The budget must tackle India’s prevailing economic uncertainty
14 Jan 2021 The numerous prompt and decisive relief and reform measures announced by the government in the recent past to manage the impact of the covid pandemic on Indian industry and the overall economy have led to a distinct turnaround in India’s growth trajectory. Improved trends in agricultural production, the manufacturing sector and consumption […]
Budget 2021: Make it inclusive and substantive
22 Jan 2021 Budget 2021 is being presented under exceptional conditions. This is borne out from the advance estimates that show India’s GDP growth to contract by 7.7% in 2020-21, the worst in four decades. The reverberations of this are being felt on lives, livelihood and growth. GoI has been quick to react with targeted measures […]
Reviving growth: Government needs to do a fine balance in Budget on Feb. 1
25 Jan 2021 With economic activity resuming and the vaccine becoming a reality, the challenge of lives versus livelihoods is largely addressed. The next big challenge facing the government is getting growth back. The government has been fiscally prudent in its Covid interventions, with support to industry coming in the form of loan guarantees and […]
Bold reforms in vital sectors to catalyse growth
02 Feb 2021 The Union Budget presented in the wake of the pandemic-led economic contraction lays out many proposals to strengthen the current V-shaped recovery and sets India on the path to high growth. We believe this budget has met the twin challenges of boosting growth while laying down a path to fiscal consolidation. It […]
Game-changer that will help enable growth with inclusion
02 Feb 2021 Finance minister Nirmala Sitharaman has presented the Union Budget 2021-22 amidst extraordinarily difficult times created by the Covid-19 pandemic. Our GDP growth is estimated to witness the largest ever contraction of 7.7 per cent during the present year. Besides, the paucity of fiscal space, constraints within the financial sector to lubricate the […]
Rush of measures to drive economy
02 Feb 2021 Amidst these extraordinary circumstances, the Union government has presented a pragmatic and forward-looking budget that offers avenues for our country to be supported through the current pandemic. The government has adeptly balanced the tightrope walk to increase spending, without going overboard, by focusing on critical sectors such as healthcare and infrastructure. Given […]
A ‘never before’ budget for ‘never before’ times
02 Feb 2021 Union budget 2021-22 will be a memorable one, being the first budget of the decade, the first digital budget and one coming after an economic contraction. Excellent articulation of the six pillars of health and well-being, infrastructure, inclusive growth, R&D and innovation, minimum government maximum governance and human capital lent credibility to the […]
‘Atmanirbhar’ in Defence Production
16 Feb 2021 Since its opening for private sector participation in 2001, the Indian Aerospace and Defence Sector has grown steadily. In recent years, it has marked its presence, albeit in a small way, in the global market as well. The COVID-19 pandemic affected the Defence Industry in the same manner as in other sectors […]
Budget 2021 puts green recovery at the centre of policy framework
18 Feb 2021 The Union Budget 2021-22 presents a structured approach to put our country on the path of green recovery post the Covid-19 pandemic. The Budget has a long-term vision for this decade on environmental sustainability. It is marked by wisely planned investments in the control of air pollution, providing potable water, deep-sea biodiversity […]
Budget boost for Science, Tech and Innovation
02 Mar 2021 Science, technology and innovation are the bedrock of a knowledge economy. The strides we have taken in these areas thus far have largely contributed to the success of the healthcare management during the Covid-19 pandemic. Taking cognizance of this, the Union Budget 2021-22 emphasised on strengthening the R&D and innovation, technologies and […]