-IdeasforIndia.in Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism. Following the presentation of the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman on 1 February, economists have carefully scrutinised the fiscal math and debated the economic rationale behind the policy choices. Beyond the fiscal math, the...
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Number Theory: The data India needs to diagnose the economy -Roshan Kishore
-Hindustan Times Most forecasters, institutional and private, have revised their GDP estimates for both 2020-21 and 2021-22. India imposed one of the world’s most stringent lockdowns -- it went on for 68 days -- starting on March 25 to curb the spread of Covid-19 infections. It was this lockdown which triggered a record contraction of 24% in India’s gross domestic product (GDP) in the first quarter of fiscal 2020-21. The economic shock...
More »A year on, mind the gaps in the pandemic response -JVR Prasada Rao and Amartya Chowdhury
-The Hindu India needs to revisit its disease control strategy to ensure a more robust and humane response in similar crises January 30, 2021 marked one year since India detected its first case of COVID-19 — a student in Kerala who had returned from Wuhan, China. Analysing the country’s response to the novel coronavirus pandemic so far reveals a mixed bag of successes and failures along with a host of unknowns looming ahead,...
More »The ailing economy needs much more than what Budget 2021 offers -Himanshu
-The Indian Express While the government has failed to deliver what was promised through the main budget and subsequent mini-budgets, estimates for next year also point to missed opportunities to use fiscal measures to revive the ailing economy. Expectations from Budget 2021 were high. Unsurprisingly so, for an economy battered by two years of slowdown, with a pre-pandemic annual growth rate of 4 per cent being a decadal low and the subsequent...
More »Story of Budget 2021, in 9 charts -howindialives.com
-Livemint.com The Union government has finally stepped on the gas when it comes to spending. But after a temporary splurge in the rest of this fiscal year, the finance ministry will tighten its purse strings to bring down debt levels, the budget numbers suggest Even as countries across the world raised spending aggressively to counter the economic impact of the covid-19 pandemic, India had remained an outlier. Throughout the pandemic, the finance...
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