Says CISCO executive chairman John Chambers, who's 'met every leader in the world, and got to know them very well.'
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
With weekly additions slowing, it's likely that demand could be slackening
While overall employment rose from 456 mn to 463 mn between FY11 and FY15, with farm employment falling by 26 mn over the same period, the net addition to employment over the entire four year period was a mere 7 mn.
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
It is difficult to reconcile the GDP numbers with other economic indicators.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
Leading indicators suggest economic activity has been disrupted after demonetisation.
In the post-demonetisation phase, the govt's tax revenues have ended up soaring in November.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The contraction in November this year is the second biggest fall in the current financial year.
The bigger worry is that its effects could linger well into the next financial year.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Creation of 115 million non-farm jobs over next decade critical to sustaining growth, says McKinsey
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