BW Businessworld releases its latest issue, offering a comprehensive analysis of India's economic trajectory, driven by the 2024-25 Union Budget, alongside an in-depth exploration of the transformative journey within India's legal education sector.
Union Budget 2024-25
Union Finance Minister Nirmala Sitharaman’s budget proposals for the financial year 2024-25 have set a promising course for India’s economic future. This issue of BW Businessworld delves into the intricacies of the Union Budget, which balances fiscal consolidation with robust economic expansion. A focal point of this budget is the government’s commitment to reducing the fiscal deficit to 4.9 per cent, down from 5.1 per cent in the previous interim budget, with an ambitious goal to bring it below 4.5 per cent by FY 2025-26.
The cover story, 'The Growth Yatra', highlights Sitharaman’s nine-pronged strategy to propel India onto an accelerated growth path. The strategy encompasses critical sectors such as productivity and resilience in agriculture, inclusive human resource development and social justice, manufacturing and services, urban development, infrastructure, support for the promotion of MSMEs, energy security and employment and skilling.
Fiscal Policies & Tax Reforms
The issue explores anticipated rises in tax collections. Despite a slight reduction in net tax collections due to higher state allocations, the gross tax to GDP ratio is expected to rise to 11.8 per cent in FY2024–25. The optimistic outlook is bolstered by considerable reforms in indirect and direct taxation aimed at streamlining the system and fostering economic growth. Key measures include a comprehensive review of the Income-tax Act 1961, rationalising tax rates, revamping capital gains taxation and enhancing taxpayer services.
Shaping Future Legal Minds
In collaboration with BW Legal World and BW Education, this issue also highlights the evolution of legal education in India. The third edition of the BW Law School Rankings reflects an influential transformation in preparing students for the profession's emerging demands. Our rankings differentiate between government and private law colleges to provide a more equitable assessment.
Leadership Insights from Abhyuday Jindal
The 'Last Word' column features Abhyuday Jindal, Managing Director of Jindal Stainless. He emphasises the art of listening as a cornerstone for fostering collaboration, innovation, and organisational change. He advocates for self-awareness, introspection and engaging in internal dialogue, highlighting how a leadership approach centred on genuine listening has driven positive changes and inspired a culture of trust and creativity within his organisation.
The recent issue of BW Businessworld is now available in both digital and print formats. For more insights and the full stories, read BW Businessworld’s latest digital edition here.
About BW Businessworld
BW Businessworld, with its 43 years of legacy, is the fastest-growing 360-degree business media house in India. With a network spanning 23 niche business communities and 10 magazines, BW Businessworld is proud to be entrenched in various verticals in the domestic as well as global business, that organise conferences and forums to facilitate interaction between sectoral business leaders and create a conducive environment for collaboration. All BW issues are also fully digitally covered, including online stories and video stories and eMagazine is also available for every issue.
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