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.

Updated : Feb 17, 2022

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

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.

Updated : Feb 6, 2022

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

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.

Updated : Feb 1, 2022

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

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.

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

Updated : Feb 1, 2022

Budget 2022: An opportunity to win back the Indian farmer

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

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)

Updated : Jan 31, 2022

Global headwinds may moderate Economic Survey projections: Deloitte

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.

Updated : Jan 31, 2022

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

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.

Updated : Jan 31, 2022

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

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.

Updated : Jan 31, 2022

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

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.

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Updated : Jan 25, 2022

Budget 2022: Will Farm Sector Get Booster Shot?

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.

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

Updated : Jan 21, 2022

Union Budget 2022: Why the informal sector needs govt support

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

Updated : Jan 21, 2022

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

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.

Updated : Jan 19, 2022

Income tax must be abolished to boost economy: Subramanian Swamy

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.

Updated : Jan 19, 2022

Asset monetisation target unlikely to be revised in the upcoming Budget

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

Updated : Jan 17, 2022

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

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

Updated : Jan 17, 2022

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

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.