Sunday 15 November 2026
Demo Register

Economy

Directorate General of Trade Remedies

On 9 November 2026, the Directorate General of Trade Remedies (DGTR), the Commerce Ministry’s investigative arm, recommended a five-year anti-dumping duty on medical examination rubber gloves imported from Thailand and Malaysia. The final decision on imposing the duty rests with the Finance Ministry. The proposed rates per 1,000 pieces are USD 4.42 for Malaysia’s YTY Industry Sdn Bhd, USD 5.65 for other Malaysian producers, USD 2.88 for Sri Trang Gloves (Thailand) Public Company Ltd, and USD 4.86 for other Thai producers.

  • The investigation began on 30 September 2025, following applications by domestic manufacturers Navco Industries and Wadi Surgicals. It examined dumping and injury from 1 April 2024 to 31 March 2025. The DGTR found that dumped imports had caused material injury to India’s nascent domestic industry.

Posted Date: November 9, 2026

Economy

State Bank of India

State Bank of India (California), a wholly-owned subsidiary of India’s largest lender State Bank of India (SBI), has inaugurated its new branch in Frisco, Texas on 7 November 2026. This opening marks the subsidiary's first physical expansion beyond California, with its US branches now at eight locations.

  • Located in the rapidly growing North Dallas region, the new Frisco branch offers a full suite of retail and business banking services. These include personal and business deposits, commercial lending, and international remittances, tailored specifically for individuals, professionals, entrepreneurs, and corporate entities across North Texas.

  • SBI already has a direct presence in the US through full-service branches in New York, Chicago and Los Angeles, as well as a representative office in Washington. These operations are separate from the eight locations run by its California subsidiary.

  • The lender's broader international footprint comprises 245 overseas points of presence spread across 29 countries, encompassing branches, sub-offices, representative units, subsidiaries, and joint ventures. SBI also maintains correspondent banking arrangements with 222 financial institutions across 56 nations to support cross-border trade settlements and payment transfers.

  • Digital operations continue through SBI's YONO Global application, which operates across 14 overseas offices and subsidiaries. For the quarter ended September 30, 2026, foreign advances rose 22.86 percent year-on-year to Rs 8,31,332 crore, while deposit mobilisation at overseas branches registered a 22.61 percent increase to reach Rs 2,83,319 crore.

Posted Date: November 7, 2026

The manufacturing corporate sector

The manufacturing corporate sector recorded 9.28 percent growth in Gross Value Added (GVA) in 2024–25, while net value added per operating factory rose 6.59 percent, according to detailed Annual Survey of Industries (ASI) results released by the Ministry of Statistics and Programme Implementation (MoSPI) on 4 November 2026. GVA per person engaged increased 2.25 percent over the previous year, while the gross value of plant and machinery in the registered manufacturing sector grew 7.25 percent.

  • The manufacturing corporate sector, which accounted for more than 89 percent of total GVA, recorded a 3.45 percent increase in operating factories and 7.57 percent growth in persons engaged.

  • The Ministry released Volume I and the Summary Results of the Factory Sector, along with unit-level data and metadata, following the publication of the ASI factsheet on September 30. The survey covers the financial year from April 2024 to March 2025, with fieldwork conducted between October 2025 and June 2026. Food products, textiles, basic metals, motor vehicles and wearing apparel together accounted for more than 41 per cent of manufacturing employment covered by the survey.

  • Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh were the top five states by GVA, contributing more than 54 percent of the total.

  • The findings showed a concentration of capital, output and value addition among larger factories. Units with plant and machinery investment of up to Rs.5 crore represented 78.69 percent of operating factories and employed 34.32 percent of persons engaged. They accounted for 10.55 percent of fixed capital, 19.24 percent of output and 17.61 percent of net value added.

Posted Date: November 4, 2026

Social Links