Economist Surjit Bhalla of Oxus Investment says that the budget must target subsidies and also reduce the NREGA allocations next year.
Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that "the top priority must be move away from populist measures".
The best thing the budget can do is to give a clear message that the economy is on the right path and India is a good investment destination.
The Indian economy is more exposed to the euro and the eurozone than the US dollar. We should be concerned about what happens there.
The consensus is that the RBI might pause its rate hikes. But a closer look at the numbers tells us that the RBI has good reason to continue raising rates.
As the Anna Hazare led anti-corruption movement rules air-time across media channels, the trend of increasing corruption reportage over the past few years came to fruition this year.
Despite the weatherman's forecast of a possible deficient monsoon, rainfall so far has been near normal. So expect a good kharif harvest.
A US recession is a matter of concern for India, but given the shift in trade and investment flows over the last 10 years, we will be impacted less than before.
It will be some time before the clouds clear and the real picture emerges after the US downgrade. for now, the economic outlook for India is tilted towards the positive. But keep your fingers crossed.
The rupee recently appreciated to a three-year high against the dollar; this recent level should not be seen as a one-off movement.
The slowdown in the Indian economy has begun to impact the pace of hiring. The biggest job-creating sector, IT-BPO, is also showing signs of fatigue.
The latest sample data on employment trends show a fall in unemployment and also a drop in the number of Indians seeking employment. More women are dropping out as incomes rise
The economy is facing strong headwinds, with inflation now probably in double-digits and growth slowing. The Reserve Bank will surely keep raising rates, and your ability to raise loans or spend more on the things you desire will be curtailed.
Though foreign direct investment has grown 43 percent in April, one month's figures don't reflect a trend. It's still a wait-and-watch situation in India.
Reading the paan stains in India-that-is-Bharath tells us that discretionary spending in rural India is up, thanks to a better crop last year, and the fruits of wage-driven anti-poverty schemes.
Monsoon forecasting has become a revisionist affair. Despite the Met's shift to an improved forecasting model, predicting the monsoon is a hazardous affair, with initial forecasts almost always being changed in June.