Budget 2023: Slowdown in project announcements
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New project announcements by the private and public sectors went into freeze mode in the past two fiscals. Less than a 1% increase has been seen in new investment proposals in FY22 as compared to the previous year. As far as project completion is considered, 2,152 projects got completed in FY22, 31% higher than the previous year.
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October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.