FY25 News

Household Savings Set for a Strong Comeback in H1 FY25 as Debt Burdens Lighten

Net household financial savings are expected to significantly rebound in H1 FY25, driven by a decrease in liabilities and an increase in gross financial savings. This positive tren...

India's Direct Tax Revenue Surges by 16%, Reaching Rs 16.90 Lakh Crore in FY25

India's net direct tax collection has grown by 15.88% to approximately Rs 16.90 lakh crore in FY25, with significant contributions from both corporate and non-corporate taxes. The ...

India's Industrial Growth to Dip to 6.2% in FY25, with Signs of Revival in the Latter Half

India's industrial growth is expected to slow to 6.2% in FY25 due to a subdued manufacturing performance in the first half. However, signs of recovery are emerging for the second h...

Deloitte Predicts Robust Economic Growth of 6.5-6.8% for FY25

Deloitte forecasts a 6.5-6.8% economic growth for FY25, with a slight increase to 6.7-7.3% in FY26, driven by consumption. The first half of FY25 saw slower growth due to election ...

Alarming Surge: Bank Frauds Skyrocket Eightfold in Early FY25

The first half of FY25 has seen an alarming eightfold increase in bank frauds, reaching Rs 21,397 crore. Internet and card frauds dominate, with private and public sector banks fac...