, although significant, meet only 25% of domestic demand. Offshore and onshore oil fields including Bombay High and the Krishna-Godavari basin are central to production. Reliance Industries Limited, with its refinery in Jamnagar, represents India's private sector in refining, while public sector giants such as ONGC and IOCL dominate the market.

Electricity production has also shown significant growth, with India ranked as the world's third largest power producer by 2013 and achieving a power surplus by 2015. The energy mix is dominated by thermal power, although renewables such as solar, wind and biofuels are gaining ground. Stagnation in nuclear power has been offset by the India-US nuclear deal and discoveries in the Tummalapalle belt, which promise to expand nuclear capabilities.

India's agrochemical sector has achieved global recognition and has become the second largest exporter of agrochemicals. Exports have doubled in six years with a compound annual growth rate (CAGR) of 13%. Indian agrochemicals are valued for their affordability and quality, making them a trusted choice for millions of farmers around the world. The Crop Care Federation of India has called for measures to increase domestic production and reduce dependence on imports.

Financial Sector

The financial sector remains a pillar of the economy, contributing 809 billion dollars (37% of GDP) in 2016. Post-liberalization banking reforms have diversified the sector and increased efficiency and competition. Despite these achievements, rural banking coverage remains limited, with only a fraction of villages served by conventional banks. In 2006-07, gross domestic savings amounted to an impressive 32.8 percent of GDP, with a significant portion invested in physical assets.

Conclusion

India's economy relies on a diverse range of industries, from a strong petroleum and chemical sector to pioneering efforts in agrochemical exports and energy production. The financial sector complements this industrial growth by fostering innovation and inclusiveness. Together, these sectors contribute to making India a sustainable economic leader on the global stage in the future.

[global-research-report]

Sodium Nitrate Market: Applications, Innovations, and Growth Drivers

The global sodium nitrate market size is expected to reach USD 167.7 million by 2030, and is expected to expand at 5.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Industry growth is majorly driven by the rising usage of sodium nitrate in fertilizers, wherein, it provides the plants with a water-soluble form of nitrogen without altering the pH level of the soil, thus promoting the growth of plants. Additionally, it is used in explosives, food & beverages, pharmaceuticals, chemicals, and others.

The increasing processed variety in the food & beverage industry, due to rising demand for convenience foods has resulted in increased demand for sodium nitrate. It is used as a preservative and color fixative in poultry, ham, sausages, and cured meats thus, controlling lipid oxidation, providing distinctive flavor, and acting as an anti-micro bacterial agent.

Nitric acid manufactured from nitrogen dioxide and ammonia is subject to intense supply and price volatility in the global sodium nitrate industry. The fluctuations in the supply and price of the aforementioned raw materials are expected to affect the prices of sodium nitrate over the forecast period. The spread of the pandemic has crippled economies worldwide and impacted the supply chains across different industries.

The production and consumption of sodium nitrate are highly influenced by its usage in the end-use industries thus, with the shutting down of economies the end-use industries have also come to a halt affecting the demand for the product market. However, food & beverage being an essential industry witnessed growth even during the pandemic resulting in the positive growth of sodium nitrate.

Sodium Nitrate Market Report Highlights

The global market is estimated to advance with a compounded annual growth rate (CAGR) of 5.9% from 2023 to 2030. This is attributed to the increased usage of the product in explosives, fertilizers, chemicals, and the food & beverage industry

It is used majorly in plants such as sugarcane, wheat, corn, and soybean as it provides the crops with essential nitrogen nutrients by supplying them with water-soluble nitrogen without altering the pH of the soil

Central & South America dominated the global market in 2022 with a revenue share of over 32.0% in 2022. This is attributed to a large amount of unexploited agricultural land in the area with large-scale production of soybean, pulses, and sugarcane which require sodium nitrate-based fertilizers for better yield

Agriculture sector accounts for half of the GDP of countries in Central & South America including Argentina, Bolivia Belize, Haiti, Dominica, Paraguay, and Ecuador. As the agriculture sector is a key contributor to the GDP of the countries in the region, it leads to increased consumption of fertilizers

Industrial grade dominated the product segment with a revenue share of over 89.0% in 2022. This growth is attributed to the increasing usage of the product as a complement to ammonium nitrate in explosives, chemicals, glass, and fertilizers

Fertilizer in the application segment dominated the global market with a revenue share of over 69.0% in 2022. This is attributed to the increasing demand for food crops due to the rising population

According to the Indian ministry of finance’s economic survey, the agricultural and allied industries exhibited the most resiliency to COVID-19 as it reported a growth of 3.6% in 2020-21, and 3.9% in 2021-22 in India

The agricultural sector of the U.S. contributed 5.0% of the total country’s GDP due to the rising demand for food in the country, according to the U.S. Department of Agriculture. Thus, this increasing demand for food crops is expected to increase the usage of fertilizers

Sodium Nitrate Market Segmentation

Grand View Research has segmented the global sodium nitrate market based on grade, application, and region:

Sodium Nitrate Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Industrial

Pharmaceutical

Food

Sodium Nitrate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Chemicals

Fertilizers

Explosives

Glass

Pharmaceuticals

Food & Beverages

Others

Sodium Nitrate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Chile

Peru

Middle East & Africa

South Africa

Saudi Arabia

Order a free sample PDF of the Sodium Nitrate Market Intelligence Study, published by Grand View Research.

[sortedviews]

E Saal Economic Dominance Namde?

The growth story of India after the pandemic was proven to be a successful campaign, and the overall story could be seen as the result of patience and robust policies that were taken on time

India’s GDP was 2.67 lakh crore rupees in 2020, which was less 5.8% from 2019 but in 2022, the GDP reached a new high of 3.42 lakh crore rupees, which can be said to be nearly 30% growth from 2020 levels and nearly 21% growth from 2019 levels. The estimates of 2023 are to see a growth of 7.3% in this year by RBI. This growth data has given India the crown of fastest growing economy in past 3 years.

All this data looks amazing but what about this year? what about GDP condition and growth in 2024? Well, let’s do a deep dive in it

IMF has projected an estimate of 6.8% GDP growth of India for 2024, walking on similar growth line, the World Bank predicted the growth of India’s GDP will be 7.5% and the glorious RBI himself has predicted a growth estimate of 7% in the GDP in the year 2024.

There is multiple factor which are pushing the growth of Indian economy to a new high, as discussed below: -

The spur of Investment in manufacturing sector. The quarter 3 (October to December) GDP data by NSO (National Statistical Office) showed that overall economic growth in the 3rd quarter was 8.4% on annual basis and the biggest part in this growth was played by the “private investment” part, which has shown growth of more than 14% on annual basis and touching a new high. The growth of private investment in any GDP indicates that green field manufacturing projects and brown field manufacturing projects are on rise in that economy, thus resulting in growth of jobs.

Introduction of PLI (Production Link Incentive). A PLI scheme is an incentive plan introduced by the government of India, which gives subsidies to companies to manufacture their goods in the country. These schemes are linked to the performance of the organization. This means that the government provides incentives on incremental sales. This could be in the form of tax rebates or reductions of import duties. The total amount under it is 1.97 lakh crore rupees, which has validity from FY22 to FY27.

The government has introduced the scheme for several industries, which include Auto components, automobiles, Aviation, Chemicals, Electronic systems, Food processing, medical devices, Metals & mining, Pharmaceuticals, Renewable energy, Telecom, textiles and apparel, and white goods “The elimination of one race proves to be a boon for others in the race.” This quote fits upon India and China, as China is facing an economic downfall, a Draconian growth policy, and an economic war against developed countries, which takes China on several indicators at historic lows and has forced various western companies to think of alternatives to China and move manufacturing bases out there. India fits on the required frame of western company. A country which has abundance of natural resource, huge population, Stability, is a reform acceptor, is large, and is well connected to world in terms of infrastructure, digital, diplomacy, etc.

The juice of FTA (Free Trade Agreement) From December 29, 2022, to May 1, 2022, the India-Australia and India-UAE FTAs came into effect and showed results in the year 2023. Data shows that FTA with Australia has helped create lakhs of jobs in labor-intensive sectors, as Indian products get 100% duty-free access in the huge Australian market. India is exporting over 700 new items to Australia. These exports amount to $335 million in the first 10 months of FY24, such as smartphones, engineering products, Gems & jewelry, non-silk textiles, Light oil, etc. During its implementation (May 2022 to Mar 2023), bilateral trade grew 14 percent y over year. 90 per cent of India’s exports to UAE now attract zero duty under the FTA, with gems and jewelry, pharmaceuticals, food, energy, etc. being the key beneficiaries. Eyeing bilateral trade of $100 billion in the next five years, CEPA brings cuts in tariff, fast-tracked approvals for business, access to trade zones, etc. As a result, trade between India and the UAE touched historic highs, going from $72.9 billion in FY22 to $84.5 billion in FY23.

The latest FTA is with 4 European countries that are not part of EU (European Union) which are Iceland, Norway, Liechtenstein and Switzerland. Trade with this non-EU bloc touched $25 billion in 2023 Its exports to the non-EU bloc touched $2.8 billion and imports were about $22 billion during that period. India expects that the pact, following deals with the UAE and Australia, will boost exports of pharmaceuticals, garments, chemicals and machinery while attracting investments in automobiles, food processing, railways and the financial sector. The main thing in this agreement is that these countries will collectively make an investment worth 100 billion dollars in India within this 10-year period.

The pulses of PMI index (Purchase manager Index) Propelled by new orders, upturn in inventories and higher job creation, India’s manufacturing activity hit a 16-year high of 59.1 this March 2024, according to a survey by S&P Global. India’s manufacturing PMI improved to 59.1 in March from 56.9 in February, reflecting stronger growth of new orders and renewed job creation. growth of new orders accelerated to the quickest in nearly three-and-a-half years during March 2024. India’s services PMI activity data comes a day after the manufacturing PMI for March, that was recorded at a 16-year high of 59.1. India’s PMI for services rose in March, following a small dip in February, on the back of strong demand that spurred sales and business activity.

The swarm of Reforms.

Telecom Bill: The purpose of the Bill was to update the existing regulatory framework in keeping with modern-day advancements and challenges in the telecom sector

The Digital Personal Data Protection Bill: The government brought in the Digital Personal Data Protection Bill, which requires companies to better protect digital data obtained from individuals.

The National Dental Commission Bill: With this legislation, the government can prescribe fees for 50% of seats in private dental colleges, raising hopes for an affordable dental education.

The Forest (Conservation) Amendment Bill, 2023: The Bill exempts certain types of land from the purview of the Act. These include land within 100 kilometers of the country’s border needed for national security projects, small roadside amenities, and public roads leading to habitation. The objectives of the Bill are to exempt certain categories of lands from the purview of the Act and to fast-track strategic and security-related projects of national importance.

The Multi-State Cooperative Societies Bill: In a bid to curb nepotism in cooperative societies and ensure fair elections, this legislation seeks to establish a ‘Cooperative Election Authority’ to bring electoral reforms in this sector. There are about 8.6 lakh cooperatives in the country

The Cinematograph (Amendment) Bill: The Bill aims to curb film piracy by penalizing offenders with up to three years in prison and 5% of production costs.

Credit rating agencies outlook upon India stays positive after the COVID pandemic, whether it is Fitch, Morgan Stanley, Moody’s, Nomura, or any other top-level rating agency that has shown trust and belief in India’s growth story. High ratings from credit agencies benefit India by lowering borrowing costs, attracting investment, bolstering economic stability, and enhancing confidence in financial markets. This facilitates access to capital for development projects and strengthens overall economic performance.

The handshake with Russian bear availability of cheap Russian cheap Fossil fuels, Natural resources, Raw materials and advancements in service exchange has ensured the supply of low-price material in the Indian economy. India-Russia trade has increased by 2.1 times in January–September 2023 this year, up to almost 50 billion USD. 48.8 billion USD to be precise, and this is expected to grow further and substantially surpass the figures of the last to previous year. The major role in this trade partnership was played by India by importing those resource items which had previously been exported to western countries.

Local currency: Showdown with Dollar. India has made and is eagerly making agreements with multiple countries to use the local currency instead of the US dollar for trade settlements. Benefits: India will be less dependent on the US dollar; increased demand for the rupee; more stability in price fluctuations; diversification of the foreign currency reserve, development of strategic partnerships; avoidance of sanctions; development of soft power; and other multiple benefits.

The countries with whom the local currency agreement is been signed are Indonesia, Iran, the UAE, Russia, Nepal, Bhutan, and Nigeria, and in total, with 18 countries, India has signed a local currency trade agreement either with their federal government or with their Central bank.

Above all, data, facts, statistics, and possibilities guide only one thing: this year, India will proudly say “E Saal Economic Dominance Namde.”

[ippnoida]

India’s print advertising market to grow at 3% – PwC Report

The Indian E&M industry is projected to grow at a CAGR of 8.3% to hit Rs 3,65,000 crore (US$ 19.2 b) outpacing the global rate of 4.6%, according to PwC India’s report 'Global Entertainment & Media Outlook 2024–28: India perspective.'  When it comes to print advertising revenues, despite a global decline at a CAGR of -2.6%, India’s market is expected to grow at a rate of 3%, making it the 3rd largest print market in the world by 2028.

Despite economic challenges and geopolitical tensions, global E&M revenues grew 5.5% year-on-year, from Rs 13,891,000 crore in 2022 to Rs 17,359,000 crore in 2023. Currently, the US leads the global E&M market by revenue, with China in second place and India at the ninth. 

Manpreet Singh Ahuja, chief digital officer and TMT Leader at PwC India commented, “India’s entertainment & media sector is on the cusp of a major transformation. According to our Global Entertainment & Media Outlook 2024-2028, key growth drivers such as digital advertising, OTT platforms, online gaming, and Generative AI are shaping the future of the industry. These rapidly expanding segments are positioning India as a global leader in innovation and growth. Businesses that adapt and innovate in these areas are poised to seize unparalleled opportunities in this dynamic landscape.” 

With India’s improved connectivity, rising advertising revenues and favorable government policies around foreign direct investment (FDI), the country is predicted to see one of the highest growth rates in the next five years. The country’s large millennial and Gen-Z population base of over 91 crore has access to the world’s cheapest data costs.

At present, India has 80 crore broadband subscriptions, 55 crore smartphone users and 78 crore internet users. In fact, Indians are spending 78% of their time on mobile phone apps related to E&M. Leveraging India’s strong growth trajectory in the E&M sector, the Government of India is set to host the inaugural WAVES summit, boosting its E&M sector globally through stakeholder collaboration and innovation. 

With growing consumption and gross domestic product (GDP) growth in India, the advertising market is projected to grow at a 9.4% CAGR from Rs1,01,000 crore in 2023 to Rs1,58,000 crore in 2028, which is 1.4x the global average. Most of this growth will come from digital front (internet advertising), which is expected to grow at a 15.6% CAGR, rising from Rs 41,000 crore in 2023 to Rs 85,000 crore in 2028. Internet advertising’s year-on-year growth, which was 26.0% in 2023, will remain in double digits throughout the forecast period (2024–28), and is expected to be 12.2% in 2028.

This shift towards cord-cutting is expected to accelerate. Traditional TV advertising will grow at a 4.2% CAGR between 2023 to 2028, while global revenues are set to drop by -1.6%. India is poised to become the fourth-largest TV advertising market by 2026.

As per the 2024 outlook, other sub-sectors will also witness growth that surpasses global averages:

The total online gaming and esports revenue in India stood at Rs 16,480 crore in 2023 and is expected to reach Rs 39,583 crore by 2028, growing at a CAGR of 19.2%. With the inclusion of real money gaming (as per PwC’s India Gaming Report ‘24) the total gaming and esports revenue would amount to Rs 33,000 crore (US$4) in 2023 and is expected to reach Rs 66,000 crore (US$8b) by 2028 at a CAGR of 14.5%. Globally, video games and esports revenue will increase at a CAGR of 8.0%.

Over-the-top (OTT) will be the third-fastest growing segment with a CAGR of 14.9%, putting the country in the lead by 2028.

Infrastructure enhancements have supported massive growth in India’s out-of-home (OOH) advertising market which grew by 12.9% in 2023. It is expected to continue to grow at a 7.6% CAGR.

When it comes to print advertising revenues, despite a global decline at a CAGR of -2.6%, India’s market is expected to grow at a rate of 3%, making it the 3rd largest Print market in the world by 2028.

India’s cinema market continues to expand, growing at a 14.1% CAGR. The total music (live, recorded and digital)  revenue grew from Rs 2,416 crore (US$293 m) in 2019 to Rs 6,686 crore (US$811m) in 2023. It is expected to cross Rs 10,899 crore (US$ 1.3b ) by 2028, growing at a CAGR of 10.3%.

At a 5.6% CAGR, India will stand out as having the highest B2B revenue growth rate in the world over the next five years. In contrast, global B2B revenue growth is forecast at a 1.9% CAGR. 

The report highlights four key opportunities in the E&M sector. Internet advertising emerges as the fastest-growing market in Asia-Pacific and the second globally, with a projected 15.6% CAGR (2023–2028). Companies can prioritize regulatory compliance and leverage data analytics to enhance trust and implement targeted advertising strategies.

OTT platforms in India, the world’s fastest-growing, saw a 20.9% rise in 2023, reaching Rs 17,496 crore (US$2.1b), and are projected to double by 2028 (14.9% CAGR). Focusing on advertising-supported tiers, market consolidation and regional narratives can boost engagement.

Online gaming and eSports are rapidly expanding, projected to represent 9% of the E&M sector by 2028. Promoting responsible gaming and investing in high-quality AAA games will position Indian studios on the global stage. Lastly, generative AI (GenAI) is set to transform content creation, personalization and monetization, with over 70% of global companies expected to adopt it by 2025. Early adoption of GenAI in India can drive hyper-personalized content and dynamic advertising campaigns.

The report also outlines strategic approaches for companies to enhance success. It recommends consolidation among regional or niche players through mergers and acquisitions to increase size and scale. It also highlights the use of social media for marketing and distribution, as media companies leverage these platforms for content promotion. The report suggests innovation in content strategy, including eSports, online gaming, and indigenous sports to meet changing consumer behaviors.

It advises investment in cost optimization through analytics, audits, and automation to lower operational and production costs. Finally, it points to the use of GenAI for creating hyper-personalized content discovery and improving user experiences, especially for regional players aiming to match the technological capabilities of global peers.

[market-insider]

Exploring the ASEAN Poultry Vaccines Market: Detailed Insights on Size, Share, Growth Potential

The ASEAN poultry vaccines market size is expected to reach USD 253.22 million by 2030, registering a CAGR of 8.97% from 2025 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the market growth include the increasing prevalence of poultry diseases, growing population, rapid urbanization, rising government initiatives, and reducing antibiotic usage.

For instance, The U.S. Bureau of Census data suggests that the ASEAN region’s (inclusive of 10 countries) total population grew by 11.6% in 2017 from 2008 and is expected to reach 720.0 million by 2027. In addition, according to Bloomberg, the urban population in the ASEAN region will grow by 100.0 million people by 2030. The region’s per capita GDP has grown annually by 3.4% in the last decade and is expected to grow by 3.5% in the next decade.

ASEAN Poultry Vaccines Market Report Highlights

The attenuated live vaccines segment led the market with the largest revenue share of 36.00% in 2024. The most traditional immunization technique in use in the veterinary industry is live attenuation.

Based on disease, the avian influenza segment led the market with the largest revenue share of 9.93% in 2024 and is anticipated to grow at the fastest CAGR over the forecast period.

Based on application, the breeder segment led the market with the largest revenue share of 44.80% in 2024.

Based on distribution channel, the hospital/clinic pharmacy segment led the market with the largest revenue share of 47.01% in 2024.

The poultry vaccines market in Indonesia led the market with the largest market share of 18.99% in 2024, owing to the increasing chicken meat consumption and poultry production rates in the country, which further boosts the demand for import of technology for keeping, feeding, & storage.

For More Details or Sample Copy please visit link @: ASEAN Poultry Vaccines Market Report

Furthermore, owing to the increasing poultry production in developing economies, concerns regarding food safety are growing. To prevent the spread of deadly diseases such as avian influenza in poultry farms, the governments of ASEAN countries are individually taking several measures. For instance, based on the Ministry of Agriculture Decree No. 4026, pathogenic Avian Influenza (AI) has been considered a notifiable disease in Indonesia, and the government has implemented actions to maintain AI control via vaccination, improved biosecurity measures, education & awareness, and routine surveillance. As part of its strategy, the country implemented intense vaccination among layer and breeder types.

Recently, Vietnam reported its first human H5 bird flu case as a result of infected chicken consumption in October 2022, which alerted the country to take strict measures with avian influenza vaccination drives. Similarly, governments of other ASEAN countries are taking a wide range of measures to control such severe infectious diseases to prevent economic loss. For instance, the Vietnamese government has collaborated with international organizations such as World Organization for Animal Health (WOAH), Food and Agriculture Organization (FAO) of the UN, and United States Agency for International Development (USAID) to implement the national animal disease control program 2019-2025. These measures improve the country’s poultry disease management and help develop safe meat supply chains.

Asian countries such as Malaysia, India, Nepal, South Korea, Vietnam, and the Philippines have reported Newcastle disease outbreaks in chickens. Due to these sudden outbreaks, governments are taking severe actions to implement vaccination drives and biosecurity measures. Moreover, according to an article published in the International Journal of Poultry Science, a study was conducted to determine how Malaysian government policies have affected broiler output in Peninsular Malaysia. Three different production sizes of chickens were produced and sold by contract and noncontract farmers in the study.

The effect of government protection on broiler production in Peninsular Malaysia was assessed using a policy analysis matrix including policy protection indicators. A field survey was used to gather information from 310 farms in Peninsular Malaysia. According to the findings, contract farming is more profitable than noncontract farming when producing broilers. The notional protection coefficient calculation results show that current regulations do not adequately safeguard producers. It came to the conclusion that the broiler industry needs government support to increase its competitiveness.

List of major companies in the ASEAN Poultry Vaccines Market

Boehringer Ingelheim International GmbH

Ceva

HIPRA

Zoetis

Phibro Animal Health Corporation

Elanco

Merck & Co., Inc.

Medion Farma

For Customized reports or Special Pricing please visit @: ASEAN Poultry Vaccines Market Report

We have segmented the ASEAN poultry vaccines market on the basis of application, product, disease, distribution channel, and country.

[rohitpalan]

Global Earphone and Headphone Market Poised for Explosive Growth, Projected to Reach $198.42 Billion by 2034

The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Future Market Insights has recently published a market research report titled “Earphone and Headphone Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.”

Request a Sample of this Report:

Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired.

Based on application, the market is sub-segmented into personal use and professional use, which is further divided into corporate offices and media & entertainment, sports, and gaming. Based on headset type, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail stores, which includes multi-brand stores and exclusive stores, and the e-commerce channel. Based on price range, the market is sub-segmented into low price, medium price, and premium price.

[rakshasns]

Mustard Oil Market Segmentation, Parameters : 2023 - 2030

The Mustard Oil Market Trend was USD $22.3 billion in 2022 and is expected to Reach USD 31.59 billion by 2030 and grow at a CAGR of 3.6 % over the forecast period of 2023-2030.

The Mustard Oil growth is estimated to be majorly driven by growing economies of Asia Pacific region. The growing demand of Mustard Oil from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the growth of Mustard Oil in Asia Pacific region

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Mustard Oil Market Grows with Rising Demand for Natural Cooking Oils and Therapeutic Applications

The global Mustard Oil Market is witnessing steady growth, driven by increasing consumer preference for natural and traditional cooking oils known for their health benefits. Mustard oil, rich in omega-3 fatty acids, antioxidants, and essential vitamins, is gaining popularity for its role in promoting heart health, improving skin conditions, and supporting overall immunity. Widely used in culinary applications across Asia-Pacific regions, particularly India and Bangladesh, mustard oil is now garnering attention in global markets due to its unique flavor profile and therapeutic properties. The growing trend toward plant-based diets and natural wellness products further boosts its demand in both food and non-food sectors.

Regionally, Asia-Pacific remains the dominant market for mustard oil, supported by its deep-rooted cultural and culinary significance. However, rising awareness of its health benefits is fueling growth in North America and Europe, where consumers are increasingly exploring exotic oils for their nutritional value. Innovations in cold-pressing techniques and organic certification are enhancing the appeal of mustard oil in premium and health-focused segments. Additionally, its expanding use in cosmetics, pharmaceuticals, and aromatherapy applications positions the mustard oil market for sustained growth, catering to the needs of health-conscious and eco-conscious consumers worldwide.

Market Overview

By Type:

Black mustard

Brown mustard

White mustard

By Application:

Food and Beverages

Pharmaceuticals

Cosmetics and Personal Care

Others

The major factors driving the growth of the studied are growing demand of lightweight material from automotive industry and increasing construction activities in Asia-Pacific.

Availability of substitutes for Mustard Oil are likely to hinder the s growth.

Potential growth in wind energy is likely to create opportunities for the in the coming years.

Asia-Pacific region is expected to dominate the and is also likely to witness highest CAGR during the forecast period.

The key players covered in this report:

Adani Wilmar Limited

Archer Daniels Midland Company

Ambuja Agro Industries Ltd

Bansal Oil Mill Limited

Cargill Incorporated

K S Oils

Mother Dairy Fruit & Vegetable Pvt. Ltd.

Saloni Mustard Oil

Taj Agro Products

Emami Agro Ltd.

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Asia-Pacific Region to Dominate the

Asia-Pacific region is expected to dominate the industry. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.

China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).

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Akash Anand – Head of Business Development & Strategy

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Phone: +1-415-230-0044 (US)

[4rartsandcrafts]

Optimizing 3PL for Hazardous Products: Key Strategies for Safety and Efficiency

The handling and logistics of hazardous materials in India face critical challenges in safety, compliance, and efficiency. With increasing regulatory standards and the potential for economic impact, implementing best practices in hazardous goods logistics is essential. This guide provides strategies for safe, compliant, and efficient management of hazardous materials, supporting a safer and more sustainable supply chain.

The logistics of hazardous materials in India presents unique challenges, as recent statistics reveal significant risks and regulatory demands. According to the Ministry of Road Transport and Highways, over 5,000 accidents involving hazardous goods occurred in 2021 alone, resulting in over 1,000 fatalities and numerous injuries.

These figures underscore the serious safety issues inherent in handling and transporting dangerous materials. With nearly 41,523 industrial units generating close to 8 million tonnes of hazardous waste each year, as per the Central Pollution Control Board (CPCB), safe and compliant logistics practices are essential to minimize environmental impact and adhere to strict regulations.

India’s hazardous goods logistics sector is poised for growth, with projections suggesting that improved logistics management could reduce logistics costs by 8.35% of GDP, significantly benefiting the economy.

Regulatory advancements, like the IS 18149:2023 standard introduced on March 6, 2023, provide updated guidelines on the packaging, labeling, and transport of dangerous goods, reinforcing safety standards.

Additionally, the National Logistics Policy (NLP) of 2022 aims to modernize the nation’s logistics infrastructure and enhance compliance, paving the way for safer operations and attracting foreign investments in this critical sector.

Studies indicate that implementing comprehensive safety training can reduce incidents by up to 70%, highlighting the importance of equipping logistics teams with the knowledge and skills to handle hazardous materials safely.

In this guide, we explore best practices and strategies for optimizing hazardous goods logistics, focusing on safety, regulatory adherence, and operational efficiency to support a more sustainable and secure supply chain in India.

Understanding Hazardous Materials

To effectively manage hazardous materials, it's essential to understand their specific characteristics and requirements for safe handling.

GHS Classification and Labeling

The Globally Harmonized System (GHS) of Classification and Labeling of Chemicals provides a universal standard for identifying hazardous materials. Training your team to recognize GHS classifications, which categorize materials by physical, health, and environmental risks, ensures accurate labeling and safe handling. This foundational knowledge supports compliance and minimizes risks during storage and transport.

Managing Material Compatibility

One key to safe hazardous materials handling is segregating incompatible substances. Mixing certain hazardous materials can lead to dangerous reactions, making compatibility management essential. Creating a compatibility chart based on Safety Data Sheets (SDS) helps guide safe storage practices and prevents incidents in the warehouse.

Read more: Navigating the Pharmaceutical Logistics Landscape in India: Challenges and Opportunitie

Warehouse Design and Layout for Hazardous Materials

The layout and design of your warehouse play a critical role in safely managing hazardous materials within 3PL operations. Proper design can prevent accidents, contain spills, and ensure compliance.

Segregation and Secondary Containment

Segregation: Establish a segregation strategy that separates incompatible materials using physical barriers or designated storage zones. This reduces the risk of accidental reactions and helps maintain a safe warehouse environment.

Secondary Containment: For materials that are prone to spills or leaks, incorporate secondary containment measures like spill trays or bunding systems. These containment systems prevent leaks from spreading, protecting both the facility and the environment.

Ventilation Systems and Safety Signage

Ventilation: Effective ventilation is essential for warehouses handling hazardous substances, especially those that emit fumes or vapors. An explosion-proof ventilation system is recommended for facilities with flammable or volatile materials to prevent fume accumulation.

Safety Signage and Labeling: Clearly mark hazardous materials storage areas with GHS-compliant signage, and ensure containers are correctly labeled. Signage should indicate the type of hazard and provide handling instructions to reduce risks for employees and visitors.

Recommended Reading: Navigating the Supply Chain: A Comprehensive Handbook for Cargo Protection

Safety Protocols and Employee Training

A strong safety culture is essential for any 3PL operation handling hazardous materials. Developing robust safety protocols and investing in regular employee training can prevent accidents and ensure preparedness.

Emergency Response Planning

Prepare for potential incidents, such as spills, leaks, or other emergencies, by creating a comprehensive response plan. This plan should outline specific procedures, designate roles, and establish communication channels. Conducting regular drills ensures that employees are prepared to respond quickly and effectively in real scenarios.

Employee Training Programs

Hazard Identification and Recognition: Training employees to recognize hazardous materials using GHS labels enhances their awareness and ability to handle these substances safely.

Safe Handling Procedures: Equip employees with protocols tailored to specific hazardous materials, ensuring safe handling practices and reducing exposure risks.

Personal Protective Equipment (PPE) Usage: Training on the correct use of PPE, including disposal methods and emergency response steps, is crucial. PPE reduces exposure to harmful substances and ensures the safety of employees.

Ensuring Compliance with Regulations

Operating within legal frameworks is essential for hazardous materials logistics. Compliance with regulations minimizes legal risks and ensures that logistics operations run smoothly.

Familiarity with Local and National Regulations

Understanding relevant regulations is crucial to operating safely and avoiding legal complications. In India, for example, compliance with the Manufacture, Storage, and Import of Hazardous Chemical (MSIHC) Rules is required. Familiarity with local and national regulations, such as OSHA standards in the U.S., helps businesses navigate complex hazardous materials logistics requirements effectively.

Accurate Documentation and Record-Keeping

Maintaining accurate records is essential for compliance and operational transparency. Inventory logs, SDS records, and safety protocols should be meticulously recorded. These documents facilitate inspections and demonstrate a commitment to safety. Proper record-keeping can also streamline audits and provide evidence of regulatory adherence.

Optimizing Efficiency and Reducing Costs

A well-organized, compliant hazardous materials logistics operation brings several efficiency and cost benefits. Implementing these best practices leads to safer, more productive, and cost-effective logistics.

Risk and Liability Reduction

A compliant, organized warehouse setup minimizes the risk of accidents, protecting employees and reducing environmental impact. By reducing the likelihood of incidents, businesses also avoid potential legal liabilities and compliance-related costs.

Lower Insurance Premiums

Insurance providers often reward companies with strong safety and compliance records by offering lower premiums. By investing in responsible hazardous materials management, businesses can potentially reduce insurance costs.

Enhanced Brand Reputation

A commitment to safe and compliant handling of hazardous materials can positively impact a company’s reputation. Clients, partners, and customers increasingly value businesses that demonstrate environmental responsibility and prioritize worker safety, making compliance a competitive advantage.

Operational Efficiencies

An optimized warehouse layout and well-defined workflows facilitate quicker handling, reducing order fulfillment times and overhead costs. Effective processes increase productivity and improve inventory accuracy, enhancing overall efficiency.

Relevant Reading: Occupational Safety & Health in Supply Chain Work Environment

Leveraging Technology for Hazardous Materials Management

Technological advancements can significantly enhance the safety and efficiency of hazardous materials logistics.

Real-Time Tracking and Monitoring

Automation and tracking systems offer real-time visibility of hazardous materials within the supply chain. Implementing Internet of Things (IoT) sensors in storage areas helps monitor conditions such as temperature, humidity, and air quality. Real-time data from these sensors ensure compliance with storage requirements and increase warehouse safety.

Inventory Management Software

Modern inventory management systems allow for precise tracking of hazardous materials, providing insights into inventory levels, storage conditions, and compliance status. These systems enhance operational transparency and streamline inventory audits, ensuring that hazardous materials are managed responsibly.

Conclusion

Optimizing 3PL for hazardous products requires a multi-faceted approach that prioritizes safety, regulatory compliance, efficiency, and sustainability. By focusing on comprehensive warehouse design, robust safety protocols, regulatory compliance, and technology integration, businesses can not only improve hazardous materials logistics but also enhance their brand reputation and reduce costs.

A strategic approach to hazardous materials logistics demonstrates a commitment to safety, sustainability, and operational excellence. By working with experienced 3PL providers and implementing these best practices, businesses can create a safer, more efficient, and responsible supply chain that supports their long-term growth and success.

[rav01]

Real Estate Developers: Transforming the Landscape with Innovation and Vision

Introduction How often have you admired a magnificent building and found yourself praising the developer behind it? The answer is likely countless times. We frequently encounter stunning landmarks that define a location and capture the attention of onlookers. But the true magic lies not just in envisioning a dream but in turning it into a tangible reality. This, however, is only part of the story. The real hallmark of quality lies in adding value to a project that resonates with both investors and customers. Let’s explore how real estate developers are revolutionizing the industry and shaping the future.

Beyond Bricks and Mortar Real estate developers are often misunderstood as mere builders, whose sole responsibility is constructing physical structures. In reality, their role is multifaceted and interdisciplinary, crucial to the overall success of a project. Developers go beyond designing and building; they carefully select prime locations, incorporate premium features and amenities, and ensure the property adds value to every stakeholder. Their commitment doesn’t end with handing over the property but extends to delivering the promised benefits and satisfaction.

The Modern Real Estate Elixirs According to the Indian Brand Equity Foundation (IBEF), the demand for affordable housing will dominate the real estate sector. Urban areas currently face a housing shortfall of 10 million units, with an additional 25 million units needed by 2030. Commercial real estate is also booming, driven by new startups, business expansions, and corporate offices. Data centers alone are projected to require an additional 15-18 million square feet by 2025. Meanwhile, luxury housing is witnessing significant growth, with a 130% increase in sales recorded in the first half of 2023, as per Savills India.

Maximizing Returns Through Modern Marketing Modern developers have moved beyond traditional marketing strategies, introducing innovative investment options. Fractional ownership, for instance, offers annual yields of 8-10%, while commercial property investments provide rental returns of around 9% annually, coupled with a value appreciation of 5-10% per year. Housing Price Index (HPI) data highlights an 8.5% annual price rise in properties, with top cities showing a 3.5% annual appreciation.

From Homes to Smart Living The focus has shifted from just homes to smart and sustainable living. By 2022, the demand for smart homes reached 13 billion units, with an expected annual growth rate of 12.84% by 2025. Developers now prioritize eco-friendly materials, energy-efficient designs, and sustainable amenities like solar power, rainwater harvesting, and green roofs. With buildings contributing 26% of greenhouse gas emissions, sustainable construction practices are becoming imperative. Certifications such as GRIHA and LEED are setting new benchmarks for environmentally responsible development.

Government Support and Future Prospects Government initiatives have further accelerated growth in the real estate sector. The Union Budget 2024 allocated ₹11.1 lakh crore for infrastructure, representing 3.4% of the GDP. Over the past few years, infrastructure spending has increased fourfold, reaching ₹10 lakh crore in 2022-23, up from ₹4.39 lakh crore in 2020-21. Initiatives like PMAY, RERA, and REITs have created an ecosystem that benefits developers, investors, and homebuyers alike.

Gearing Up for the Future In 2022, over 328,000 housing units were launched in India’s residential market, and PMAY has delivered 6.5 million units. Programs like SWAMIH have further supported affordable and mid-income housing projects. These advancements underline the sector’s trajectory towards a promising and sustainable future.

Conclusion Real estate developers play a transformative role in reshaping the property sector. Their evolving responsibilities align with modern demands for eco-friendly and sustainable urban development. The statistics and trends mentioned above illustrate the industry’s bright future and the indispensable role of developers in building better, smarter, and greener communities.

[urbanagelandbase]

India Commercial Real Estate Market (2024 - 2029)

The India Commercial Real Estate Market is predicted to be worth USD 40.71 billion in 2024, rising to USD 106.05 billion by 2029, with a CAGR of 21.10% during the projection period.

The COVID-19 epidemic created a work-from-home (WFH) culture, which had a short-term impact on new space requirements. In 2022, new office space in seven Indian cities (Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune) reached 38.25 million square feet, a 30% decrease from the previous year. In the first quarter of 2023 (January-March), net office absorption in the top six cities was 8.3 million sq. ft.

According to industry experts, beginning September 2022, grade A offices in Indian cities such as Bengaluru and Mumbai will have an average cap rate of 8.25 in core areas. In comparison, the average cap rate for grade A offices in Taipei that year was 2.35 percent. Other Gurugram regions had the highest total vacancy rate of 35.9% in the second quarter of that year. According to industry experts, the Cybercity of Gurugram in India had the lowest vacancy rate among other market segments of the Delhi NCR region at 5.4%.

The commercial real estate market is seeing notable growth in the retail and hospitality sectors, supplying India's expanding demands with the infrastructure it needs. Large-scale institutional investments are anticipated to drive India's commercial real estate sector in the upcoming years. The country's retail real estate market has experienced a significant surge because to government programs like Make in India and other real estate reforms including the implementation of the Real Estate Regulatory Authority (RERA) and GST.

Developers and purchasers are gravitating towards the commercial real estate sector despite their initial difficulties because of the industry's transparency and expertise, which has drawn more and more foreign direct investments (FDI) in commercial real estate. The demand for commercial real estate is being driven by the GDP growth of the nation. It is expected that government programs and urban development regulations and initiatives (Smart City, AMRUT) will increase demand for real estate infrastructure.

The country's need for office space is fuelled by factors including convenience, comfort, and flexibility. To house their staff, the majority of companies across a range of industries—including IT, manufacturing, BFSI, startups, and even boutique businesses—are searching for office space. Furthermore, a lot of businesses want to build satellite or remote offices, grow into new regions, or both, which will increase demand for these spaces.

India's Market Segmentation for Commercial Real Estate

Commercial real estate (CRE) is only used for business purposes or to provide a workspace, as opposed to residential real estate. Most renters lease commercial real estate to run cash-generating businesses.

The report contains a comprehensive background analysis of the India Commercial Real Estate Market, including an assessment of the economy and the contribution of sectors to the economy, a market overview, market size estimation for key segments, emerging trends in market segments, market dynamics and geographical trends, and the impact of COVID-19. The Indian commercial real estate market is divided into four categories: offices, retail, industrial and logistics, and hospitality, as well as key cities such as Mumbai, Bangalore, Delhi, Hyderabad, and others. The study provides market estimates and predictions for the Commercial Real Estate Market in India in value (USD) for each of the aforementioned segments.

[global-research-report]

Permanent Magnets: Driving Advances in Automotive and Renewable Energy Sectors

Permanent Magnets Industry Overview

The global permanent magnets market size is projected to reach approximately USD 39.71 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% over the forecast period.. The rising number of supportive initiatives to promote healthcare infrastructure, especially in developing countries, is projected to aid the market growth over the forecast period.

The demand for the product is expected to be driven by the extensive usage in industrial automation amidst the COVID-19 outbreak and rising demand from the healthcare sector. Permanent magnets are used in various medical devices, such as blood separators, surgical devices, dental equipment, patient monitoring systems, drug delivery systems, and Magnetic Resonance Imaging (MRI) scanners, and other essential & non-essential healthcare devices. The COVID-19 outbreak in 2020 played a key role in driving the investments in developing healthcare infrastructure.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

For instance, the Government of India laid out the plan to upend its healthcare spending by nearly 3% of its total GDP by 2022. Such initiatives are likely to drive the product demand in the healthcare sector over the predicted timeline. The product is also significantly used in wearable electronic devices. The global economy is currently witnessing drastic developments in technology, which has led to the proliferation of smart electronic devices.

The market for wearable electronics devices, smartphones, and other smart technologies in advanced as well as emerging economies is likely to witness significant growth. This is likely to indirectly benefit the product demand over the forecast period. The global market is fragmented and is characterized by regional concentration. On account of the presence of large-scale rare earth metal deposits in China, numerous small, medium, and large-scale manufacturers are located in close vicinity.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global wet scrubber market size was valued at USD 1.17 billion in 2024 and is anticipated to grow at a CAGR of 8.5% from 2025 to 2030. 

The global wood chipper machines market size was valued at USD 402.9 million in 2024 and is expected to grow at a CAGR of 5.0% from 2025 to 2030. 

Permanent Magnets Market Segmentation

Grand View Research has segmented the global permanent magnets market based on material, application, and region:

Permanent Magnets Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Ferrite

Neodymium Iron Boron (NdFeB)

Aluminum Nickel Cobalt (Alnico)

Samarium Cobalt (SmCo)

Permanent Magnets Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Automotive

Consumer goods & electronics

Industrial

Aerospace & Defense

Energy

Medical

Others

Permanent Magnets Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Russia

UK

France

Italy

Asia Pacific

China

India

Japan

South Korea

Indonesia

Central & South America

Brazil

Argentina

Middle East & Africa

KSA

Key Companies profiled:

Adams Magnetic Products Co.

Earth-Panda Advance Magnetic Material Co., Ltd.

Arnold Magnetic Technologies

Daido Steel Co., Ltd.

Eclipse Magnetics Ltd.

Electron Energy Corp.

Goudsmit Magnetics Group

Hangzhou Permanent Magnet Group

Magnequench International, LLC

Ningbo Yunsheng Co., Ltd.

Ninggang Permanent Magnetic Materials Co., Ltd.

Key Permanent Magnets Companies Insights

Some of the key players operating in the market include Hitachi Metals Ltd., Shin-Etsu Chemical Co., Ltd. and Ningbo Yunsheng Co., Ltd.

Hitachi Metals Ltd. operates through three business segments, namely automotive related products, electronics-related products, and infrastructure related products. It offers a wide range of products including cutting tools, molding materials, chassis, exhaust components, magnets & motor related products, LCD displays & semiconductors, medical equipment, aircraft components, piping equipment, industrial equipment, and rubber.

Shin-Etsu Chemical Co., Ltd. operates through various business segments, namely PVC, silicones, specialty chemicals, semiconductor silicon, electronics & functional materials, and processing/trading businesses.

Ningbo Yunsheng Co., Ltd. develops and manufactures sintered and bonded NdFeB, AlNiCo, and SmCo magnets; magnetic assemblies; and electric motor products. The company is engaged in the research and management of servomotors, compact spinning devices, automobile motors, serinette, smart technology products & supplies, and neodymium magnets.

Earth-Panda Advance Magnetic Material Co., Ltd., and Ninggang Permanent Magnetic Materials Co., Ltd., are some of the emerging market participants.

Recent Developments

In October 2023, Ara Partners, a private equity firm acquired Vacuumschmelze (VAC), a German permanent magnets producer, from its equity investor Apollo. This will strengthen the duo’s rare earths value chain, and help the former to pursue its strategic growth opportunity of supplying permanent magnets to key industries such as electric vehicles (EV).

In January 2023, VAC signed an agreement with U.S. automaker General Motors to build a permanent magnets manufacturing plant in North America to manufacture, using locally sourced raw materials. The product would be used in the manufacture of electric motors supplied to GM automobiles.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

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Understanding India's National Logistics Policy (NLP) and Its Transformative Potential

The National Logistics Policy (NLP) of India, launched in September 2022, marks a significant initiative aimed at revolutionizing the country’s logistics landscape. Amidst a complex and rapidly evolving supply chain environment, the NLP seeks to streamline logistics operations, improve infrastructure, and promote sustainability. This blog delves into the NLP’s objectives, key components, potential economic impact, and the challenges associated with its implementation, while also highlighting its transformative potential for India's economy.

The Urgent Need for the National Logistics Policy

India’s logistics sector has long grappled with inefficiencies, high costs, and infrastructural bottlenecks. Currently, logistics costs account for approximately 13-14% of the country's Gross Domestic Product (GDP), significantly higher than the global average of 8-9%. This discrepancy presents a major competitive disadvantage for Indian goods in the global marketplace, particularly when compared to countries with more streamlined logistics processes.

The launch of the NLP is a response to the growing need for an integrated, technology-driven, and sustainable logistics framework. Its primary aim is to bring down logistics costs to 8% of GDP by 2030. This reduction, if achieved, will not only enhance the competitiveness of Indian products in the global market but also contribute to the overall economic growth of the country.

Key Objectives of the National Logistics Policy

The NLP is a comprehensive policy aimed at addressing various inefficiencies in India’s logistics sector. It has several key objectives:

Cost Reduction: One of the central goals of the NLP is to reduce logistics costs from 13-14% of GDP to 8% by 2030. This aligns with global best practices and is expected to make Indian goods more competitive internationally. Lower logistics costs will also benefit domestic consumers by reducing the price of goods.

Efficiency Improvement: The policy places a strong emphasis on enhancing logistics efficiency across all sectors. This will be achieved through the digital integration of logistics processes, improved coordination between different stakeholders, and the standardization of logistics operations.

Infrastructure Development: To streamline logistics, significant investments are planned in infrastructure development. This includes the construction of logistics parks, warehousing capacities, and multi-modal transport systems. These initiatives will facilitate seamless movement of goods across the country and reduce bottlenecks.

Job Creation: The NLP is expected to create employment opportunities within the logistics sector, particularly as infrastructure improves and logistics services become more efficient.

Sustainable Practices: The NLP promotes the adoption of environmentally friendly logistics practices, such as the use of electric vehicles and other green technologies. Sustainability is becoming a crucial consideration for businesses worldwide, and India’s logistics sector is no exception.

Key Components of the National Logistics Policy

The National Logistics Policy is built on a framework that integrates various elements to enhance logistics efficiency, reduce costs, and promote sustainability. The following are the key components of the NLP:

Unified Logistics Interface Platform (ULIP): The ULIP is a digital platform that integrates different logistics processes across various ministries and stakeholders. The goal of ULIP is to ensure a seamless flow of information, enhance transparency, and simplify logistics operations.

Integration of Digital Systems (IDS): The IDS component aims to eliminate silos between different departments and stakeholders by creating a unified digital framework. This will improve data management and facilitate the sharing of information across the logistics chain.

Ease of Logistics (ELOG): ELOG focuses on simplifying logistics business processes, increasing transparency, and making logistics operations more accessible for all stakeholders involved.

System Improvement Group (SIG): The SIG is a specialized body that addresses logistics-related issues at an operational level. It is responsible for facilitating continuous improvements in logistics processes and ensuring that the NLP’s objectives are met.

Stakeholder Collaboration: The NLP encourages collaboration among different stakeholders, including government ministries, logistics service providers, and businesses. This collaboration is essential for the successful implementation of the policy and for addressing conflicting interests within the logistics ecosystem.

The Anticipated Economic Impact of the NLP

The successful implementation of the NLP is expected to have a profound impact on India’s economy. The logistics sector is critical to the functioning of various industries, including manufacturing, agriculture, and retail. By reducing logistics costs and improving efficiency, the NLP will directly contribute to the competitiveness of these industries, leading to several key benefits:

1. Boosting Export Competitiveness

One of the most significant impacts of the NLP will be on India’s export sector. High logistics costs have traditionally made Indian products more expensive in international markets, limiting their competitiveness. By reducing these costs, the NLP will enable Indian businesses to compete more effectively on the global stage. Lower logistics costs will also make it more attractive for foreign companies to source goods from India, further boosting exports.

2. Attracting Foreign Investment

An efficient logistics infrastructure is a key factor that multinational companies consider when deciding where to invest. The NLP’s emphasis on improving logistics infrastructure and reducing costs will make India a more attractive destination for foreign direct investment (FDI). This is particularly relevant in sectors like manufacturing, where supply chain efficiency is critical.

3. Job Creation

The NLP is expected to create a significant number of jobs in the logistics sector. As infrastructure improves and logistics services become more efficient, there will be increased demand for skilled workers in areas such as warehousing, transportation, and logistics management. Additionally, the growth of e-commerce and the rise of direct-to-consumer (D2C) brands will create further opportunities for employment within the logistics industry.

4. Enhancing Consumer Experience

By improving logistics efficiency and reducing costs, the NLP will ultimately benefit consumers by lowering the price of goods. Additionally, the policy’s emphasis on digital integration and real-time tracking will improve the overall customer experience. Consumers will be able to track their shipments more accurately, leading to greater transparency and trust in the supply chain.

5. Sustainability and Green Logistics

The NLP’s focus on sustainable practices will also have long-term benefits for the economy. By promoting the use of electric vehicles and other green technologies, the policy will help reduce the environmental impact of logistics operations. This aligns with global trends toward sustainability and will enhance India’s reputation as a responsible and forward-thinking economy.

Challenges to the Implementation of the NLP

While the NLP holds immense potential, its successful implementation is not without challenges. The following are some of the key obstacles that will need to be addressed:

1. Infrastructure Deficits

India’s existing logistics infrastructure is underdeveloped in certain areas, particularly in cold storage and warehousing. These gaps affect supply chain efficiency and increase logistics costs. Significant investments will be required to address these infrastructure deficits and ensure that the NLP’s objectives are met.

2. Technological Adoption

One of the key components of the NLP is the integration of digital systems and the adoption of advanced technologies. However, many logistics companies in India still rely on outdated processes and systems. Transitioning to more technology-driven operations will require significant time, resources, and training.

3. Fragmented Market Structure

India’s logistics sector is characterized by a highly fragmented market structure, with numerous small players competing for business. This fragmentation can make it difficult to achieve the efficiencies and economies of scale needed to reduce logistics costs. The government may need to consider regulatory reforms or incentives to encourage consolidation within the sector.

4. Regulatory Hurdles

The logistics sector in India is subject to complex regulations, which vary across different states. These regulations can complicate logistics operations and increase compliance costs for logistics providers. Streamlining regulatory processes and reducing bureaucratic red tape will be critical to the success of the NLP.

5. Funding and Investment

The NLP’s ambitious infrastructure development plans will require substantial funding from both the government and the private sector. However, securing the necessary investment may prove challenging, particularly in times of economic uncertainty. The government will need to explore innovative financing mechanisms to ensure that the NLP’s objectives are met.

Conclusion: Embracing the Transformative Potential of the NLP

The National Logistics Policy represents a transformative vision for India’s logistics sector. By reducing logistics costs, improving infrastructure, and promoting digital integration, the NLP has the potential to redefine the logistics landscape and propel India toward its goal of becoming a $5 trillion economy by 2029.

While challenges remain, the successful implementation of the NLP will create significant opportunities for economic growth, job creation, and global competitiveness. With the right strategic approaches, stakeholder collaboration, and ongoing monitoring of progress, the NLP holds the promise of establishing India as a global logistics hub and driving the country’s economic development for decades to come.