Finance Minister Nirmala Sitharaman announces imminent reductions in GST rates and rationalization of tax slabs, with the review process in its final stages, aiming to simplify the tax structure and promote economic growth.
Arvind Panagariya, Chairman of the 16th Finance Commission, has expressed confidence in India’s trajectory toward becoming a $10 trillion economy within the next decade. Speaking at the 49th Civil Accounts Day celebrations in New Delhi, Panagariya highlighted India’s robust economic performance over the past two decades, noting an average annual growth rate of
The World Bank has acknowledged India’s strong economic performance, describing it as a “shining light in the world” and “the best place to invest.” This recognition comes amid global economic uncertainties, positioning India as a key attraction for investors and policymakers. India’s Economic Growth Amidst Global Slowdown Despite the
India’s retail inflation eased to 5.22% in December, hitting a four-month low and remaining within the Reserve Bank of India’s (RBI) comfort zone of 2-6%. This decline is attributed to falling food prices and improved supply chains, offering relief to policymakers and consumers alike. Food Prices Drive Inflation Decline The primary factor behind the dip […]
