This is a make better, move faster, scale deeper budget, one that prioritises long-term sectoral strength, writes Rahul Kakkad, Tax Partner, Consumer Products and Retail Sector, EY India and Ankit Jain, Senior Manager, Indirect Tax, EY India
The Finance Ministry on Friday stated that India’s economic prospects for the next fiscal year appear promising, citing an increase in private investment and a downward trend in inflation. According to the Monthly Economic Review, the inclusion of Indian bonds in the Bloomberg bond index starting from January 2025 is expected to bolster inflows into […]
Crisil Ratings, an Indian rating agency, forecast a 6.8 per cent growth in India’s GDP for the upcoming fiscal year. Their India Outlook report predicts the country’s economy will benefit from domestic reforms and cyclical trends, potentially solidifying its position as the world’s third-largest economy by 2031. The report acknowledges a projected moderation from the […]
Economists predict that the divergence between India’s industrial and service sectors will normalise in the next few quarters The Indian economy grew at an impressive rate of 8.4 per cent in Q3FY24, surpassing economists’ expectations of 6.6 per cent growth. However, it is important to interpret the headline growth figure with caution as there are […]
Investors are focusing on a tighter supply outlook as oil prices rose on Monday. This comes after Moscow issued a temporary ban on fuel exports while remaining cautious about further rate hikes that could dampen demand. Brent crude futures increased by 0.5 per cent, or 48 cents, to USD 93.75 a barrel by 0110 GMT […]
The government is working to introduce reasonably strict but practical quality standards for the Indian manufacturing sector, said Union minister Piyush Goyal. “The government is working to introduce quality standards in a much bigger way to help Indian manufacturing sector. In the next 2-3 years, we hope to significantly ramp-up the products which will have […]
