[ad_1] That the Indian economy is going through a difficult phase is no longer a matter of speculation. The Economic Survey not only made that clear, but went further by offering evidence of a decline in earnings of the self-employed in the last six years. For regular and casual workers, wages have been declining for…
[ad_1] Economic Surveys tend to have a short shelf life. This could be because they are seen as the handiwork of technocrats, led by the chief economic advisor, and often read like academic wish-lists, devoid of the political economy considerations that determine whether governments take their advice. It could also be because the Union budget…
[ad_1] A strategic focus on four key drivers— agriculture, micro, small and medium enterprises (MSMEs), investment and exports—rightly identifies the policies that will best boost growth, and significant measures have been unveiled to ensure that these are accelerated effectively. Further, there has been a strong emphasis on knowledge, innovation and meeting requirements of the future….
[ad_1] The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. But there a quite a few standout features other than these. First things first. The remarkable and dogged focus on fiscal consolidation really…
[ad_1] In these years, the number of tax filers has gone up from 65 million to 80 million, which is still less than 6% of the population. Of all those filers, barely 25 million pay more than zero tax. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to…
[ad_1] Also Read: Is India’s slowdown structural or cyclical? It depends on your expectations. The economic commentary at that time was about slowing consumption dragging down overall economic activity and growth. However, the consumption problem, as we know, is fundamentally one of incomes. To understand this, we must go back to the post-demonetization period (after…
[ad_1] For the upcoming budget year, nominal gross domestic product (GDP) has been projected to grow at 10.1% over the half year-based First Advance Estimate (FAE) for the current year, yielding a budgeted GDP denominator of â‚ą356.97 trillion for 2025-26. The Second Advance Estimate (SAE) for 2024-25 will soon follow at February-end, and at May-end…
[ad_1] India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burdens under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to â‚ą12 lakh annually from â‚ą7 lakh. That’s quite a leap. Also Read: Union Budget 2025 strengthens the…
[ad_1] Budget 2025 trading strategy: Benchmark indices Sensex and Nifty 50 continued their upward trend on Friday following the release of the Economic Survey for 2024-25. The Economic Survey presented in Parliament indicated that India is projected to achieve GDP growth of 6.3-6.8 percent in the fiscal year 2025-26, supported by robust fundamentals, measured fiscal…
[ad_1] As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25. Has the ongoing cyclical slowdown put the Centre’s fiscal consolidation agenda…
