‘FM will need to do a fine balancing act’
22 Dec 2020 The Finance Minister will be presenting the Union Budget for 2020-21 under extraordinary circumstances — with challenges brought on by an epoch-making year marked by the Covid-19 pandemic. The GDP figures have contracted for the first time in four decades, and livelihood is a serious concern. The government has sought to address […]
Enhancing MNCs’ Contribution to Indian Economy
25 Dec 2020 MNCs have been playing an important role in the economic growth and development of the country, leveraging on the improving ease of doing business and liberalised regulatory environment. The Government on its part has consistently focused on easing the policy and regulatory environment for MNCs in India. Recognizing the pivotal role played […]
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 […]
Focus Areas for Union Budget 2021-22
20 Jan 2021 The year 2020 will not be easily forgotten as the year that reset all aspects of our lives. The pandemic affected the most important parameters of existence, namely healthcare and the economy. The GDP contracted by 15.7% during April-September 2020, the worst in recent history. In this context, we are all looking […]
Union Budget to Focus on Tax Stability and Simplification
27 Jan 2021 The prompt and decisive relief and reform measures announced by the Government during the past year to manage the impact of Covid-19 pandemic on the industry and overall economy are laudable. The recent improved figures in agricultural production, manufacturing and consumption have boosted industry confidence and there has been a discernible improvement […]
An expansionary budget for higher growth
28 Jan 2021 The Budget 2021-22 is being announced under the lingering shadow of the pandemic which has caused economic activity to sink to an unprecedented trough. This has made it difficult for tax collections to cope with the Budgeted number which in turn has limited our fiscal space. No doubt, the government has firmly […]
Union Budget 2021—22: A Fiscal Rudder for Fast Recovery
29 Jan 2021 The Union Budget for 2021-22 is to be announced soon. The upcoming Budget is expected to prioritise growth-oriented measures to ensure the momentum of recovery seen in the economy recently is sustained. The focus of the Budget is likely to be on rekindling durable consumption and encouraging private investments. To alleviate the […]
Economic Survey 2020-21 Highlights: Return of Growth
30 Jan 2021 Ever since the world became engulfed in the worst pandemic in a century, one question has loomed large – ‘When will this get over?’ The Economic Survey 2020-21 answers this question for India. The Survey paints a clear picture of the road to recovery. India’s GDP plunged to a negative -23.9 per […]
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 […]
Historic budget with growth at its centre
02 Feb 2021 Delivering on her promise of unveiling a ‘Budget like no other’, the Finance Minister announced a raft of prudent measures aimed at rejuvenating government spending towards critical areas of increasing allocation on infrastructure expansion, education, housing and health as India rolls out a vaccine drive to inoculate 1.3 billion people. Laying down […]