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India needs financial innovation to recover GDP loss from GDP growth India needs financial innovation to recover GDP loss from GDP growth

India needs financial innovation to recover GDP loss from GDP growth

R P Gupta, Author of Turn Around India-2020 explains that it is imperative to enact structural & regulatory reforms thereby, boosting the investment rate and making India globally competitive in delivering long-ranging and sustainable benefits to the economy.

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India must quickly push GDP growth to double-digit and recover from the loss of GDP growth over the past two to three years. For this, the investment in productive capital assets and infrastructures (i..e gross fixed capital formation (GFCF)) must increase to 38-40 per cent of GDP.

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Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India

Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India

While the budget is bold and balanced at the same time, it is the effective implementation of the budgetary allocation that will determine the path towards sustainable economic recovery.

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Umesh Revankar, VC and MD, Shriram Transport Finance breaks down the finer points and the impact of Budget-2022 on India's growth story.

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