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India's infrastructure output increased by 2.9% year-on-year in Feb (compared to a 7.1% growth in Feb 2023). While coal, refinery products, fertilizers, steel, cement, and electricity production saw a rise, crude oil and natural gas production decreased: provisional data from Commerce Ministry.

India’s forex reserves rose by $4.5 billion to $658.8 billion in the week that ended on 21 March.

The Indian government approved the Electronics Component Manufacturing Scheme with Rs 22,919 crore funding. It includes incentives for manufacturing key components like display modules, PCBs, and batteries, with a 6-year tenure and employment-linked payouts.

The Indian government will impose a 10% import duty on desi chana (bengal gram) from 1 April. Previously, the import taxes on chana were dropped in May 2024 to increase domestic supply and manage prices.

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