Analysis of Union Budget 2020-21 Moderators CA.
Author : lindy-dunigan | Published Date : 2025-05-10
Description: Analysis of Union Budget 202021 Moderators CA TV Mohandas Pai and CA H Padamchand Khincha SIRC of ICAI Contributors Krishnan S Ravi Sidula Sivaram R Sravani N Tarique K Panelists Mrs Kiran Mazumdar Shaw Chairperson and MD
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Transcript:Analysis of Union Budget 2020-21 Moderators CA.:
Analysis of Union Budget 2020-21 Moderators CA. T.V. Mohandas Pai and CA. H. Padamchand Khincha SIRC of ICAI Contributors: Krishnan S, Ravi Sidula, Sivaram R, Sravani N, Tarique K Panelists Mrs. Kiran Mazumdar Shaw Chairperson and MD, Biocon Limited Mr. Soumya Kanti Ghosh Group Chief Economic Advisor, State Bank of India Mr. R. K Misra Non-resident scholar at Carnegie India Co-founder, YULU Bikes Mr. S. S. Naganand Senior Partner, JUSTLAW, Advocates Mr. Prashanth Prakash Entrepreneur and Partner, Accel, Venture Capital firm SIRC of ICAI India at a glance 3 India at a glance SIRC of ICAI 03-Feb-20 Estimates India – Key Economic Indicators 2020 vs. 1991 ….. 29 years’ snapshot post liberalisation 4 SIRC of ICAI 03-Feb-20 India’s GDP Growth % - Last 12 Years 5 GDP expected to grow approximately @ 6 - 6.5% in 2020-21 SIRC of ICAI 03-Feb-20 India – GDP Projection 6 India needs to grow at 9% CAGR net of inflation (~3.5%) to build a USD 10T economy by 2030 China’s GDP grew at an average of 11.5% p.a. from 1979 to 2020 SIRC of ICAI 03-Feb-20 We are where China was in 2002 The World is Changing … 7 SIRC of ICAI 03-Feb-20 Source: OECD, analyst estimates India & China – at a glance ……………..China has grown faster 8 SIRC of ICAI 03-Feb-20 Digitization has transformed the world… Source: We Are Social 03-Feb-20 SIRC of ICAI 9 …and India has benefited tremendously Source: We Are Social 03-Feb-20 SIRC of ICAI 10 Video 1 Prominent themes FM Speech – Para 17 & Para 18 This budget is woven around three prominent themes: 1: Aspirational India in which all sections of the society seek better standards of living, with access to health, education and better jobs. 2: Economic development for all, indicated in the Prime Minister’s exhortation of “SabkaSaath, SabkaVikas, SabkaVishwas”. This would entail reforms across swathes of the economy. Simultaneously, it would mean yielding more space for the private sector. Together, they would ensure higher productivity and greater efficiency. 3: Ours shall be a Caring Society that is both humane and compassionate. Antyodaya is an article of faith. The digital revolution which has placed India in a unique leadership position globally will see the next wave…………………………… 11 SIRC of ICAI 03-Feb-20 Are we investing enough to grow the economy? Does the budget provide the investments needed? Are the structural reforms in the budget adequate to
