Analyzing India's Union Budget 2024-2025: Implications and Opportunities for Your Business

As the much-anticipated 2024 general election concludes, the National Democratic Alliance (NDA), led by Prime Minister Narendra Modi, has won its third term. Investors are now turning their attention to the upcoming Union Budget 2024-25, announced on July 23.

With this budget announcement, major efforts are expected to focus on measures to encourage economic growth, simplify tax processes, and introduce PLI schemes and FDI reforms in key sectors such as electronics, IT, automotive, and clean tech, among others, to position India as a top investment destination.

This budget is likely to prioritise key areas such as strengthening the digital ecosystem through the implementation and amendment of the much-awaited Digital Personal Data Protection Act, continuing CAPEX with an emphasis on infrastructure, addressing pressing issues such as inflation, and introducing policy reforms to bolster MSMEs (micro, small, and medium enterprises) in line with the vision of achieving a $USD 7 trillion economy by 2030.

On July 31, Rohit Kapur, Managing Director, Dezan Shira and Associates - India discussed the key announcements of the budget, the impact on foreign companies doing business in India while outlining key aspects of India’s investor-friendly business ecosystem. By decoding the budget announcements and their implications. This webinar was aimed to spotlight major economic developments to help in your India business expansion strategy. During the session, Rohit also shed light and shared his valuable insights on India's growing business landscape and investment opportunities.

Rohit addressed the following topcis:

• India's Economic Performance
• Direct and Indirect Tax Highlights and Changes
• Key Policy Announcements and Updates
• Advantage India
• Q&A

If you would like to get in touch with the speaker, or have any questions regarding the topics of the session, please contact Ashna Kohli, Jr. Associate - International Business Advisory, India at Ashna.kohli@dezshira.com

This Event occurred on Wednesday, July 31, 2024. If you were unable to attend it, you can still benefit from these resources that will help you review or discover more: