For the Union Budget, the priorities and challenges
2 years, 11 months ago

For the Union Budget, the priorities and challenges

Hindustan Times  

The 2022 Union Budget will be presented as India completes two tumultuous years of the Covid-19 pandemic and the attendant economic slowdown. The Centre for Economic Data and Analysis at Ashoka University discussed Pew Research Centre’s estimates for India, which showed that the country’s middle-income population shrunk by 32 million. This context to the 2022 budget reinforces the point that overall economic policy must be directed towards providing succour to the large number of Indians in absolute or near-poverty through cash, in-kind transfers, in addition to job creation, with a special focus on drawing women into paid work. To repeat some of the key focal points, focus on employment expansion, including but not limited to MGNREGA, cash and food support to daily wagers and informal workers, safety nets for large segments of vulnerable workers, including those in the gig economy, payroll support to small employers, and access to health care must be an integral part of the budget exercise.

India Budget Economic 2020 Indians 2021 Pandemic Increased  budget  priorities  public  care  challenges  economic  union  2021  india  covid19  pandemic  increased  2020

History of this topic

Union Budget 2024: Political Uproar Expected in Parliament Today, Watch Video | ABP News
5 months ago

Union Budget 2024: Political Uproar Expected in Parliament Today, Watch Video | ABP News

ABP News  

Finance Minister Nirmala Sitharaman presented the Union Budget on Tuesday. The biggest relief for millions of new tax regime taxpayers comes in the form of an increase in the standard deduction. During her budget speech, Finance Minister Nirmala Sitharaman emphasized her primary goals of job creation, skill development, support for small industries, and relief for the middle class. Changes in …

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News
5 months ago

Union Budget 2024: INDIA Alliance to Protest Against Budget Today | ABP News

ABP News  

Nirmala Sitharaman: On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget. Key highlights include increased standard deductions and expanded benefits for new tax regime taxpayers, though some disappointment exists over higher short-term and long-term capital gains taxes and the removal of indexation benefits. The budget also targets job creation, skill development, and support for small businesses, with incentives for …

Letters to The Editor — July 24, 2024
5 months ago

Letters to The Editor — July 24, 2024

The Hindu  

Union Budget 2024-25 Contrary to the previous Budgets, it is quite appreciable to note nine priority items have been framed for focused attention and to ensure overall development. E-vouchers and financial support to students for a sum of up to ₹10 lakh for higher education in domestic institutions and upgrading 1,000 ITIs as a hub and spoke model are novel …

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs
5 months ago

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs

Hindustan Times  

The Union Budget is not merely a statement of accounts — it is a declaration of the nation’s economic priorities. By this yardstick, this budget reflects poorly on the Narendra Modi-led government and bodes ill for India’s political and economic future. Two key initiatives have been borrowed from the Congress’s Nyay Patra for the 2024 Lok Sabha elections: the internship …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget 2024: Where does Centre spend the most money?
5 months ago

Union Budget 2024: Where does Centre spend the most money?

Hindustan Times  

Union finance minister Nirmala Sitharaman presented Union Budget in Parliament of Tuesday. Union Budget 2024: Union finance minister Nirmala Sitharaman with the Budget tablet arrives at the Parliament to present the Union Budget 2024-25 during the Monsoon Session, in New Delhi on Tuesday. "The fiscal consolidation path announced by me in 2021 has served our economy very well, and we …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

Budget 2024: These five pieces you can’t miss
5 months ago

Budget 2024: These five pieces you can’t miss

Live Mint  

Mint brings you five curated pieces on the Budget. Budget: The election outcome and voter concerns can offer Sitharaman some clues Rajrishi Singhal discusses the potential impact of the recent Lok Sabha election results on the Union Budget. With the Bharatiya Janata Party losing significant ground, key considerations may include the resurgence of state-specific voting patterns, the need for increased …

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards
5 months ago

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards

Firstpost  

As the country waits with bated breaths for the 2024 Union Budget, here’s a look at some of the big themes experts believe will take centre stage With the completion of the customary Halwa Ceremony, Finance Minister Nirmala Sitharaman is all set to table the 2024 Union Budget. Key themes before Sitharaman shows her cards According to analysts, the following …

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?
5 months, 1 week ago

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?

News 18  

Budget 2024 Expectations from Education Sector Union Budget 2024 Latest Updates: In the new globalised world, education has become the passport to progress and students across India are looking for opportunities. Budget 2024 Wishlist from Healthcare Sector Union Budget 2024 Latest Updates: Healthcare is a rapidly growing sector in the country but needs attention from the government to ensure access …

Budget 2024: These are 7 demands by government employees' union for Centre
5 months, 2 weeks ago

Budget 2024: These are 7 demands by government employees' union for Centre

Hindustan Times  

The Confederation of Central Government Employees and Workers sent a proposal to the Centre with seven demands ahead of the Union Budget 2024. The union demanded the constitution of the 8th Pay Commission, restoration of the OPS, release of the 18-month dearness allowance and relief which was frozen during the Covid-19 pandemic to employees and pensioners among other things, in …

Rise in public health spending due to States, not Centre
7 months ago

Rise in public health spending due to States, not Centre

The Hindu  

Public spending on health in India has historically remained low. Note: Union government spending includes spending by Ministry of Health and Family Welfare and Min of AYUSH Furthermore, a significant part of the increase in health investment as a percentage of GDP during the pandemic needs to be attributed to the negative and low growth of GDP, while absolute increase …

The budget does well on both the big Cs: Capex and consolidation
10 months, 2 weeks ago

The budget does well on both the big Cs: Capex and consolidation

Live Mint  

Emphasis on the two big Cs—Capex and Consolidation—was the hallmark of India’s interim budget for 2024-25. The government’s concerted focus on capex-led growth has kept the economy in good stead, aiding its emergence as the fastest-growing major economy in the world for three consecutive years by logging 7%-plus real gross domestic product growth. The budget ticked all the boxes on …

Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties
10 months, 3 weeks ago

Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties

The Hindu  

In a bid to reduce the fiscal deficit, the Union government has cut down on expenditure that has led to welfare schemes and capital expenditure being curtailed and this would negatively impact future growth and economic fundamentals, the CPI said critiquing the 2024 Interim Budget. The Union Budget, the CPI Polit Bureau said in a statement here, reveals the grim …

Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

Budget 2024: It’s tax buoyancy that shrank the deficit
10 months, 3 weeks ago

Budget 2024: It’s tax buoyancy that shrank the deficit

Live Mint  

A quick glance at the fiscal arithmetic reveals that there is no severe fiscal austerity proposed in the budget. Given nominal GDP growth of 10.5% and aggregate tax revenue growth of 11.5%, the government has met its fiscal deficit target through tax buoyancy, and not through severe public expenditure reduction. As against a 2023-24 Budget Estimate of ₹61,000 crore, the …

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

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 …

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: 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 …

Budget 2024: How Union budget is prepared? Explained in 7 points
11 months, 4 weeks ago

Budget 2024: How Union budget is prepared? Explained in 7 points

Hindustan Times  

The budget is an annual financial statement that lays out the government’s proposed expenditures and revenues for the upcoming fiscal year, which begins on April 1st and ends on March 31st of the following year. Nirmala Sitharaman, Union minister for finance and corporate affairs along with the ministers of state for finance, Pankaj Chaudhary and Dr. Bhagwat Kishanrao Karad and …

CM asserts that 293 of the 390 Budget announcements made last year have been implemented
1 year, 10 months ago

CM asserts that 293 of the 390 Budget announcements made last year have been implemented

The Hindu  

Dismissing Opposition allegations, Chief Minister Basvaraj Bommai on Friday asserted that 293 of the 390 Budget announcements made last year had been implemented. Replying to the debate on the State Budget in the Legislative Council, the Chief Minister said 90% of the Budget expenditure would be spent by the end of this financial year. “Going by the current tax collection, …

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 …

Key takeaways from Union Budget 2023-24 in charts
1 year, 10 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24
1 year, 10 months ago

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

The Hindu  

If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face of it. Terming it the …

Making India the No 1 economy in the world is our priority: Bandi
1 year, 10 months ago

Making India the No 1 economy in the world is our priority: Bandi

Deccan Chronicle  

NEW DELHI: BJP state president and MP Bandi Sanjay Kumar welcomed the ‘wonderful’ Union Budget as it will cater to the needs of all sections of people. The BJP state president said that some sections believed that the budget will be an ‘election budget’, but Modi showed that he is moving ahead with a longer vision. Meanwhile, BJP OBC morcha …

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 …

Budget 2023 | Nirmala Sitharaman announces fund to encourage agri-startups
1 year, 10 months ago

Budget 2023 | Nirmala Sitharaman announces fund to encourage agri-startups

The Hindu  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2023-24, announced the setting up of an agriculture accelerator fund to encourage agri-startups by young entrepreneurs in rural areas. Talking about the need to develop digital infrastructure to aid the agriculture sector in the country, Ms. Sitharaman said that digital public infrastructure for agriculture will be built as an ‘open source, …

Budget 2023 | BJP plans nationwide campaign on Union Budget to highlight pro-people measures
1 year, 10 months ago

Budget 2023 | BJP plans nationwide campaign on Union Budget to highlight pro-people measures

The Hindu  

The BJP will start a 12-day nationwide campaign on February 1 to make people aware of the "pro-people" measures that are to be announced in the Union Budget, party leaders said. BJP president J. P. Nadda has formed a task force comprising nine members, including party general secretary Sunil Bansal and heads of its farmer and youth wings, to organise …

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'
1 year, 10 months ago

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'

ABP News  

Budget 2023: The crucial day is here when Prime Minister Narendra Modi-led NDA government 2.0 will be presenting its last full-fledged budget ahead of the Lok Sabha polls in 2024. Taxpayers are hoping for further exemption in the current taxable income from Rs 2.5 lakh per annum to Rs 5 lakh per annum. Introduced in Budget 2020, the new tax …

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 …

Union Budget 2023-24: Why this year's Budget needs to be seen through the lenses of India as a rising power
1 year, 10 months ago

Union Budget 2023-24: Why this year's Budget needs to be seen through the lenses of India as a rising power

Firstpost  

Budgets are always instruments, not only for assessing expenditure and income, but also for projecting what kind of nation a country wishes to be seen as India has been a low-middle-income country for a decade now, and this decade must be about its transition to middle-middle income status. Rising India is likely to signal in this budget that not only …

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 …

Budget 2023: What do common people EXPECT from central government this fiscal year?
1 year, 10 months ago

Budget 2023: What do common people EXPECT from central government this fiscal year?

India TV News  

Union Budget 2023: Ahead of the Union Budget for the fiscal year 2023-24, citizens across a wide segment of society have voiced their expectations. Passengers upbeat about Vande Bharat trains and Bullet Trains project The Vande Bharat trains and the Bullet Trains project also attracted a lot of excitement from the passengers. Passengers demand more trains Meanwhile, regular railway travellers …

The role of taxes in the Union Budget
1 year, 10 months ago

The role of taxes in the Union Budget

Hindustan Times  

Among the most watched statistics in the Union Budget are the previous year’s tax collections and projections for the next fiscal year. Assuming that tax buoyancy – it is change in tax per unit change in GDP – remains unchanged, 2022-23 tax collections should be higher than the Budget Estimate numbers. Tax buoyancy assumed in the Budget will be an …

It’s a digital budget, for 3rd year in a row
1 year, 10 months ago

It’s a digital budget, for 3rd year in a row

Live Mint  

The upcoming budget will be a paperless one, just as in the previous two years, and will be available in the digital form on an app downloadable on Android and iOS platforms. All budget documents and annexures will be available in Hindi and English on the app as soon as finance minister Nirmala Sitharaman finishes her budget speech on 1 …

Union Budget 2023-24: Aiming For A Fine Balance
1 year, 10 months ago

Union Budget 2023-24: Aiming For A Fine Balance

News 18  

The Indian economy has been recovering well from the pandemic. With this context, restricting GFD/GDP to around 5.8 per cent should be targeted and ensure the government remains committed to the target of reaching 4.5 per cent by FY2026. We see five key reasons for a limited space for a “populist” Budget — Lower tax revenue growth, given lower GDP …

Union Budget 2023: Here are key reforms that salaried class can expect
1 year, 11 months ago

Union Budget 2023: Here are key reforms that salaried class can expect

India Today  

The Union Budget is eagerly anticipated every year - by the common man, the rich, corporations, partnership firms, stock market investors – for the significant impact it has on their finances. The government could reduce the highest tax rate from 30 per cent to 25 per cent to give more purchasing power and provide some relief to salaried employees. Also, …

Will Union Budget 2023 Help in Boosting the Indian Economy?
1 year, 11 months ago

Will Union Budget 2023 Help in Boosting the Indian Economy?

News 18  

The Union Budget is one of the most awaited documents presented by the Government of India. However, with inflation and with post-pandemic recovery boosting tax revenues, it is expected that the central gross fiscal deficit will be contained at the target of 6.4% for this fiscal year. In the previous Budgets, the FM had opted for a longer fiscal consolidation …

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 …

Union Budget 2023-24: What healthcare sector expects from Finance Minister
1 year, 11 months ago

Union Budget 2023-24: What healthcare sector expects from Finance Minister

Firstpost  

The Parliamentary session of the Union Budget is likely to be held on 31 January, 2023, as per reports. Just like every sector of this country, the healthcare sector also has big expectations from this year’s budget The Union Budget 2023-24 is just around the corner. Just like every sector of this country, the healthcare sector also has big expectations …

What India may get from this budget
1 year, 11 months ago

What India may get from this budget

Hindustan Times  

As we approach the 2023-24 Union Budget, it is difficult to deny that India’s fiscal position, the banking system, and economic recovery appear to be much better than what one may have feared in March 2020. Indeed, the improvement in India’s tax-to-Gross Domestic Product ratio, which is often attributed to an unequal recovery with larger corporations gaining market share, has …

Chandrajit Banerjee | India needs ‘growth’ Budget as global risks get amplified
1 year, 11 months ago

Chandrajit Banerjee | India needs ‘growth’ Budget as global risks get amplified

Deccan Chronicle  

The forthcoming Union Budget, to be presented in Parliament by finance minister Nirmala Sitharaman on February 1, will be the first real post-Covid Budget and the last full-year Budget before the general election is announced. As per the latest government numbers, the economy remains on track to achieve the fiscal target of 6.4 per cent of GDP on the back …

Budget 2023: What tax experts in India really want from Finance Minister Nirmala Sitharaman
1 year, 11 months ago

Budget 2023: What tax experts in India really want from Finance Minister Nirmala Sitharaman

India TV News  

As the government prepares to release the budget 2023, tax experts in the country are keenly watching for announcements that will impact the nation's economy. In the upcoming budget, tax experts in India are expecting Finance Minister Nirmala Sitharaman to announce measures to boost economic growth and support small and medium-sized businesses. Tax experts are calling for measures to boost …

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms
1 year, 11 months ago

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms

India TV News  

Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. FAQs Q1: When is the Indian Union Budget presented? A: The Indian Union Budget is presented on the first day of February, by the Finance Minister …

Budget 2023: 10 interesting facts about Indian Union Budget
1 year, 11 months ago

Budget 2023: 10 interesting facts about Indian Union Budget

India TV News  

Budget 2023 is an annual event where the government presents its financial plans for the upcoming fiscal year. The Union Budget not only lays out the government's financial plans but also gives insight into its economic and social priorities. Union Budget 2023: FULL COVERAGE Here are 10 interesting facts about the Indian Union Budget that you may not know: The …

What will be the math behind Budget 2023?
1 year, 11 months ago

What will be the math behind Budget 2023?

Live Mint  

In the upcoming Union budget, the Centre will make prudent promises as always about keeping its finances in check. That’s changed: a fresh estimate released on Friday predicts growth at 15.4%, which means the Centre can keep its 6.4% promise even if fiscal deficit overshoots the target by about ₹0.9 trillion. View Full Image Mint Fiscal Hole In its budget …

Union Budget 2022 and post-pandemic development imperatives: Between theatrics and action | View
2 years, 1 month ago

Union Budget 2022 and post-pandemic development imperatives: Between theatrics and action | View

India Today  

This essay examines the Union Budget 2022 from the perspective of the changing paradigm of development governance as acknowledged globally. Seen from that perspective, the Union Budget 2022 becomes extremely important as the country witnesses the third wave of the pandemic, and the domestic economy being still on “recovery mode” from the pandemic-induced shocks over the last two years. Additionally, …

Economy may take more than a decade to overcome COVID-19 losses: RBI report
2 years, 7 months ago

Economy may take more than a decade to overcome COVID-19 losses: RBI report

The Hindu  

The Indian economy may take more than a decade to overcome the losses caused by the outbreak of COVID-19 pandemic, according to Reserve Bank of India’s Report on Currency and Finance. Taking actual growth rate of 6.6% for 2020-21, 8.9% for 2021-22 and assuming growth rate of 7.2% for 2022-23 and 7.5% beyond that, India is expected to overcome COVID-19 …

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