Angel tax is an issue that has bothered the Indian start-up ecosystem since it first emerged in 2012. Introduced as a tool to tackle the circulation of black money in the economy, it has been instrumental in sabotaging the Indian startup ecosystem. According to an annual startup-cum-SME survey done by community-based social media platform LocalCircles, 38% start-ups received one or more…

In a paper published in April 2019, researchers at the Reserve Bank of India (RBI) found that more of Indian banking sector consolidation in the country’s struggling banking sector will help lenders lower costs and efficiently scale their operations. The same paper finds that India had 19 cost-efficient banks in 2005, falling to a low of 12 before recovering to 14 by the end of 2018. While banking…

In a dull market, heads are rolling at Deutsche Bank’s India-related business after its global restructuring announcement. Earlier this month, Deutsche Bank, which is the world’s largest German lender, announced that they would shut down their global equities business and reduce their fixed income operations. This will impact as many as 18,000 jobs globally, helping the bank save US$8.3 billion…

While the stock market voted down the budget, there were some announcements in that budget speech that will open up new frontiers for India’s burgeoning economy. Let us look at some of them and how they are likely to usher a few sunrise sectors that will not just create jobs but also help double the size of the economy – from the current US$2.61 trillion to US$5 trillion by 2024-25.

There is a lot of talk, and inevitably so, of the Indian economy – of how it is one of the largest and fastest-growing economies in the world and is increasingly becoming the destination for multinational businesses to set up shop in. The country has come a long way since its economic liberalization in 1991 – with the last decade particularly witnessing exponential growth, across sectors.