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According to a report by JLL India, the Indian real estate sector is poised for significant growth in the coming years, with projections of a 10 to 15 percent increase.
The target will be between 5.2% to 5.4% of gross domestic product for the year starting April 1, according to officials with knowledge of the matter
The finance ministry makes its projections for next year's tax collections based on how fast it thinks the Indian economy will grow in nominal terms. But if the experience of 2023-24 is anything to go by, the relationship that existed between the two seems to have become more complicated and could present a challenge in crunching the numbers for the 2024-25 interim Budget
Budget 2024: A number of initiatives, including increasing urea production capacity in the country and making available urea substitutes, are expected to bear fruit and reduce the government’s urea import bill
Union Budget: India is positioning itself to welcome Tesla, buoyed by efforts to ease import duties and facilitate the electric vehicle (EV) giant's potential investments. Tesla eyes India's burgeoning market, contemplating a manufacturing unit if import duties ease.