India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran
1 year, 1 month ago

India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran

The Hindu  

The short-term economic prospects is good and growth will be steady in the medium term, upwards of 6%. But, beyond 2030, there are some challenges to be addressed, said V. Anantha Nageswaran, Chief Economic Advisor, Government of India, in Coimbatore on Tuesday. Addressing the members of the Indian Chamber of Commerce and Industry on “India’s Economic Growth Story”, he said India was on track to achieve 6.5% Gross Domestic Product growth this year. Better balance sheets, digital public infrastructure leading to financial inclusion, etc., will ensure steady medium-term growth. “We do not think of investment in R&D expenditure as future profitability insurance.” India’s supply side infrastructure has improved, balance sheets of companies have become better, and its digital revolution is another silver lining, he added.

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History of this topic

If we stay on right track, India can become No. 1 in 20 years: RSS chief
1 month, 1 week ago

If we stay on right track, India can become No. 1 in 20 years: RSS chief

Hindustan Times  

If we stay on the right track, India can become Number 1 in the world in the next 20 years, Rashtriya Swayamsevak Sangh chief Mohan Bhagwat said while addressing a gathering of educators, researchers, and students at the Bharatiya Shikshan Mandal’s three-day “Vision for Viksit Bharat-VIVIBHA 2024” conference in Gurugram on Friday. On the relationship between spirituality and science, he …

Budget 2024: Prioritising inclusivity and fiscal prudence
4 months, 4 weeks ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
5 months ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?
5 months ago

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

News 18  

Union Budget 2024 LIVE: Will FM Will Give Affordable Housing Initiatives? home buyers.” Budget 2024 Expectations Live Updates: Demand For Innovation In Renewable Technologies Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering, said; “As India’s energy demand rises, boosting the share of renewables is crucial for energy security and sustainability, the upcoming union budget is expected to focus on …

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?
5 months ago

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?

Firstpost  

The Narendra Modi government has floated a corpus of Rs 1 lakh crore for long-term zero-interest or low-cost loans for research and development activities In the Interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman put research and innovation at the centre of the pathway of India to be a developed nation by 2047, when it celebrates a hundred years of …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Budget 2024: Delicate balancing by government testament to stability, growth
10 months, 2 weeks ago

Budget 2024: Delicate balancing by government testament to stability, growth

Live Mint  

Navigating the intricate journey of presenting an interim budget in the lead-up to general elections presents a formidable challenge. This has resulted in a delicate balancing act, culminating in a budget that stands as a testament to stability, growth, and the government's unwavering dedication to inclusive development. The government has taken a bold step by elevating the capital expenditure for …

Budget 2024: Research & innovation corpus needs clarity of modalities involved
10 months, 3 weeks ago

Budget 2024: Research & innovation corpus needs clarity of modalities involved

Hindustan Times  

The Union Budget proposal to create a corpus of ₹1 lakh crore for the benefit of private sector research and innovation, with a 50-year interest-free loan cushion, has raised more questions than answers. ‘Not enough, but good start’ Gopichand Katragadda, who was earlier the Group Chief Technology Officer and Innovation Head at Tata Sons and former managing director at GE’s …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?

The Hindu  

Published : Aug 24, 2023 11:00 IST - 6 MINS READ On the completion of 76 years since Indian Independence, a wide range of “informed” opinions from government spokespersons, non-government analysts, and large sections of the domestic and foreign media, enthusiastically or grudgingly declared that, as an economy, India is doing very well. This bounce back from the 5.8 per …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman
1 year, 8 months ago

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman

The Hindu  

Observing that the International Monetary Fund and World Bank have estimated India to be the fastest-growing major economy in 2023, Finance Minister Nirmala Sitharaman has said the Indian economy will stay on course and is likely to grow at 7% in 2022-23. Attending the Plenary Meeting of the International Monetary and Financial Committee at the IMF Headquarters here on Friday …

India must avoid growing into a dystopia
1 year, 10 months ago

India must avoid growing into a dystopia

The Hindu  

The Budget that was presented recently, has received almost universal praise in the English language media. Next, as 2022 drew to a close, the London-based consultancy Centre for Economics and Business Research predicted that by 2035, India’s economy would reach $10 trillion and become the world’s third largest by 2037. A few days ago, a leading Indian financial daily calculated …

India Needs Slowing Global Growth to Boost its Economy, Says CEA Nageswaran
1 year, 10 months ago

India Needs Slowing Global Growth to Boost its Economy, Says CEA Nageswaran

News 18  

Chief Economic Advisor V Anantha Nageswaran on Thursday said almost all the risks to India’s growth scenario come from external factors and pointed out that a slowing global growth rate is exactly what India needs to boost its economic growth. Finance minister Nirmala Sitharaman presented Budget 2023 and announced big relief for taxpayers and a mega push for capital spending …

India's Economic Survey Likely To Peg 2023-24 Growth At Slowest In 3 Years: Report
1 year, 10 months ago

India's Economic Survey Likely To Peg 2023-24 Growth At Slowest In 3 Years: Report

News 18  

India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source. Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, the source said. …

Global slowdown not mirrored in India, says Finance Ministry
2 years ago

Global slowdown not mirrored in India, says Finance Ministry

The Hindu  

India’s economic momentum has been sustained well in the third quarter of 2022-23 and there is cause for cautious optimism as the slowdown in global economic activity is not mirrored in India’s performance of various high-frequency indicators, the Finance Ministry said on December 23, 2022. The downsides of India’s widening current account deficit are expected to be limited by a …

India’s long-term strategy to transition to a ‘low emissions’ pathway involves more nuclear power, more ethanol
2 years, 1 month ago

India’s long-term strategy to transition to a ‘low emissions’ pathway involves more nuclear power, more ethanol

The Hindu  

India on November 14, 2022 announced its long-term strategy to transition to a “low emissions” pathway at the United Nations Conference of Parties ongoing in Sharm el-Sheikh, Egypt, which is premised on expanding its nuclear power capacity by at least three-fold in the next decade, apart from becoming an international hub for producing green hydrogen and increasing the proportion of …

The Indian Economy In 2022 And What We Can Look Forward To In 2023 - News18
2 years, 1 month ago

The Indian Economy In 2022 And What We Can Look Forward To In 2023 - News18

News 18  

Opinion | The Indian Economy In 2022 And What We Can Look Forward To In 2023 Curated By : Last Updated: December 31, 2022, 10:30 IST India is simultaneously moving on all fronts. That the Indian economy is not overburdened with debt, particularly external debt, puts it in a good position to realise its ambitions in 2023 and beyond The …

Nirmala Sitharaman says budget to address growth, inflation concerns
2 years, 2 months ago

Nirmala Sitharaman says budget to address growth, inflation concerns

The Hindu  

Faced with twin challenges of slowing growth rate and high inflation, Finance Minister Nirmala Sitharaman on October 12 said her budget for the next financial year will be ‘very carefully structured’ to help the economy sustain growth momentum and rein in prices. Almost all institutional and private forecasters have cut their projections for India’s GDP growth in the current 2022-23 …

India is doing better and in relatively bright spot compared to others: IMF
2 years, 2 months ago

India is doing better and in relatively bright spot compared to others: IMF

Deccan Chronicle  

Washington: When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund official said on Tuesday. In that context, India is doing better and is in a relative bright spot compared to the other countries in …

How to sustain 7% growth for India
2 years, 3 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI
2 years, 8 months ago

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI

News 18  

India’s gross domestic product is expected to have grown nine per cent in the financial year 2021-22, which is the highest among the leading economies, and the growth is likely to be over eight per cent in the current financial year, according to the PHD Chamber of Commerce and Industry. “At this juncture, the percolation of ease of doing business …

India economy to grow at quickest pace among large nations: Finmin report
2 years, 10 months ago

India economy to grow at quickest pace among large nations: Finmin report

The Hindu  

The Indian economy is poised to grow at the quickest pace among the league of large nations on the back of various initiatives taken by the government in Budget 2022-23, said the Finance Ministry's Monthly Economic Review. "In a testimony to the resilience of its people and the farsightedness of its policymaking, the Indian economy that contracted by 6.6 per …

Budget 2021: Why R&D needs much needed push
3 years, 10 months ago

Budget 2021: Why R&D needs much needed push

India TV News  

By L Divya With the commencement of the Budget session in the Parliament on January 29, 2021, the Economic survey 2020-21 was tabled by Finance Minister Nirmala Sitharaman. The recommendations made by Chief Economic Advisor to the Government of India Krishnamurthy Subramanian in the Economic Survey 2020-21 is about the need to ‘significantly Increase’ the investment in R&D by the …

Economic Survey predicts 11% growth in fiscal 2022
3 years, 10 months ago

Economic Survey predicts 11% growth in fiscal 2022

The Hindu  

India’s economy is firmly in the middle of a V-shaped recovery and will bounce back to record 11% growth in 2021-22 after an estimated 7.7% contraction this year, according to a ‘conservative’ estimate in the Economic Survey for 2020-21. Making a strong pitch for the government to loosen its purse strings to spur the economy with a ‘counter-cyclical fiscal push’ …

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come
3 years, 10 months ago

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come

News 18  

The Union Budget of 2021 must look beyond revenue and expenditure estimates for the next year. In the short term, all four engines of economic growth – consumption, investments, government expenditure and exports – need to fire at full throttle. This year’s Budget provides an excellent opportunity to rid India of its credit malaise by selling the government’s equity stake …

India's research and development sector funding for science, technology is stagnant: Quō vādis?
4 years, 1 month ago

India's research and development sector funding for science, technology is stagnant: Quō vādis?

Firstpost  

Looking at India’s problems of farm productivity, public health, renewable energy, something isnt’ right if the departments involved are contributing only a quarter of the already low GERD. Even in the Central Government GERD, 93 percent GERD contribution of Central government was incurred by 12 major scientific agencies_,_ of which the Defence Research and Development Organization accounted for the biggest …

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