Indias growth strategy

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States’ Startup Ecosystem Ranking

States’ Startup Ecosystem Ranking On 16th January 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) released the 5th Edition of States’ Startup Ecosystem Ranking. The ranking promotes competitive federalism by assessing States and Union Territories on startup policy, incubation, funding, market access and innovation support. Aspect Details Ranking Framework States and Union Territories were divided into two broa

TEAM Initiative

TEAM Initiative On 29th January 2025, the Ministry of Micro, Small & Medium Enterprises, in collaboration with the Open Network for Digital Commerce (ONDC), launched the MSME Trade Enablement and Marketing (TEAM) Initiative. The initiative aims to strengthen the digital commerce participation of MSMEs by improving onboarding, market access, payments, logistics and capacity-building support. Aspect Details Initiative TEAM stands for MSME Trade

Mutual Credit Guarantee Scheme for MSMEs

Mutual Credit Guarantee Scheme for MSMEs On 29th January 2025, the Central Government approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSMEs). The scheme aims to strengthen MSME access to institutional credit by providing 60% guarantee coverage for loans sanctioned towards purchase of equipment and machinery. Aspect Details Objective The scheme aims to improve credit availability for MSMEs by reducing lending risk for financial institut

Tex-RAMPS’ Scheme

Tex-RAMPS Scheme The Government of India has approved the Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme to strengthen research, innovation and competitiveness in the textile sector. The scheme will support long-term textile sector development through improved research capacity, monitoring systems and start-up support mechanisms. Aspect Details Full Form Tex-RAMPS stands for Textiles Focused Research, A

Macro-Economic Overview

Macro-Economic Overview The Survey revises India’s medium-term potential growth rate upward and reaffirms India’s position as the fastest-growing major economy. The revision reflects the impact of structural reforms, higher public capital expenditure and expanding digital infrastructure. Indicator Details Real GDP Growth Real GDP growth is estimated at 7.4% for FY26, surpassing previous projections. Potential Growth Rate

Services

Services The services sector contributes more than 50% of India’s Gross Value Added (GVA) and continues to remain the mainstay of economic growth. India is witnessing expansion in Global Capability Centres, creative industries and the space economy, strengthening the services-led growth model. Aspect Details Services Contribution Services contribute more than 50% of India’s GVA, making the sector the primary driver of growth.

External Sector

External Sector India’s total exports of goods and services reached a record USD 825 billion in FY25. The external sector remained supported by moderate current account deficit, strong forex reserves, high remittances and export diversification. Aspect Details Total Exports India’s goods and services exports reached a record USD 825 billion in FY25. Current Account Deficit The current account deficit moderated to 0.8% o