Business & Economy, taxes are necessary for building the physical and digital infrastructure driving India into its future, The momentum is with the new tax regime.

An income tax revamp is expected in the Union Budget. The Income Tax Act of 1961 will be rewritten. The aim? Make the laws concise, easy to follow, and reduce litigation. The momentum is with the new tax regime, introduced in 2020-21, which 72% of taxpayers now prefer, with many more likely to adopt it after the tax cuts in 2024. The new tax regime offers higher tax-free income, fewer deductions, and ease of filing. With next to no deductions and exemptions available in it, taxpayers are spared the cumbersome paperwork of proof submissions. Tax-free income levels are now at ₹7.75 lakh. If we look at the AY 2023-24 data from the Income Tax Department, we see that 70% tax filers reported a taxable income of 5 lakh or less, which means they had no tax liability1. Furthermore, 88% are under the ₹10 lakh limit, and 94% under ₹15 lakh. From this, we can deduce that nine in 10 taxpayers are either in a no-tax or a low-tax bracket. Most of them will choose the new regime going forward. And therefore, this provides us the opportunity to look at the behavioral shifts triggered by the new regime in the context of troubling new trends and suggest what more could be done. Here are three asks from the Union Budget as far as personal tax is considered. Ask #1 — Enhance The 30% Slab To ₹18 Lakh 21% Inflation But No Change In 30% Slab Slab Limit in 2020 Limit in 2025 Hike 0% ₹ 250,000 ₹ 300,000 20% 5% ₹ 500,000 ₹ 700,000 40% 10% ₹ 750,000 ₹ 1,000,000 33% 15% ₹ 1,000,000 ₹ 1,200,000 20% 20% ₹ 1,250,000 ₹ 1,500,000 20% 25% ₹ 1,500,000 - - 30% > ₹ 1,500,001 > ₹ 1,500,001 0% The 25% slab was discontinued. 21% calculated as CII growth from 301 to 363. The new regime was introduced in 2020. Since then, the Cost Inflation Index (CII) is up 20.59%. Most new regime brackets have been enhanced by at least 20%. Except one. The 30% slab is stuck at the ₹15 lakh level since the start. If we update it by 20%, it needs to be at ₹18 lakh. Without this update, taxpayers with higher income get burdened with a disproportionately higher share of the taxes. More on that in the next point. For the urban salaried—someone with high-interest EMIs, school-going children, and dependent family elders—a higher income compared to the average Indian may offer little consolation due to high inflation in healthcare, education, and costs of living. Such taxpayers, too, deserve some relief. Ask #2 — Fix The Brackets, Not Just Tax-Free Income To expand on the above point, this is also an ask to make the bracket enhancements secular. There are calls to increase tax-free income to ₹10 lakh from the current ₹7.75 lakh. Tax-free income has its benefits. But it is being enabled at the cost of taxpayers on the higher brackets that haven’t been adjusted for inflation for at least half a decade now. To put this into perspective, in AY 2023-24, the bottom 98%2 taxpayers accounted for only 23% of tax payments. The problem isn’t that the other 77% comes from just 2% of taxpayers. The problem is those 2% amount to barely 1.3 million taxpayers. Of them, just 91,000 filers alone—the top 0.1%—with incomes above ₹1 crore accounted for 58% of income tax collections3. Merely increasing tax-free income without bracket enhancement shifts the income tax burden on those with higher incomes. As per our calculations, all earners above ₹19 lakh are now paying excess taxes—which we calculated as the difference between inflation-adjusted taxes and actual taxes. For instance, basis the CII, a taxpayer with a taxable income of ₹25 lakh now pays ₹37,200 a year in excess taxes. Ask #3 – Provide A 30% Deduction, Fix The Incentives One of the key benefits of the new regime is the absence of deductions and exemptions. But five years later, we’re also seeing some troubling trends emerge. Life insurance penetration is dropping4. ELSS inflows are falling during some tremendous years for equity5. Among those surveyed by BankBazaar, fewer salaried respondents are interested in small savings schemes, and interest in NPS remains low6. We postulate that in the absence of tax deductions, interest in essential protections and long-term savings is declining. In the past year, we’ve had an economic slowdown, declining household savings, and stagnant incomes. Simultaneously, there’s increasing reliance on credit for consumption to a point where delinquencies have started to hurt. These are circumstances where low savings and protections can be particularly damaging for households. Excess Taxes Paid Without Inflation Adjustment Taxable Income Total Tax In 2020-21 Total Tax In 2024-25 Indexed Tax Should Be Excess Monthly Taxes ₹ 1,900,000 ₹ 319,800 ₹ 270,400 ₹ 265,179 ₹ 435 ₹ 2,000,000 ₹ 351,000 ₹ 301,600 ₹ 291,050 ₹ 879 ₹ 2,500,000 ₹ 507,000 ₹ 457,600 ₹ 420,405 ₹ 3,100 ₹ 3,000,000 ₹ 663,000 ₹ 613,600 ₹ 549,760 ₹ 5,320 ₹ 3,500,000 ₹ 819,000 ₹ 769,600 ₹ 679,116 ₹ 7,540 ₹ 4,000,000 ₹ 975,000 ₹ 925,600 ₹ 808,471 ₹ 9,761 ₹ 4,500,000 ₹ 1,131,000 ₹ 1,081,600 ₹ 937,826 ₹ 11,981 ₹ 5,000,000 ₹ 1,287,000 ₹ 1,237,600 ₹ 1,067,182 ₹ 14,202 Cost Inflation Index: 363 (2024-25) and 301 (2020-21). 2020-21 used as base year. The point can be made that deductions tied with the right incentives are necessary for fixing this problem. Traditionally, tax deductions have been linked to insurance and savings. The absence of one may be hurting the other. While the new regime had no deductions to start with, a few have now been added. More are needed. In the interest of simplification, a flat deduction of 30% of the gross income should be provided to include long-term savings, essential insurance, healthcare and education costs, and loan payments without confusing caps and sub-limits. The deduction can be capped at ₹15 lakh to ensure equity among income levels. The problem of tax rates also needs to be seen from the perspective of the government. Net income tax collections grew 25% last year. The share of direct taxes in total taxes has risen to a 14-year high of 56.72%, and the largest contributor to this growth is income tax, which provides 54% of all direct taxes. These taxes are necessary for building the physical and digital infrastructure driving India into its future. The government must ensure robust revenue generation. But with income tax, we are at an inflection point. Relief is due in some quarters. The writer is CEO, BankBazaar.com

Budget 2025: Beneath the rising new regime adoption, some issues that must be addressed

With just a few days to go before the budget, there is a growing debate on India's growth story. Indian stocks were a hot bet among international fund managers until a few months ago when benchmark indices repeatedly hit record highs.<o:p></o:p>
However, that mood has dwindled since late September. At one point, Indian stocks were considered a serious contender to China in the emerging market indexes. Such ambitions are now dwindling as the market is shaken by a slowing economy and foreign outflow. The rupee's value has dropped to new lows versus the dollar, and economic growth has slowed to a four-year low. Since the end of September, foreign funds have sold shares worth over 19 billion dollars in the nifty benchmark, which is poised for its worst monthly losing streak since 2001.<o:p></o:p>
Bloomberg Economics predicts that India's GDP growth in the March quarter might be cut by as much as 50 basis points due to the market selloff. As a result, household spending could be further dampened by the wealth depreciation that follows.&nbsp;This means the government is under even more pressure to turn things around before presenting the budget on February 1.<o:p></o:p>
<h2 class="MsoNormal">Indian stocks rage fading?<o:p></o:p></h2>
Chetan Seth, an Asian Pacific equity strategist at Nomura Holdings, said, "The unbridled enthusiasm in India has faded a bit."&nbsp;He added, "There are clearly more investors now who are asking difficult questions, and there is a healthy debate as opposed to no debate earlier on the India story."<o:p></o:p>
The stock market and corporate profits in India were both bolstered by the government's strong emphasis on infrastructure development and the consumer boom post-pandemic. As a result, the country was a favourite among global equities investors.&nbsp;The total value of firms included in the MSCI India index reached a record high, increasing by about 2 trillion dollars in just over two years.<o:p></o:p>
Just then, the growth story began to show signs of cracks. High inflation dampened demand in metropolitan areas in addition to discouraging the central bank from lowering rates. Investors started to doubt if Indian stocks were worth the premium they were trading at as corporate earnings started to decline.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Indian stocks were a hot bet among international fund managers until a few months ago when benchmark indices repeatedly hit record highs.

With just a few days to go before the budget, there is a growing debate on India's growth story. Indian stocks were a hot bet among international fund managers until a few months ago when benchmark indices repeatedly hit record highs. However, that mood has dwindled since late September. At one point, Indian stocks were considered a serious contender to China in the emerging market indexes. Such ambitions are now dwindling as the market is shaken by a slowing economy and foreign outflow. The rupee's value has dropped to new lows versus the dollar, and economic growth has slowed to a four-year low. Since the end of September, foreign funds have sold shares worth over 19 billion dollars in the nifty benchmark, which is poised for its worst monthly losing streak since 2001. Bloomberg Economics predicts that India's GDP growth in the March quarter might be cut by as much as 50 basis points due to the market selloff. As a result, household spending could be further dampened by the wealth depreciation that follows. This means the government is under even more pressure to turn things around before presenting the budget on February 1. Indian stocks rage fading? Chetan Seth, an Asian Pacific equity strategist at Nomura Holdings, said, "The unbridled enthusiasm in India has faded a bit." He added, "There are clearly more investors now who are asking difficult questions, and there is a healthy debate as opposed to no debate earlier on the India story." The stock market and corporate profits in India were both bolstered by the government's strong emphasis on infrastructure development and the consumer boom post-pandemic. As a result, the country was a favourite among global equities investors. The total value of firms included in the MSCI India index reached a record high, increasing by about 2 trillion dollars in just over two years. Just then, the growth story began to show signs of cracks. High inflation dampened demand in metropolitan areas in addition to discouraging the central bank from lowering rates. Investors started to doubt if Indian stocks were worth the premium they were trading at as corporate earnings started to decline. (With inputs from the agencies)

India's growth story faces scrutiny as markets slide ahead of Budget 2025

As Budget 2025 approaches, it’s time to spotlight a forgotten group: India’s senior citizens. After decades of paying taxes and contributing to nation-building, they now face rising medical costs, no social security, and unfair taxes on essentials like health insurance, life insurance, and annuities. Will the government finally address their struggles and honor their lifetime of contributions? Take a look at this report to find out more.

India Budget 2025: India's $2 trillion stock rally stumbles

India Budget 2025: Spotlight on Seniors

US President Donald Trump's recent executive orders, signed on the first night of his second presidency, outline a protectionist 'America first trade policy.' This includes imposing global "supplemental tariffs" and threatening a 100 per cent tariff on BRICS nations, including India, if they reduce reliance on the US dollar for foreign trade. &nbsp;&nbsp;
<h2>Will Trump 2.0 impact India's budget?</h2>
Economists believe these measures will have minimal immediate impact on India's budget. The Indian government had already anticipated potential tariff changes when the US election results were announced in November, factoring in these risks during the budget preparation process.&nbsp;
India's finance minister, Nirmala Sitharaman, is expected to maintain a calibrated approach in the upcoming budget, balancing domestic competitiveness and global trade integration. Economists suggest that tariff-related adjustments, including import duties, will not be drastic. While Trump&rsquo;s tariffs may raise global inflation, the Indian government will likely keep input costs in check without making major changes to import duties. &nbsp;&nbsp;
India's long-term commitments in climate and health-related areas are also expected to remain unaffected by US Policy shifts.&nbsp;
While the US has announced 25 per cent tariffs on imports from Mexico and Canada starting February 1, economists point out that the impact on commodity prices could affect India's inflation rates. &nbsp;&nbsp;
Experts like Madan Sabnavis note that higher labour costs in the US could drive up wages, influencing global prices. India is already evaluating responses, including potential trade deals and tariff cuts, to mitigate the effects of these global trade policies.&nbsp;

Business & Economy, India's finance minister, Nirmala Sitharaman, is expected to maintain a calibrated approach in the upcoming budget, India is already evaluating responses.

US President Donald Trump's recent executive orders, signed on the first night of his second presidency, outline a protectionist 'America first trade policy.' This includes imposing global "supplemental tariffs" and threatening a 100 per cent tariff on BRICS nations, including India, if they reduce reliance on the US dollar for foreign trade. Will Trump 2.0 impact India's budget? Economists believe these measures will have minimal immediate impact on India's budget. The Indian government had already anticipated potential tariff changes when the US election results were announced in November, factoring in these risks during the budget preparation process. India's finance minister, Nirmala Sitharaman, is expected to maintain a calibrated approach in the upcoming budget, balancing domestic competitiveness and global trade integration. Economists suggest that tariff-related adjustments, including import duties, will not be drastic. While Trump’s tariffs may raise global inflation, the Indian government will likely keep input costs in check without making major changes to import duties. India's long-term commitments in climate and health-related areas are also expected to remain unaffected by US Policy shifts. While the US has announced 25 per cent tariffs on imports from Mexico and Canada starting February 1, economists point out that the impact on commodity prices could affect India's inflation rates. Experts like Madan Sabnavis note that higher labour costs in the US could drive up wages, influencing global prices. India is already evaluating responses, including potential trade deals and tariff cuts, to mitigate the effects of these global trade policies.

Budget 2025: Managing global risks & domestic competitiveness

With the union budget and monetary policy announcement on the horizon, India faces a challenging economic environment marked by slowing urban demand, uncertain private investment, and global economic headwinds. In such a scenario, the incoming budget needs to put taxpayers first and rationalise their burden while steering growth effectively and keeping inflation under check.&nbsp; &nbsp; Rationalising revenue expenditure&nbsp; &nbsp; Much of the government's spending goes into revenue expenditures such as subsidies and interest payments, leaving little room for productive investments. Almost 60 per cent of this year's budgeted revenue expenditure has already been spent, compared with just 46 per cent of capital expenditure. Rationalising subsidies, especially the food subsidy programme, could free up funds for infrastructure and development projects that boost economic growth.&nbsp; &nbsp; Why focus on taxes?&nbsp; &nbsp; The momentum of urban consumption is weakening. Taxpayers, particularly the middle class, need relief in the form of revised tax slabs or lower rates to stimulate demand. Yet, broadening the tax base is equally vital: less than 7 per cent of Indians file returns, while 60 per cent report zero taxable income. A fairer design of tax may ensure that its burden is distributed more equitably and increase revenue. &nbsp; Why targeted capex is key&nbsp; &nbsp; Public capex is the harbinger of economic activity but cannot be unrealistic or inefficient. Whether it is the roads or the defence sector, the worrying figure of 16 per cent capex contraction stares at us during this fiscal year. Removing the bottlenecks in project execution and setting attainable capex targets will ensure infrastructure development on schedule, create employment, and galvanize growth.
Experts believe that its focus must be on backing growth while controlling inflation rather than defending the rupee. As food inflation has eased and core inflation hasn't changed, easing liquidity and policy rates could help stimulate economic activity without risking instability. &nbsp; &nbsp; For taxpayers, budget 2025 should signal fairness, efficiency, and a commitment to growth-driven fiscal responsibility.&nbsp;

Business & Economy, Rationalising subsidies, especially the food subsidy programme, could free up funds for infrastructure and development projects that boost economic growth. 

With the union budget and monetary policy announcement on the horizon, India faces a challenging economic environment marked by slowing urban demand, uncertain private investment, and global economic headwinds. In such a scenario, the incoming budget needs to put taxpayers first and rationalise their burden while steering growth effectively and keeping inflation under check. Rationalising revenue expenditure Much of the government's spending goes into revenue expenditures such as subsidies and interest payments, leaving little room for productive investments. Almost 60 per cent of this year's budgeted revenue expenditure has already been spent, compared with just 46 per cent of capital expenditure. Rationalising subsidies, especially the food subsidy programme, could free up funds for infrastructure and development projects that boost economic growth. Why focus on taxes? The momentum of urban consumption is weakening. Taxpayers, particularly the middle class, need relief in the form of revised tax slabs or lower rates to stimulate demand. Yet, broadening the tax base is equally vital: less than 7 per cent of Indians file returns, while 60 per cent report zero taxable income. A fairer design of tax may ensure that its burden is distributed more equitably and increase revenue. Why targeted capex is key Public capex is the harbinger of economic activity but cannot be unrealistic or inefficient. Whether it is the roads or the defence sector, the worrying figure of 16 per cent capex contraction stares at us during this fiscal year. Removing the bottlenecks in project execution and setting attainable capex targets will ensure infrastructure development on schedule, create employment, and galvanize growth. Experts believe that its focus must be on backing growth while controlling inflation rather than defending the rupee. As food inflation has eased and core inflation hasn't changed, easing liquidity and policy rates could help stimulate economic activity without risking instability. For taxpayers, budget 2025 should signal fairness, efficiency, and a commitment to growth-driven fiscal responsibility.

Budget 2025: Experts suggest income tax rationalisation

India will once again look at managing its finances in a disciplined manner. The budget on February 1 will likely show the government's commitment to bringing down the fiscal deficit again.&nbsp;
<h2>What exactly is the fiscal deficit?&nbsp;</h2>
It represents the gap between the government's income and expenditure. Think of it as the financial bridge between what the government earns and what it spends. The government is all set to achieve its target for this year.
Finance Minister Nirmala Sitharaman set the stage by announcing a bold fiscal deficit target of 4.9 per cent of GDP for this year &ndash; a significant drop from the previous year. So, how does the government cover the shortfall in revenue? The answer lies in strategic borrowing. The government floats government securities, issues bonds, and even taps into savings schemes to secure the necessary funds.
The Reserve Bank of India also transfers huge sums of money from the excess on its balance sheet. As we approach budget 2025, all eyes are on the finance minister's announcement. The finance commission recommended reducing the fiscal deficit further to 4.5 per cent by FY 2026. With the economic survey projecting GDP growth between 6-6.5 per cent, the government is poised to re-evaluate its fiscal strategy.
Data earlier this month indicated that the nominal growth for this fiscal year is 9.7 per cent, which is below the budget target of 10.5 per cent. India's real growth is projected to have decreased to 6.4 per cent, according to initial advance estimates.
This is due to an unexpected slowdown in the September quarter, during which growth reached a near two-year low of 5.4 per cent. Despite nominal growth data falling short of the objective set in budget 2024, experts predict that restrained capital spending and a surge in revenues will keep the deficit aim in control.

Business & Economy, India will once again look at managing its finances in a disciplined manner, Finance Minister Nirmala Sitharaman announced a bold fiscal deficit target.

India will once again look at managing its finances in a disciplined manner. The budget on February 1 will likely show the government's commitment to bringing down the fiscal deficit again. What exactly is the fiscal deficit? It represents the gap between the government's income and expenditure. Think of it as the financial bridge between what the government earns and what it spends. The government is all set to achieve its target for this year. Finance Minister Nirmala Sitharaman set the stage by announcing a bold fiscal deficit target of 4.9 per cent of GDP for this year – a significant drop from the previous year. So, how does the government cover the shortfall in revenue? The answer lies in strategic borrowing. The government floats government securities, issues bonds, and even taps into savings schemes to secure the necessary funds. The Reserve Bank of India also transfers huge sums of money from the excess on its balance sheet. As we approach budget 2025, all eyes are on the finance minister's announcement. The finance commission recommended reducing the fiscal deficit further to 4.5 per cent by FY 2026. With the economic survey projecting GDP growth between 6-6.5 per cent, the government is poised to re-evaluate its fiscal strategy. Data earlier this month indicated that the nominal growth for this fiscal year is 9.7 per cent, which is below the budget target of 10.5 per cent. India's real growth is projected to have decreased to 6.4 per cent, according to initial advance estimates. This is due to an unexpected slowdown in the September quarter, during which growth reached a near two-year low of 5.4 per cent. Despite nominal growth data falling short of the objective set in budget 2024, experts predict that restrained capital spending and a surge in revenues will keep the deficit aim in control.

Budget 2025: India aims to bring down fiscal deficit on track

US President Donald Trump's recent active orders are raising concerns about the potential impact on global trade. It's a tricky time for India to determine the country's budget. WION decodes how Trump 2.0 will impact India's budget.

India's budget braces for US tariffs

Expectations are high that the government will unveil a slew of goodies&mdash;in the form of tax cuts, capital expenditures, additional jobs, or some combination of these&mdash;to boost sentiment and help the economy overcome the speed-breaker that has stalled its growing momentum.
A significant number of Indians are showing their displeasure with income taxes on social media.
So, it's hard to ignore the growing chorus of voices demanding a change to India's tax system, which has remained unchanged for six decades.
Previous attempts in 2010 and 2019 failed. The Indian government plans to present a new income tax bill in the budget session.
The proposed legislation seeks to streamline the current income tax structure, decrease its length by approximately 60 per cent, and enhance its clarity.
Taxpayers would benefit from simplifying the present law's complex web of rules, sub-rules, clauses, sections, and subsections.
However, the change ought to have a specific objective. Any reform must guarantee equality, with the affluent and the poor, as well as present and future generations, bearing an equal share of the load.
New Delhi wants greater tax revenue and an expanded tax base. The middle class, though, is hoping for immediate assistance. The new tax code should do both in a delicate balancing act.
<h2>The tax base in India is too narrow.</h2>
About 63 per cent of those who filed their income tax returns last year &mdash; nearly 47 million people &mdash; paid nothing.
On the spectrum's opposite end are the forty thousand affluent, who each paid about 100,000 dollars. However, the wealthiest taxpayers pay less than 20 per cent of all income taxes.
The middle-class taxpayers are the ones whose opinions really count, politically at least. This is because they are responsible for carrying over 80 per cent of the tax load.
This group has recently been complaining about being ripped off&mdash;not just by the income tax but also whenever they spend money&mdash;whether it's on a new car or almost anything.
Complaints about the taxes paid on investment earnings are also a big grumble. Any announcement on the income tax rate changes will take centre stage in the budget.
Raising the threshold for exemptions and lowering the burden under the old and new tax systems is a hotly contested topic.
Inflation is a major problem. Will Sitharaman give any positive news for ordinary taxpayers?
The anxiety and speculation keep growing about what is ultimately going to come out of the budget.
(With the inputs from the agencies)

Business & Economy: India wants greater tax revenue and an expanded tax base. Many Indians are showing their displeasure with income taxes on social media.

Expectations are high that the government will unveil a slew of goodies—in the form of tax cuts, capital expenditures, additional jobs, or some combination of these—to boost sentiment and help the economy overcome the speed-breaker that has stalled its growing momentum. A significant number of Indians are showing their displeasure with income taxes on social media. So, it's hard to ignore the growing chorus of voices demanding a change to India's tax system, which has remained unchanged for six decades. Previous attempts in 2010 and 2019 failed. The Indian government plans to present a new income tax bill in the budget session. The proposed legislation seeks to streamline the current income tax structure, decrease its length by approximately 60 per cent, and enhance its clarity. Taxpayers would benefit from simplifying the present law's complex web of rules, sub-rules, clauses, sections, and subsections. However, the change ought to have a specific objective. Any reform must guarantee equality, with the affluent and the poor, as well as present and future generations, bearing an equal share of the load. New Delhi wants greater tax revenue and an expanded tax base. The middle class, though, is hoping for immediate assistance. The new tax code should do both in a delicate balancing act. The tax base in India is too narrow. About 63 per cent of those who filed their income tax returns last year — nearly 47 million people — paid nothing. On the spectrum's opposite end are the forty thousand affluent, who each paid about 100,000 dollars. However, the wealthiest taxpayers pay less than 20 per cent of all income taxes. The middle-class taxpayers are the ones whose opinions really count, politically at least. This is because they are responsible for carrying over 80 per cent of the tax load. This group has recently been complaining about being ripped off—not just by the income tax but also whenever they spend money—whether it's on a new car or almost anything. Complaints about the taxes paid on investment earnings are also a big grumble. Any announcement on the income tax rate changes will take centre stage in the budget. Raising the threshold for exemptions and lowering the burden under the old and new tax systems is a hotly contested topic. Inflation is a major problem. Will Sitharaman give any positive news for ordinary taxpayers? The anxiety and speculation keep growing about what is ultimately going to come out of the budget. (With the inputs from the agencies)

Budget 2025: Middle class hopes for relief as tax reform takes centre stage

Tax reforms dominate middle-class expectations as we await Budget 2025. The government is expected to unveil a slew of initiatives, including tax cuts, capital expenditures, and additional jobs, or some combination of these, to boost sentiment and help the economy overcome the speed-breaker that has stalled its growing momentum. Take a look at this budget report for more on this.

India Budget 2025: The focus in India's budget will be the policy on taxes

India Budget 2025: Calls for overhaul of 60-year-old tax code have risen

As India gears up to present its budget for the upcoming fiscal, micro, small and medium enterprises are in focus. With the sector contributing close to 30% of country's GDP, we look at the industry's wishlist in today's budget segment.

MSME Sector Wishlist: Rationalisation of GST structure

Will MSME sector get a boost from India's budget

India will once again look at managing its finances in a disciplined manner. The budget on February 1 will likely show the government's commitment to bringing down the fiscal deficit again. Look at our report as we decode the nuances of India's fiscal strategy for the upcoming financial year.

India to stay on fiscal consolidation path

India's budget will aim for fiscal discipline

Reports suggest India is set to revamp its tax landscape with a groundbreaking income tax bill expected in the 2025 budget session. The potentially bold move is aimed at modernizing and simplifying the six-decade-old income tax act of 1961. Reports also suggest the government plans to introduce an entirely new law rather than amending the existing one.

India Budget 2025: India to modernize tax code in 2025?

As the countdown to February 1 begins, all eyes are on Finance Minister Nirmala Sitharaman, who will present the Union Budget 2025.  
Indian markets are especially on the edge, given the direct impact on market sentiments.
Our next report looks at how this budget will play a pivotal role in boosting investor confidence.

Indian markets await budget 2025 for economic direction

Budget 2025 Focus Areas: Infrastructure, tax reforms, & incentives

Startups are in the spotlight as the Union Budget 2025 draws closer. From Ease of Doing Business to focus on advanced tech, here's what Indian startups expect from the Modi 3.0 administration. Take a look...

India Budget 2025: Startups pin high hopes on Union Budget 2025

India’s aspiration to be a global research and development hub is at odds with its current investment in innovation. Today, we take a closer look at the funding crisis and what it means for India’s economic and technological growth.

Can India grow smarter with 2025 budget?

Rising costs, stubborn inflation, and soaring taxes—India's middle class is feeling the pinch like never before. As Budget 2025 looms, the nation’s backbone demands an overhaul to ease their financial burdens. Here's our comprehensive report on their wishlist. Watch in for more details!

India Budget 2025: Middle class pins hopes on budget 2025

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