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Title -  The Role of Fiscal Policy in Sustaining India’s Growth Momentum India’s  post-pandemic economic  recovery has been one of the fastest among major global economies. Despite global headwinds, the country’s strong macroeconomic fundamentals, judicious fiscal management, and far-reaching structural reforms have helped maintain strong growth impulses. Fiscal policy has emerged at the forefront of sustaining growth momentum in India amidst geopolitical tensions, inflationary pressures, and sluggish trade, and guiding it toward the vision of a $5 trillion economy. Fiscal policy as a growth catalyst In recent years, India has sharply oriented fiscal policy toward growth and long-term resilience. At the heart of it is the emphasis on capital expenditure by the government. Successive Union Budgets have made infrastructure-driven growth through sustained public investment the hallmark from  FY2021 to FY2025 . This momentum will be carried over to the Union Budget 2025–...

Title -  How GST Reforms Are Simplifying Business for MSMEs MSME sector accounts for 30.1% of India’s GDP, 35.4% of manufacturing and 45.73% of exports in the country as on July 2025 1 . As on July 16, 2024, total employment reported by the MSMEs on the Udyam Registration Portal (since July 1, 2020 to July 16, 2024) is 203.9 million 2  (including informal micro enterprises registered on Udyam Assist Platform). Their growth is critical to India’s ambition of becoming a $5 trillion economy. Goods and Services Tax (GST) 1.0 regime often posed challenges for small businesses especially from complex procedures and inverted duty structures. Recognizing this, the government has introduced a series of GST reforms to simplify operations thereby reduce compliance burdens, and encourage growth for MSMEs. https://www.phdcci.in/blog/how-gst-reforms-are-simplifying-business-for-msmes/