All things rural India, uneven economic growth: FM Sitharaman's Budget & economy perspective in-depth

Posted on:
Key Points

In a detailed interview after presenting her sixth straight budget, she spoke to TOI on a wide range of issues, and said that govt held its hand while presenting the vote on account as it did not want to address issues in patches and, hence, opted to wait for the full budget in July..

It is for them to decide what is in the best interests of India at a time when it is growing fast in post-Covid times and amid the challenging global environment...

Rural India is readjusting itself to technology, technology-driven processes, and also wanting to make their own areas their comfort zone, where they can contribute and also earn a living..

Post-Covid people decided to diversify their supply chains instead of putting all the eggs in one basket to avoid disruptions even if it may have been economically efficient in terms of economies of scale and cost..

In the name of being an economist or an intellectual, you just want to chip into this debate and contribute such elements its K-shaped, L-shaped, Yshaped, or any other letter I dont think you are worried about looking at data or at the ground and commenting on issues...

You might be interested in

Indian economy on course to retain growth momentum: ​Finance minister Nirmala Sitharaman

04, Feb, 24

India Business News: Read the latest updates on the Indian economy and its growth momentum from Finance Minister Nirmala Sitharaman. Find out how the economy is recovering post-pandemic and showing its inherent strength.

Our track record speaks for us, we don’t need populism: FM Sitharaman

01, Feb, 24

The government has laid the foundation for people to now think in terms of meeting their aspirations, says finance minister Nirmala Sitharaman

What does the interim budget do to boost growth?

02, Feb, 24

Deleveraging of corporate balance sheets and easing global commodity prices have boosted profitability and created private sector appetite for investment | Latest News India

GDP likely to grow at 6.5-7.5% in FY24: CEA V Anantha Nageswaran

09, Jun, 23

It is probable that the 7.2% GDP growth reported for fiscal 2023 could be revised upwards during data revisions, Nageswaran said, speaking at a Confederation of Indian Industry event in Lucknow. He said it would be possible for India to grow for a longer period of time, a decade or more, without running into overheating problems because of its sound economic policies, the infrastructure built in the last eight years and digitisation gains.

Our challenge is lack of animal spirit in broader corporate India: Uday Kotak

01, May, 23

India needs to sustain 8% annual growth to become a $5-10 trillion economy, and the private sector must accelerate its investment, according to Amitabh Kant, India's G20 Sherpa. Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank asks why cant we see the animal spirit in broader corporate India? That is our challenge. He said the private sector will rise to the occasion, given time.

ET Awards: Dollar 5 T economy not possible without private sector increasing pace of capex, says Industry

30, Apr, 23

The Economic Times Awards for Corporate Excellence hosted a discussion by some of Indias sharpest minds. The subject: Private Sector Capex Revival: Key to 8% Growth. On the panel were Amitabh Kant, Indias G20 sherpa; Uday Kotak, CEO of Kotak Mahindra Bank; Sajjan Jindal, chairman of the JSW Group; Preetha Reddy, vice chairperson of Apollo Hospitals; and Sanjiv Mehta, CEO of Hindustan Unilever. Edited excerpts:

Triveni Sangam setting stage to kickstart next phase for India: Nilesh Shah, Kotak AMC

14, Dec, 23

So, investors should be aware that just because India is doing well, it doesn't mean that markets will continue to move only in one direction. As an investor, you must focus on quality, buy good companies run by good managers and those available at a good price. Retail investors have the luxury of taking a longer term view. They don't have to worry about 6-12 months performance or the volatility and so on and so forth.

Animal spirit back in economy, private investment picking up: CEA

06, Feb, 24

Private sector investment surges in India, buoyed by revived 'animal spirits' as coined by economist Keynes. Chief Economic Adviser Anantha Nageswaran notes a robust 7% GDP growth, citing indicators like PMI and stock market performance. Finance Minister Sitharaman echoes optimism in the interim Budget, anticipating greater credit availability with reduced government borrowings. Amidst sectoral growth in steel, cement, and petroleum, improved bank balance sheets signal readiness for risk-taking, fostering economic expansion.

India has to grow at 7.7% for next 23-24 years to become developed nation by 2047: Subba Rao

14, Jan, 24

Duvvuri Subba Rao says: “India needs to focus not just on accelerating the growth rate but we also need to generate job-intensive growth. We need to focus on inequality and on generating jobs in order to ensure that we become a developed country by 2047. We used to learn in economics that economic growth trickles down but now we know that economic growth actually trickles up and inequalities are widening across the world and within India.”

Latest GDP estimates: Recovery is partial and uneven, scars remain

07, Jun, 23

The momentum of the underlying drivers of growth is not as strong as dominant readings of the latest GDP estimates would have us believe