India Narrative

  As India thrives to touch the $5 trillion economy, will Finance Minister Nirmala Sitharaman’s fourth crucial budget amid the ongoing Covid 19 pandemic catapult growth and employment generation? Gopal Krishna Agarwal, BJP’s national spokesperson on economy speaks to India Narrative on the Budget, which he said was “a trailblazer.” An excerpt of the interview. The FM had that the Budget will focus on Amrit Kaal. What does that mean? India is at 75. We will approach 100 years of independence. This journey marks the Amrit Kaal. The budget lays the blueprint to the roadmap to that. Therefore, this Budget was a crucial one, especially as it was delivered at a time when global uncertainties continue. There are no freebies, no political appeasement but the focus is on strengthening our economy by boosting infrastructure and supporting sectors that need help. Importantly it speaks of urbanisation of tier II and tier III cities, which will also propel growth for the country in the coming years

The Economic Survey, tabled by Finance Minister Nirmala Sitharaman on Monday, has projected a growth rate of 9.2 per cent of the current financial year. The growth rate for the next financial year has been pegged between 8 and 8.5 per cent aided by overall macro economic stability along with aggressive vaccination programme and easing of supply side constraints. However, the survey underlined that the global environment continued to remain uncertain with supply side disruptions, possibility of resurgence of Covid 19 waves and rising inflation. The official report card of the government’s performance said that macro-economic stability indicators suggest that the Indian economy is well placed to take on the challenges of 2022-23 while the focus on vaccine coverage will continue. Also read:   World Bank pegs India’s economic growth at 8.3% for 2021-22, sees global growth slowing to 4.1% “Vaccination is not merely a health response but is critical for opening up the economy, particularly c

  “It’s raining unicorns,” – this will grab headlines in 2022, and Finance Minister Nirmala Sitharaman’s task is well cut out. Sitharaman in the forthcoming Union Budget, could come up with more incentives and policy measures keeping an eye on creating the right ecosystem for unicorns to come up, reliable sources told India Narrative. In her last budget, the finance minister announced extension of tax holidays for startups along with exemption of capital gains for investment till March 31, 2022. Access to credit and tax incentives are areas that would be looked into. “We will further focus on startups and unicorns. Expect more policy measures in the budget,” an insider told India Narrative . The Unicorns, which are startups valued over $1 billion, are expected to go in for large scale employment generation in the coming months as well. Notwithstanding the Covid pandemic, last year, more than 30 startups in India made it to the prestigious Unicorn list. Inaugurating the 25th National Yo