India’s e-commerce and quick commerce sectors are experiencing a hiring surge, with a significant 35% increase in roles. Companies are now prioritizing technology and operational capabilities, particularly in AI, machine learning, and supply chain, to drive platform strength and efficient fulfillment, especially in smaller cities.
India advocates for World Trade Organisation reform, emphasizing development for poorer nations and consensus-based decisions. Commerce Minister Piyush Goyal stressed the need to revive the dispute settlement mechanism and address long-pending issues like public stockholding for cotton-growing countries. India also signaled reservations about incorporating plurilateral agreements and continuing customs waivers for e-commerce.
Jindal Steel International’s proposed acquisition of Thyssenkrupp Steel is facing delays due to unresolved pension-related issues with German authorities. While talks remain active, further assurances from German stakeholders are needed to move forward with the deal, which includes plans for a green steel facility.
Government is likely to extend subsidies for electric two-wheelers and e-rickshaws under the PM e-Drive scheme. While e-two-wheeler subsidies may continue until June, e-rickshaw incentives could last for about two years. This extension aims to allow more people to benefit from the scheme, despite challenges in localization for e-rickshaw manufacturers.
Industry has urged the government to address supply chain disruptions impacting sectors from pharmaceuticals to plastics. Suggestions include loan relief for small businesses, a “green corridor” for goods, and restricting certain input uses. Rising freight rates and a potential container crunch are also major concerns.
The inflows of Russian crude oil have risen sharply since the US-Iran war began and imports via the Strait of Hormuz were disrupted. In fact, crude imports from Russia are now nearing lifetime monthly highs!
