India Doubles Down on Capex
Your daily dose of business news
🗞️ US Proposes $135.6Bn Public Capex for FY27
The US government has proposed $135.6 billion in public capital expenditure for FY27, signalling continued fiscal support for infrastructure, clean energy, and strategic manufacturing.
The move comes amid global competition to attract capital and strengthen domestic supply chains.
🗞️ India–EU Trade Pact to Cover One-Third of World Population
The proposed India–EU free trade agreement is expected to cover nearly one-third of the global population and around 25% of global GDP.
The pact could reshape trade flows across manufacturing, services, and technology sectors.
💬 Expert Take — “An India–EU FTA at this scale would be structurally significant, potentially redefining India’s role in global value chains over the next decade.”
🗞️ India Extends GIFT City Tax Holiday to 20 Years
India has doubled the tax holiday for GIFT City businesses to 20 years, reinforcing its push to position GIFT City as a global financial and services hub.
The extension is aimed at attracting long-term global capital and offshore financial activity.
🗞️ Gold and Silver Prices Slide After Budget
Domestic gold and silver prices fell sharply following Budget announcements, driven by easing import duty expectations and reduced uncertainty.
Precious metals had earlier touched record highs amid global geopolitical tensions.
🗞️ India Raises Infrastructure Spending to ₹12.2 Trillion
India has raised infrastructure spending to a record ₹12.2 trillion, underscoring its continued focus on capex-led growth.
The allocation prioritises transport, energy, logistics, and urban infrastructure.
💬 Expert Take — “Sustained infrastructure spending is anchoring India’s growth narrative, crowding in private investment while supporting job creation.”
🗞️ India Offers Zero Taxes to Attract Global AI Workloads
India will offer zero taxes through 2047 to attract global AI workloads, positioning itself as a long-term destination for compute-intensive industries.
The policy aims to capitalise on India’s data, talent, and digital infrastructure advantage.
🗞️ Markets Rally Sharply After Budget Day Rout
Indian equities staged a strong rebound as Sensex jumped 943 points, driven by clarity on capex, tax continuity, and growth-focused policy signals.
The rally reflected renewed confidence after initial post-Budget volatility.
🗞️ Auto Industry Welcomes CNG, Battery Push in Budget
The auto sector has welcomed Budget support for CNG blending and local battery manufacturing, citing long-term benefits for cost efficiency and energy security.
The measures align with India’s broader clean mobility and localisation goals.
📊 Market Update
📈 Sensex: 81,666.46 ▲ 943.52 pts (+1.17%)
📈 Nifty 50: 25,088.40 ▲ 262.95 pts (+1.06%)
🪙 Gold (per gram): 24K ₹15,317 ▼ ₹741 | 22K ₹14,040 ▼ ₹680
🥈 Silver (per kg): ₹3,00,000 ▼ ₹50,000