These were the beefed-up policies that SEBI proposed on the ESG rating providers in the field of rating withdrawals, disclosures, audits and government norms.
These are the steps that are expected to improve the overall ESG rating in terms of its transparency and accountability.
The regulations explain how and at what stage ERPs are allowed to withdraw their ratings and further reveal their reasoning.
Such program is indicative of the increasing relevance of ESG factors of the investments.
Textile exports 2030
The goal of India is to make a triple jump in the textile export to 9 lakh crore by 2030.
It is also possible to reach the target even sooner with the vision of the Five Fs as well as the new pool of global opportunities of $7.5 billion in recycling textile waste.
The Five Fs is composed of - farm, fiber, fabric, fashion and foreign.
The exports of the Indian textile industry are currently at 3 lakh crores winning the tag of the sixth largest exporter of textile in the world.
The textiles and apparel industry has a market share of 2.3 percent in the GDP of the country and 13 percent in the industrial output and 12 percent in export of the country.
Fresh Fiscal Policy
The Indian government has declared that it will move in the FY 2026-27 onward to change the fiscal deficit goal with the debt-to-GDP ratio as the new fiscal anchor.
These are meant to make it fiscally sustainable, offer high levels of transparency and offer flexibility over public finance management.
The debt-to-GDP is the proportion of the national debt in a country in comparison to its Gross Domestic Product (GDP).
It is useful to appoint the fiscal health of a country, and it provides an insight into the borrowing of the past and as it is happening.
The government has long-term aims of bringing down the ratio of debt to GDP to 50 1 of the central government by March 31, 2031.
The FY 2024-25 target of the fiscal deficit is now pegged at 4.8 per cent of GDP, as opposed to the initial target of 4.9 per cent.
The government has estimated further decrease to 4.4% of GDP in FY 2025-26.
Entity Locker
The new digital platform launched by the union government is referred to as entity locker.
It was designed to make business and organizational documentation easier to manage and verify.
It is created by National eGovernance Division (NeGD), Ministry of Electronics and Information Technology (MeitY).
This safe cloud-based platform serves a multifold mix of institutions and organizations in the form of corporations, MSMEs, trusts, startups, and societies.
It is integrated with such systems as the Ministry of Corporate Affairs (MCA), the Goods and Services Tax Network (GSTN), and the Directorate General of Foreign Trade (DGFT), which in turn provides immediate access to the necessary documents.
DIA scheme
The Government of India has introduced Diamonds Imprest Authorization (DIA) Scheme under the Department of commerce.
It was supposed to enhance the position of the country in the world diamond trade.
The project will ease and cut down the expenses involved in importing and handling of the diamonds by exporters.
The Exporters are now able to import up to 25 cents of natural cut and polished diamonds below 25 cents (less than 1/4 carat) duty free.
Before these diamonds can be exported, the exporters are required to increase the value to at least 10 per cent.
Eligible exporters must be rated higher than Two Star Export House (a recognition entailed by the Directorate General of Foreign Trade), and be exporting at least 15 million dollars per annum.
The involvement of India in the Digital Economy
The digital economy in India has become a key factor towards developing the Indian economy.
In 2022-23, it was contributing to 11.74 per cent of the GDP (INR 31.64 lakh crore or USD 402 billion).
It is utilizing 14.67 million employees (2.55 percent of the total workforce) and the digital economy is close to five times more productive than the remainder of the economy.
It has been estimated that the digital economy will reach 20 percent of the GVA by 2029-30, ahead of agriculture and manufacturing.
Smartphone Exports in India to 2025
During April-January, the smartphone exports of India had jumped up to Rs 1.55 trillion.
Such exports beautifies Rs 1.31 trillion in FY24.
The month of January (2025) down to Rs 250 billion worth of exports recorded the highest ever monthly exports.
It was registering a 140 per cent growth comparing to January 2024.
Vendors of Apple which includes over 70 per cent in exports of Apple have iPhone vendors and Foxconn Tamil Nadu facility contributed approximately half.
The exports by Foxconn increased by 43 per cent relative to the former fiscal year.
Pegatron is another company found in Tamil Nadu that made 12 per cent.
Samsung added about 20 per cent of the gross smartphone export.
Trade between India and Qatar a 2030
India and Qatar have resolved to elevate their bilateral ties to the position of a strategic partnership, where the ties are to be enhanced particularly in trade, investment, as well as energy.
The two countries are targeting to increase bilateral trade by two folds to reach level of $28 billion in the next five years with the present level at $14.08 billion.