-CBGA Blog India presented its latest Union Budget (for FY 2022 -23) in early February amid much hope, as the country is still reeling from the aftermath of Covid-19 pandemic, which has lasted for two years. To deal with the pandemic induced socio-economic crisis, countries across the world  have been announcing policy measures outside of their annual budgets. The Indian government, too, made many such announcements, but given the scale of the...

-Hindustan Times The National Council of Applied Economic Research recently conducted a study, titled, Livelihood and Health Challenges of Riverine Communities of the River Ganga, in collaboration with the University of Chicago’s Tata Centre for Development to explore the social & economic engagement of the riverine communities on the Ganga in Uttar Pradesh and West Bengal. A large section of the population living in the Ganga river basin still depends on the...

-Scroll.in/ Qz.com While the economic survey and Budget estimate the growth in the coming fiscal year to be 8%-8.5% and 6.6% respectively, RBI forecasts it to be 7.8%. Indians have enjoyed an ever-expanding array of choices for consumer goods over the past couple of decades. In this season of cheer and goodwill, they now have the pleasure of even selecting a version of India’s growth perspectives, depending on the risks playing out. Three...

-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...

-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...