In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of a #39;bad bank#39; was being discussed ahead of the Budget, and that a counter-cyclical fiscal policy was part of pre-Budget deliberations.
From the stock market perspective, investors and businesses are pinning high hopes on the budget and any disappointment could lead to profit-taking.
India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services
While Nirmala Sitharaman’s immediate predecessors – the late Arun Jaitley, P Chidambaram, Pranab Mukherjee – faced many economic headwinds during their time, the enormity of the challenges faced was perhaps not even close to what she sees in front of her right now.
FDI equity inflows in April-November 2020 rose by 37 percent (YoY) to $43.85 billion.
