Browsing CategoryEconomy

As India prepares for the Union Budget 2026–27, the moment calls for a decisive shift from incremental tax changes to deep, structural reforms in tax administration. In an increasingly competitive global environment, a predictable, efficient, and non adversarial tax regime is no longer merely an enabler of compliance; it is…

The total investment in R&D in India is estimated at about Rs 1.3 trillion in 2023-24 with about 57.0 per cent of funding from public sources. Close to 60.0 per cent of this Government funding is by strategic departments of the Government which include the Defence Research and Development Organization…

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…

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,…

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…

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…

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…

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…

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’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…