Fiscal Deficit and GDP: 10 year India and Global Comparative
As Governments across the world grappled with COVID, the rules of the game had to change. The prudence of balancing incentives to revive GDP vs keeping Fiscal Deficit benign, wasn’t the paradigm anymore. India’s FY21 projected Fiscal Deficit of 9.5% was historical but so was the steep dip in GDP growth of -7.7%. Its the same story across the world. We crunched the numbers over the last 10 odd years and see how the otherwise stable graphs for most of the countries see a huge blip in these time
Payments Transformation in India : The Last Decade
From the snail days of Outstation, Local and high-value cheque clearing, Payment systems in India have under gone a metamorphosis. We now have world’s best multi-tiered system with 24 x 7, anywhere access. We look at some of the numbers in the decade gone by (2010-2020)