Will budget 2021-22 spur growth?
3 years, 10 months ago

Will budget 2021-22 spur growth?

Hindustan Times  

The 2021-22 budget, on the face of it, has given a massive fiscal boost to the economy. This takes the share of central government capital expenditure in India’s GDP to 2.48% in 2021-22, the highest since 2015-16, the earliest period for which capital spending data is available at the Centre for Monitoring Indian Economy’s database. In keeping with the targets laid down in the National Infrastructure Pipeline, which targets investment of ₹111 lakh crore by 2025, the Budget has announced three ways to boost infra spending: creating the institutional structure for it; focusing on monetising assets; and enhancing the share of capital expenditure in central and state budgets. It has allocated ₹1.97 lakh crore to the production linked incentive scheme to boost domestic manufacturing in 13 key sectors, so as to make companies in these an “integral part of global supply chains, possess core competence and cutting-edge technology”. “The finance minister has presented a progressive budget, focused on achieving growth through capital investment, job creation, infrastructure and health care build out which will be part funded through disinvestment and privatisation.

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History of this topic

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
2 weeks, 3 days ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 6 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks, 1 day ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts
4 months, 3 weeks ago

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts

Live Mint  

India's central government debt is projected to escalate to ₹185.27 trillion, or 56.8% of GDP, by the financial year 2024-25, up from ₹93.26 trillion, or 49.3% of GDP, in 2018-19, the minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. This projected increase in debt follows a significant rise over the …

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
4 months, 3 weeks ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months ago

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO

Live Mint  

Finance minister Nirmala Sitharaman presented another balanced budget on Tuesday, one that addressed both the immediate and long-term needs of the country. Higher tax collections – gross tax collections rose 19.5% year-on-year – have give the FM room to allocate funds to numerous schemes that will benefit the poor. Providing free electricity to one crore households under PM Surya Ghar …

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation
5 months ago

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 on July 23 as experts widely expect that at least a few populist schemes will be announced which will help boost the rural economy and also create jobs. Here's a look at the macro numbers ahead of Budget 2024: Budget 2024: Experts widely expect that at least a …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
10 months, 2 weeks ago

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman

News 18  

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday. The government’s emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth …

Interim Budget surprises fixed income market
10 months, 3 weeks ago

Interim Budget surprises fixed income market

New Indian Express  

It was expected to be a restricted vote on national accounts, but this interim budget, instead, surprised fixed income markets so much so that the yield of India’s benchmark 10-year government security fell by 9 bps. Firstly, in FY24, not only did India manage to achieve the highest economic growth on the back of heavy public capex, but it did …

How FM struck a fiscal chord: Story of Budget in nine charts
10 months, 3 weeks ago

How FM struck a fiscal chord: Story of Budget in nine charts

Live Mint  

The general elections are around the corner but finance minister Niramala Sitharaman, unlike her predecessor Piyush Goyal in 2019, chose fiscal prudence over any big-bang policy announcements meant to woo the voters. Robust tax collections have given the government room to extend the free foodgrain programme, hike LPG subsidy, and increase the allocation for the rural jobs scheme, all of …

Budget 2024: How economy fared better than estimated, what this means for FY25
10 months, 3 weeks ago

Budget 2024: How economy fared better than estimated, what this means for FY25

Firstpost  

India’s economy continues to remain a bright spot. Also read: Big takeaways from Budget: What Nirmala Sitharaman said on taxes, economy, fiscal deficit What were the revised estimates for FY 2023-24? The revised estimate of the fiscal deficit is 5.8 per cent of GDP, improving on the Budget Estimate, notwithstanding moderation in the nominal growth estimates, Sitharaman said in her …

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Credibility has been a highlight of India’s budgets
10 months, 3 weeks ago

Credibility has been a highlight of India’s budgets

Live Mint  

As per indications, this is likely to be an interim budget, though there is no constitutional provision to present an interim budget before a general election. Even as the interim budget may be devoid of policy announcements, it is important to look at the budget from the lens of what the government would want to achieve from a fiscal policy …

Populist measures may be missing from Budget 2024. Here's why
10 months, 3 weeks ago

Populist measures may be missing from Budget 2024. Here's why

India Today  

Prime Minister Narendra Modi is expected to break the trend of spending heavily on new welfare programs in the Lok Sabha election year ahead of the upcoming Interim Budget for 2024-25. Government targets lowering the fiscal deficit The government's plan to reduce the fiscal deficit by at least 50 basis points in 2024/25, from the current year's target of 5.9 …

Budget 2024: 5 key changes we can expect this year
10 months, 3 weeks ago

Budget 2024: 5 key changes we can expect this year

Firstpost  

On February 1, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget 2024–25. Thus, let’s examine five important charts that provide insight into the interim Budget’s chances before it is announced: Total Revenue vs Expenditures Revenue and spending are the most frequently followed budget metrics, particularly in relation to the growth of the economy. In spite of nominal …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 1 week ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 1 week ago

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%

India Today  

As India gears up for its 2024/25 budget, there are indications that the government is planning to reduce its budget deficit by at least 50 basis points from the current year's target of 5.9 per cent of Gross Domestic Product. Devendra Pant, an economist at India Ratings, was quoted in the report saying that reducing the government's money shortage and …

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
11 months, 2 weeks ago

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates

India TV News  

The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23. Releasing the first advance estimates of National Income for 2023-24, the NSO said, "Real GDP or GDP at Constant Prices in the year 2023-24 is estimated to attain a level of Rs 171.79 …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June
1 year, 4 months ago

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June

ABP News  

The Indian government has already touched 25.3 per cent of its fiscal deficit target for the whole year. According to the data released by the Controller General of Accounts on Monday, the fiscal deficit for the first quarter of the current fiscal year accounts for about 25 per cent of the total fiscal deficit target for the year. According to …

RBI ups GDP growth projection to 7 pc for FY24
1 year, 6 months ago

RBI ups GDP growth projection to 7 pc for FY24

Hindustan Times  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das, however, flagged protracted geopolitical turmoil and global economic fragmentation as risks to the growth outlook. The apex bank projected real GDP growth for the 2023-24 fiscal at 7 per cent, with December and March quarter growth estimated at 6.5 per cent and 6 per cent, respectively. The growth in the first, …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

Jharkhand govt tables ₹1.16 lakh crore budget for FY'24 in assembly
1 year, 9 months ago

Jharkhand govt tables ₹1.16 lakh crore budget for FY'24 in assembly

The Hindu  

The Jharkhand government on Friday tabled a ₹1.16 lakh crore budget for the 2023-24 fiscal in the assembly. "I lay on the table of the House a budget of ₹1,16,418 crore for the financial year 2023-24," Finance Minister Rameshwar Oraon said in the House. In the year 2022-23, the growth rate of our state is estimated to be 7.8% in …

Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry
1 year, 10 months ago

Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

The Hindu  

The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance Ministry said on Thursday. In its Monthly Economic Review, the Ministry said during the December 2022 quarter, various High-Frequency Indicators pointed towards a slowdown in general, as monetary …

India needs a Budget for its young
1 year, 10 months ago

India needs a Budget for its young

The Hindu  

The world is indeed looking up to the Indian economy as a ‘bright star’, as the Finance Minister noted in the Budget speech on February 1. In contrast to capital expenditures, subsidies and social sector spending are considered ‘wasteful’ and, therefore, it is believed, a cut on their outlays will not hurt economic growth. Unwarranted fears about fiscal deficit Inflated …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second …

Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

Budget's main focus is growth; Mumbai should be liking proposals: FM
1 year, 10 months ago

Budget's main focus is growth; Mumbai should be liking proposals: FM

The Hindu  

Union Finance Minister Nirmala Sitharaman on February 4 said growth is the main focus of the Budget for FY24 presented by her recently. The Budget proposals establish both fiscal consolidation and growth, especially inclusive growth, Ms. Sitharaman said during her maiden interaction with stakeholders outside the National Capital since presenting the Union Budget on February 1. We want to sustain …

State economy clocked 12.01% growth in 2021-22: Economic Review
1 year, 10 months ago

State economy clocked 12.01% growth in 2021-22: Economic Review

The Hindu  

The State economy posted a ‘‘strong recovery’‘ in 2021-22 with the Gross State Domestic product clocking a 12.01% growth at constant prices, the Economic Review 2022 published on Thursday said. The annual growth rate of public debt decreased from 14.34% to 10.16%, and the public debt-GSDP ratio from 25.90% to 24.26% in 2021-22 compared to the previous fiscal. State’s own …

A balance between capital outlays and fiscal prudence
1 year, 10 months ago

A balance between capital outlays and fiscal prudence

The Hindu  

The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. There are five issues that need to be analysed in this Budget — three from a growth and fiscal stability perspective and two from a welfare …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

India to face challenges in meeting fiscal deficit target: Report
1 year, 10 months ago

India to face challenges in meeting fiscal deficit target: Report

Hindustan Times  

India could find it challenging to meet the fiscal deficit target of 4.5% of GDP in 2025-26, an analyst at Fitch Ratings said on Wednesday, adding that the country's sovereign rating continues to remain stable. Earlier in the day, an official at Moody's Investors Service had also said that the government's fiscal deficit target for 2025/26 could see some risks. …

Budget 2023 | No separate mention of disinvestment proceeds
1 year, 10 months ago

Budget 2023 | No separate mention of disinvestment proceeds

The Hindu  

The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at ₹60,000 crore, lower than the ₹65,000 crore projected in Budget estimates for 2022-23. For the next …

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman

The Hindu  

Fiscal deficit would be brought down to below 4.5% by 2025-26, Finance Minister Nirmala Sitharaman said on February 1. She also said that tax receipts for the next fiscal are budgeted at ₹23.3 lakh crore and States would be allowed 3.5% of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 10 months ago

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 10 months ago

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report

ABP News  

In just two days Budget 2023 will be presented in the Lok Sabha. According to the survey, the majority of economists expect this Budget "to steer clear of populist measures and focus on strengthening manufacturing and creating jobs." According to HSBC Holding Plc’s chief India economist Pranjul Bhandari, the nation’s path to fiscal consolidation will require a herculean effort. The …

DC Edit | Madam FM, pursue growth above all
1 year, 10 months ago

DC Edit | Madam FM, pursue growth above all

Deccan Chronicle  

The annual pre-Budget halwa has been cooked, served and eaten; and by all means looked delicious. There are three major contexts that would matter most to the maximum number of people and the country would expect that finance minister Nirmala Sitharaman backs and puts money where politically Prime Minister Narendra Modi is most committed to — increase purchasing power of …

Budget 2023: Govt may peg lower nominal GDP growth, says report
1 year, 11 months ago

Budget 2023: Govt may peg lower nominal GDP growth, says report

India Today  

The Union Budget 2023 is just days away and Finance Minister Nirmala Sitharaman will present the plan for the next financial year at a time when India faces multiple growth challenges. Two government officials quoted in a Reuters report said the nominal GDP growth could be pegged at 11 per cent in the budget next week, marking a slowdown from …

Budget 2023: How it impacts stock market; all you need to know
1 year, 11 months ago

Budget 2023: How it impacts stock market; all you need to know

Firstpost  

Finance Minister Nirmala Sitharaman is going to announce the Union Budget 2023-24 on 1 February this year. Along with the businesses and different sectors of this country, the Budget also impacts the Indian stock market. Ridham Desai, Managing Director of Morgan Stanley India, stated that the government’s fiscal deficit target, changes to long-term capital gains tax, and spending plans can …

Budget 2023: How to accelerate growth of Indian manufacturing sector
1 year, 11 months ago

Budget 2023: How to accelerate growth of Indian manufacturing sector

India TV News  

Budget 2023: In recent years, the government has implemented a number of supply-side policies to boost manufacturing, and thus investment and Economic growth. According to the experts, the union budget for 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.“The Indian manufacturing sector anticipates …

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target
1 year, 11 months ago

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target

ABP News  

Finance Minister Nirmala Sitharaman is going to present the last full-fledged Budget of the Modi 2.0 government on February 1 amid a gordian knot of challenges facing the world economy. The government has pencilled in a fiscal deficit target at 6.4 per cent of the GDP for the current financial year for stronger and sustainable growth. The target is consistent …

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