India Hikes PLI Budget for FY2025-26 to Boost Growth in Key Sectors

Industries

India's central government has increased the PLI budget for FY 2025-26, enhancing allocations for key sectors such as automobiles, IT electronics, and textiles.

Economy & Trade

India's FDI Soars by 26.4% in Q1 2024-25

India's FDI surged 26.4 percent to US$22.4 billion from April to June, marking the highest growth in over five quarters, driven by the manufacturing, financial services, communication, and energy sectors.

Human Resources & Payroll

A Guide to Minimum Wage in India in 2024

We answer some frequently asked questions foreign hiring managers may have regarding the minimum wage in India. Several states in India have updated their minimum wages as of October 2023.

Industries

ACC Battery Storage Manufacturing in India: Successful PLI Bids

We explain how the PLI scheme works and list the companies with successful bids and those put on a waitlist by the government.

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Economy & Trade

Economy & Trade

India's GDP Growth Projected at 6.5% for FY2024-25: Second Advance Estimates

Feb 28

As per the latest Second Advance Estimates of National Income, released by the National Statistics Office (NSO) on February 28, 2025, India's GDP is projected to grow by 6.5% in FY 2024–25.

 

Tax & Accounting

Tax & Accounting

Understanding the New Tax Residency Rules for NRIs

Feb 26

The Income Tax Bill 2025 introduces key changes to tax residency rules in India, impacting NRIs and PIOs by modifying stay duration thresholds, introducing deemed residency, and refining RNOR classification.

 

Legal & Regulatory

Legal & Regulatory

Biometric Authentication for GST in India: Everything You Need to Know

Mar 05

India now allows select GST registration applicants to complete biometric verification at GSK within their home state, effective March 3, 2025.

Industries

Industries

India Hikes PLI Budget for FY2025-26 to Boost Growth in Key Sectors

Mar 05

India's central government has increased the PLI budget for FY 2025-26, enhancing allocations for key sectors such as automobiles, IT electronics, and textiles.

 

HR & Payroll

HR & Payroll

India Offers Tax Relief for Foreign Tech Experts to Boost Electronics Manufacturing Sector

Feb 11

India has introduced a tax relief measure for highly skilled foreign engineers, tech experts, and support teams. This new policy will allow companies to bring in specialists, including those from China, for short-term assignments.

 

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