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GOI DISINVESTMENT STRATEGY
India’s shrinking budget: Fiscal discipline prevails amid stagnant revenues and limited reformsGovernment expenditure as a percentage of GDP has remained largely stagnant, hovering around 2016 levels despite a pandemic surge. This is ...
India’s macro challenges need solutions, but political urgency is missingIn India, macroeconomic policy faces significant challenges due to structural weaknesses, including high dependence on agriculture and a lo...
Budget exposes a govt struggling to finance its basic functionsIt’s now just a percentage point higher than in FY20, the Covid splurge having played out and fiscal constraints having resulted in continu...
Budget 2025: GoI puts its heart (on households) where spending should beFinance Minister Nirmala Sitharaman's budget speech introduced significant changes in income tax slabs to boost consumption demand. The str...
View: Now, work the net-zero planThere are two core elements of the transition: a series of small plans that lead up to the structural transformation of local economies, an...
Where this budget played too conservative in a totally unwarranted mannerWhat's worse, a populist budget could have helped some sections in society in the near term (though the net impact over the longer term is ...
Budget 2022 is the middle piece of a 3-stage fiscal intervention: Here's howThe centrepiece of this budget is the emphasis on physical infrastructure with willing allies in the states and corporate India. Laden with...
View: For decades, privatisation was a dirty word in India. Not anymoreIt took 21 years to state similar objectives on disinvestment. Immense political capital had to be spent by the Atal Bihari Vajpayee govern...
View: On a tough wicket, Nirmala Sitharaman puts her best foot forwardPublic spending and investment can, under normal circumstances, animate private spending and investment. If circumstances remain abnormal, ...
View: There's a compelling case for Centre to borrow to meet states' GST shortfallMarkets would see immediately that the risk of default of state governments, with such a large rise in their liabilities, would be such tha...
View: Govt's recent move on coal and railways will have serious economic implicationsGoI’s recent move on coal and railways is an interesting shift in strategy, especially if it is part of an overarching exercise to remove a...
View: Time to shift focus from disinvestment to investmentsPublic sector undertakings (PSUs) have played an important role in shaping the economy. The disinvestment route has always been cautiously ...
View: Economic revival depends not just on money, but also on faithUrgent action to reinvigorate the financial system is imperative, says HDFC boss Aditya Puri.
View: Protectionist measures announced in international trade by FM are indeed worrisomeNot only have tariff increased, licence permit raj-era protectionist vocabulary also has had a comeback.
How bad really is the fiscal situation?At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.
The caravan of reforms keeps moving in full pace: Arvind PanagariyaThis is a budget that, despite the temptation and a good enough excuse, doesn’t stray from the Modi government’s agenda to maintain fiscal ...
View: Opening the gates for a foreign-funded India growthThere is a clear effort to improve capital market mechanisms to ensure that sluices are unclogged.