Other Briefings
Ongoing Red Sea Crisis Compels Global Shipping to Find New Routes
Amidst indiscriminate attacks by Houthi rebels on the Red Sea, we discuss how a new land corridor in the Middle East is being used to transport cargo and assess its long-term viability.
India-EFTA Close to Finalizing a Free Trade Agreement
Reports have emerged that India and the European Free Trade Association (EFTA) have come to an understanding regarding the Trade and Economic Partnership Agreement (TEPA), which has been under discussion since 2008.
Understanding Accelerated Depreciation of Solar Power Assets in India
Accelerated depreciation is a crucial driver of investments in the adoption of solar power in India, offering commercial and industrial consumers faster depreciation on solar power plant investments than traditional plants and machinery.
EV Sector in India: Production Capacity, Government Targets, and Market Performance
In this market brief, we discuss consumer purchasing trends in the automotive market and India’s steadily expanding EV production capacity. We spotlight top industry players and their manufacturing bases, as well as govt. incentives and targets to 2030.
Interim Budget Rounds Up Key Tax Reforms, Makes Case for Modi Re-Election
Finance Minister Nirmala Sitharaman rounded up the government’s recent tax measures in her 2024 interim budget, with no new changes to the tax regime, in a marked departure from 2019. We list some of the highlighted policy achievements in this brief and note a few extensions.
India’s Interim Budget 2024: No Populist Measures, No Changes to Taxation
India’s interim budget 2024, which is a vote on account, was presented on February 1, and contained no major policy changes or revisions to taxation. We round up the key provisions laid out in the budget and the fiscal data provided by Finance Minister Nirmala Sitharaman.
India Cuts Import Duty on Mobile Phone Components from 15% to 10%
In a bid to expand local mobile phone manufacturing, India has lowered import duty on mobile phone components from 15 percent to 10 percent. The move will benefit companies like Apple and Xiaomi and potentially result in a 3-5 percent price drop, benefiting end customers.
Ahead of Interim Budget and in an Election Year, India’s Chief Economic Advisor Releases a State of the Economy Report
The report is not an annual economy survey, but a state of the Indian economy report released in an election year. The timing makes it political statement and affirming the progress made by the incumbent Modi government.
