-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current economic recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...
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Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...
More »Future of Indian agriculture and small farmers: Role of policy, regulation and farmer agency -Sukhpal Singh
-Down to Earth blog The distress among small farmers in India is market-driven to a large extent in both ways — too much protection (minimum support price) or too little. The question of future of Indian agriculture has been around for some time now since the agrarian distress and crisis in the sector. It has become important in the context of the spate of recent reforms that include permitting private wholesale markets,...
More »A Budget blueprint for difficult times -Manmohan Singh, P Chidambaram and Praveen Chakravarty
-The Hindu Alarming inequality, failing health care and border tensions loom large and the economic situation needs full attention As the country prepares to enter a new financial year after an ominous and gloomy 2020-21, there are great expectations about green shoots and the shape of the economic recovery. The havoc wreaked by the novel coronavirus pandemic on people’s lives and livelihoods is deep and enormous. The impact of the COVID-19 induced...
More »10 major points made by the Economic Survey -Vivek Kaul
-Livemint.com The Survey expects the Indian economy to grow by 11% in real terms (adjusted for inflation) during 2021-22. This is close to the growth of 11.5% forecast by the International Monetary Fund (IMF). This is good news. The Economic Survey of 2020-21 was published earlier in the day today. Like in the previous years, the Economic Survey tries to summarise the state of the Indian economy across various dimensions. Here are ten...
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