New Delhi, December 2 : A recent report by EY India says enhanced government spending is vital for India's Viksit Bharat vision. It says achieving developed economy status requires 7 per cent plus sustained GDP growth and a robust fiscal framework. This requires a significant increase in the government's total expenditure to 35 per cent of GDP from the current …
India’s goal of becoming a $5 trillion economy by 2024-25 is likely to be set back by about 3-4 years in an ‘optimistic or business-as-usual’ scenario, and may have to wait till 2029-30 in a worst-case outcome, as per an EY India estimate. The IMF has projected a 9.5% GDP growth for India this fiscal, followed by an 8.5% growth …
Surprising everyone, especially the markets which closed with the biggest Budget-day gains of 5 per cent, the Union Budget 2021 left all taxes unchanged barring for some cess to fund the farm sector or increase any direct taxes. EY India’s Sudhir Kapadia said no major changes in the design or rates of direct taxation signals strong resolve to have stability …
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