16 Feb 2021 Since its opening for private sector participation in 2001, the Indian Aerospace and Defence Sector has grown steadily. In recent years, it has marked its presence, albeit in a small way, in the global market as well. The COVID-19 pandemic affected the Defence Industry in the same…
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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…
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…
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…
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…
Reviving growth: Government needs to do a fine balance in Budget on Feb. 1
25 Jan 2021 With economic activity resuming and the vaccine becoming a reality, the challenge of lives versus livelihoods is largely addressed. The next big challenge facing the government is getting growth back. The government has been fiscally prudent in its Covid interventions, with support to industry coming in the…
Budget 2021: Make it inclusive and substantive
22 Jan 2021 Budget 2021 is being presented under exceptional conditions. This is borne out from the advance estimates that show India’s GDP growth to contract by 7.7% in 2020-21, the worst in four decades. The reverberations of this are being felt on lives, livelihood and growth. GoI has been quick…
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,…
Giving the Young a Cause
08 Jan 2021 India is a democracy of the young – talented and restless in equal measure. Demographic dividend is the expected game changer for the country. By 2030, about 250 million of its youth will enter the job market and make significant contributions to domestic and global growth. But…
2021, A year that embodies hope
07 Jan 2021 The year of the virus has just ended and there is much reason for hope in 2021. Several vaccines are ready for use and the government is preparing for a massive rollout across the country. Economic activity, which had come to a standstill in the initial months…