India’s leading corporates may double spending and capital expenditure over the next five years, driven by rising revenues and profits, a report said on Tuesday. The report by ratings firm S&P Global Ratings noted similarities to China’s corporate growth in the 2000s and India’s corporate growth, highlighting that a huge revenue surge is expected for…
NITI Aayog CEO B.V.R. Subrahmanyam on Friday released the first working paper on tax policy, stressing that a stable, certain, and predictable tax system is critical for boosting investment, creating jobs, and driving India’s economic growth. Speaking at the release, Subrahmanyam said that uncertainty in tax laws discourages businesses and investors. “Uncertainty is not good…
Union Minister Shivraj Singh Chouhan on Saturday lauded India’s latest GDP figures, calling the nation a ‘long live economy’ in the face of global economic challenges. The minister highlighted that steadfast leadership, precise policies, and farsighted decisions have yielded historic results. “When leadership is steadfast, policies are precise, and decisions are farsighted, then the results…
In a significant boost to investor confidence, S&P Global Ratings has upgraded India’s long-term unsolicited sovereign credit rating to ‘BBB’ from ‘BBB-‘, while also raising the short-term rating to ‘A-2’ from ‘A-3’. The outlook on the long-term rating remains stable, reflecting optimism around India’s policy continuity, robust economic growth, and improved fiscal management. Alongside the…
NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world’s fourth-largest economy, citing data by the International Monetary Fund. Addressing a press conference of the 10th NITI Aayog Governing Council Meeting on ‘Viksit Rajya for Viksit Bharat 2047’, Subrahmanyam stated that India’s economy has reached the USD…