Page 41 - India Economy

Focus of Budget on basic amenities for poor, middle class, youth: PM

In his address on 'Aatmanirbhar Arthvyavastha' at a BJP event, he said that post-Covid, the possibility of a new world order is emerging and the initial indicators of it are already visible

Industry hails infrastructure push through Gati Shakti, PPP in Budget

Industry players on Tuesday hailed the announcements for the infrastructure sector in the Union Budget and said the proposal to fund infrastructure through 'Gati Shakti' and public private partnerships will mark the escalation of economic prosperity. Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022 in Parliament. "One of the strongest parts of this Budget is the government's renewed commitment with its continued investment in strengthening the country's infrastructure. The proposal to fund infrastructure through PM Gati Shakti, Public Private Partnerships, etc. will mark the escalation of economic prosperity. "Overall, the budget seems to have given a booster dose to facilitate faster economic growth of the nation; roads is definitely one of the prominent sectors to get deserved focus through adequate funding," IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said. According to EY India Tax Partner Infrastructure Samir ..

Budget 2022: India may become $5-trn economy by FY26 or FY27, says CEA

In 2019, Prime Minister Narendra Modi envisioned to make India a $5 trillion economy by the Financial Year 2024-25

Budget 2022: FM unveils plan to fire economic engines to sustain recovery

Sitharaman said her budget proposals will directly benefit the country's youth, women, farmers, as well as public and private investment

Budget lacks major steps to enhance revenue to off-set spending: Moody's

Deficit target of 6.4% poses uncertainty due to pandemic risks

Factory growth slowed to 4-mth low in Jan; inflation fears hit confidence

The Manufacturing Purchasing Managers' Index, compiled and collected by IHS Markit from Jan. 12-25, fell to 54.0 in January from Dec's 55.5.

Budget for world's fastest growing economy: Key numbers to be watched

The Budget is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and infrastructure creation

Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget

Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey

Economy in stagflation; Budget must tax the wealthiest: Jayati Ghosh

Economy faces 'massive problem' of poor demand and corporations acknowledge that, says the economist.

Inflation is BJP's biggest political problem, making voters sullen

Budget 2022 needs to change opinion in the country, if only to divert attention from unemployment and inflation.

India will again be among world's fastest-growing economies: Patra

RBI deputy governor says private consumption and investment remains a work in progress

Economy needs more hand-holding, fiscal correction can wait: Report

The successive waves of the pandemic has made it more difficult to reduce government debt as a share of GDP in the medium-term, said Goldman Sachs

200 mn jobs missing from Indian economy: Budget must address this crisis

If the government risks keeping its $200 billion fiscal spigots open, then it must aim to give the pandemic-scarred working class a fair shake.

India on growth path with innovation, digitalisation: Vedanta's Agarwal

The whole world wants to visit India and there is a potential to increase tourism by 10 times, since the country has 10,000 years of rich history, he said

Govt tweaks spending norms for Contingency Fund of India

The fund is held by the Department of Economic Affairs on behalf of the President of India and it can be operated by executive action

India's economy has bright spots, 'very dark stains': Raghuram Rajan

Economist and former RBI governor fears 'scarring to the middle class' after pent up economic demand ends.

Budget must strike a balance between growth and equity

The uneven growth across various sectors and unequal distribution of benefits of economic growth cannot be ignored

Buy on dips with a 3-, 5-year horizon: Emkay Investment Managers CEO

"Our inclination is towards sectors that will participate in economic growth like BFSI, consumer discretionary - including auto, capital goods - infrastructure and IT," says Sachdeva

Economic Affairs committee, Union Cabinet to meet virtually today

The Cabinet Committee on Economic Affairs (CCEA) and Union Cabinet meeting will be held on Wednesday via video conferencing.

Modi at WEF's Davos showcases India as future tech & economic powerhouse

Virtually delivering the 'State of the World' special address to the WEF Davos Agenda, PM Modi underlined the role played by India in handling the Covid crisis