After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]
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Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when she presents the full Budget in the middle of next month, according to three officials who are part of the policymaking team involved in the initial discussions […]
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In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components. This target implies doubling of value-addition from the current levels of 18-20 per cent in the case of electronics manufacturing through various incentive schemes. The target […]
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