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News & updates • 1m

India plans to increase the share of the manufacturing sector from 12% to 23% over the next two decades: Said FM Nirmala sitharaman

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FM Nirmala Sitharaman announces import duty exemption on parts needed to make EV batteries, phones! The government will exempt import duty on 35 items used to make EV batteries and 28 items used in mobile phone manufacturing.

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The average annual growth rate of India's manufacturing sector over the last decade is 5.2%. In 2022-23, the manufacturing sector grew by 4.7% and contributed 17% to the country's GDP.

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Quick commerce represents a "one-of-a-kind innovation" that can be leveraged internationally to brand India as the destination for inventive solutions, Finance Minister Nirmala Sitharaman said

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5 things I am expecting from FM Nirmala Sitharaman presenting the union budget today: 1. Simpler tax structure: Less confusion, more coffee breaks for our CAs! 2. Support for startups: Because creating jobs > chasing MBA grades. 3. Infrastructure

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