The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
Or is it a case of expecting the tail to wag the dog?
The Union Budget 2021 increased India's healthcare spending by 137 per cent and lifted caps on foreigners investing in the insurance sector. Devangshu Datta explains investments after the Budget 2021.
Under the first revision released in January 2020, real GDP or GDP at constant (2011-12) prices for 2018-19 was pegged at Rs 139.81 trillion, showing a growth of 6.1 per cent
India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease
The Economic Survey 2020-21, authored by CEO K Subramanian, has pegged India's GDP contraction in FY21 at 7.7 per cent, and real GDP growth in FY22 at 11%. Hefre are both volumes of the document
Prakash Javadekar has emphasised on adopting holistic approach taking into consideration both the environmental conservation as well as growth of the country
A liberal budget that cuts taxes and tries to improve ease of doing business will receive a good market response. A harsh Budget with higher taxes, new cesses, etc, will lead to a sell-off
India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do
Strategic incentives through the Budget may help boost exports.
Economic progress demands all-round liberalisation. From "love jihad" to atmanirbhar, the forces of Hindutva are yet to understand that basic truth
Here is an interesting graphic explaining the growth and spending story
The digital super cycle will encompass progress in all areas and will accelerate further on advancements in machine learning and artificial intelligence
The country's exports declined marginally by 0.8 per cent to $26.89 billion in December 2020, due to contraction in sectors like petroleum, leather and marine products
Macroeconomic theory has to be constructed around this now, not the old Keynesian identity which took deficiency as its starting point
How has economics built the excess supply of land, labour, capital and product into its formal analytical structure which, even now, is predicated on the study of scarcities? The answer is, it hasn't
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030
Is there such a thing as too much democracy? The history of economic and democratic growth coincides in almost all parts of the world
The Reserve Bank of India (RBI) has also revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5 per cent as against its earlier forecast of (-)9.5 per cent
India Inc shows patchy but encouraging recovery