The production-linked incentive schemes seek to reimagine the dreams of the Indian economy. It will, of course, take a few years to completely evaluate the impact of them.
Education, unfortunately, has never been seen as a key to India's economic growth. If India is indeed serious about forging a robust economic growth, this mindset needs to change.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
The Budget is one of the most awaited events and this year’s Budget certainly did not disappoint. With a series of bold, reformist measures, it signalled a clear shift to growth orientation.
As expected, the economy staged a turnaround in the third quarter of FY21 with a GDP growth figure of 0.4%. The stage is now set for a big rebound in FY22.
India's increased healthcare spend will be a big step towards strengthening its capacity to combat future pandemics. It is also an opportunity to lay the foundation for a robust healthcare ecosystem.
This year’s Union Budget has raised the sectoral cap in insurance. But a favourable regulatory environment is necessary for some other sectors which have huge potential for growth.
As a fiscal roadmap to reinstate and revive India’s economic recovery, the spending oriented Union Budget 2021 comes across as an exercise in prudence.
Finance Minister, Nirmala Sitharaman presented the Union Budget in the Parliament today. And with a slew of measures given to various sectors, India Inc. has welcomed the Budget.
