India Business & Economics Terms

Indian economy, regulatory bodies, stock markets, and business terminology specific to India.

Bombay Stock Exchange

(BSE)

Asia's oldest stock exchange, established in 1875, headquartered in Mumbai.

Beginner Financial Markets

Foreign Direct Investment

(FDI)

Investment by a foreign entity in a domestic company, typically acquiring significant ownership stake.

Intermediate International Trade

Goods and Services Tax

(GST)

India's comprehensive indirect tax on supply of goods and services, replacing multiple cascading taxes.

Beginner Taxation

Insolvency and Bankruptcy Code

(IBC)

A unified framework for resolving insolvency of companies and individuals in a time-bound manner.

Advanced Regulatory & Compliance

Make in India

A government initiative to encourage manufacturing in India and attract foreign investment.

Beginner Regulatory & Compliance

Micro, Small and Medium Enterprises

(MSME)

Classification of businesses based on investment and turnover, receiving various government benefits.

Beginner Entrepreneurship

National Payments Corporation of India

(NPCI)

The umbrella organization for retail payments systems in India, operating UPI, IMPS, and RuPay.

Intermediate Banking & Finance

National Stock Exchange

(NSE)

India's leading stock exchange by trading volume, headquartered in Mumbai.

Beginner Financial Markets

Non-Banking Financial Company

(NBFC)

A company registered under the Companies Act that provides banking services without holding a banking license.

Intermediate Banking & Finance

Permanent Account Number

(PAN)

A unique 10-character alphanumeric identifier issued by the Income Tax Department to taxpayers.

Beginner Taxation

Production Linked Incentive

(PLI)

A scheme offering financial incentives to manufacturers for increasing production in India.

Intermediate Regulatory & Compliance

Real Estate Regulation Act

(RERA)

A landmark law regulating real estate sector to protect homebuyers and promote transparency.

Intermediate Real Estate

Reserve Bank of India

(RBI)

India's central banking institution that controls monetary policy, regulates banks, and manages currency.

Beginner Banking & Finance

Securities and Exchange Board of India

(SEBI)

The regulatory body for securities and commodity markets in India, protecting investor interests.

Beginner Regulatory & Compliance

Systematic Investment Plan

(SIP)

An investment method where a fixed amount is invested regularly in mutual funds.

Beginner Financial Markets

Tax Deducted at Source

(TDS)

A system where tax is deducted at the point of income generation, ensuring regular tax collection.

Beginner Taxation

Unified Payments Interface

(UPI)

A real-time payment system developed by NPCI enabling instant money transfers between bank accounts via mobile.

Beginner Banking & Finance