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.
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.
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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