As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Union Budget on February 1, 2025, Deloitte has outlined its expectations for the upcoming fiscal year. The consultancy anticipates the government will prioritise measures to boost growth, address inflation, enhance exports, and continue its strong focus on infrastructure development. Deloitte Suggests Simplified Tax Compliance …
As per Deloitte’s Budget Expectations 2025 analysis report, India’s pharmaceutical sector has transformed into a global leader in drug and vaccine manufacturing, supplying medicines to over 200 countries. The government’s focus on innovation, particularly through initiatives like the PRIP scheme, has fueled growth, but challenges such as insufficient R&D funding and a fragmented regulatory system …
The Indian automobile industry has always been a good indicator of the country’s economic health, as it contributes to both economic growth and technological development. The two-wheeler segment, in particular, keeps seeing strong growth due to the rising middle class and India’s young population. Additionally, the increasing interest from companies in rural markets has further …
As India prepares for the Union Budget 2025, the financial services sector is keenly anticipating reforms that will enhance growth and sustainability. The finance minister will present the budget on February 1, 2025, amid a backdrop of strong economic performance, including a 7.6% real GDP growth in 2023-24, record-high foreign exchange reserves, and a rapidly …
The countdown for the Union Budget 2025 has begun. Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1, 2025, continuing the long-standing tradition. Despite some concerns about the date falling on a Saturday, previous budgets have also been presented on Saturdays. Stock Market on Budget Day The stock markets will be …
On January 08, 2025, the Indian rupee traded at 85.82 to the U.S. dollar, up nearly 0.01% against 85.72 at the previous close yesterday. The currency hit its all-time low of 85.84 on Monday. Dollar Strength Weakens Asian Currencies U.S. job openings data released on Tuesday showed a rise in jobs openings to 8.098 million, …
India’s Gross Domestic Product (GDP) is projected to grow at 6.4% in the fiscal year 2024-25, according to the first advance estimates released by the government on Tuesday. This represents a significant slowdown, marking a 4-year low and a sharp decline from the 8.2% growth recorded in FY24. Decline from Previous Estimates The projected GDP …
Brazil, the current presiding nation of BRICS, has officially announced Indonesia’s full membership in the bloc. This significant development follows the inclusion of Iran, Egypt, Ethiopia, and the UAE in 2023, marking a continued expansion for the group of developing economies. Indonesia, the world’s fourth-most populous country, finalised its membership decision in August 2023 but …
As per news reports, the National Real Estate Development Council (NAREDCO) has urged the government to increase the deduction on housing loan interest payments from ₹2 lakh to ₹5 lakh in the upcoming 2025 Budget. This proposal is aimed at boosting the flow of funds into the affordable housing sector. Housing Sector to Get Infrastructure …
Automobile retail sales in 2024 grew by 9% year-on-year, driven by strong demand for two-wheelers and passenger vehicles, despite a challenging business environment. Total vehicle registrations for the year reached 26,107,679 units, up from 23,928,293 units in 2023. This increase reflects a growth of 9%, as reported by the Federation of Automobile Dealers Associations (Fada). …
