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The market is expected to continue its upward trajectory, anticipated to surge to $687.84 billion by 2026, compounding at 7.7% Lakh Cr in Budget 2023-24, a 13% jump over the previous year. Indian defense sector was allocated Rs.
The Union Budget announced a decrease in customs duties on gold and silver from 15% to 6% and on platinum from 15.4% The jewellery division aims to increase its market share from 8.5% to around 10-11% by FY 2026-27.
The government’s introduction of PLI schemes for auto components has benefited the industry, and by 2026, investments exceeding Rs. billion in FY23 and is expected to exceed $30 billion by 2027, with a global market share of 4.6%–4.9%. crores in the most recent Union Budget, indicating room for industry growth.
It is a strategic initiative to ensure you are making the most of available opportunities and safeguarding your financial future. For example, there is going to be an increase in tax rates in 2026 due to the onset of the Tax Cuts and Jobs Act. Annual Roth conversions can be one measure to tackle the changes.
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