Budget 2018: The finance minister, in his Union Budget 2018 speech, mentioned “education” the most number of times (to be precise, 29 times), amongst other buzzwords like agriculture (26 times) and health (21 times). However, a simple fact check tells us that he didn’t really walk his talk.
The NSSO 70th round survey estimates there are 156 million rural households in India, of which 57.8% are agricultural.
Last year, India joined the Paris Agreement to tackle climate change. India accounts for 4.1% of global emissions, and the country opted for increased use of clean and green energy to reduce its emissions relative to GDP, rather than an outright cutting or capping of emissions.
India’s growth has been lopsided driven by government and private spending. Private sector investment hasn’t recovered sustainably for two years. Jump-starting the economy through financing growth is also not possible when banks are burdened with NPAs
A sharp fall in both retail and wholesale inflation has raised the stakes for a rate cut by the Reserve Bank of India (RBI) in its next monetary policy review.
RBI’s neutral stance in its latest monetary policy statement has been primarily driven by its long standing argument of “stickiness of core inflation”
Just when the rural sector was showing signs of revival, partial withdrawal of old currency notes in November last year created a dent in rural demand.
Further attempts to bring down headline inflation via rate hikes might actually hurt demand and stall economic recovery
A broad-based economic recovery will be contingent on a sustained pick-up in private investment cycle
The Make in India campaign should not be seen as a political stunt, but as a platform to promote competitive federalism.
RBI may have less room to cut rates next fiscal
High corporate debt levels hindering revival of capex cycle
India will not be able to reap its full benefits unless the Make-in-India and Skill India campaigns are successfully implemented.
Geopolitical differences between India and China are getting stronger. Opportunities lie in enhancing bilateral investment flows
The act of cleanliness can be an economic activity, contributing to GDP, reducing healthcare costs and also a source of employment
Reducing cost of remittances, among other measures, will make India’s growth story inclusive in the true sense—touching Indians both within and outside the country.
Emphasis on MSMEs and optimal use of trade agreement provisions will be critical to India’s export growth