The much-anticipated Goods and Services Tax (GST) 2.0 marks a defining moment in India’s economic journey. Far beyond a fiscal adjustment, it is a bold reform aimed at catalyzing domestic consumption, stimulating private investment, and accelerating GDP growth. Coupled with earlier cuts in income tax rates, the GST rationalization comes…
Browsing CategoryEconomy
Treat Employment as National Priority
India is the most populous and one of the youngest countries in the world. CII estimates suggest that over the next 25 years, India will add around 133 million people to its working-age population (15–64 years), which is close to 18 per cent of the total incremental global workforce. However,…
BUILDING A VIKSIT BHARAT
The Indian economy is expected to grow between 6.4 and 6.7 per cent in FY26, according to the estimates of the CII Growth Model. Thus, India is likely to remain the world’s fastest growing big economy this year as well. This is an indicator of our country’s remarkable resilience amid…
Next Generation Reforms Required for Leapfrogging India’s Growth
In a world fraught with uncertainty, fragmentation, and shifting global economic alignments, India stands at a critical juncture. The global trading order, once predicated on integration and the free flow of goods, capital, and people, now teeters on the edge of reversal. Geo-economic fragmentation is no longer a theoretical risk…
Next Generation Financial Sector Reforms for Growth
A well-functioning and vibrant financial sector serves as a bedrock for economic progress and is a key pillar which would help the country fulfil its economic ambitions of becoming a US$5 trillion economy in near future. The sector has ably supported the country to achieve a remarkable turnaround in growth…
What Does The Budget Say About Direct Taxes?
The Union Budget 2025-26 has been recognised for its pragmatic, prudent and pro-growth stance. India’s journey through the Amrit Kaal will be defined by the way the budget is executed, funds disbursed and facilitation of powerful engines such as agriculture, MSME, investment and exports. Buoyant Direct Tax Revenues Supporting The…
UNION BUDGET 2025-26: TAX REFORMS WISHLIST FOR EASE OF DOING BUSINESS
The upcoming Union Budget 2025-26 is set to usher in a new era of tax simplicity in the country’s taxation system, by streamlining tax filing processes, making tax filing easier for citizens, reducing compliance burdens and expanding the tax base. Comprehensive Review of the Income Tax Act In pursuance of…
CII Recommendations for India’s Priority Sector Lending Framework
CII’s Call for Reforms in PSL Framework The Confederation of Indian Industry (CII) has proposed reforms in India’s Priority Sector Lending (PSL) framework and has asked for more Development Finance Institutions (DFI). The Importance of Priority Sector Lending Priority Sector Lending (PSL) is a vital policy tool in India, aimed…
Reshaping India’s Urban Landscape: A Catalyst for Prosperity
India is one of the world’s fastest-growing economies, poised to become a developed nation with a GDP of USD 30 trillion by 2047. Urbanization is at the centre of this growth story, with cities playing a pivotal role in achieving the ambitious goal. The bustling metropolises, with their potential to…
Key Trends and Industry Sentiments: Insights from CII’s 128th Business Outlook Survey
The Business Outlook Survey by CII (Confederation of Indian Industries) is a quarterly update on the prevailing industry sentiments on multiple parameters, as well as a general outlook for the economy. Over the years, the report has come to become a vital resource in discussions surrounding the Indian economy. The…