Indian economy likely to record double digit growth in FY22: ASSOCHAM

14 Sep 2021 CW Team

According to an ASSOCHAM assessment, consumer confidence is improving in several key sectors of the economy, including contact services like hospitality, and construction and renovation activities have been picking up for the past few months, resulting in the return of migrant workers seeking gainful employment.

Despite its low starting point, the Indian economy is expected to grow by double digits in the fiscal year 2021-22, keeping the catch-up mode alive. The recovery seen in the first quarter of this fiscal year should become a long-term trend.

The overall situation concerning the pandemic should improve further as the government, along with the state governments of Kerala and Maharashtra, work together to reduce the Covid-19 incidence through a multi-pronged strategy.

ASSOCHAM has established itself as the knowledge fountainhead for the Indian industry, which is poised to reshape the dynamics of growth and development in the technology-driven knowledge-based economy.

ASSOCHAM is seen as a forward-thinking, proactive organisation that is preparing to meet the aspirations of corporate India in the new business world.

ASSOCHAM is working to improve India's business environment so that it is more competitive in the global market.

The Promoter Chambers and other Industry or Regional Chambers or Associations that are spread across the country give ASSOCHAM its strength.

Image Source

Also read: India’s GDP increases 20.1% in Q1 FY22 compared to FY21

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..