Other Briefings
India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation
India’s interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to taxation. We round up the key provisions laid out in the budget and the fiscal data provided by Finance Minister Nirmala Sitharaman.
India Cuts Import Duty on Mobile Phone Components from 15% to 10%
In a bid to expand local mobile phone manufacturing, India has lowered import duty on mobile phone components from 15 percent to 10 percent. The move will benefit companies like Apple and Xiaomi and potentially result in a 3-5 percent price drop, benefiting end customers.
Ahead of Interim Budget and in an Election Year, India’s Chief Economic Advisor Releases a State of the Economy Report
The report is not an annual economy survey, but a state of the Indian economy report released in an election year. The timing makes it political statement and affirming the progress made by the incumbent Modi government.
How Tamil Nadu’s Footwear Industry is Competing with Southeast Asian Markets
The footwear industry in the South Indian state of Tamil Nadu is getting ready to compete with SEA markets and neighbors like Bangladesh. Since announcing its Footwear and Leather Products Policy 2022, the state has attracted several manufacturing investment proposals, including from vendors to major market players like Adidas, Nike, and Crocs.
GIFT City’s Rising Profile: Government of India Emphasizes Key Progress Ahead of Interim Budget 2024
As an emerging financial services hub in India, the GIFT City IFSC at Gujarat has benefited from liberalized capital and tax rules. The GIFT City is also a major focus of the central and state governments, and will facilitate fintech innovation in India and wider access to global capital markets.
India’s 2024 Pre-Interim Budget: What Businesses and Investors Want
Industry stakeholders, businesses, and investors have all shared their wish list of expectations with the government ahead of the interim budget announcement, scheduled for February 1, 2024. We discuss these expectations and explain the limited scope of the budget announcement till the next government is formed following the general elections.
The Draft Delhi Industrial & Economic Development Policy 2023–33
The Draft Delhi Industrial & Economic Development Policy 2023–33 lists eight focus sectors and multiple thrust areas to achieve high-tech and sustainable transformation in the city. Feedback to the policy white paper closed on December 31, 2023.
Business Opportunities in India’s Green Tech Market
India’s population growth and expanding economy drive the demand for green tech solutions, addressing resource consumption, carbon emissions, environmental pollution, and waste treatment. Foreign sustainability enterprises can tap into a burgeoning market supported by government incentives.
