J P Chawla & Co. LLP

Fineprint Vol.2 2021

In February 2021, India’s export industry saw a promising start with a 14% surge in exports to the US, reaching $4.9 billion, marking the fourth consecutive month of positive growth. India also launched a Production Linked Incentive (PLI) Scheme worth $1.67 billion to boost domestic telecom manufacturing. E-commerce flourished, with a 36% increase in the last quarter of 2020, particularly in Personal Care, Beauty, and Wellness. Google pledged $15 million to support Indian MSMEs during the pandemic, part of a $75 million global commitment. India invited global defense and aerospace companies to establish manufacturing units, leveraging government initiatives. Crisil projected a 27% revenue growth in India’s media and entertainment sector for FY22.


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