Where Is The Government Spending? CARE Ratings Report
A man counts Indian rupee banknotes in India. (Photographer: Dhiraj Singh/Bloomberg)

Where Is The Government Spending? CARE Ratings Report

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

Government spending tends to have a significant bearing on the economic fortunes of a region, more so in the current scenario which has witnessed a dramatic fall in economic activity and thereby limited spending by the population and businesses at large.

The expenditure that a government intends to undertake is detailed in its budget which is linked with flows of revenue from various sources, which is in turn tied to a certain baseline projection of economic growth.

The pandemic and resultant restrictions of the last year led to a dramatic drop in economic growth in the country and has upset the finances of the government at the centre as well as the states.

Their budget calculations for FY21, which was generally made before the lockdown has been greatly distorted (a few states presented their Budgets in June and September 2020).

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CARE Ratings Where Is The Government Spending.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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