Defending Prime Minister Narendra Modi’s appeal to conserve foreign exchange, Union Finance Minister Nirmala Sitharaman said the Indian economy is resilient but the West Asia crisis is exerting pressure on its foreign exchange outgo due to high crude oil, fertiliser and gold prices amid the ongoing conflict.
India’s economic messaging has undergone a subtle but unmistakable shift over the past week.
The Centre has sharply raised import duty on gold, silver and platinum as geopolitical tensions and rising import costs put pressure on India’s external account.
New leadership at India’s policy think tank blends economic depth and scientific expertise, with key appointments highlighting Bengal’s continued influence in national governance and institution-building.
Morgan Stanley sees Indian equities entering a recovery phase with improving earnings and low valuations, projecting a sharp upside for Sensex over the next two years.
Talking about the recalibration of the Securities Transaction Tax (STT) mentioned in the budget, BSE's MD and CEO Sundararaman Ramamurthy said that it is designed to discourage speculation and encourage investor focus on long-term equity participation.
A recent Supreme Court judgment on the taxation of a high-profile foreign investment exit has reopened an old and uncomfortable debate in India’s economic journey: how far can sovereign tax authority stretch before it begins to undermine investor confidence.
The Budget comes at a time when India remains one of the fastest-growing major economies, even as global growth moderates due to geopolitical uncertainties, tight financial conditions and slowing demand in key markets.
Ramesh raised two major concerns that could undermine the Budget’s credibility
That reform burst is of course also a must, if North Bloc’s Mandarins wish to push the country’s GDP to grow by the projected 6.8 and 7.2 per cent, despite the fact that the larger global economy remains buffeted by protectionist tariffs, and geopolitical friction.
