The FY23 Budget's nominal GDP assumptions factor in an expectation that the deflator will show a 'reversal to the mean' in the coming year, finance secretary TV Somanathan said
The Delhi government is also rushing to prepare a start-up policy to promote new-age businesses
This is not a Budget that supports economic recovery, whether through supporting aggregate demand, or through expansionary stimulus
The immediate policy measure was to support the vulnerable sections of society
GDP projected to grow 8-8.5% in 2022-23; supply-side reforms to aid long-term expansion
Economic Survey stresses on making policy decisions based on changing economic realities
According to the Indian Chamber of Commerce, the Economic Survey has captured the economy's recovery from the devastating impact of the pandemic through multiple economic indicators
There is some concern in the finance ministry about the adequacy of foreign exchange reserves in case there is an unanticipated and large withdrawal of dollars.
Business Standard brings you the top headlines on Tuesday morning
The economy is likely to grow at 8-8.5% in FY2022-23 and India is geared up to face the challenges posed by pandemic, the Economic Survey tabled yesterday said. Let's analyse this yearly report card
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The Economic Survey 2021-22 which was tabled in the Parliament on Monday by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has analysed trends in the labour market
Along with domestic actions, equally important are the country's initiatives at the international stage, which the Economic Survey elaborated in detail
Effective April 1, 2020, Centre had relaxed FPI limit for Indian firms to the applicable FDI sectoral limit. Move led to spike in India's foreign ownership limits (FOL) in global indices
Analysts feel Budget will provide support to sectors worst hit by pandemic
The strong revival in government revenues means the government has enough fiscal space to provide additional support to boost growth momentum, the Economic Survey said
Stimulus measures announced so far during FY 22 include liquidity enhancing and investment boosting measures such as PLI, credit guarantee schemes and export boosting step, survey says
India has 83 unicorns with a total valuation of $277.77 billion, the Survey of 2021-22 says
Vaccination should be treated as a macroeconomic indicator since it is not just a health response but is critical for opening up the economy, the Economic Survey 2021-22 said.
It cautions on areas of concern, which if known beforehand, are easier to tackle as they don't come as shocks. So it is a good precursor to the Union Budget