The Finance Minister, while presenting her eighth consecutive Budget on February 1, 2025, unveiled a range of growth-enhancing measures that will go a long way in realizing India’s vision of a ‘Viksit Bharat’ by supporting inclusive growth and development, while promoting livelihoods and employment. Bold initiatives including the huge income…
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The budget will help drive India’s expansion in challenging times
Finance minister Nirmala Sitharaman has presented a strong Union budget for 2025-26. It comes at a time of high uncertainty linked to global events, slowing domestic demand and a challenging fiscal outlook. Not only does it recognize the challenges, but also lays a roadmap for strong, inclusive and sustainable economic…
Growth-oriented, Reform-focused & Fiscally Prudent
The budget comes at a time of heightened global uncertainty and geo-economic fragmentation. In this backdrop, finance minister Nirmala Sitharaman chose to deliver a growth-oriented and reform focused budget that kept the economy on a fiscally prudent path. The highlight of this year’s budget was the focus on encouraging consumption…
Budget 2025-26: Growth-oriented budget with focus on consumption and consolidation
Finance Minister Ms. Nirmala Sitharaman presented a holistic, inclusive and development-oriented budget focused on boosting economic growth and generating employment, supported by wide-ranging measures that invest in people, economy, and innovation. This year’s Budget focused on four powerful engines of growth, and introduced reforms for agriculture, MSMEs, investment, and exports. On the…
Industry 4.0 Adoption: Paving the Way for Indian Manufacturing
India is at the cusp of an industrial transformation fueled by Industry 4.0 technologies such as IoT, AI, robotics, and advanced analytics. The Confederation of Indian Industry (CII), in collaboration with KPMG, has presented a comprehensive report titled Industry 4.0 Adoption and Strategic Roadmap for Indian Manufacturing. This report provides…
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…
How Can Indian Businesses Create Resilient Global Value Chains?
In an increasingly interconnected world, the global economy is shaped by complex networks of production and trade, known as global value chains (GVCs). For Indian businesses, participating in and shaping resilient GVCs is critical for sustained growth, competitiveness, and economic development. However, the disruptions caused by events such as the…
CII Electronics Summit 2024: Strengthening India’s Electronics Ecosystem
The 7th CII Electronics Summit brought together policymakers, industry leaders, and innovators to explore strategies for advancing India’s electronics and semiconductor manufacturing sector. Themed “Vision to Reality: Unfolding the Electronics Manufacturing Journey in India,” the summit provided a platform for insightful discussions on challenges, opportunities, and the roadmap ahead. Investment…
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…
CII VLFM Success Story Book 2024: Transformative Journey of Visionary Leaders Creating Breakthrough Success
Launch of CII VLFM Success Story Book 2024 The Confederation of Indian Industry (CII) unveiled the VLFM Success Story Book 2024, a milestone publication marking its launch after six years and celebrating the impactful journeys undertaken by Visionary Leaders for Manufacturing (VLFM) participants across various sectors. Launched at the CII…