In contrast, Tamil Nadu has the highest number of factories per person, followed by Gujarat
The government is expected to focus more on operational efficiency, particularly in core-sector PSU, stocks that have seen significant growth in market capitalization as investors bet on the continued growth
However, India's insurance penetration remains a mere 3.7 percent, significantly below the global average of 7 percent.
While the government is doing all it can to pump prime infra development, why is there slack in private capex?
As Budget 2025-26 approaches, people expect tax relief and policies encouraging savings. Senior citizens hope for higher tax exemption limits, while the middle class seeks increased tax slabs and GST reconsideration. The salaried class desires relief under both tax regimes. Lower inflation and better incentives for mutual fund investments are also key expectations from the budget.
The Survey added that the construction of national highways has slowed down in 2024-25. Data shows that 5,853 km of national highway was constructed during April to December in FY25, while 6,215 km of NH was constructed in FY24 during the same period.
It also called for banks to banks to enhance their capabilities to meet the demands of new-age households and the digital economy
Despite the long-standing demand of the oil and gas industry, petroleum products including petrol, diesel, natural gas and aviation turbine fuel (ATF) have not been included under GST, on account of opposition from the state governments.
Although, India has maintained a clean track record of confidentiality with the budget, there were two times when the budget was leaked.
She (Sonia) simply said that the President must have been tired reading such a long speech, poor thing... I don't think she... I think she has utmost respect for her (President), says Priyanka.
These comments came when the central bank has been spending dollars heavily in the forex market to defend Indian rupee from falling sharply in the last few months.
The 2024-25 Economic Survey was tabled in Parliament on 31 January, marking the Budget Session's start. Chief Economic Adviser V. Anantha Nageswaran later shared insights. Traditionally, the survey precedes the Union Budget, except in election years when an interim statement is issued. Last year, a 'review' was presented on 31 January before the interim budget, while the full 2023-24 survey was unveiled in July after the new government took office.
The survey added that one of the primary factors behind Rupee's depreciation in 2024 has been the broad-based strengthening of dollar, at a time of geopolitical tensions in the Middle East and uncertainty around the US election.
The official document noted that India will need to implement innovative strategies and robust implementation plans to confront both the challenges posed by climate change and the need for sustainable development to take centre stage.
The Economic Survey 2024-25 makes a clear case for a shift in priorities in India’s climate action plan
The survey states that the government is working toward meeting the objectives of National Education Policy 2020 through a range of programmes and schemes.
It stated that coal has an important role to play in India’s sustainable development as relying primarily on renewable energy will make electricity unaffordable for the masses.
With the Union Budget around the corner, the real question is this: how will the government prioritize these reforms? What are the immediate steps that can be taken to accelerate India’s journey towards 8% growth?
The survey noted that in countries like the United States, China, Japan, and South Korea, private enterprises routinely contribute more than 70% of the total R&D spending in their respective economies.
Over the past four sessions, both benchmarks have surged by approximately 3%. Meanwhile, the broader markets saw even stronger gains, with the BSE MidCap and SmallCap indices climbing over 3.5% each.
FSCA has introduced new regulations that specifically enable payment aggregators to operate within GIFT City. These rules streamline the process for fintech entities wishing to offer payment services, especially for cross-border transactions
With a focus on enhancing local manufacturing, affordability, and accessibility, key industry players are urging the government to address critical issues that hinder the growth of India's EV ecosystem.
The President’s office believes it might be the case that these leaders have not acquainted themselves with the idiom and discourse in Indian languages such as Hindi, and thus formed a wrong impression, says the President's office.
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
Disparity in agriculture sector growth rates among states is attributed to crop diversification