BUSINESS
OPINION | 16th Finance Commission: A shift in approach to grants and tax devolution
16th Finance Commission: A shift in approach that will not help states with lower fiscal capacity. The Commission has discontinued grants-in-aid for revenue needs. Its underlying approach is that fiscal surgery can be performed through blunt instruments
BUSINESS
Challenges lie ahead on the path of fiscal consolidation
Budget for FY26 tries to offset a decline in expenditure as a share of GDP by focussing on quality of spending and deficits. However, the path of fiscal consolidation outlined in terms of debt-to-GDP ratio will not be easy
BUDGET
Economic Survey: Strategizing for growth amidst global headwinds
The Survey highlights the constraints that India will face in its endeavour to increase its share of manufacturing in its domestic GDP as well as in global manufacturing. Also, there is a clear global tendency to become inward looking. Under such circumstances, India has to carefully calibrate its own path.
BUSINESS
Budget 2024 finds India in a sweet spot, thanks to unanticipated revenue boost
Budget should spell out adjustment path for debt to GDP ratio. It’s an opportunity to lay solid foundations for a medium-term growth range of 7-7.5%
BUSINESS
Budget 2024: Striking a balance between growth and fiscal prospects
The scope for reducing revenue expenditure growth may be limited since it is already quite low. The main adjustment will have to be on the side of capital expenditure growth
BUSINESS
Budget 2023: Keep the focus on capital expenditure growth in 2023-24 too
POLITICS
India at 2050: Leveraging its population to become the largest economy
