Says fiscal position weak, but sees strong growth prospects over 2-3 years
What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan
At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya
Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.
The marginal increase in defence outlay is disappointing considering the need to maintain a lean and mean army in a state of perpetual readiness.
It was widely expected that the Budget would be dynamic and lead to demand and investment revival
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
We may well end up with the same budgetary mess that we have experienced this year
If more expenditure in the rural economy is the need of the hour to revive demand, it is debatable if such tax giveaways could have waited till GDP growth picks up a little
The stress in the banks and the NBFCs has led to undermining of confidence in the sector
Is PPP the magic bullet for everything the government wants to do?
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Sitharaman said income tax rates will be significantly reduced for those who forego reliefs, exemptions
Attaining a GDP growth rate of 6 to 6.5 per cent in 2020-21 as projected by the Economic Survey will be challenging, say experts
The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.
According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low
A 10% hike in new firm creation increases district-level GDP growth by 1.8%
There have been similar criticisms of the methodology by other experts as well
Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.
Fiscal targets may have to be relaxed for the current year