Madan Sabnavis

Keeping in mind the factors on crop prospects, it stands to reason that rate cuts are out, and an unchanged position can be expected.

Devolved funds and tailored welfare schemes empower grassroots development, lifting poor families and driving rural equality

The important question is whether or not there will there be an about turn in the flow of funds in the debt segment? This is something which will be tested in the coming months.

Slowdown in consumption will come in the way of private investment, which can now turn further cautious on taking such decisions.

More importantly, the inflation has been kept under control as of now with the government absorbing a large part of the crude oil cost increase.

Rate cuts can now be ruled out and the question will be more on when there can be a rate hike. A clearer picture will emerge over the next few months

Union Budget 2026 stays focused on fiscal prudence, targets a 4.3% deficit, sustains ₹12.2 trillion capex, and backs rare earths, freight corridors, waterways and data centres, writes Madan Sabnavis

On the whole, the Survey paints a positive picture for the economy as well as outlook, though cautions more on the external environment

At the global level, slower trade will also mean slower growth, especially for export-oriented economies, Sabnavis said. Back home, he feels that the MSMEs will be under pressure again

As Finance Minister Sitharaman has mentioned that the revenue foregone would be Rs 1 trillion, one can assume that it would lead to Rs 70,000 crore of consumption

The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge

Union Budget 2024-25 news: There has been some comfort provided to individuals who opt for the new income tax scheme as there is some rationalisation across the slabs

There are five issues that have been brought up in the Survey which requires discussion

Given the strong platform already constructed by the present government, it would require more fine tuning measures to take the economy ahead

Reserve Bank of India will have to continue to monitor the movements and be nimble to spot volatility in both directions and intervene selectively to reduce excess noise

The monthly per capita expenditure data points to shifts in consumption, but it should not be used for reconfiguring the Consumer Price Index

Budget 2023 has more or less maintained the ratio of size of the budget to GDP to around 15 per cent.

The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis

Banks were challenged in 2022 by the sluggish growth in deposits, which have not kept pace with credit. One reason is that deposits, unlike debt mutual funds, do not offer any tax breaks

The rupee has been one of the best performing currencies and the RBI will be setting the goal post by its actions