29 Jul 2019 Exports are a critical component of a country’s Gross Domestic Product. Thus, boosting exports is central to achieving higher growth and economic prospects. This assumes greater relevance at a time when the global environment has become increasingly uncertain, given rapidly changing global trade dynamics and an increasing…
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CII Post Budget Analysis
12 Jul 2019 The Union Budget presented on 5th July 2019 by the Finance Minister Smt. Nirmala Sitharaman introduced many measures to foster the growth and inclusive development to make India a USD 5-trillion economy by 2025. The Budget is pragmatic and forward looking and aims to achieve a fine balance…
Modi 2.0 Budget bolsters investment
09 Jul 2019 The first Budget of the Modi 2.0 government came at an opportune time when there was an urgent need for providing stimulus to kick-start growth which had fallen to multi-year low in the last fiscal. The Union Budget 2019-20 did not disappoint. The Budget announced host of…
Budget to take India on the path of inclusive growth
09 Jul 2019 The Union Budget 2019-20, the first Budget of the newly elected government, has been announced at a time when our macro-economic milieu continues to be domestically and globally challenging. The ongoing economic slowdown and the accompanying worries — sluggish industrial and manufacturing production, subdued consumption and tepid…
The focus on fiscal prudence is welcome
07 Jul 2019 The first Budget of the new government, slated for the remaining nine months of this fiscal year, had numerous challenges to address, both on the domestic front and the external front. With a tight adherence to fiscal prudence norms, Finance Minister Nirmala Sitharaman has taken firm steps…
Enhancing Skills Critical for Boosting Employability
03 Jul 2019 With the Budget 2019-20 to be presented shortly, job creation is expected to be the topmost priority on the Government’s agenda. Innovative ideas are necessary to explore ways to create more jobs in the economy, especially in the labour intensive sectors such as agriculture, construction, textiles, etc.…
Budget should focus on reviving demand
26 Jun 2019 The first Union Budget of the Narendra Modi government’s second term is widely expected to announce fresh measures to reinvigorate demand drivers, given that the slowdown in growth is becoming firmly entrenched. With economic growth hitting a five-year low of 6.8 per cent in 2019-20, the need…
Reform Agenda for the New Government
06 Jun 2019 As the National Democratic Alliance was re-elected for a second term with a sweeping majority, it is time for the new Government to action a long-term reform agenda. The Government introduced some major reforms during the past few years, such as the landmark Goods and Services Tax,…
Competitiveness of India Inc: India@75 – Forging Ahead
03 Jun 2019 Development as a whole – whether societal or industrial – has always been at the forefront of everything that we do at CII. In 2007, we began work on India@75 for achieving the common vision of an inclusively developed India by 2022 that would be characterized by…
State Level Reforms Critical for Growth
24 May 2019 Over the last few years, Central and State Governments have undertaken a slew of reforms to boost investments and growth. Key challenges for India are sustaining the high growth rates, alleviating poverty and ensuring balanced growth. As India enjoys a federal government system with many areas such…