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Will FM Nirmala Sitharaman’s gamble to boost consumption in Union Budget 2025-26 pay off?

With external uncertainties increasing, Finance Minister Nirmala Sitharaman has focussed on ramping up domestic manufacturing and investments and boosting consumption in Union Budget 2025-26. Will this latest gamble pay off?
Will FM Nirmala Sitharaman’s gamble to boost consumption in Union Budget 2025-26 pay off?
Business Today Magazine’s special India@100 issue presents a bold and timely vision for India’s next phase of economic transformation. At a time when global dynamics are shifting and domestic priorities are intensifying, this special edition serves as a strategic guide to navigate the opportunities and challenges that lie ahead. With the nation aiming to become a $30-trillion economy by 2047, the focus is on the structural reforms, policy shifts, and institutional realignments needed to unlock long-term growth. The issue reflects on the lessons of the past three decades while sharply framing the imperatives of the next two. At the heart of this special edition is the 100 Reform Ideas list—an ambitious, multidisciplinary blueprint developed through expert insights, rigorous analysis, and real-world applicability. From governance and climate policy to infrastructure, digital innovation, and social equity, the reforms are designed to catalyse inclusive development and position India as a global powerhouse. This special edition is a call to action - a roadmap for policymakers, industry leaders, and citizens to co-create the India@100 story. All this and more in this special issue of BT Magazine. Out on stands now.
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Business Today’s latest issue spotlights a reckoning in India’s ₹18,700-crore film industry, where the pandemic-fuelled OTT boom led to inflated production budgets and sky-high star fees, only to now face a sobering pullback from streaming platforms. With several big-budget films struggling to find buyers, producers are being forced to rethink the economics of storytelling. The cover story captures this tipping point through in-depth insights and rare industry voices, including an exclusive interview with Aamir Khan, who candidly dissects the current disruption and shares why he’s pushing back against OTT norms in favour of reviving theatrical experience. He opens up about the broken economics of India’s film industry, the OTT content trap, and why he’s betting on storytelling over spectacle. But it’s not just Bollywood under the scanner. This issue also explores systemic tremors shaking up India’s business landscape—from rising doubts around the Insolvency & Bankruptcy Code to concerns over market manipulation in India’s booming F&O space. All this and more in the latest issue. Now on stands!
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In a rapidly evolving automotive landscape, Hyundai Motor India’s bold reset forms is the main focus in Business Today’s latest issue. Once a solid No. 2 in the Indian car market, Hyundai is now navigating intense competition and a shifting consumer landscape with an aggressive comeback plan—spanning 26 new launches, deeper electrification, hybrid strategy, and expanded rural outreach. From capacity ramp-ups and export pivots to a recalibrated focus on SUVs and premiumisation, the company’s blueprint reflects high stakes and long-term ambition. Yet, as the cover story examines, challenges persist—declining market share, EV adoption hurdles, and the need to reduce overdependence on flagship models like the Creta. Hyundai’s journey also highlights India Inc.’s resilience amid slowing topline growth and rising governance scrutiny across sectors. Together, they spotlight a pivotal moment for both the company and the economy—where strategic execution, innovation, and clarity of purpose will define outcomes. All this and more in the latest issue of Business Today Magazine. Out on stands now.
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Business Today Magazine’s latest issue explores India’s rapid emergence as the global hub for Global Capability Centres (GCCs). With over 2,000 GCCs operating across the country and employing 2.1 million professionals, India now hosts more than half of the world’s GCCs. These centres have transformed from back-end support units into innovation engines, leading global mandates in AI, cybersecurity, product design, and digital transformation. From Tier I cities to emerging Tier II and III hubs like Coimbatore, Vizag and Indore, GCCs are helping decentralise growth, generate high-value jobs, and elevate India’s position as a strategic powerhouse in global business. Backed by progressive policies, India’s strong STEM talent pipeline, expanding digital infrastructure, and foreign direct investments are fueling this momentum. Also in focus: India’s $125 billion annual infrastructure push, rising green energy capacity, and evolving manufacturing capabilities, signs of an economy on the rise. The spotlight also falls on landmark defence manufacturing moves and the resurgence of firms like Suzlon. Together, these trends outline a compelling vision of India’s industrial transformation—anchored by capability, talent, and global ambition. All this and more in the latest issue of BT Magazine. Out on stands now.
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This special Business Today issue, featuring the BT CareEdge Study on India's Most Sustainable Companies, marks a landmark moment as we go beyond rhetoric to spotlight India Inc.’s most transformative sustainability journeys. The issue is accompanied by the inaugural edition of BT India’s Most Sustainable Companies 2025 Summit and Awards, an effort to recognise companies that have demonstrated exemplary commitment to Environmental, Social, and Governance (ESG) principles. Paired with a rigorous, data-driven recognition of India's most sustainable companies across high-impact sectors, this edition is both a celebration and a call to action. Hindustan Petroleum Corporation Limited (HPCL) won the Climate Leadership Award while Tata Steel bagged the Special Jury Award in Sustainability Leadership at BT India's Most Sustainable Companies Awards 2025. The full list of winners showcases how sustainability is no longer optional, it is central to continuity, competitiveness, and capital flow. The opening essay traces how industry giants like the Aditya Birla Group, Tata Group, and Reliance Industries are not just responding to climate realities, they’re shaping them. With net-zero targets, integrated ESG data systems, and sector-specific transitions, these corporations are redefining leadership in a resource-constrained world. From resilience in the face of climate shocks to future-facing investments in clean energy, this issue captures how top conglomerates are hardwiring ESG into strategy, risk frameworks, and capital allocation. All this and more in this special issue of Business Today Magazine. Out on stands now!
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