Budget 2022 LIVE: Govt to take balanced view on cryptocurrency, says Sanyal

The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Principal Economic Adviser said in an interaction with media

4:24 PM

Budget 2022 LIVE updates: There has been a revival of economic activity to pre-pandemic levels in 2021-22

There has been a revival of economic activity to pre-pandemic levels in 2021-22, as reflected in national accounts and high frequency data

 

Economic cost of 2nd wave of Covid-19 pandemic was much milder in comparison to first wave 

 

- Principal Economic Advisor

4:22 PM

Budget 2022 LIVE: Can our macroeconomic indicators give us buffer during these times?

We live in uncertain times;  geopolitical risks bubbling up, oil prices have spiked up, withdrawal of global liquidity by major central banks likely

 

Hence, can our macroeconomic indicators give us a buffer during these times?

 

Asks Principal Economic Advisor

 

4:20 PM

Budget 2022 LIVE updates: GDP is 1.3% above pre-pandemic level, says Economic Survey

Government consumption has been reasonably strong, but private consumption still lags pre-pandemic level (mainly due to hit faced by contact intensive sectors) 

 

Exports have been major growth driver, imports too strong.

 

GDP is 1.3% above pre-pandemic level.

4:14 PM

Budget 2022 LIVE: Economic cost of second wave of pandemic was much milder in comparison to first wave

Economic cost of second wave of pandemic was much milder in comparison to first wave 

 

- Principal Economic Advisor

4:10 PM

Budget 2022 LIVE updates: Economic Survey highlights the agile approach adopted by India to combat Covid-19

Economic Survey highlights the agile and multi-pronged approach adopted by India to combat Covid-19

 

Vaccination is not merely a health response but is critical for opening up the economy. It should be treated for now as a macro-economic indicator, Principal Economic Advisor.

4:08 PM

Budget 2022 LIVE updates: Principal Economic Advisor talks about the evolution of Economic Survey since 1950s

From a descriptive document published as part of Union Budget in 1950s, Economic Survey evolved to be a lot more substantial and analytical over the years, presented as a separate document a day before the Budget

 

 - Principal Economic Advisor 

4:06 PM

Budget 2022 LIVE: We've grown past pre-pandemic era, says Economic Survey

4:03 PM

Budget 2022 LIVE: Press conference by Chief Economic Advisor V. Anantha Nageswaran on Economic Survey 2021-22

Budget 2022 LIVE: Press conference by Chief Economic Advisor V. Anantha Nageswaran on Economic Survey 2021-22

3:44 PM

Budget 2022 LIVE: Economic Survey says economy well placed to take on FY23 challenges

The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Economic Survey 2021-22 which was presented in the Parliament on Monday by Union Finance Minister Nirmala Sitharaman.

 

According to the survey document: "One of the reasons that the Indian economy is in a good position is its unique response strategy. Rather than pre-commit to a rigid response, Government of India opted to use safety-nets for vulnerable sections on one hand while responding iteratively based on 'Bayesian-updating' of information."

 

"A key enabler of this flexible, iterative 'Agile' approach is the use of eighty High Frequency Indicators (HFIs) in an environment of extreme uncertainty." Read on...

3:42 PM

Budget 2022 LIVE: Sops for green energy? Here's how Tata Power, Adani Green look on charts

In line with the government’s focus on reducing emissions and dependence on fossil fuels, analysts expect a raft of support for infrastructure development for electric vehicles and green energy generation in the upcoming Budget on February 1. Here's how the enery related shares look on charts a day ahead of the Union Budget 2022. Read on...

3:22 PM

Supply management, cut in fuel duties help control prices this fiscal, says Survey

Without giving any guidance for retail inflation going forward, the Economic Survey 2021-22 on Monday said prices were mostly controlled during the current fiscal year so far on the back of better supply side management, as well as reduction in duties in fuel prices.

 

However, imported inflation in edible oil and pulses jacked up the prices of these commodities, which were controlled by proactive measures by the government.

 

On the retail front, consumer price index-based inflation has remained well within RBI's sub 6-per cent comfortable zone during April-December period of FY22.

 

However, wholesale prices witnessed a sharp uptick at over 12 per cent due to pickup in economic activities, sharp spike in global crude oil prices as well as high freight costs, the Survey said.

 

3:10 PM

Economic Survey: Govt sees scope for retaining world-beating economy tag

India has the fiscal space to do more to support the economy, poised to wrest the title of the world’s fastest-growing major one from China and keep it for at least another two years, according to a government document.

 

Gross domestic product is expected to grow by 8%-8.5% in the year starting April after likely expanding 9.2% in the current year, according to the Economic Survey -- an annual report card on the economy -- presented in Parliament by Finance Minister Nirmala Sitharaman Monday. The International Monetary Fund predicts it will keep the momentum in the following year as well.

 

Growth will be supported by “widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending,” the survey said.

Read on...

2:52 PM

Budget 2022 LIVE: Economic Survey calls for improving productivity of small, marginal farmers

Survey calls for improving productivity of small, marginal farmers through small holding farm technologies. 

2:45 PM

Budget 2022 LIVE updates: Private sector investment to pick

Private sector investment to pick with financial system in good position to provide support to revival of economy: Economic Survey

2:33 PM

Budget 2022 LIVE: Robust export growth and availability of fiscal space to ramp up capital spending

Robust export growth and availability of fiscal space to ramp up capital spending to support growth next fiscal: Economic Survey