Union Budget: The Confederation of Indian Industry (CII) has offered policy suggestions to the Narendra Modi government for the upcoming interim Union Budget. The CII suggests balancing fiscal consolidation with economic growth by reducing the fiscal deficit to around 5.4% of the GDP. They propose a three-rate structure for the goods and services tax (GST) and prioritizing investor interest in the government s divestment program.
The CII report on Raw materials for Battery & Component Manufacturing released Sunday said that the advanced chemistry cell (ACC) battery market demand in India is expected to grow at a CAGR of 50% from 20 GWh in 2022 to around 220 GWh by 2030
The CII report emphasizes that Indian companies have not only helped US communities during the pandemic but also contributed to the competitiveness of US firms and local ecosystems during the recovery period.