Supporting this optimism is the HSBC final India Manufacturing Purchasing Managers Index, which has consistently remained above its long-run average and the crucial 50-mark, separating contraction from expansion, for nearly three years now. However, with the Bharatiya Janata Party (BJP) returning to the Centre through a coalition government, a crucial question has arisen: Will manufacturing … Read more
While unveiling the Interim Budget 2024 on February 1, Sitharaman announced an 11.1 per cent increase in capital expenditure (capex) for fiscal year 2024-25 (FY25), raising the allocation to ₹11.11 lakh crore to develop infrastructure projects. The infra-capex allocation was double the allocation 10 years ago. The key infra sectors including railways, road transport, and … Read more
Even though collation politics may make it challenging to pass legislation on the more ambitious parts of the government reform agenda in areas like agriculture, land, labour, and judicial, experts believe that no substantial policy changes could be proposed during the Budget. “We strongly believe (and hope) that there will not be substantial changes in … Read more