The Economic Survey 2020-21 – Highlights

The Economic Survey, tabled in the Parliament today, makes a sombre reading with narrative woven around the ‘once in a century’ pandemic. The Survey projects the economy to shrink from Rs 145.7 lakh crore to Rs 134.4 lakh crore in the current financial year (FY21), a decline of about 7.8% (constant price). However, the bigger concern is that GDP is projected to reach only Rs 149.2 lakh crore in FY22, only 2.4% higher than FY20 level. Here is a look at some of the issues raised in the Survey. Continue reading The Economic Survey 2020-21 – Highlights

Covid-19 – Assessing the Impact on Governments Debt

The beginning of a new year over last many decades would not have been so depressing as this. Covid-19 continues to wreak havoc in terms of lives and livelihood lost and it is still not certain whether and when the large-scale vaccination drive would have an impact in containing this. The pandemic has also impacted the fiscal position of government across the world to an extent not seen since the second World War, as per the latest IMF report. Here is a look at the details. Continue reading Covid-19 – Assessing the Impact on Governments Debt

Interconnectedness of Financial Sector – An Overview

Financial system is a network of institutions such as banks, NBFCs, HFCs, Insurance companies, MFs etc. connected as borrowers or lenders. The interconnectedness helps them channelize savings into investments and enable economic growth. However, this can also act as channel for risk transmission in case of failure as seen in the recent episodes of IL&FS, … Continue reading Interconnectedness of Financial Sector – An Overview
.

Natural Gas Market in India – An Overview

Inauguration of a natural gas pipeline by the Prime Minister recently is an important milestone for India’s quest for cleaner fuel options. The pipeline would help increase the capacity utilization of LNG (liquified natural gas) terminal at Kochi. However, inadequate pipeline capacity is only one aspect of the complex dynamics of natural gas market. Here … Continue reading Natural Gas Market in India – An Overview
.

Financial Sector in India – An Overview (Part II)

NBFI comprises of Non-banking finance companies (NBFCs), All India financial institutions (AIFIs) and primary dealers (PDs). NBFCs are the second most group after SCBs specializing in meeting the financing needs of large range of areas such as vehicle loans, personal loans, infrastructure financing etc. The segment came into prominence in 2018 after the default by IL&FS, … Continue reading Financial Sector in India – An Overview (Part II)
.

Financial Sector in India – An Overview (Part I)

Financial sector in India appears to have weathered the storm arising out of Covid-19 reasonably well. Although the crisis is not over yet, but, possibly, the worst is over. But what all constitutes Indian financial sector, what is their size and their relative positioning. And how have each constituent fared in the recent past. Here … Continue reading Financial Sector in India – An Overview (Part I)
.