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State of Indian economy, according to the Economic Survey 2022

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3 years ago

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State of Indian economy, according to the Economic Survey 2022

This year’s annual pre-budget economic survey, prepared by chief economic adviser Sanjeev Sanyal, first highlighted India’s flexible policy response to the Covid-19 shock.
The “agile” framework is based on feedback loops and real-time monitoring of actual results, as opposed to the traditional “waterfall” strategy that introduces a pre-stimulus package. Agile methods are aided by 80 high frequency indicators (HFIs) for today’s extremely uncertain environment.
According to Sanyal, the survey reverted to a single-volume format after eight years as the two-volume format “became unwieldy.”
Economic survey forecasts India’s GDP to grow by 8-8.5% next fiscal year on the back of broad vaccine coverage, gains from supply-side reforms, strong export growth and fiscal capacity to increase capital spending if needed . The forecast is lower than the 9% forecast by the International Monetary Fund.
The survey noted that vaccination should not be seen as merely a health response, but as a current macroeconomic indicator.
The GDP forecast is based on assumptions that there will be no further weakening of the pandemic-related economic disruptions, that the monsoons will be normal, that the withdrawal of global liquidity by major central banks will be largely orderly, that global supply chain disruptions will steadily ease throughout the year and that oil prices will In the range of $70-75 per barrel.
While the first four assumptions seem plausible, the fifth assumption on oil prices seems promising as analysts expect Brent to average around $80 a barrel this year or even higher due to geopolitical risks in Eastern Europe .

Brent crude topped $90 last week for the first time since 2014 and could rise to $120 in the coming months.
However, the economic survey does suggest that India needs to be wary of imported inflation, especially rising global energy prices.
Interestingly, the Economic Survey uses satellite imagery to highlight India’s infrastructure development. For example, satellite photos of nighttime brightness between 2012 and 2021 show the expansion of electricity supply, economic activity and urban sprawl. Other images show the extent of urban sprawl in some parts of cities such as Gurugram, Bengaluru and Mumbai. (4 pictures below)
The survey acknowledged that India’s economic response to the pandemic has placed more emphasis on supply-side reforms than demand-side reforms. Some of these include production-linked incentive schemes, removal of retroactive taxes, relaxation of guidelines for the BPO sector, telecom sector reform and revision of the definition of MSME.
Whether the budget will offer measures to stimulate demand, such as cuts to income or fuel taxes and increased income tax relief, will be announced in a few hours.

Complete News Source : Business Standard

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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