Union budget 2018 has actually been a big picture budget. It has not been about the nuances of taxes and levies but it has been more about the macro issues and the focus areas for the government from an economic perspective. The following new initiatives in the Union Budget are critical from the long term …
The Indian equity markets are carrying on their fine show, with the key indices moving into uncharted territories. Though we did witness some volatility towards the end of October, sentiments underpinning the markets have remained strong. This confidence is the result of a newly introduced progressive ecosystem, wherein there has been a huge penetration of …
Core sector growth for the month of July came in at 2.4%, which is a slight improvement over the 0.8% core sector growth shown in the month of June 2017. The core sector is a combination of 8 core infrastructure sectors which form the back bone of the economy and includes coal, crude oil, natural …
The start-up ecosystem in India has witnessed a euphoric growth rate in the past couple of years, spearheading the entire landscape for emerging economies globally. Unfortunately, amongst the various industries that start-ups are laying a stronghold on, there is one industry where they often fold before being able to lay the winning card – Finance. …
Technology and creativity are generally perceived as two opposing poles, where the former represents logic and science and the latter embodies philosophy and art. However, with a deeper gaze and further exploration, a strikingly different reality can be discovered. Art is the output of a creative mind and we humans pride ourselves on being the …
Come September and Dr. Urjit Patel completes one year in office. The year gone by has been eventful, to say the least. Let us not forget that even as the RBI Deputy Governor, Dr. Patel was a man of few words and was rarely seen giving public interviews or issuing macroeconomic statements. A lot of …
On the 28th of February, the Ministry of Statistics and Program Implementation (MOSPI) released the GDP estimates for the 3rd quarter ended December 2017. Of course, these estimates are subject to revision at a later date. As per the second advance estimates for the third quarter, the GDP growth stood at 7.2%, which is higher …
A popular joke ahead of the Union Budget is that the text of the Union Budget 2018 will be substantially shorter and hence the budget speech could be over in less than 1 hour. Each year, a good part of the Budget speech was devoted by the finance minister to elaborate on the changes in …
The trade data that came in for the month of August continued the trend of monthly trade deficit staying above the $11 billion mark. For the first five months of the fiscal, the trade deficit has come in at $63 billion and India looks set to cross $150 billion of trade deficit for the full …
The second part of the Economic Survey for the fiscal year 2016-17 presents a fairly mixed picture of the Indian economy. There have been some positives in the form of lower inflation and the implementation of GST, both of which could have long-term positive implications for the Indian economy. On the downside, the Economic survey …
