[ad_1] On 1 February 2025, India’s finance minister Nirmala Sitharaman presented her record eighth budget in Parliament. Her budgets have usually been characterized by three signature features: transparency, fiscal prudence and high capital expenditure (capex). However, in the 2024-25 and 2025-26 budgets, there is a visible tension between the latter two. Capex growth has been…
[ad_1] India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. To realize this, India must sustain double-digit growth over the next two decades. Hitherto, services sector has been the engine that has powered the economy, but manufacturing sector must also fire up for this vison to become a reality….
[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…
[ad_1] In fiscal year 2022-23, India’s Income Tax Department data shows that the gross total income (GTI), before loss set-offs and deductions, of individuals amounted to â‚ą62.4 trillion, while that of corporates amounted to â‚ą38.3 trillion. Of the country’s overall GTI of â‚ą107.2 trillion, as per the department’s records, the balance â‚ą6.5 trillion is accounted…
[ad_1] India’s economic growth remains strong, with the share of gross fixed capital formation in GDP above 31%, which is good news for the ongoing recovery. That said, policymakers and commentators would do well to stop crowing over India still being the world’s fastest growing major economy. The US, with a GDP of $27.4 trillion,…
[ad_1] The government aims to unlock a floodgate of private capital by creating a standardized framework for identifying climate-aligned projects. The taxonomy will be able to achieve this by developing a set of standardized regulations to inform investing actors of the activities or businesses working towards combating climate change. Achieving India’s net-zero target by 2070…
[ad_1] As we approach one more Union budget, a lot is being written about what the government should do. Ordinarily, for a budget, the focus should be narrow on issues like fiscal expenditures and taxes. However, the Union budget in India remains significant in providing direction to the Indian economy in a much broader sense. …
