Analysis

‘Game changing’ Budget proposal on railways to help cut logistics costs by half

‘Game changing’ Budget proposal on railways to help cut logistics costs by half

Higher allocations for the Indian Railways and the proposal for greater involvement of the private sector, including by asset monetisation, could change the face of the transportation sector in India, reduce the cost of doing business and, thus, improve the competitiveness of Indian products in the domestic and global markets.

India’s relaxed rules on investment for insurers set to trigger interest from US, EU

According to the 2021-22 annual Indian Budget, the government will allow FDI of up to 74% in insurance entities, up from 49% currently, clearing the way for "foreign ownership and control with safeguards".

India Budget 2021-22 highlights – The key takeaways

India Budget 2021-22 highlights – The key takeaways

The economy is projected to contract 7.7% in the current fiscal year, although the government forecasts growth of 11% for the coming fiscal year, after a massive COVID-19 vaccination drive and a rebound in consumer demand and investments.

India shares surge as budget 2021-22 focuses on growth; bond yields rise

India shares surge as budget 2021-22 focuses on growth; bond yields rise

Gains in ICICI Bank and IndusInd Bank after quarterly earnings lifted the Nifty Bank index 8.3% to an all-time closing high.

The fine print of the 2021-22 budget infrastructure push

The fine print of the 2021-22 budget infrastructure push

To facilitate this infrastructure building spree, the Finance Minister announced a $2.75-billion outlay to capitalise a new development finance institution (DFI). That would build up a lending portfolio of about $70 billion within the next three years.