India’s real estate sector could hit US$ 10 trillion by 2047
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🚀 Business Bytes: Key highlights for India & global Trade
🏙️ India’s real estate sector is poised for massive growth, projected to hit US$ 5–10 trillion by 2047, transforming cities, creating jobs, and fueling India’s developed economy aspirations.
🧵 India’s textile industry welcomes GST Council’s “Next-Generation Reforms,” simplifying tax slabs, lowering costs, and boosting domestic demand in fashion and handicrafts, effective from 22 September 2025.
⚙️ Centre receives 150 ECMS proposals worth ₹19,000 crore, mostly from electro-mechanical firms for electronic applications, all meeting the minimum ₹50 crore revenue requirement under the scheme.
🛒 FMCG sector braces for GST cut to 5%, tackling old stock with higher MRPs. Firms urge government clarity to avoid ₹2,000 crore waste while promising consumer benefits.
💻 India’s top IT companies slash H-1B dependence by 46% in five years, adapting with local hiring, nearshoring, AI adoption, and skill-building amid global pressures and immigration shifts.
🌍 Survey shows 84% of Indian CEOs believe the country’s brightest days lie ahead; 89% remain optimistic, stressing credibility and trust as India’s strongest assets in global leadership.
Stay tuned for more updates shaping India’s business and trade future!
LEAD STORY
India’s real estate sector could hit US$ 10 Tn by 2047
India’s real estate sector has always been a vital pillar of the economy — providing homes, offices, and spaces that shape how people live and work. Over the past decade, it has grown alongside rapid urbanisation, government-backed housing schemes, and large-scale infrastructure upgrades. Now, experts believe the industry is poised for an even bigger leap.
According to a new report by CREDAI and Colliers India, the country’s real estate market could expand into a US$ 5–10 trillion industry by 2047. The study, titled “Indian Real Estate: Fostering Equity and Fueling Economic Growth,” highlights how changing demographics, policy reforms, and institutional investments could push real estate to contribute between 14% and 20% of India’s GDP in the coming decades — up from just 6–8% today.
GST cut on textiles boosts MSMEs, premium fashion takes a hit
India’s textile sector is set for a major reset as the 56th GST Council Meeting, held on 3 September 2025, unveiled sweeping reforms under the government’s Next-Generation GST framework. Effective from 22 September 2025, these changes promise to simplify tax structures, cut costs, and stimulate demand across the textile value chain—from artisans and MSMEs to exporters and global brands.
While reduced GST on mass-market garments, fibres, and handicrafts has been welcomed as a game-changer, concerns remain over the higher tax burden on premium apparel.
HIGHLIGHT OF THE DAY
Centre gets 150 proposals worth ₹19,000 crore under ECMS, largely from electro-mechanical applicants for electronic applications, meeting the scheme’s minimum ₹50 crore revenue eligibility benchmark.
FMCG prepares for challenges under lower GST
FMCG companies across India are grappling with a pressing challenge as they prepare for the implementation of the revised Goods and Services Tax (GST) structure, which comes into effect on September 22. While the reform promises lower consumer prices and stronger demand, it also presents immediate operational hurdles for companies that are sitting on vast inventories printed with MRPs under the existing tax regime. With stocks lying in warehouses and on retail shelves across the country, the sector is urgently seeking clarity from the government on how to manage the transition without incurring heavy losses.
Industry leaders agree that the reduced GST rates on fast-moving consumer goods will stimulate consumption in the medium term. However, they acknowledge that the shift could disrupt operations in the short run, given the large volumes of stock carrying MRPs inclusive of the earlier, higher tax rates.
Indian IT firms cut H-1B visas: TCS, Infosys focus on local hiring
India’s leading IT services companies are significantly scaling back their reliance on the H-1B visa program, reflecting a mix of geopolitical headwinds and rapid technological change. Over the past five years, the country’s six largest employers—Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, Tech Mahindra, and LTIMindtree—have reduced H-1B issuances by about 46% on average, according to U.S. Citizenship and Immigration Services (USCIS) data.
TCS, with a global workforce of over 600,000 employees, remained a major sponsor in FY25. It secured 5,505 visas, making it the second-largest H-1B filer after Amazon. Yet this represents a sharp drop from the 10,525 approvals it recorded in FY21.
84% CEOs see India’s best days ahead; Reputation emerging as strategic asset
India’s growth story is inspiring strong confidence at the top. According to a new PRCAI–Astrum survey released at PRana 2025 in New Delhi, 84% of 123 CEOs across six cities believe the country’s best days are still to come, and 89% remain optimistic about its long-term economic trajectory. But the study makes a crucial point: in the emerging world order, reputation — built on delivery, credibility, and trust — is becoming India’s most valuable currency for global leadership.
The survey makes a compelling case that reputation is no longer a “soft” asset — it is a strategic enabler of trust, credibility, and global power. As PRCAI leaders noted, reputation today is not just about perception, but about the outcomes that inspire confidence in boardrooms, markets, and global institutions.
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