Writing Room
Make In India: India’s Production Linked Incentive Scheme
India’s manufacturing sector, contributing approximately 17% to GDP, remains low relative to its vast population and economic potential. Despite being home to the world’s youngest workforce, with a median age of 28 years, India remains heavily dependent on imports in critical sectors like electronics, machinery, and energy. To bridge this gap and harness its demographic dividend, the government has implemented the Production Linked Incentive (PLI) Scheme, aimed at revitalizing domestic manufacturing.
ICGF – Revised Sector Representation
In our ongoing commitment to provide shareholders with a clear understanding of our investment strategies, we have updated our sector classification approach.
The Indian Budget 2024: Capital Gains Tax Increase
Following the election in June this year, a budget refresh was announced outlining changes to both long-term and short-term capital gains taxes (CGT), universally impacting Indian equities investments.
What does it mean for you as an investor in India Capital Growth Fund?