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 […]
Global and Indian Economic Prospects for 2021
31 Mar 2021 As fiscal year 2020-21 ends on 31 March, let us take stock of the economic situation. The year 2020-21 would be remembered by the unprecedented crisis brought on by COVID -19, which altered the entire economic paradigm like no other event in the recent past. The pandemic and the subsequent lockdown disrupted […]
NIP and NMP: The Pipeline Jugalbandi
20 Apr 2021 In his Independence Day speech of 2019, Prime Minister Narendra Modi announced the launch of the National Infrastructure Pipeline (NIP) — a comprehensive plan of infrastructure development. On December 31, 2020, the finance minister unveiled the detailed NIP Report setting out a capital expenditure plan of Rs 111 trillion for the next […]
Economic Revival amid COVID-19
04 May 2020 The humankind is currently witnessing the disastrous effect of COVID-19 on the socio-economic balance of the world. It has toppled economic growth and has risked the lives of millions. The tradeoff between the health of masses and industrial activities has been detrimental to the economy. While no respite seems plausible in the […]
De-stressing the Indian economy – Economic Stimulus Needed Urgently
11 May 2020 The world is grappling with the COVID-19 outbreak. The conundrum, however, has been safeguarding lives while ensuring economic balance. The manufacturing units, supply-value chains, MSMEs, the hospitality sector, and other critical sectors are struggling to find a strong ground to recuperate from the huge economic loss the outbreak has brought. By the […]
Tax tweaks can spur economic revival
12 May 2020 With most economic activities in pause mode due to the Covid-19 contagion, businesses are expected to be hard-hit for at least a few quarters before operations return to normal. The humanitarian crisis is leading to huge demand disruption, which may persist and change habits overnight. The government is taking all necessary steps […]
Diwali – Lighting Up the Indian Economy
26 Oct 2019 The festive spirit is palpable as Diwali, the festival of lights, approaches. Houses are re-painted, flowers, traditional lights – diyas – and sparkling lights used to adorn them, and one can almost smell the aroma of sweets and other goodies as people prepare to celebrate Diwali. The joy and the hustle and bustle are […]
Beyond RCEP: India must now focus on boosting exports
13 Nov 2019 – Vikram Kirloskar President, CII Joining the RCEP may be possible down the line. For now, India should reinforce and deepen agreements with its current trade partners, as well as look to enter new markets with globally competitive products Prime Minister Narendra Modi’s decision to opt out of the Regional Comprehensive Economic […]