The number of unincorporated enterprises in India increased by 12.7% year-on-year to 73.4 million between October 2023 and September 2024, with women ownership of businesses rising. These enterprises created 10% more jobs, generating a gross value added of ₹18 lakh…
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Average annual employee compensation at unincorporated enterprises in India rose 13% to ₹1.4 lakh per head for the period October 2023-September 2024. Compensation growth varied across sectors, with manufacturing seeing the highest increase at 16.1%, followed by trade at 14%,…
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India Inc observed a decline in the turnover of top executives in 2024, with 117 managing directors or chief executive officers exiting positions across 2,528 NSE-listed companies. This downtrend reflects the broader industry slowdown and moderated post-pandemic boom, with a…
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Prime Minister Narendra Modi met with a group of eminent economists and thought leaders on Tuesday to discuss preparations for the Union Budget 2025-26 at NITI Aayog. The meeting focused on “Maintaining India’s growth momentum amid global uncertainty.” Modi emphasized…
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The nuances of direct and indirect taxes, their impact on consumers, and the complexity of GST rates are discussed in this article. It argues for tax simplification, explains the implications of high ‘sin goods’ taxes, and examines how corporate taxes…
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In October, the RBI intervened heavily in forward and spot currency markets with $44.5 billion to support the rupee. Despite significant foreign portfolio outflows and a rise in the US dollar, the rupee stabilized, demonstrating the central bank’s effective measures…
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