Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | December 2021
H I G H L I G H T S • Winter Parliament session gives key economic bills a miss • Farm laws repealed and electoral laws amended• No change in RBI policy stance & benchmark interest rates• Effective hike in reverse repo rate through an indirect route• Growth projection retained at 9.5%, […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | November 2021
HIGHLIGHTS • Indian economy recovers, but its size still at 2019 level• No nod yet for entry of industrial houses into banking• Privatisation bill holds the clue to corporate ownership of banks• Bank privatisation not going to be a one-shot affair• Promoters allowed to hold higher equity stake in banks• […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | October 2021 | Vol 03 Issue 10 | Monthly
HIGHLIGHTS • Robust tax revenue boosts Govt finances in 1st half of 2021-22• Only worry on revenue front caused by poor disinvestment• Exports maintain robust growth in first half of 2021-22• Imports up at a higher pace, widening the trade deficit• Air India privatised, returns to the Tatas after 68 […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | September 2021
H I G H L I G H T S • Higher tax revenues swell Govt coffers, but no relief for deficit yet• Relief for telecom sector: Will players bite the tariff bullet?• Retail Inflation moderates, no relief from wholesale prices• Foreign trade buoyant, with exports rising in August• Industrial […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | August 2021
H I G H L I G H T S • GDP up 20% in Q1 2021-22; its real size lower than Q1 2019-20• National Monetization Plan ambitious, raises questions• Push for new infrastructure scheme, ambivalence on privatization• Scrappage policy to boost auto sales, curb vehicular pollution• RBI monetary policy […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | July 2021
HIGHLIGHTS • Government finances better with higher tax revenues• Poor disinvestment and slow capex rise cause for concern• Delicensing power distribution part of big legislative agenda• Implementing power distribution reform key to its success• New law to pave the way for general insurance privatisation • […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | June 2021
HIGHLIGHTS • Indian economy’s contraction in 2020-21 revised down• April-June 2020 saw India’s worst decline in economic output• Agriculture bucked the overall decline in many sectors• Construction led the recovery from third quarter • Services remained in contraction mode for the whole of 2020-21• Growth forecast for 2021-22 lowered by World Bank, RBI • Sharp variations in Govt’s tax revenue estimates• Actual tax revenues […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | May 2021
• Growth prospects take a hit after 2nd wave of COVID-19• Finance Ministry plays down the overall impact on economy• RBI rolls out package to address concerns over COVID-19• Fillip to bond buying programme to help soften yields • Loan restructuring move to help stressed MSMEs• False cheer on industrial growth, real concern on inflation • […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | May 2021
HIGHLIGHTS • Growth prospects take a hit after 2nd wave of COVID-19• Finance Ministry plays down the overall impact on economy• RBI rolls out package to address concerns over COVID-19• Fillip to bond buying programme to help soften yields • Loan restructuring move to help stressed MSMEs• False cheer on industrial growth, real concern on inflation […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | April 2021
H I G H L I G H T S • Economic growth prospects for 2021-22 take a hit• Inflation concerns may worsen, impacting RBI’s options• Second Covid wave sees fewer curbs on economic activity• A shift in the vaccination strategy; states to do heavy lifting• New strategy reduces Central spend on vaccines• Maruti exudes optimism on car sales• Automobile sales back […]