In nominal terms, India's gross domestic product is expected to grow at 7.5 per cent, a multi-decade low, suggesting that tax revenues and individual incomes may remain under stress
Advance estimates show growth revival remains a daunting task
With a fresh assessment of the state of the economy, all stakeholders would now look forward to the Union Budget to see how the government plans to revive growth
Besides, uncertainty over the capital infusion proposal for the public sector banks (PSBs) under the upcoming Union Budget for 2020-21 has also soured investor sentiment.
The official data shows that, for example, the agriculture ministry has spent 49 per cent of its budgeted expenditure till November-end, compared to 70 per cent for the same period last year
Revenues for 2019-20 projected in the July Budget simply cannot be realised
The target to nearly double the size of the economy to $5 trn is just a phase and the targets are bigger and higher, says Modi
Apart from higher yields, the mood at the financial counters was dampened on the report that the government may not propose fresh capital infusion under Union Budget 2020.
Govt should transparently present the state of its finances
The new provision is likely to come in Budget next month
Even persons with savings are wary due to low growth in per capita income
I think you have to get the demand side going... you need to get money in the hands of people who will spend it now, people who need the money, says Abhijit Banerjee
The government has asked all departments to restrict the expenses to 25 per cent of the Budget Estimate (BE) in January-March
The number wasn't imported from the Maastricht Treaty, but is a synthesis of the experiences of various countries within and outside the accord
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Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.
India, once the poster child of economic growth in the developing world, grew at the slowest pace in six years during the July-September quarter.