India’s GST system is too complicated and has far too many slabs. A simpler regime with fewer, lower rates will improve compliance, lower prices, increase consumption demand and, most importantly, not cost the government an arm and a leg to implement.
GST collections are showing a growth trend; auto, FMCG, consumer durables and steel demand is up; many companies are stepping up investments in anticipation of better times ahead.
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An investment expert expands on the various factors that make India a preferred emerging market for foreign investors. Highlights: Favourable demographics, urbanisation and the increasing size of the middle-class population are the macro drivers make India a favourable investment destination. India is benefiting from structural and economic change, courtesy of a pro-business Prime Minister, Narendra Modi. The long-term investment case for India is both strong and compelling. There are no two ways about it – if you are investing [...]
An expert analyses the drastic changes in the Indian warehouse market in 2017-2019 and how these trends will further evolve in the coming year. Highlights: The competitiveness of the online market has made it necessary for logistic companies to facilitate faster delivery to customers. Warehouses are being delivered and being automated to reach the markets even faster than their competitors. 2020 looks like a year where the realty sector will more than make up with quality A-grade warehouse demand. [...]
As India’s General Elections get underway, a closer look at Prime Minister Narendra Modi’s report card on the economy and the social sector shows he does have a good story to sell to his electorate. The war drums are reaching a deafening crescendo heralding the start of the greatest show on earth – when 900 million Indians get together to elect the government that will define the destiny of one-sixth of the world’s population. The Bharatiya Janata Party (BJP)-led 30-party [...]
The Indian Budget will give confidence to foreign investors that Indian Prime Minister Narendra Modi’s deep structural reforms and four-and-a-half years of hard graft cleaning up the economy are paying dividends. It will also give a much-needed fillip to demand whilst maintaining the holy grail of fiscal prudence. Balancing fiscal prudence and political populism is an extremely difficult task but Indian Prime Minister Narendra Modi and Finance Minister Piyush Goyal have successfully walked the tightrope while presenting the Budget in [...]
The Indian Budget will give foreign investors much to cheer and boost Modi’s re-election prospects, writes India Inc. Founder & CEO Manoj Ladwa. Budget 2019 could, in the final analysis, be the proverbial last-ball six that seals a hard-fought cricket match. In the run-up to the Narendra Modi government’s last Budget before the Lok Sabha elections due in three months, there was much speculation over its fine print, with some analysts predicting a please-all giveaway festival aimed at garnering votes [...]
The early indications are that GST has led to a rise in revenue collections and shrunk the shadow market; this is leading to a massive formalisation of the Indian economy, which will generate huge demand for fintech products and services. In April this year, Goods and Service Tax (GST) collections in India crossed the Rs 1 lakh crore ($15 billion or Rs 1 trillion) mark. But that proved to be a one-off. Collections in the subsequent two months are in [...]
The self-defeating tariff war between the US and China comes at a time when India has adopted a more liberalised approach writes India Inc. CEO Manoj Ladwa. US President Donald Trump has fired his opening salvos in what could escalate into a full blown trade war between the US and China, the world’s two largest economies. This is ironical and, in my opinion and in the opinions of millions of people around the world, self-defeating and, potentially, ruinous for the [...]