Union budget 2020-21: A balanced budget and its focus on infrastructure and MSMEs to uplift economic growth – Dr Mahesh Y Reddy
The edifice of the 2020 Union Budget rests on five pillars viz. infrastructure, technology, exports, ease of doing business and employment. Importantly, these are interconnected factors; one synergizing the other. For instance, the proposal to invest nearly Rs 1.7 trillion ininfrastructure sector covering road, rail, air and waterways can really be a force multiplier. Monetization of 12 lots of highways under the toll-operate-transfer(ToT) scheme also makes great growth sense because of the successes of similar initiatives implemented earlier. The proposed setting up of 9000 km of economic corridor and 2000 km of coastal corridor would not only step up business … Continue reading Union budget 2020-21: A balanced budget and its focus on infrastructure and MSMEs to uplift economic growth – Dr Mahesh Y Reddy
Focus on Agri- Logistics to widen India’s Agri Export Base
Agriculture sector in India is still the primary source of livelihood of millions and around 47% of the total workforce in the country depends on agriculture for their livelihood. Thus, the sector has a significant role to play in food security, reducing poverty and sustaining the growth of India. India’s agro-economic zone is favourable for most of the major varieties of crops, such as rice, wheat, cotton, maize, oilseeds, oilseeds, among others, which makes India a self-sufficient nation in terms of food. The sector has recorded an average growth rate of 3.7% over the years FY2016-FY2019, while on the other … Continue reading Focus on Agri- Logistics to widen India’s Agri Export Base
Inclusive & Balanced Budget for a Sustainable Growth
The Union Budget 2019-20 very well represents the government’s long term vision to build a new India, with USD5 trillion economy size, significant growth rate and inclusive welfare of all. Hon’ble Finance Minister Smt. Nirmala Sitharaman has presented a bottoms-up, inclusive, and balanced budget with a strong focus on socio-economic development of the country to build a New India, going forward. The proposals unveiled in it on various socio-economic fronts of the economy indicate promises of progress in coming times. The focus on MSMEs, development of infrastructure, affordable housing and women empowerment would go a long way to promote all-inclusive … Continue reading Inclusive & Balanced Budget for a Sustainable Growth
Focus on Logistics Infrastructure to Boost Trade Facilitation
The Infrastructure sector is the key driver of the Indian economy. The sector has received intense focus from the government for initiating policies that would ensure time bound creation of world-class infrastructure in the country. The promising Union Budget 2019 – 2020 is unequivocal in emphasizing the government’s focus on infrastructure, with the massive push and impetus given to the infrastructure sector through some great initiatives and announcements. This Budget can also be seen as the first step by the government, towards the impressive goal of doubling the Indian Economy to 5 trillion dollars within the next 5 years. The … Continue reading Focus on Logistics Infrastructure to Boost Trade Facilitation
India towards Digital Economy
Digital is fast engulfing our lives. With a collective dream of more than a billion citizens to see India evolve as a ‘developed’ nation in the world has been the origin of all major developments in the Indian economy over the last few years. Each citizen as a user be it in a metropolitan or a village, are becoming more and more digital friendly, using an average of 4 GB of data a month on everything from entertaining to shopping to learning and even online-gaming. The Digital India mission of the Prime minister is a decisive and a valuable step … Continue reading India towards Digital Economy
Union Budget 2019-20: Impact on Infrastructure
It is said that if the backbone is strong you can easily walk an extra mile. Similarly, Infrastructure is the backbone of any economy for its growth and development and hence it is essential for infrastructure to be strengthened in a proper and adequate manner as it is significantly responsible for propelling India’s overall development. The Infrastructure sector is the key driver of the Indian economy. The sector has received intense focus from the government for initiating policies that would ensure time bound creation of world-class infrastructure in the country. The promising Union Budget 2019 – 2020 is unequivocal in … Continue reading Union Budget 2019-20: Impact on Infrastructure
Ideas to maintain growth momentum
Economic policies have played a major role in scripting India’s growth story and have helped to explore a greater range of growth prospects which were earlier unexplored. Today, India stands at the threshold of emerging as a global leader with steady growth momentum supported by strong economic fundamentals. The idea of India may be seen as India moving towards shared prosperity with sustained high double digit growth trajectory, competitive manufacturing sector, easy & efficient taxation system, doubled farmers’ income and improved ease of doing business. To achieve this, the government must focus on kick starting the economic growth, achieve sustainable … Continue reading Ideas to maintain growth momentum
Takeaways from the Modi -Trump Meeting
PM Modi and President Trump will be spending five hours together over initially at one- on -one meeting and later with official delegations over cocktail and working dinner at the White House. There is marked bonhomie when Trump called Prime Minister Modi a true friend. Coming close on the heels of unsavory remarks about Paris Accord about India and China, the US Administration is creating a ground for a fruitful strategic dialogue and conveys a signal that Paris issue is a one off event and should be kept in the backburner.Yet, India’s negotiating strategy should be calibrated, realistic and should … Continue reading Takeaways from the Modi -Trump Meeting
Can India regain its past glory in textiles ?
There is hope in the textile industry that it can bounce back. That is significant since the industry, which ruled the roost in the past, has become dormant for quite a time. Sometime down the line, from its glory as one of the shining sectors in India’s growth story and often referred to as India’s future growth engine, textiles have slipped into a trajectory, where it was whimsically referred as a ‘sun set industry’. What is the future of the industry that has brought kudos to India’s workmanship once upon a time? Some statistics are worth examining. Though it has … Continue reading Can India regain its past glory in textiles ?
Dr Mahesh Y Reddy, Director General, Infrastructure Industry and Logistics Federation of India (ILFI) 