Experts applaud RBI governor RAghuram Rajan for his good work.
The government on Monday lowered the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier, while pitching for supportive monetary and fiscal policies to improve investor confidence.
The government on Tuesday attributed higher economic growth projected in the mid-year economic analysis for this fiscal than the Economic Survey to robust economic expansion in the first half.It, however, cautioned against the impact of fragile European recovery on Indian economy.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
Public investment is very crucial for GDP growth, says finance ministry.
Economy showing mixed signals, outlook challenging: FinMin
In December, govt had lowered its growth forecast for 2015-16 to 7-7.5%
The government on Friday lowered its economic growth forecast.
The government was exploring options to secure higher dividend payment from state-run companies.
Assocham said even if an investment revival were to happen, it would be a time lag of at least 18 months before it reflects in the manufacturing sector.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
The Analysis lists a number of steps taken by the government that have contributed to both positive short-term outcomes, such as lower food inflation, and the capacity for more equitable growth, through financial inclusion.
An asset swap can simultaneously boost public investment, reduce the fiscal deficit and keep fiscal policy from being pro-cyclical.
Capex for next year expected to be up 25% to Rs 3 lakh crore
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
The government had committed to increasing spending in infrastructure
The road ministry has put forward two proposals before the Prime Minister's Office and the finance ministry.
In 2014-15, capital expenditure in the April-September period was Rs 99,100 crore.
Credibility of fiscal promises is a virtue that no finance minister can afford to lose.
For PPP projects, clause on consent requirement could be abolished or brought down to 50% of land owners, against the current 70%
India said its economy grew 7.3 percent in the October-December quarter.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
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