GDP Performance Analysis – March’21
Indian economy seems to have regained good part of its momentum, adjusting to the new normal, as per the data released by MOSPI today. However, the second wave may have,…
FY21 Inflation Trend Analysis
The year 2020-21, hit by the pandemic, was also unusual as the economy recorded sharp increase in inflation (CPI) even as MPC persisted with ultra-loose monetary policy. As per the…
Analyzing Jobs Lost During Covid-19 – PLFS Survey
The release of periodic labor force survey (PLFS) data for April-June’20 quarter, the peak lockdown months, gives a comprehensive view of the extent of job losses. As per the survey,…
State of the Economy – Tracking the Uneven Recovery
Even after recording GVA growth of 1.0% during Dec’20 quarter (GDP growth – 0.4%), the uncertainty regarding continued momentum in recovery remains high. The available high-frequency data for Jan-Feb’21 reinforces…
GDP, Dec’20 Quarter – Too Little To Celebrate…
GDP (Gross Domestic Product) for quarter ended Dec’20 (Q3’FY21) recorded a marginal growth of 0.4% as per the data released by MOSPI (Ministry of Statistics and Programme Implementation) today. Even…
Power Distribution Companies – The Elephant In The Room
Chairman of the Fifteen Finance Commission called state distribution companies (discoms), “The Elephant in the room”, in an interview recently. Indeed, discoms are in a dire state, operating with AT&C…
Food Corporation of India – Managing Inefficiencies
FCI (Food Corporation of India) must be heaving a sigh of relief with revised allocation of Rs 3.44 lakh crore during FY21 as subsidy against initial allocation of Rs 78,000…
Finance Commission Report – Understanding the Formula for Devolution to States
The report of 15th Finance Commission (FC), constituted every five years, was tabled in the parliament on the day of the budget. The Finance Commission is an important constitutional body…
Budget – Revenue & Expenditure Analysis (Part II)
Against total receipt of Rs 19.8 lakh crore, government is projected to spend nearly Rs 34.8 lakh crore in FY22. Other than interest payments, broad areas which account for maximum…
Budget – Revenue & Expenditure Analysis (Part I)
The Budget proposal projects total expenditure of Rs 34.8 lakh crore against receipt of Rs 19.7 lakh crore during the year 2021-22 or FY22. This implies fiscal deficit of Rs 15.1…