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The Government of India is in the process of revising rules for Special Economic Zones (SEZs) to allow exporters easier access to the domestic market. A panel comprising officials from the Ministry of Commerce & Industry, NITI Aayog, and representatives of exporters is working on a new framework aimed at improving the flexibility and competitiveness…
Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation (MoSPI), has highlighted that India’s inaugural household income survey will be a highly challenging undertaking. He stressed that public awareness campaigns and strict guarantees of anonymity will be key to encouraging participation. Given the sensitive nature of income-related questions, households’ trust will be crucial…
The Government GST Cuts Driving Consumption, Potential Boost GDP has said that the recent Goods and Services Tax (GST) rate cuts, implemented in late September, have been effectively passed on to consumers, leading to a visible uptick in household spending. Officials expect the surge in consumption to reflect positively in upcoming GDP growth figures. According…
World Bank Lowers India’s FY27 Growth Forecast to 6.3%, citing moderating investment momentum and persistent global headwinds. The multilateral lender also underscored the urgency of structural reforms to sustain long-term growth. Despite the downgrade, India remains one of the fastest-growing major economies, with the Bank expecting 6.5% growth in FY26, supported by robust domestic demand…