States in focus, a budget that seeks to lift all boats
10 months, 3 weeks ago

States in focus, a budget that seeks to lift all boats

Hindustan Times  

NITI Aayog’s discussion paper, “Multidimensional Poverty in India since 2005-06”, shows that nearly 250 million Indians moved out of multidimensional poverty between 2013-14 and 2022-23. Interim Budget 2024-25, through its focus on the upliftment of garib, mahila, yuva and annadata, seeks to ensure that the tangible development gains of the last decade are sustained and further accelerated. This signals India’s macroeconomic resilience as despite huge shocks, including Covid-19, we have emerged with a strengthened financial sector, buoyant equity markets and inflation converging to our targets. The Interim Budget has announced a corpus of ₹1 lakh crore with a 50-year interest-free loan for providing long-term financing or refinancing with long tenures and low or nil interest rates.

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History of this topic

Agenda before the new regime in Maharashtra
2 weeks, 5 days ago

Agenda before the new regime in Maharashtra

Hindustan Times  

On November 23, 2024, Maharashtra’s electorate delivered the most decisive state assembly verdict since 1995, handing the Bharatiya Janata Party -led Mahayuti a landslide victory. This vision, complemented by infrastructure projects such as the Atal Setu and the DB Patil International Airport near Navi Mumbai, underscores Maharashtra’s critical role in shaping India’s future. Additionally, the ₹58,000 crore connectivity plan announced …

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads
1 month ago

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads

India Today  

Maharashtra, India's most prosperous and second most populous state, has been a marvel that has often defied the conventional tale of modern development. In 1947, at the time of India’s independence, the regions of West Bengal, Maharashtra, and Tamil Nadu led much of India's economic activity as large British presidencies. On the human capital front, the state traditionally possessed strong …

The Indian economy is yet to fully escape the state’s shackles
1 month ago

The Indian economy is yet to fully escape the state’s shackles

Live Mint  

Indian citizens are hesitatingly capitalist. For capitalism to work for a large majority of people, you need institutions to encode and enforce the rules, and prosperity to fund the welfare payments required to uplift specific disadvantaged segments of the population. This column, the sixth in the series on the ‘quantity to quality’ reforms required for India to achieve upper-income status, …

A road map for India to grow at 10% rate over the next three decades
1 month, 2 weeks ago

A road map for India to grow at 10% rate over the next three decades

Hindustan Times  

India needs robust growth to meet the aspirations of our people. A focus on labour intensive manufacturing and exports can improve our current account balance. Such growth rates will require strong fiscal health, a thriving manufacturing sector, liveable cities, skilled human capital, and be driven by private investment. Manufacturing Exports A focus on labour intensive manufacturing and exports can also …

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment
1 month, 4 weeks ago

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment

ABP News  

India's economic policies are rooted in inclusive growth and social empowerment. The government has implemented various initiatives such as the PM Ujjwala Yojana, Swachh Bharat Mission, and the Jan Dhan-Aadhaar-Mobile trinity to improve access to essential services, reduce financial exclusion, and minimize leakage through targeted DBTs.

States' Economic Potential: A Focus on Growth and Prosperity
2 months ago

States' Economic Potential: A Focus on Growth and Prosperity

New Indian Express  

NITI Aayog emphasizes the crucial role of states in achieving Viksit Bharat by 2047. The focus will be on accelerating economic growth at the state level to achieve this goal. The states with the largest economies, such as Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, and Delhi, will be prioritized in economic policy strategies.

‘Further reforms needed for India to reach developed country status by 2047’
4 months, 3 weeks ago

‘Further reforms needed for India to reach developed country status by 2047’

The Hindu  

Member of Fourteenth Finance Commission M. Govinda Rao has said that to achieve the status of a developed country by 2047, India has to increase its per capita income from the current $2,600 to $14,205. Delivering the Dr. D.C. Pavate Foundation Memorial Lecture at Karnatak University in Dharwad on Friday, Prof. Rao said that to achieve this goal, the country …

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 …

Budget 2024: Placing thrust on infrastructure
4 months, 4 weeks ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: Growth, reforms and infrastructure
4 months, 4 weeks ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience
5 months ago

Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience

The Hindu  

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, represents a significant milestone in India’s ongoing journey towards inclusive growth and economic resilience. With a strategic emphasis on job creation, infrastructure development, support for MSMEs, and affordable housing, this Budget addresses the nation’s critical needs while prudently reducing the fiscal deficit to 4.9%. On the infrastructure front, the Budget …

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 …

India’s State Sector Is Thriving. That’s a Problem
6 months, 3 weeks ago

India’s State Sector Is Thriving. That’s a Problem

Live Mint  

-- Ten years ago, when Narendra Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. The minister in charge of India’s state petroleum companies, for example, says that the Modi administration …

Maharashtra, Uttar Pradesh spearhead India's post-pandemic growth: SBI report
8 months, 3 weeks ago

Maharashtra, Uttar Pradesh spearhead India's post-pandemic growth: SBI report

The Hindu  

The Indian economy has demonstrated resilience in the wake of the COVID-19 pandemic, with the average real GDP growth surging to 8.1 per cent, a substantial increase from the 5.7 per cent growth witnessed in the pre-pandemic period. The report also underscores the rise in per capita income across several states, with Gujarat exhibiting the most substantial growth, increasing by …

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: 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 …

Vision 2047: Infra to be biggest driver for growth push
11 months, 4 weeks ago

Vision 2047: Infra to be biggest driver for growth push

Live Mint  

New Delhi: India’s infrastructure sector is set to become the biggest driver for the country that aspires to become a $5 trillion economy soon and a developed nation by 2047. The newly adopted Vision 2047 document also lays emphasis entirely on infrastructure growth scaling up the pace of development of railways, roads, and ports surpassing most developed countries. Instruments like …

India Needs to Address Issues Like Malnutrition to Become Developed Country: Rajan
1 year ago

India Needs to Address Issues Like Malnutrition to Become Developed Country: Rajan

Deccan Chronicle  

Hyderabad: India needs to address problems like malnutrition to become a developed nation and also focus on its most important asset of human capital, former RBI governor Raghuram Rajan said on Sunday. Speaking at an interactive session on a book co-authored by him at the Indian School of Business, he asked how the country could become a developed one when …

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 …

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 …

Budget envisions prosperous and inclusive India: Gadkari
1 year, 10 months ago

Budget envisions prosperous and inclusive India: Gadkari

Live Mint  

New Delhi: Road minister Nitin Gadkari on Wednesday said that the Budget presented by finance minister Nirmala Sitharaman envisions a prosperous and inclusive India. “Driving the country to ‘Aatmanirbharta’, this budget will equip India with new-age infrastructure, decline imports and strengthen the energy sector with a futuristic approach.” Gadkari added that inclusive development, reaching the last mile, infrastructure and investment, …

Budget 2023 | India has made significant progress in many SDGs: Finance Minister
1 year, 10 months ago

Budget 2023 | India has made significant progress in many SDGs: Finance Minister

The Hindu  

India has made significant progress in many Sustainable Development Goals and the per capita income has increased to ₹1.97 lahks, Finance Minister Nirmala Sitharaman said on February 1. According to the Center for Science and Environment’s 'State of India’s Environment Report 2022', the country's overall SDG score was 66 out of 100. The 2030 Agenda for Sustainable Development, with its …

India to raise spending on job creation before election
1 year, 10 months ago

India to raise spending on job creation before election

Al Jazeera  

Finance Minister Nirmala Sitharaman said private investment was rising after the pandemic and the government should focus on driving growth. Prime Minister Narendra Modi’s government presented to Parliament an annual budget of $550bn that calls for ramping up capital spending by 33 percent to spur economic growth and create jobs in advance of a general election next year. The government …

Budget 2023: 7 steps to boost innovations to promote environmental sustainability
1 year, 10 months ago

Budget 2023: 7 steps to boost innovations to promote environmental sustainability

Firstpost  

India is one of the few major economies that is poised to grow sustainably and is earnestly looking to implement environmentally sustainable solutions for its growing energy, water, and waste management needs. A coordinated approach among standards-setting agencies like BEE, financial institutions, industries, and the government could speedily address challenges, instead of approaching elements like distribution, generation, and energy efficiency …

India dreams big, has courage to reach it
1 year, 11 months ago

India dreams big, has courage to reach it

Deccan Chronicle  

BENGALURU: Prime Minister Narendra Modi on Thursday said for the first time since Independence, a New India has emerged which has big dreams and also the capacity to realise them, and gone are the days when discussions in the country mostly centred around poverty and seeking foreign aid. In his second visit to poll-bound Karnataka in less than 10 days, …

DC Edit | Make middle class growth engine in coming Budget
2 years ago

DC Edit | Make middle class growth engine in coming Budget

Deccan Chronicle  

Discussions on what should be in the next Union Budget are now taking place between policymakers, finance ministry officials, economists, experts and several interest groups, ranging from industry bodies to those in specific domains. The middle classes are not seen as too crucial and are all but forgotten except when it comes to two aspects — changes in income-tax slabs …

Rich nations must take lead, says India on raising ambition at COP27
2 years, 1 month ago

Rich nations must take lead, says India on raising ambition at COP27

Firstpost  

A key theme at COP27 is a call for rich nations, responsible for a large share of historical emissions and global warming, to deliver technology and finance to help developing and poor countries fight climate change New Delhi: India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying “goalposts …

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 at 75 | Stepping back from an ecological abyss
2 years, 4 months ago

India at 75 | Stepping back from an ecological abyss

The Hindu  

Growing up in the 1970s and the early 1980s, many of us who were passionate about environmental issues were inspired by these and other movements. Ironically, a component of Prime Minister Narendra Modi’s vision of Aatmanirbhar Bharat is new coal mining in central India, displacing already self-reliant Adivasi communities and rendering them dependent on government and corporations. Indeed, India’s crafts …

A tryst with the past: The Hindu editorial on 75 years of India’s independence
2 years, 4 months ago

A tryst with the past: The Hindu editorial on 75 years of India’s independence

The Hindu  

August 15, 2022 12:30 am | Updated 02:33 pm IST Seventy-five years ago, on this day, India’s first Prime Minister Pandit Jawaharlal Nehru made these remarks in his stirring speech on India attaining freedom at midnight: “The achievement we celebrate today is but a step, an opening of opportunity, to the greater triumphs and achievements that await us. Are we …

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha
2 years, 9 months ago

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha

Deccan Chronicle  

Rurash’s founder CEO Ranjit Jha feels positive about Budget 2022 and says “It’s a growth-focused budget.” The fintech enthusiast is already on the lookout for sunrise opportunities and is hopeful that the “objective” of increasing investment levels will put India onto a higher growth trajectory. When we asked for a hint of the sunrise opportunities, he told us, “AI, geospatial …

Budget 2022: Three focus areas that can propel India to a job-intensive, high growth trajectory
2 years, 10 months ago

Budget 2022: Three focus areas that can propel India to a job-intensive, high growth trajectory

Firstpost  

Union Budget 2022-23: There are initiatives in the infrastructure sector that can be supported and where a quantum jump in expenditure can lead to significant benefits and increased employment A considerable section of the commentary around the Budget is about the continuing importance of public spending, as private consumption remains tentative — exacerbated by the uncertainty around the pandemic and …

Budget 2022: India may boost spending with near-record debt
2 years, 10 months ago

Budget 2022: India may boost spending with near-record debt

Live Mint  

India, which is set to regain the world’s fastest-growing major economy title, will likely prioritize growth over fiscal consolidation by boosting spending, according to economists surveyed ahead of Tuesday’s presentation of the nation’s federal budget. Finance Minister Nirmala Sitharaman will probably increase the budget by about 14% year-on-year to 39.6 trillion rupees in the fiscal year beginning April, according to …

EXPLAINED: What Cooking Fuel, School Attendance Can Say About Deprivation As India Launches New Poverty Index
3 years ago

EXPLAINED: What Cooking Fuel, School Attendance Can Say About Deprivation As India Launches New Poverty Index

News 18  

India is globally acknowledged to have made big strides on pulling people out of poverty in recent decades. “The National MPI Project is aimed at deconstructing the Global MPI and creating a globally aligned and yet customised India MPI for drawing up comprehensive Reform Action Plans with the larger goal of improving India’s position in the Global MPI rankings,” says …

Opinion | A reassuring Budget focused on growth, investment & jobs
3 years, 10 months ago

Opinion | A reassuring Budget focused on growth, investment & jobs

Live Mint  

Budget 2021 has given a massive push to healthcare and infrastructure with a focus on growth, investment and jobs. To fund this massive infrastructure push the Budget has announced ambitious plans to privatise central public sector enterprises, monetize public sector assets, including government land banks, ease foreign direct investment limits in sectors like insurance and float zero-coupon bonds for infrastructure …

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 …

Reviving growth: Government needs to do a fine balance in Budget on Feb. 1
3 years, 10 months ago

Reviving growth: Government needs to do a fine balance in Budget on Feb. 1

Deccan Chronicle  

With economic activity resuming and the vaccine becoming a reality, the challenge of lives versus livelihoods is largely addressed. Supporting economic recovery and growth via greater public expenditure as well as ensuring prudent fiscal management to safeguard macro-economic stability is an immediate concern the Budget must address. Therefore, the government must hike its infrastructure spend by one per cent of …

HTLS 2020: Defining a new era of growth and prosperity
4 years ago

HTLS 2020: Defining a new era of growth and prosperity

Hindustan Times  

Economic history has shown us that eras of golden growth often last decades. Also underappreciated is the potential for these reforms to usher in a new era of growth and prosperity. Formalisation of firms and employment has been encouraged through the introduction of GST and the new Labour Codes, which allow for fixed term employment across sectors, whilst the scheme …

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