Indian Economy Review | February 2020
Coronavirus impact: No signs of an improvement in economic outlook The economic outlook showed no signs of any improvement in February. The impact of the outbreak of coronavirus, starting from Wuhan in the Hubei province of China and now threatening to engulf many other countries, will be felt not just in terms of the loss […]
SPECIAL ISSUE: Union Budget Review by Mr A K Bhattacharya, Editorial Director, Business Standard | February 2020
REVIEW OF THE UNION BUDGET 2020 The maths behind the headline fiscal deficit number Extra-Budget borrowing up, raising both transparency and concern A big jump in disinvestment target, making execution the key Banking on non-tax revenues again, but worrying drop in PSU dividends Tax initiatives: Away from exemptions, but dividend tax for recipients Concerns over […]
Indian Economy Review | January 2020
Mixed signals for the financial sector; more resilient but NPAs may rise While many banks have begun reporting better financial performance (ICICI Bank declared a 158 per cent jump in its net profit for the third quarter of 2019-20, for instance), the overall prospects for India’s financial sector appear to be quite mixed. A quick […]
India Economic Review | December 2019
Growth worries persist, but where are the green shoots? Managers of the Indian economy so far have had no respite from worries over an economic slowdown. On November 29, the Central Statistics Office released the gross domestic product (GDP) numbers for July-September 2019, which placed growth at 4.5 per cent, a six-year low. Coming on […]
India Economic Review | November 2019
Privatisation gets a boost, but a few areas of concern The Narendra Modi government has now sent out signals that it is not averse to the idea of privatisation in a few select cases. On November 20, the Union Cabinet Committee on Economic Affairs took three important decisions. One, it approved privatisation of three state-controlled […]
India Economic Review | October 2019
India Economic Review | September 2019
Bold Moves, But Not Yet Out Of The Woods The last few weeks have seen the Union government in firefighting mode. As the signs of an economic slowdown became increasingly more evident, the Union finance ministry came out with a slew of measures – as many as four packages in as many weeks – in […]