Tanti’s aggressive lobbying skills had resulted in a government committee agreeing in principle to abolish the e-reverse bidding framework for wind projects in July this year
India: The ‘right way’ towards a $5-trillion economy
Presented promisingly at the tail-end of the pandemic and at the beginning of the inoculation drive, Budget 2021-22 lived up to the expectation of being an exercise to push growth. Not only does it have the levers to take forward the economy to its pre-pandemic growth path but the clarity as well on the distribution of these levers between the public and private sectors.
It further looks to build capacity now to sustain high growth later with an inclusive strategy. So, is the Budget a harbinger for the economy to grow to $5 trillion by 2025?
The ‘right way’ towards a $5-trillion economy
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With focus on capex and R&D, Budget 2021 has given a push to the domestic market, which holds the key to India’s growth
Presented promisingly at the tail-end of the pandemic and at the beginning of the inoculation drive, Budget 2021-22 lived up to the expectation of being an exercise to push growth. Not only does it have the levers to take forward the economy to its pre-pandemic growth path but the clarity as well on the distribution of these levers between the public and private sectors.
It further looks to build capacity now to sustain high growth later with an inclusive strategy. So, is the Budget a harbinger for the economy to grow to $5 trillion by 2025?
India s economy is likely to grow by 11 per cent in the fiscal year beginning April 1 as a vaccine drive and rebound in consumer demand help it emerge from the carnage inflicted by a strict coronavirus lockdown, the Economic Survey said on Friday. The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31, the document an annual report card on the economy tabled in Parliament by Finance Minister Nirmala Sitharaman said. This is the steepest annual contraction of the economy in the history of independent India. The economy had last witnessed its last annual contraction of 5.2 per cent in the fiscal year 1979-80.