Indian Economy Review By Mr AK Bhattacharya, Editorial Director, Business Standard | April 2023

Highlights ● Economy robust, but downside risks dominate upside potential● Positive monetary policy surprise, but inflation still a worry● Budget passed without debate; least sittings in 17th Lok Sabha● India’s demographic challenge: Health care and education● Merchandise goods exports decelerate, but service exports boom● Steady GST growth; direct taxes up, but buoyancy falls● Decline in […]

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 | 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  […]

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