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, […]
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 […]
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 […]