The world is witnessing a build-up of uncertainties. That merits the question, is growth desirable at the cost of financial stability. The external risks suggest the government puts fiscal prudence first
India's budgetary allocation for health must increase for improving healthcare infrastructure and services
Environmental health is a long game, but politics isn’t. The problem is that for human beings to effectively act on a future crisis, they need to be able to see themselves in it, and for the most part, limited election terms stymie such long views.
If Make in India gets a much-needed push in the Budget, then capital goods' companies can hope for a revival in demand
The message is loud and clear. India needs a paradigm shift in direct taxation. Will the government bite the bullet like it did for GST?
A big push in education requires a strong budgetary impetus and faster reforms towards education quality.
India needs policies for sustainable and climate-smart agriculture.
If the budget introduces measures to encourage savers to direct more flows to bank deposits, then banks could lower interest rates
Speaking of investment in higher education, the dream of making India a haven of skilled human capital will not materialise unless the government puts its money where its mouth is
With the government enjoying a majority in the GST Council and a stabilising mop-up, one could expect that the Centre would quickly simplify the process further
India’s budgetary expenditure on the judiciary is under 0.5% of total budget. It is difficult to expect that an independent judiciary will exert its weight as the third pillar of our democracy, if it is expected to survive on such a paltry budget.
A constant concern in the educational realm has been the meagre apportionment in the budget. Hope the NEP 2019 sees a departure and gets a boost in the upcoming Budget allocation.
Ideas for stimulating growth need to go beyond increasing government expenditure.
Pronouncements need to balance short-term impetus and structural course correction
Making PM-KISAN universal will solve the identification problem to an extent and make its implementation easier.
Consumption slowdown should be a cause of concern as it was the last engine driving GDP growth.
Affordable housing can be created by increased funding via the promotion of public-private partnership.
The playbook has to be rewritten. The monochromatic definition of infrastructure to only mean built structures should change.
GST tax collections are falling short of expectations
The Budget should have out-of-the box solutions or should allow the old system of subsidies and money distribution to continue.
The success of the scheme depends on the total amount disbursed by the Government over the life of the scheme.
The government has little firepower left to kickstart investment. Instead, it needs to give incentives to the private sector to increase capex
India's economic indicators took a turn for the worse in April
The accompanying chart shows that it has come down from 4.5 percent of GDP in 2013-14 to a budgeted 3.4 percent for 2019-20.
There is a clamour for a fiscal push by the government, given the slowdown in the economy. The regular Budget for FY20 will tell us whether the date of achieving the target will be pushed back further.