Category: fiscal policy
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GST Rates and Economic Predictability: A Call for Stability
The Goods and Services Tax (GST), introduced as a landmark reform in India’s taxation system, aimed to simplify indirect taxes and create a unified market. While the framework is undoubtedly a significant improvement over the earlier regime, constant changes in GST rates have emerged as a pressing issue. These frequent…
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Reviving India’s Investment Climate
India’s economic growth story is deeply intertwined with its ability to attract investments, both domestic and foreign. However, recent trends indicate a worrying decline in domestic private investment, which directly impacts Foreign Direct Investment (FDI). This blog critically examines the interplay between sluggish demand, domestic and foreign investments, and the…
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India’s Fiscal Deficit: A Mid-Year Analysis of FY 2024-25
India’s fiscal deficit for April-October 2024-25 stands at ₹7.51 lakh crore, or 46.5% of the full-year target. This marginal increase from 45% during the same period last year reflects the complex dynamics of managing public finances in a growing economy. The government aims to reduce the fiscal deficit to 4.9%…
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