The PHD Chamber of Commerce and Industry (PHDCCI) has submitted its pre-Budget memorandum for the Union Budget 2026-27, urging the government to adopt a series of direct tax reforms, among others, aimed at bolstering manufacturing, innovation, and taxpayer compliance.
India's domestic demand environment remains favourable, supported by GST rationalisation and strong infrastructure spending, even as global trade uncertainties pose challenges, according to a report by ICICI Securities.
The slowdown in India's industrial output during the first half of the financial year 2025-26 (H1FY26) is expected to be offset by the Goods and Services Tax (GST) rationalisation, early arrival of the festive season, and lower inflation, according to a report by Bank of Baroda.
India's economy continues to gather pace, with recent government reforms and monetary measures expected to sustain growth momentum while keeping inflation in check, according to the Monthly Economic Review for September 2025 released by the Department of Economic Affairs, Ministry of Finance
Faced with US tariffs, India's leather and allied products industry are expected to see revenue decline 10-12 per cent this current fiscal, according to Crisil Ratings.
Referring to the tender for the purchase of high-end foreign cars, Chaturvedi questioned the rationale behind the decision, especially when Prime Minister Narendra Modi continues to advocate for the use of indigenous products under the 'Aatmanirbhar Bharat' initiative.
He also added that the arbitrary bans on older vehicles imposed earlier have been rationalised, ensuring fairness without compromising environmental goals.
CAIT has released its comprehensive "Research report on Diwali festival sales 2025", based on an extensive nationwide survey across 60 major distribution centres, including state capitals and Tier 2 & 3 cities, conducted by its research wing, CAIT Research & Trade Development Society.
Sales of Rs 5.40 lakh crore in goods and Rs 65 thousand crore in services across the country marked India's highest-ever Diwali season turnover, underscoring a historic surge in retail trade and consumer spending during the 2025 festive season.
The recent rationalisation of Goods and Services Tax (GST) is expected to add about 200 basis points to the revenue growth of India's organised apparel retail sector this fiscal, keeping it steady at 13-14 per cent for the second straight year, according to a Crisil Ratings report.
Speaking to ANI in Begusarai, Singh said, "Some people say that consuming 'Haram' is wrong in their religion. Islam says that consuming free food is 'Haram'. Are they not taking a 5 kg ration? Did both Hindus and Muslims not get Pradhanmantri Awas? Did both Hindus and Muslims not get toil
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Electronics & IT Minister Ashwini Vaishnaw on Saturday hailed the recent GST rate rationalisation as a major driver of economic momentum during this year's festive season.