Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | September 2022
HIGHLIGHTS Draft telecom bill triggers debate over regulation Worries over rupee depreciation and the CAD problem Liquidity crunch signals fresh challenges for growth Cabinet moves on logistics, chips and solar power India Inc capital expenditure rising slowly Tax buoyancy continues; 2nd half growth may slow Mixed signals from GDP and inflation numbers Facelift for Railways’ […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | August 2022
HIGHLIGHTS Finance ministry bets on rural demand recovery Mixed signals from Govt finances in April-June 2022 Inflation remains elevated, though on a decelerating path No escape for RBI from presenting inflation report to Govt Industrial growth up but marginally above pre-Covid days Exports growth slows; annual increase could be just 14 per cent No respite […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | July 2022
HIGHLIGHTS 5G auctions make headway, fetch record revenues Another BSNL package to clean up its balance sheet Govt taxes the oil sector to meet higher spending burden Making oil producers and exporters share their spoils Quick roll back of new oil taxes benefits some companies GST buoyancy brings cheer to North Block Exports […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | June 2022
HIGHLIGHTS Five years after, GST compensation issue remains unresolved Rupee depreciation continues, RBI uses forex reserves GDP growth 8.7 % in 2021-22, but will be lower in 2022-23 Tax revenues buoyant, but slippage in deficit target unavoidable Finance Ministry report raises concerns over likely twin deficits Higher expenditure outlays create fresh burden for […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | May 2022
HIGHLIGHTS RBI Annual Report offers different strokes on economy Lower RBI dividend for Govt as provisions see a five-fold rise Falling circulation of currency notes of Rs 2000 denomination Headwind for privatisation as proposals run into trouble Disinvestment receipts look up, set to exceed 2022-23 target Inflation on a rising spree, while industrial […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | April 2022
HIGHLIGHTS Gross tax collections bonanza for the Centre in 2021-22 Pleasant surprise on revenue from direct and indirect taxes Better planning and forecasting on tax collections Conservative revenue planning for 2022-23 stands in good stead No cheer from growth and inflation forecast for India Relief from IMD’s normal monsoon forecast in 2022 […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | March 2022
HIGHLIGHTS Exports touch a new high FDI inflows decelerate Indian economy faces headwinds Inflation scenario looks grim Pressure on Centre’s deficit Retail oil price strategy Moves on bank privatisation Tax collections buoyant Exports touch a new high Almost a decade ago, India’s merchandise goods exports had crossed the $300 billion mark. That […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | February 2022
H I G H L I G H T S • India’s oil sector policy hit by Russia-Ukraine conflict • Retail inflation management would cause concern• Govt choices limited as agri-commodities prices will go up• Impact on government finances may be manageable• Question mark over consumer spending and pace of recovery• Real estate, […]
Special Report on Budget 2022
HIGHLIGHTS • Surprises galore in the fiscal mathematics of Budget 2022• Marginal fiscal slippage• A few imponderables• Focus on fiscal consolidation• No respite from debt overhang• Higher interest burden choking expenditure• Transparency in Budget accounting• Growth assumptions puzzling• Tax revenue growth underestimated• Tax revenue next year may be a pleasant surprise• Realism in disinvestment receipts• […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | January 2022
HIGHLIGHTS • First print of 2021-22 GDP out, many more to come • Significant variations in six versions of the GDP data• GDP growth in 2021-22 to help project Budget numbers• Low demand continues to be a cause for concern• GST collections on the […]