Government expenditure as a percentage of GDP has remained largely stagnant, hovering around 2016 levels despite a pandemic surge. This is ...

In India, macroeconomic policy faces significant challenges due to structural weaknesses, including high dependence on agriculture and a lo...

It’s now just a percentage point higher than in FY20, the Covid splurge having played out and fiscal constraints having resulted in continu...

Finance Minister Nirmala Sitharaman's budget speech introduced significant changes in income tax slabs to boost consumption demand. The str...

Despite these challenges, GoI has promised a fiscal consolidation path to 4.5% by 2026 and commitment to 5.9% fiscal deficit for FY2024, wh...

There are two core elements of the transition: a series of small plans that lead up to the structural transformation of local economies, an...

What'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 ...

It took 21 years to state similar objectives on disinvestment. Immense political capital had to be spent by the Atal Bihari Vajpayee govern...

Public spending and investment can, under normal circumstances, animate private spending and investment. If circumstances remain abnormal, ...

Markets would see immediately that the risk of default of state governments, with such a large rise in their liabilities, would be such tha...

GoI’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...

Public sector undertakings (PSUs) have played an important role in shaping the economy. The disinvestment route has always been cautiously ...

Urgent action to reinvigorate the financial system is imperative, says HDFC boss Aditya Puri.

Not only have tariff increased, licence permit raj-era protectionist vocabulary also has had a comeback.

At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.

This is a budget that, despite the temptation and a good enough excuse, doesn’t stray from the Modi government’s agenda to maintain fiscal ...

There is a clear effort to improve capital market mechanisms to ensure that sluices are unclogged.