On the day of 2019 Union Budget presentation, Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata
Attaining a GDP growth rate of 6 to 6.5 per cent in 2020-21 as projected by the Economic Survey will be challenging, say experts
The survey is critical of govt interventions in the market and shows four instances where govt interventions failed to achieve the desired outcome
The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.
The Survey forecasts 2020-21 real GDP to grow at 6-6.5%
The affordability index has been constructed using the annual earnings of an average industrial worker
A 10% hike in new firm creation increases district-level GDP growth by 1.8%
There have been similar criticisms of the methodology by other experts as well
Retail inflation in onion had crossed 300% in December
Opacity and lack of regulatory compliance is high among such promoters
According to the Survey, resolution under IBC has been much higher as compared to other processes.
There is a shift in funding sources for NBFCs at present
Equity markets also discount PSBs
In another insight, the survey has observed that it is much easier to buy a gun than to open a restaurant in India
Currently, it takes 60-68 and 88-82 hours in border and documentary compliance for exports and imports, respectively
Survey lessons like exports' importance for growth and jobs, how govt intervention in markets can be harmful, and wealth creation via privatisation should have been imbibed long ago, writes T N Ninan
The opportunity to extract patterns actually is enormous
Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.
Fiscal targets may have to be relaxed for the current year
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added