On February 25, 2025, the TMA Finance Summit convened at DOME Hall, Hotel Ambassador, New Delhi, under the theme "Navigating the Fiscal Landscape – Steering Through the Global Economy." Bringing together leading industry professionals, policymakers, and financial experts, the summit provided an in-depth analysis of key economic trends, policy frameworks, and emerging opportunities shaping India's financial and industrial landscape.
The event commenced with a welcome address that underscored the importance of strong fiscal and monetary policies in fostering a resilient Indian economy. The agenda emphasized that the perspectives and insights shared would contribute to actionable solutions and meaningful outcomes.
The first-panel discussion focused on Fiscal Landscape and Global Competitiveness, addressing the impact of Make in India initiatives, central and state policies, and export promotion strategies aimed at enhancing India's global trade participation. Experts analyzed the role of Free Trade Agreements (FTAs) and trade facilitation measures under customs, including Authorized Economic Operator (AEO) programs and Mutual Recognition Agreements (MRAs), in strengthening India’s global standing.
Discussions covered the Production Linked Incentive (PLI) scheme, announced in November 2020 with an outlay of Rs. 1.97 lakh crore across 14 sectors. Insights were shared on how PLI schemes have significantly boosted production, expanded manufacturing activities, and contributed to economic growth. The significance of Authorized Economic Operator (AEO) programs in facilitating legitimate trade while securing international supply chains was highlighted. The role of Mutual Recognition Arrangements (MRAs) in global trade facilitation was also explored.
The second-panel discussion, dedicated to Tax Transformation, explored strategies for improving Ease of Doing Business (EODB) through streamlined GST audits, proactive compliance measures, AI-driven tax assessments, litigation strategies, rate rationalization, and digitization of tax processes. Industry leaders shared insights on fostering a more efficient and business-friendly taxation system.
Key topics included tax rationalization and the role of Artificial Intelligence in tax assessment and litigation, underscoring the transformative potential of digital solutions in taxation.
The summit concluded with a vote of thanks, acknowledging the contributions of the speakers, participants, and media personnel. It wrapped up with a networking lunch, fostering further discussions and collaborations.
