If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
Rs 1,000 crore for promotion of start ups.
Rupee retreats from 3-week high against dollar ahead of Budget.
Finance Minister Arun Jaitley said that at a time when the private sector has been somewhat conservative in investments, public investment always takes the lead.
The WPI has been in the negative zone since November.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
The Budget would preserve macro-economic stability.
The Economic Survey called for improving business environment.
Finding is part of a survey conducted by Janaagraha Centre for citizenship and democracy
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
India can be rated as among the best performing economies in the world
The chief statistician feels there should be a rebound after companies integrate and adopt the GST system
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
Political stability and a couple of big projects are pluses, but focus on medium and small industries is still missing.
'We will have to wait for one more year to cross the 7% mark, which should be possible in the absence of any disruptive reform,' points out CARE Ratings Chief Economist Madan Sabnavis.
RBI's latest rate cut is positive for the economy.
'In the final analysis, all Budgets everywhere are like the schemes hatched by A A Milne's lovable Winnie-the-Pooh.' 'They may be well-intended, but often go awry.' 'Although Pooh and his friends agree that he 'has very little brain', he is occasionally acknowledged to have a clever idea, usually driven by common sense.' 'This Budget at a first glance does not appear to belong to that latter category,' says economist Shreekant Sambrani.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
All households are entitled to get 12 cylinders of LPG or liquefied petroleum gas.
The ED has received documents from almost all banks that lent money to KFA.
The Finance Ministry expects the economic growth in the current fiscal to improve to 5.5 per cent from 5 per cent last year on back of likely pick up in agricultural output on account of good monsoon rains.
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
It will also provide support to the government for finalising the financial and implementation models.
There are high hopes that the Budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.
Rediff's data journalists bring you data about toilet/bathroom and sanitation facilities across India from the 69th round (2012) of National Sample Survey.
Lack of literacy is compromising the ability of farmers in India and China, two of the world's most populous countries with the smallest farm size, to raise productivity without losing soil fertility, says Kunal Bose.
Events to keep an eye out for...
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
"A significant decline in the growth number for this quarter is highly likely, but for the fiscal year as a whole the decline may still be relatively moderate," Fitch Asia-Pacific Sovereigns Group Director Thomas Rookmaaker said.
The PAC, headed by Congress lawmaker K V Thomas, is keen to find out the details of huge loans given by the banks to corporates including the basis on which such favours were extended.
For India Inc, latest GDP figures signal a turnaround.
This kind of growth will turn India into a $8 trillion economy.
India had a transition from 'socialism with a limited entry to marketism without exit'.
Policy rates have been reduced substantially in 2015.
The fiscal gains from implementing the GST and demonetisation, while almost certain to occur, will probably take time to be fully realised
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