Other Briefings
Financial Status of India’s Top States in FY25: GST Collections to be Robust
According to a report, Indian states’ revenue collection will be primarily driven by robust GST collections and the devolution of finances from the central government in FY 2024-25.
India to Fund AI Computing Infrastructure with 10,000 GPUs
At the INDIAai Summit 2024, Union Minister of Electronics and IT, Ashwini Vaishnaw said the country will invest in an AI computing infrastructure with at least 10,000 graphics processing units.
Andhra Pradesh Reignites Amaravati Capital City Ambition
The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana’s bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.
Hyundai India’s Strategic IPO Entry to Strengthen Position in the Domestic EV Market
Hyundai India’s IPO listing is anticipated to be the largest ever in the Indian market, valued at US$2.9 billion. Investment banks like Citi, JP Morgan, HSBC, Morgan Stanley, and Kotak are advising Hyundai on the IPO entry.
India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions
India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.
India’s Standing in the Emerging Asia Manufacturing Index 2024
According to the Emerging Asia Manufacturing Index 2024 published by Dezan Shira & Associates, India ranks highly on three indicators, namely, workforce, economy, and business environment. We contextualize the findings and discuss recent developments.
GST Council’s 53rd Meeting: Key Recommendations
The 53rd GST Council meeting held on June 22, 2024 recommended several measures to lessen the tax and legal burdens on taxpayers in India and facilitate trade. These recommendations will be implemented once the relevant circulars, notifications, or law amendments are issued, which will have legal force.
FDI in India FY 2023-24: Top State and Sector Beneficiaries
We discuss which Indian states and sectors received the most foreign direct investment (FDI) in FY 2023-24 and explain key trends observed. Overall, Maharashtra, Gujarat, and Karnataka remained top destinations while computer software and hardware and the services remained top sector beneficiaries.
