Two cases tested positive for the coronavirus infection in India on Monday, after the initial set of three cases in Kerala were successfully treated
On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019
Govt spending would be a key driver of mild improvement in GDP growth, says ICRA
Dispelling concerns over the slowdown, Dalmia said that tough times don't last but tough nations do
Only a couple of sectors in India are likely to see some disruptions but alternatives are being explored to overcome those issues, he said
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018
However, the finance minister has achieved a "balancing act" through her moves, Goyal said
The rating agency sees growth recovery over two to three years
"Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser to govt, said
Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019
What the Budget does to revive demand will determine if the economy can shrug off slowdown and regain momentum.
'These forecasts appear ambitious given the combination of structural and cyclical challenges that the Indian economy faces'
If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent
With a conservative lens, these are the numbers that looked plausible, Chakraborty said
Tied spending, revenue crunch mean the finance minister did the best she could on financing the deficit
Fertiliser subsidy down, food subsidy up
The fiscal multiplied impact of higher government consumption spending is coupled with signal to household sector to spend more
Adding these borrowings, amounting to Rs 1.86 trn, to the Rs 7.96 trn projected fiscal deficit would take the actual deficit to 4.37% of GDP, and not the official 3.5% estimate
Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added