India's aviation, tourism and hospitality sectors are set to hit hard due to the West Asia conflict suffering as much as 15 to 20 per cent decline in inbound tourist traffic and an estimated net loss of Rs 18,000 crore for the aviation industry.
Rajeev Juneja is the President of the PHD Chamber of Commerce and Industry (PHDCCI). Juneja is a first- generation entrepreneur with experience in the pharmaceutical industry and is the Vice - Chairman and Managing Director of Mankind Pharma, a leading pharmaceutical company.
Reacting to the Budget, industry body PHDCCI said it welcomes and strongly supports the Union Budget 2026–27 initiatives aimed at expanding manufacturing across strategic and sunrise sectors.
The remarks came during PHDCCI’s Brainstorming Session on "Critical Minerals: Way Forward to Overcome Global Supply Chain Uncertainties".
The award was received by Shri Sanjay Kumar Jain, Chairman & Managing Director, IRCTC, along with Shri Rahul Himalian, Director (Tourism & Marketing), IRCTC, during the 120th Annual Session of PHDCCI held at Bharat Mandapam, Pragati Maidan, New Delhi.
India has surprised the world with its resilient economic growth trajectory in recent years.
After the rate cut decision, the US dollar turned higher, putting pressure on gold like safe commodities.
Dr SP Sharma, Chief Economist and Deputy Secretary General of PHDCCI, said that India is a very resilient economy that will continue to grow rapidly in the future.
As India aims to achieve $2 trillion exports by 2030, the country's trade with regions and regional groupings improved significantly in the post-pandemic times amid robust measures and policy reforms towards ease of doing business, a new report said on Wednesday.
The Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds, the industry body said.
