Three hoops to jump to be convinced that torrid growth will come
The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. In 2023-24, capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP. "We believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over the period 2023-27; and raising India's potential growth," said the article 'State of the Economy' published in the RBI's February 2023 Bulletin. It further said the Union Budget's tax, capex and fiscal consolidation proposals can take India's real GDP growth close to 7 per cent in 2023-24 if they are effectively implemented. "The Union Budget 2023-24's emphasis on capital expenditure is expected to crowd-in ..
Attempts at raising capital for infra spending through the national monetisation framework have not been as successful as was hoped. The government raised more money than targeted in 2021-22
The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further
Strap: On the tax front, the key development is making the concessional tax regime the default option
Global conditions would impede recovery
Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now
The govt's asset monetisation plan was on track last year as it surpassed its target in FY22. But what is the current situation like? Is the plan on track to meet the target in the current fiscal too?
The Russian invasion of Ukraine pushed up the prices of food, fuel, fertilizers, and other commodities
Even seasoned investors should bet only 5-10% on such securities
Economic uncertainty may delay private investment
TurboHire ensures accuracy in candidate selection and reduces the cost and time spent on hiring
UP chief minister Yogi Adityanath has directed officials to create the fund to cater to the needs of start-up ventures proposed by the state's youth
Business Standard had reported recently that the Centre has dropped the proposal of privatising state-owned power distribution companies (discoms)
Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year
Spurring private investment key for sustainable growth the report adds
She said the war has affected the value chains, and the world markets are caught up in a situation where nothing is normal
The government will execute the market borrowing programme in the next financial year in a non-disruptive manner without crowding out the private sector, said Economic Affairs Secretary Ajay Seth.
According to the Indian Chamber of Commerce, the Economic Survey has captured the economy's recovery from the devastating impact of the pandemic through multiple economic indicators
Committing capital to younger companies is full of promise, but there are a few factors investors need to watch out for