The first day of the 2025 World Economic Forum (WEF) Meeting began with the Alpine sunshine casting a golden glow over the snow-lined Promenade in Davos. By day two, the temperatures dipped further, but the bustling energy on the streets stayed undeterred. WEF 2025: Collaboration for the Intelligent Age This…
Browsing CategoryDG’s Journal
Startup India: Catalysing economic growth and innovation
India has earned its place as the 3rd largest startup hub globally, with over 100 unicorns shaping the future of innovation and entrepreneurship. Recognised as a powerhouse of entrepreneurial spirit, the country boasts of 157,066 startups acknowledged by the Department for Promotion of Industry and Internal Trade (DPIIT) with more…
Build on momentum of Aussie trade pact
A Historic Relationship with a Dynamic Future India and Australia have long shared a relationship rooted in history, democratic values and mutual respect. Both nations, members of the Commonwealth, operate under similar legal frameworks and parliamentary democracies. But it is their economic partnership that has recently taken centre-stage, setting the…
Time to boost demand drivers of growth
Booster Dose, Increased allocations towards PM-KISAN and MGNREGA in the upcoming Budget can spur growth Amidst global uncertainties, the Indian economy has demonstrated remarkable resilience, with its real GDP averaging 8.3 per cent in the last three fiscal years. However, a few signs of moderating economic momentum have emerged, as…
Tax action in the Union budget for 2025-26 could set the course for Viksit Bharat
Balancing Fiscal Prudence and Growth Impetus Balancing fiscal prudence with the need to provide a growth impetus has been a hallmark of our government over past Union budgets. Tax buoyancy has improved, while taxation has been simplified and ease of paying taxes enhanced. With a keen eye on resilience, the…
Essential business priorities in a changing world
Navigating the Global Economic Landscape Following the multiple exigencies of the recent past, the global economy appears to have stabilised this year, albeit with geopolitical risks remaining on the horizon. The G-20 economies displayed different growth rates in the first quarter of the year, with some growing more rapidly than…
A new partnership with Middle Earth
As many as 28 nations bordering the Mediterranean Sea were recently represented in a new partnership between India and the region. Businesses from both sides explored potential cooperation in defence production, maritime and manufacturing, among others. Historic Trade Synergies Between India and the Mediterranean Ancient synergies have marked the traditional…
Smart industrial cities can propel India towards its export targets
India’s recent policy decision to create 12 smart industrial cities under the National Industrial Corridor Development Programme (NICDP) looks set to transform Indian manufacturing and create significant employment. The policy will play a significant part in promoting India’s export capabilities and also help boost the country’s share in global value…
A strategy for securing critical minerals
Advanced materials, critical minerals and metals are revolutionising nations’ progress as they are widely employed in both industrial and strategic sectors. From renewable energy to electronics and healthcare, these materials are essential for innovation and play a crucial role in addressing key socio-economic challenges, such as climate change and improved…
A holistic budget with measures for inclusive economic growth
The Union Budget 2024-25 presents comprehensive, outcome-based and sector-specific measures that will accelerate India’s growth trajectory in an inclusive and sustainable manner. Moreover, this has been done with attention to macroeconomic stability and fiscal prudence, adhering to a path of fiscal consolidation, with the fiscal deficit pegged at 4.9% for…