20 Apr 2021 In his Independence Day speech of 2019, Prime Minister Narendra Modi announced the launch of the National Infrastructure Pipeline (NIP) — a comprehensive plan of infrastructure development. On December 31, 2020, the finance minister unveiled the detailed NIP Report setting out a capital expenditure plan of Rs…
Browsing CategoryEconomy
Global and Indian Economic Prospects for 2021
31 Mar 2021 As fiscal year 2020-21 ends on 31 March, let us take stock of the economic situation. The year 2020-21 would be remembered by the unprecedented crisis brought on by COVID -19, which altered the entire economic paradigm like no other event in the recent past. The pandemic…
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…
Historic budget with growth at its centre
02 Feb 2021 Delivering on her promise of unveiling a ‘Budget like no other’, the Finance Minister announced a raft of prudent measures aimed at rejuvenating government spending towards critical areas of increasing allocation on infrastructure expansion, education, housing and health as India rolls out a vaccine drive to inoculate…
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…
Economic Survey 2020-21 Highlights: Return of Growth
30 Jan 2021 Ever since the world became engulfed in the worst pandemic in a century, one question has loomed large – ‘When will this get over?’ The Economic Survey 2020-21 answers this question for India. The Survey paints a clear picture of the road to recovery. India’s GDP plunged…
Union Budget 2021—22: A Fiscal Rudder for Fast Recovery
29 Jan 2021 The Union Budget for 2021-22 is to be announced soon. The upcoming Budget is expected to prioritise growth-oriented measures to ensure the momentum of recovery seen in the economy recently is sustained. The focus of the Budget is likely to be on rekindling durable consumption and encouraging…
An expansionary budget for higher growth
28 Jan 2021 The Budget 2021-22 is being announced under the lingering shadow of the pandemic which has caused economic activity to sink to an unprecedented trough. This has made it difficult for tax collections to cope with the Budgeted number which in turn has limited our fiscal space. No…