How Festivals Boost India’s GDP
Did you know that India’s festival season generates an incredible ₹4.25 trillion ($50.57 billion) each year? This accounts for nearly 9-10% of the country’s GDP. In 2024, Indian festivals are expected to bring in ₹75 billion, making them one…
GST 2.0 – Balancing Growth and Fiscal Prudence
Introduction India’s Goods and Services Tax (GST) was introduced in 2017 as a historic reform toreplace a complex web of indirect taxes with a unified, destination-based tax system. Overtime, GST improved transparency, boosted compliance, and enhanced…
India’s Youth Unemployment Crisis
Introduction Untapped Potential vs. Alarming Reality. India now has the world’s largest youth population, with an estimated 371 million people aged 15 to 29, accounting for 27% of the country’s population. In theory, this “demographic dividend”…
Geopolitical Events and the Global Economy
Introduction “In today’s world, wars are not only fought on battlefields but also in trade, technology, and supply chains.” This is more than a slogan; it captures the new logic of global economic risk. Political tensions, trade disputes, sanctions, and…
India’s 100-Day Reform Plan: Unlocking Growth and Investment
India’s 100-day reform plan represents a landmark economic strategy aimed at reshaping the country’s growth trajectory. Announced by Prime Minister Narendra Modi and deliberated with top ministers. NITI Aayog members and the Economic Advisory Council,…
GST RATE RATIONALISATION
Introduction The Goods and Services Tax (GST), introduced in India on 1st July 2017, was envisioned as a landmark reform aimed at unifying the indirect taxation system under the principle of “One Nation, One Tax, One Market.” However, despite its success…