You are here: HomeArticlesIndian Economy Displaying items by tag: modi budget

In a series of articles in the run up to the Budget 2015 I had pointed out on the weak financials of the Indian corporate sector. The consequential debilitating impact on the economy, especially in the finances of our nationalised banks, too was explained in these pieces.

Last week the International Monetary Fund published the Indian Country Report...

Black Money – Do we need a new Law ?

Whether we need a new “comprehensive law to deal with black money parked abroad” as proposed by Budget 2015. Or would existing laws backed by intent suffice?

Budget 2015 Expectations: E-Book

On the 28th of February Finance Minister Arun Jaitley will present the first full budget of the Narendra Modi led NDA Government. Mr. M.R. Venkatesh, Chennai based Chartered Accountant, has attempted to address, through his scintillating series on the Budget 2015 published as an e-book titled ‘#Budget 2015: What India wants’, the question as to

    “How must the Finance Minister navigate his way through the challenges and what path must he chart for India through his Budget 2015?”

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

Doing Business 2015: Going Beyond Efficiency is a World Bank flagship publication. It measures on a global basis the regulations that enhance business activity and those that constrain it. This report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies-from Afghanistan to Zimbabwe.

Planning, determining input costs and monitoring the functioning of the industry in these days of liberalisation and globalisation? With such cluttered thinking, archaic vision and muddled thinking can it deliver? No wonder India’s total export is approximately USD300 billion when China exports approximately USD300 bn of textiles alone!

Approximately two-thirds of India’s GDP originates from what is loosely called informal sector.  Importantly, 90 per cent of our non-farm work force are employed here. This is one of the highest in the world. Yet, this informal sector rarely gets policy traction.

It is easy for the FM to say [as did the UPA] that the share of manufacturing in national GDP in 2025 would be in excess of 25 per cent. But as UPA realised it is easier said than done for what is required is a comprehensive plan with great attention to details and implementation.

The Billion Dollar question – Will Budget 2015 provide us the comprehensive plan to ensure Make in India initiative is a success?

Will Budget 2015 slay the monster of inflation? Will it significantly lower fiscal deficit? Crucially, will it make India an efficient economy and hence an attractive investment destination?

  •  Start 
  •  Prev 
  •  Next 
  •  End 
Page 1 of 2

Featured Video

An imminent Dollar Crisis

Top