BUSINESS
FM provides a tax bonanza, but keeps to the fiscal consolidation path
The highlight of the first full Budget of the National Democratic Alliance government under the leadership of Prime Minister Narendra Modi was the rationalisation of tax rates
BUSINESS
Defence spending gets a boost with Rs 6.8 lakh crore allocation, as defence capex up 12.9%
Data shows that India has seen a steady rise in defence allocation since 2019, with capex creation 50 percent higher than the pre-pandemic period
BUSINESS
Govt budgets another bonanza dividend at Rs 2.56 lakh crore from RBI and state-run banks in FY26
This financial year the RBI dividend has helped keep the fiscal deficit in check despite a decline in nominal growth and a faster pick-up in revenue expenditure
BUSINESS
Nominal growth target set higher at 10.1%, income tax steals the show in FY26 Budget
The Indian economy performed below expectations in FY25. While the Budget had set a target if 10.5 percent growth for the fiscal, data released on January 7 showed that growth likely slipped to 9.7 percent for the year
BUSINESS
Capex target set at Rs 11.2 lakh crore for FY26, as income tax relief takes centre stage
The spending is in line with the median forecast of Rs 11.2 lakh crore of a Moneycontrol poll of 15 economists
BUSINESS
Finance Minister stays on fiscal consolidation path, pegs fiscal deficit at 4.4% of the GDP for FY26
The fiscal deficit number is in line with the MC poll of 15 economists which pegged it at 4.5 percent of the GDP
BUSINESS
What found mention and what didn’t in Economic Survey 2025 and cues for Budget 2025
Fiscal consolidation, which was a prominent theme in last year’s survey, only had a single mention in this survey, a detailed discussion on tariffs was also conspicuously absent
BUSINESS
India's April-December fiscal deficit at Rs 9.14 lakh crore or 56.7% of FY25 target
India’s fiscal deficit at Rs 8.5 lakh crore had crossed the half way mark in the first eight months of the year
BUSINESS
In 5 charts: What India needs to do to achieve Viksit Bharat @2047 goal?
Investment rate needs to rise by 2 percentage points, while literacy needs to go up by 20 percentage points. Energy consumption would need to rise fourfold
BUSINESS
India needs 8% growth for Viksit Bharat, road to 2047 goal goes from deregulation, Economic Survey 2025
Calling for Ease of Doing Business 2.0 reforms, the Economic Survey highlighted the need to achieve growth rates of 8 percent for a decade or two to achieve the goal of Viksit Bharat.
BUSINESS
Skilling can help India prepare its workforce for future in an AI-centric world, says Economic Survey 2025
Data from the periodic labour force survey shows that India’s urban unemployment rate declined further to 6.4 percent in the second quarter of the current fiscal compared with 6.6 percent in the previous quarter
BUSINESS
India must pull all stops wooing FDI and making itself more attractive, says Economic Survey 2025
At $42 billion, investment inflows in the first half of the fiscal were 26 percent higher than the year-ago period
BUSINESS
India’s external sector has held steady amidst unfavourable geopolitical conditions, says Economic Survey 2025
India expects its trade to rise further in the coming fiscal, as the country targets $1 trillion of exports
BUSINESS
Positive signs for inflation management, government measures crucial in stabilising inflation: Economic Survey 2025
Retail inflation was at 5.22 percent in December, as per data released on January 13. While inflation eased from 5.48 percent in the previous month and 6.2 percent in the month before, it remained above the 5 percent mark for a fourth consecutive month
BUSINESS
Economic Survey 2025 pegs FY26 growth at 6.3-6.8%
The first advance estimate for FY25 released in January was lower than the previous survey’s estimate of 6.5-7 percent growth and RBI's revised projection of 6.6 percent
BUSINESS
Social inequality lower in 2023-24 as SC, ST consumption rose faster: Govt data
In urban centres, the growth in consumption spending was faster for STs and OBCs, at 11.4 and 9.1 percent, respectively, compared to the general category.
BUSINESS
Consumption inequality rose in Jharkhand and Karnataka in 2023-24
While consumption inequality, or the gap between what the richest and poorest households spend on consumption, declined across the country, rural Karnataka and urban Jharkhand indicated a different trend, according to government data released on January 30
BUSINESS
India’s hotels and restaurant industry is a fifth of US and US market
The hotels and restaurants industry accounted for just 0.9 percent of the GDP in 2022-23, compared with 4.9 percent in the US and 6.4 percent in the UK
BUSINESS
As India eyes the concert economy, outdoor events account for 1-2% of GDP in UK, US
In 2023, for instance, outdoor events, including concerts and related travel and tourism opportunities, accounted for 1.6 percent of the GDP or $448 billion in the US
INDIA
Hosting the Olympics guarantees more medals and higher participation, even in subsequent events: MC Analysis
Analysis of the last 40 years shows host nations see an average medal tally increase of 137.6 percent compared to the four previous Olympics.
BUSINESS
US may have shelved digital currency plans, India and 43 countries are still at it
The number of countries experimenting with central bank digital currency has nearly doubled over the past three years, data from the Atlantic Council CBDC tracker shows
BUSINESS
India has been looking east when it comes to arms trade: MC Analysis
East and Southeast Asia emerged as the largest recipient of arms transfers in the National Democratic Alliance’s second term under Prime Minister Narendra Modi, accounting for two-thirds of India’s overall exports, as per the SIPRI Arms Transfer database analysis
BUSINESS
About 98% of India’s solar module exports were headed to the US in 2024, but Trump’s policies cloud future
The US's turnabout on green energy is likely to affect India’s exports, as the country accounted for nearly all of India’s solar module exports over the last three years, according to a Moneycontrol analysis.
BUSINESS
India’s formal employment had a mixed showing in November
Higher-paying formal employment rose in November, recovering from a seven-month low in November
