Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | October 2023
Govt confident on growth prospects despite global headwinds The latest economic review, released by the government in the third week of October, exudes confidence about the Indian economy’s performance in the current year, even while it underlines the challenges posed by weather uncertainties and global headwinds like “adverse geopolitical turns and volatile crude oil […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | July 2023
Highlights Govt comfortable with Q1 2023-24 revenues and fiscal targets Multidimensional poverty down, rural-urban divide continues Govt releases Annual Economic Review, outlines pros and cons Exports decline continues, signs of weakness in service exports Retail prices higher, IIP growth also up with wholesale deflation Kharif sowing picks up, but monsoon and its spread hold the […]
Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | June 2023
Highlights Tax collections growth slows, but non-tax revenues are robust Trade winds remain rough for Indian economy Monsoon delays and El Nino fears cause concern BSNL is the new Air India, gets another financial package Higher MSP for kharif crop, but stock limit on wheat imposed Inflation moderates, but worries and challenges remain High-frequency indicators […]
Indian Economy Review By Mr AK Bhattacharya, Editorial Director, Business Standard | May 2023
Highlights ● High-frequency indicators in April augur well for economy● Inflation, unemployment down, but no cheer from FDI & exports● Cheaper Russian crude oil imports, but no impact on retail prices● Many questions over withdrawal of Rs 2000 currency notes● Controversy over 20 % TCS on credit card transactions● RBI dividend bonanza for Centre to […]
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 […]
Indian Economy Review By Mr AK Bhattacharya, Editorial Director, Business Standard | November 2022
Highlights ● Trade pact with Australia indicates a positive tur● Mixed outcomes for India from climate deal at COP27● India takes charge of G-20, promises inclusive agenda● Disturbing signals on FDI and exports fronts● Insolvency resolution gathers momentum, but delays persist● Easing inflation in retail as well as wholesale segments● Tax collections up, augurs well […]
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 | 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 […]