The path chosen is one of providing a sustainable growth push through investments in transportation, green energy and urban development
It is good to see that the government is not obsessing over fiscal consolidation, while juicing growth a bit in FY23
Measures such as battery swapping policy and special mobility zones will sustain demand for EVs that sparked with the FAME II policy
Unlike past exercises, this year’s budget is conservative on many counts, including growth estimates and expenditure projections. The government has also resisted the temptation, again marking a departure, to launch populist measures to coax voters
Government uses the Budget as an instrument of structural reforms
With a focus on EVs, solar power, renewable energy, startups and the defence sector, the finance minister has pressed all the right buttons for the market
India does not have enough domestic manufacturing capacity in solar modules and depends on imports. New incentives should help in building domestic manufacturing capacity
It appears the government has been very cautious, and conservative in calculating the tax for this year. The government could have made a more realistic assessment, and use that extra amount to give relief to people, which it has failed to do
Government borrowing is higher than expected. Does the market have the wherewithal to absorb this supply?
The main number that would be of interest to banks would be the deficit and borrowing of the government as that will shape the state of liquidity during the year
Putting climate action as one of the focus areas of the Budget is a major move, since the Budget should not only focus on economic development but also on sustainable development for securing the future of generations to come
What people allegedly had on their minds about the Union Budget, but wouldn’t dream of saying out loud
Asia’s GDP is expected to expand in nominal terms from $33tn in 2021 to $39tn in 2023, exceeding the $34tn for the Americas and $26tn for Europe
An urban job scheme is seen as a ‘safety-net’, and is intended to help the urban poor, but it needs to be thought of, and approached differently vis-a-vis the rural employment scheme (MNREGA)
In today’s edition of Moneycontrol Pro Panorama: The state of the economy in 10 charts, limitations of Union Budget, Apollo-Amazon tie up, Unity SFB-PMC Bank merger, Dr Reddy’s Labs, Kotak Mahindra Bank, L&T and more
The Economic Survey is upbeat on consumption and investment rising. It has projected FY2022-23 GDP growth at 8-8.5 percent
The face-off will be between Russia, and the US and EU combined. Any of the many options on the table are likely to have global ramifications. There’s little India can do now, other than brace for a rough ride ahead
The ambition of going national is natural, but the Trinamool Congress will have to address the signs of discontent from the early days itself, because West Bengal is still the TMC’s nucleus
Now that India’s private industry clearly needs a hand to hold, the country’s very own ‘New Deal Moment’ has arrived, and the government must not shy away from firing all cylinders to safeguard India’s economic potential
Consumer price inflation is running at its highest level for more than two decades in the world’s big industrial economies, particularly in the US
Despite a bounceback, real GDP is hardly 1.3 percent over the 2019-20 number. Rural demand, jobs and inequality demand attention
How stocks or the market reacts to the news inform us about the impact of the Budget
While the budget may hike outlays, the roads’ sector is hampered by problems on the execution front
Many announcements that used to be important for the market on budget day are now made outside the budget
PMC Bank depositors have been severely wounded financially due to the long wait to get back their money. What’s more, a section of them believes the amalgamation scheme is a pyrrhic victory
