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…
Buget 2021-22 – Not A ‘Never Before’ Budget
The budget for the year 2021-22, presented in the Parliament today, wasn’t quite the ‘never before’ budget as stated by the Finance Minister a few days back. To qualify for…
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…
The Year That was – Economy & Policy
The year 2020 is possibly the most horrible year since the end of second world war. The all-pervasive influence of the pandemic made the turbulence of last few years a…
State of the Economy – Analysing the Liquidity Condition
Indian economy, indeed, global economy is going through an extraordinary loose monetary policy phase to minimise the impact of Covid-19. While the policy hasn’t yet led to the intended outcome…
State of the Economy – Tracking the Recovery
While the GDP data for Sept’20 quarter released recently gave a sense of optimism, there is an even greater sense of eagerness to understand as to how the economy is…
EPFO Payroll Data – Estimating the Recovery After Covid-19
While Covid-19 led to unprecedented job losses, the latest EPFO (Employees’ Provident Fund Organisation) data provide considerable hopes of reversion to normalcy. As per the latest release, Indian economy added…
GDP, Sept’20 Quarter – Analyzing the Performance
The GDP for quarter ended Sept’20 (Q2’FY21) recorded a decline of 7.5%, as per the data released by NSO (National Statistical Office) today. While the contraction would have been a…
Agricultural Marketed Surplus – Analyzing Inter-State Variation
The passage of farm bills recently has brought focus on the agriculture sector. While agriculture, as a whole, remains an under-developed sector, the inter-state variation is even starker. This is…
India’s International Trade – Understanding the Constituents (Part II)
India recorded merchandise exports of $320 bn in FY20 against imports of $474 bn, leading to trade deficit of $154 bn. The surplus on ‘invisibles’ account was $132 bn, reducing…