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Summary:

India is projected to become the world's fourth-largest economy by 2026, surpassing Japan, with growth rates of 6.8% in FY25 and 7.7% in FY26, according to PHDCCI. The business association attributes this growth to strong macroeconomic fundamentals and advocates for raising the income tax exemption limit to ₹10 lakh, revising peak rates for higher incomes, and reducing interest rates when inflation declines.

 

It proposes a five-pronged strategy for growth: increasing capital spending, improving ease of doing business, reducing business costs, prioritizing labor-intensive manufacturing, and strengthening integration into global value chains. India’s proactive government reforms and favorable investment climate have fueled its development, distinguishing it from slower-growing economies. To ensure sustainable growth, key focus areas include agriculture, fintech, semiconductors, renewable energy, health, and insurance.

 

Source: IBEF 

 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.

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