The budget has bet on a hard strategy of government capital expenditure-led growth. This article looks at how the massive increase in capex is planned along with continuing fiscal consolidation in...
Budget 2022
The future of fiscal consolidation in India under alternative assumptions, keeping in mind both the growth and fiscal consolidation objectives, is the core focus of this article. Alternative...
The announcement of the introduction of the central bank digital currency was the highlight of the union budget. However, in the absence of any specific official paper as of now, the treatment in the...
The Union Budget 2022–23 reflects the possibility of a significant consolidation in the year. As we navigate COVID-19 and the war-induced macroeconomic uncertainties, the realisation of the proposed...
Budget-making requires a careful balancing of contradictory considerations, and such balancing becomes a formidable challenge in a flagging economy hit by a pandemic. This article focuses on the...
The budget focuses on accelerating growth by increasing capital expenditures and compressing the fi scal defi cit. However, excluding the additional loan to the states, the capital expenditure as a...
The article first sets the context and highlights the macroeconomic challenges confronting the economy. Then it takes a close look at expenditure allocations within the six-pillar framework outlined...
If the Reserve Bank of India hikes the policy rates against the backdrop of the mounting geopolitical risks and infl ationary pressures, the growth recovery process may slow down. At the same time,...
