Indian Economy

The Economic Survey 2022 tabled in the Parliament said that the Indian merchandise exports are expected to grow by 16.5 per cent in 2021-22 surpassing pre-pandemic levels.

India’s exports expected to grow by 16.5% in FY22: Economic Survey

Feb 17, 2022

Similarly, it adds that imports are expected to grow by 29.4 per cent in 2021-22 surpassing corresponding pre-pandemic levels.

Pranjul Bhandari, Chief India Economist at HSBC, sat down with Business Today Television's Managing Editor Siddharth Zarabi to discuss the fine-print of Budget 2022-23.

Budget 2022 may force RBI to delay policy normalisation, says HSBC's Pranjul Bhandari

Feb 06, 2022

Talking to Business Today Television, Pranjul Bhandari, Chief India Economist at HSBC said the government is going to borrow a lot of money from the markets which has made the debt markets nervous. If at this time RBI hikes rates or drains out liquidity, then the bond markets may be doubly hurt.

In April 2021, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules.

PLI scheme for domestic solar cells, modules reaches Rs 24,000 cr

Feb 01, 2022

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

While the past two years witnessed counter-cyclical spending by the Central Government to absorb the pandemic’s impact, a more calibrated approach would be required in the future. (Representational image)

Global headwinds may moderate Economic Survey projections: Deloitte

Jan 31, 2022

The world’s fifth-largest economy must brace for higher inflation with a strong possibility of pent-up demand exceeding supply and geopolitical tensions resulting in commodity prices going northwards.

'Tilted W' shaped economic recovery

‘Shape of economic recovery is tilted W’: Sanjeev Sanyal

Jan 31, 2022

Economic Survey 2021-22: Sanyal said that he, along with the best minds in the country, could best come up with ‘tilted W’ to describe economic growth.

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Money raised from capital markets more important than banks: Economic Survey

Jan 31, 2022

Non-food bank credit growth that remained muted during much of the pandemic period has gradually improved and stood at 9.3 per cent as on 31st December 2021, as against 6.6 per cent a year ago, the survey noted.

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Eco Survey: Services sector hardest hit by COVID, expected to grow 8.2% in FY22

Jan 31, 2022

In FY22, its share in India’s Gross Value Added (GVA) declined from 55 per cent in 2019-20 to 53 per cent, according to the Economic Survey.

Economic Survey 2022: Achieving 6.8% fiscal deficit target is easy minus LIC IPO

Economic Survey 2022: Achieving 6.8% fiscal deficit target is easy minus LIC IPO

Jan 31, 2022

The survey clearly says that reaching the Union Budget 2021-22 estimate for fiscal deficit at 6.8 per cent of GDP will not be a concern for the Central Government.

Disinvestment of Air India, however, is just one step that the Government of India has taken to boost the aviation sector.

Economic Survey 2022: Air India sale will boost privatisation drive, says Govt

Jan 31, 2022

It further said that The New Public Sector Enterprise Policy and Asset Monetisation Strategy reaffirm the government’s commitment towards privatisation and strategic disinvestment of PSEs.

Economic Survey 2021-22: Govt projects 8-8.5% growth in FY23

Jan 31, 2022

The report quoted advance estimates that suggested that the real GDP will expand 9.2 per cent in 2021-22, after contracting in 2020-21.

Agriculture continues to be a dominating employment generating sector and contributes a significant proportion to the country’s GDP.

Budget 2022: An opportunity to win back the Indian farmer

Jan 27, 2022

The Budget this year is expected to address the issue of the farmers. It is an opportune moment to win them back.

While the informal employers are light on physical capital, they often require short-term working capital to even out irregular cash flows.

Union Budget 2022: Why the informal sector needs govt support

Jan 19, 2022

Despite formalisation gathering pace, the informal sector continues to employ about 80% of India's labour force and produces 50% of its GDP.

Union Budget may provide 15-20% more for affordable housing

Union Budget may provide 15-20% more for affordable housing

Jan 19, 2022

The upcoming general Budget is likely to provide several sops for the housing sector, including 15-20 per cent higher fiscal support.

Subramanian Swamy is an economist, mathematician and Member of Parliament.

Income tax must be abolished to boost economy: Subramanian Swamy 

Jan 19, 2022

Subramanian Swamy, economist and Member of Parliament, in an exclusive interaction with Business Today, discussed various aspects of the economy and steps needed to bring it back on the right track. 

Asset monetisation target unlikely to be revised in the upcoming Budget

Asset monetisation target unlikely to be revised in the upcoming Budget

Dec 21, 2021

The asset monetisation target is unlikely to be revised in the Union Budget 2022-2023, a source familiar with the matter told Business Today.

Budget 2022: Will Farm Sector Get Booster Shot?

Jan 10, 2022

As agriculture remains the backbone of rural economy in India, the sector is likely to remain in spotlight in the upcoming Union Budget. So, what are the key steps needed to unlock the farm sector's true potential in enhancing productivity and growth? Here's what the Budget 2022-23 may have to provide a booster shot to farmers.

Budget 2022-23: Centre may hike agri-credit target to Rs 18 lakh cr

Budget 2022-23: Centre may hike agri-credit target to Rs 18 lakh cr

Jan 10, 2022

For the current financial year, the government has set a credit target of Rs16.5 lakh crore.

Some noteworthy recommendations are that the government should adhere to its fiscal target of 6.7 per cent and reduce deficit to 4.5 per cent by 2025-26

Budget 2022-23: CII recommends fiscal target of 6.8% of GDP, raising public healthcare investment

Jan 06, 2022

The Confederation of Indian Industry (CII) has laid down key recommendations for the upcoming Union Budget 2022-23 in a document titled Pre-Budget Memorandum 2022-23.

Union Budget 2022-23: Govt asks for suggestions; here's how to submit ideas

Union Budget 2022-23: Govt asks for suggestions; here's how to submit ideas

Dec 27, 2021

The GOI has asked for suggestions from citizens on the upcoming Budget. Last date to submit suggestions is January 7.

This year, the meetings were conducted in virtual mode from December 15-22.

Budget 2022-23: FM Sitharaman concludes pre-Budget meetings

Dec 22, 2021

More than 120 invitees representing seven stakeholder groups participated in eight meetings scheduled during this period.