The report noted that the Covid shock will lead to a long-lasting inflexion in India's fiscal trajectory, and the general govt deficit is expected to remain above 10% of GDP until FY22.
India's economy could contract by around 1% in the Q4 if one takes into account the revised full year GDP numbers for the current fiscal. For the full year, NSO forecasts steeper contraction of 8%.
India's recovery from recession widened the gap between its haves & have-nots, raising hopes the budget would help bridge the divide. The govt instead pledged higher capital spending.
While the success of the budget depends on how effectively India is able to contain rising infections through vaccine drives, here are the key numbers to watch out for.
In conversation with ThePrint’s Editor-in-Chief Shekhar Gupta at Off The Cuff, Shekhar Mande, Director, Council of Scientific and Industrial Research, discussed his study that...
India’s GDP is projected to contract in FY21. But as restrictions ease, supply side disruptions are addressed and demand picks up, the economy is expected to rebound.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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