Indian stock markets are predicted to remain in a corrective to consolidation phase for the next few months due to rising US interest rates, fiscal deficits, inflation, and deglobalisation trends. Market volatility is also impacted by Japan's monetary policy changes and ongoing foreign institutional investor outflows.
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India's net direct tax collections for the fiscal year have increased by 13.13% to over Rs 21.26 lakh crore, driven by higher advance tax collections. Corporate tax collections rose by 12.54%, while non-corporate tax collections, including personal income tax, surged by 20.47%. Meanwhile, the Securities Transaction Tax (STT) saw a nearly 56% increase.
In 2024, the internet and e-commerce sector led in pay across all levels, with top executives earning an average of Rs 37 lakh. Professional services, business consulting, and media closely followed. Healthcare topped senior and middle-level pay due to digital integration and job growth. Bengaluru emerged as the top talent hotspot, while Mumbai excelled in senior-level salaries. Tier-2 cities Bhopal, Mysore, and Kanpur showed impressive growth in junior-level roles.
One in five ultra-wealthy Indians with net worth over Rs 25 crore consider settling abroad for better investment and tax advantages, according to Kotak Mahindra Bank’s survey. A significant number are acquiring overseas real estate and diversifying portfolios globally. Succession planning and healthcare spending are rising priorities, driven by the pandemic. Education and collectibles also see increased interest.
India is discontinuing medium- and long-term options of its gold monetisation scheme due to evolving market conditions. From March 26, 2025, only short-term deposits will be accepted based on commercial viability. This move aims to reduce financial commitments and mitigate risks from gold price fluctuations. Existing deposits will remain intact until maturity.
Commerce and Industry Minister Piyush Goyal urged industries to reduce protectionism and emphasized dealing with the world from a position of strength. He assured that the government is actively working to protect exporters, especially amid concerns over high tariffs imposed by countries like the US, the UK, and the EU.
Vembu would take up a new role as the chief scientist, he said in a X post on Monday.
Chinese officials are exploring the possibility of Elon Musk acquiring TikTok's US operations if the platform faces a ban, preferring it remains under ByteDance's ownership. Senior officials are debating contingency plans while ByteDance contests the ban in the Supreme Court. Negotiations involve complex geopolitical and financial factors, with Musk's involvement seen as strategically favorable.
Analysing Budget 2025 and how finance minister Nirmala Sitharaman's budget has had a fallout on markets; how can investors balance risks in evolving financial landscape
Union minister Ashwini Vaishnaw says the world views India as a global production hub and technology co-creation destination, with substantial investor interest across various sectors. He highlights strong US-India ties and the unified investment-friendly stance of NDA and Opposition ruled states presented at Davos.
Traditional jobs such as farmworkers and delivery drivers are expected to grow the most in numbers, while tech jobs, particularly in AI and machine learning, will see the highest demand in skills. Economic and technological changes could result in displacement of 8% of the workforce, but also create 14% new jobs.