Real estate developers have welcomed the implementation of the Goods and Services (GST) Tax. According to them, GST will greatly improve a fractured tax system and help create an integrated Indian market.
Tag: GDP
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India is on the cusp of large-scale urbanisation
Infrastructure status for affordable housing was a long-standing requirement of the sector. This move should boost the volume of construction activity across the country, which has been struggling with reduction in the number of projects being launched over the last few quarters.
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Areef Patel, Vice-Chairman, Patel Integrated Logistics Ltd
The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
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India’s oil demand growth rate to eclipse China’s
Oil consumption in India is expected to be 7-8 per cent this year, outpacing China's demand growth for the third consecutive year, as impact of demonetisation is likely to be short-lived, according to Platts.
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Goyal wants regulators to work with policymakers
Union Power minister Piyush Goyal said the impact on growth due to demonetisation was “temporary” and assured that “buoyancy would return” to the Indian economy soon.
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Big Data Knocks on the Doors of Real Estate
There were 5 Exabytes of information created between the dawn of civilization through 2003, but that much information is now created every two days,'that was Eric Schmidt, Google CEO, speaking at Google's 2010 Atmosphere Convention.
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Towards a Smarter India
India is unique in many ways. It is one of the oldest surviving civilisations and still promises to drive the world economy for many years to come. It has the potential to power global manufacturing and offer solutions to medical & educational needs of all of Asia - and the world.
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Bridging the Skills Gap
Political leaders the world over are considering infrastructure spending as a means for reviving economic potential. Economists have long established a direct link between infrastructure spending and overall economic growth. Oxford Economics and PwC have forecasted that global spending on infrastructure development will be around $78 trillion till 2025.
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A Sustainable Blueprint for Smart Cities
The Smart Cities Mission ensures that systems and regulations that balance growth, business friendliness and public interest are in place, say Upendra Joshi and Shivanshu Thaplyal.
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Urban Growth Corridors
India is one of the fastest growing and most populated economies in the world. By 2030, the urban areas would contribute 75 per cent of India's GDP and house 590 million people, about 40 per cent of the population.