-The Hindu India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations (UN) report for 2001 to 2019 shows that,...
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Sanjeev Sanyal, principal economic advisor, interviewed by Kamalika Ghosh (OutlookIndia.com)
-OutlookIndia.com The principal economic advisor is confident of achieving GDP Growth promised by finance minister Nirmala Sitharaman in the budget but is also cautious that some external factors can derail the projections Automobiles and two-wheelers are seeing muted sales not because of a low-demand situation afflicting the sector, but because there is a supply-side issue about chips, principal economic advisor to the government Sanjeev Sanyal told Outlook Business. He also said that...
More »Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev
-Hindustan Times By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand. Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget’s larger premise. Such an exercise...
More »How Nameplate Changes, Sleight of Hand Helped the FM Assemble Budget 2022’s ‘Big Capex Boost’ -Subhash Chandra Garg
-TheWire.in What you lose on the wings, you gain on the roundabouts. With no other major growth investments or policy reforms in the budget, finance minister Nirmala Sitharaman made capital investment the lynchpin of the government’s growth strategy in Budget 2022. Stressing that “the virtuous cycle of investment requires public investment to crowd-in private investment” she took high moral ground to say that the “public investment must continue to take the lead and...
More »Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar
-TheWire.in Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation. High hopes were pinned on this year’s budget as the country saw young people protesting for Railway jobs, farmers protesting for the government to address their loss of incomes, micro-sector producers as they faced closures and PSU...
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