Name: Prannoy Roy氏によるNirmala Sitharaman氏の2020年予算の分析 (Prannoy Roy's Analysis Of Nirmala Sitharaman's Budget 2020)
Uploaded: 2021-01-14T09:40:59.000Z
Duration: 1 h 49 min 26 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

Were there any really big ideas or that wasn't more quantity rather than quality, or what they wanted to big ideas that were hidden in the fine print?

We're also looking for a savior budget, a budget in a crisis because the economy is in deep distress and we needed something to boost demand so they could have gone either way.

They could put hands money in the hands off farmers rules.

Demand is at its lowest point that most of us can remember.

They could have done that, but what have they done when re guys down?

Bm Kasan money that goes out 75,000 calls the same as budget estimate last, and they couldn't spend that amount.

So instead they decided to go maybe sensibly.

Many of you would agree with infrastructure infrastructure where is now totally dependent when you look closely at the figures totally dependent on a huge disinvestment, target the disinvestment target.

If we don't reach, it will not get infrastructure.

This investment target for this year coming here is 210 lack crows.

Never before the last time it was 65,000 close 1 30 Gonna go from 65 to 210.

It's a huge ask would be very, very dependent on that coming through.

Of course, they do have a lycee, but we have some issues that we need to discuss about.

So with all these different options own car.

If I were facetious, I'd say my Brigitte Bardot visit.

But I mean, but I mean, honestly, honestly, I mean, I I have been so disappointed not because of the length of the speech or all of it.

In a time when you needed a completely focused budget.

Your cupboard is bare when you're covered his bear and you want to do a boost.

Pick three or four things for Max and really give it ammunition, right and ensure that it is going to be worked out and done within the year.

Instead of doing that, you take up every project which at one point or the other, the prime minister has given his sanctity to and you decide to put bits and bobs into it all the way through the budget without any direction.

I mean, it's one of the worst budgets I've come across in the last 30 years, if not the worst.

No, but you have a point in the sense that this was a time when you needed we're in a crisis.

And it's just a budget for a normal year.

Actually, we have with us Doctor Amit Mitra, the Finance minister.

Thank you very much for joining us before.

Before I ask you about this budget, I do want to surprise all our Panelists on the viewers by asking which was the state last year of India, which had the higher fastest growth rate last year, stayed GDP.

Well, I'll tell you right now you're asking me.

Well, I'm delighted to say it's West Bengal.

According to government of India data, 12.58% growth of GDP last year.

18 19 On this year, the data is just coming in when India is going at 5%.

West Mingle will grow a double digit for sure over 10% again.

But we've been saying that for ages they're not catching up.

But tell us now coming to the But today's budget is this going to make us go from 5% to 7% to 8% Get us out of, ah terrible slump that we're in very, very disappointing and I think, as own Car said, I agree with him its direction less not.

We need to understand that the GDP lowest in 11 years.

Private consumption expenditure lowest in seven years.

Agriculture wasting four years and most of importantly, your indexes.

Three major indices that have fallen Global hunger index.

Do you know that we've come down from 99th position, 203rd position further down, and Pakistan is ahead of us.

Enjoy Sri Lanka Global Social Mobility Index by the world Economic forum just published We become 76th out of 82 and you very well know Democracy Index.

So you're not only talking about the numbers that you're talking to talking about the qualitative decline off the entire economies, supply chain management, the deep rooted problems with regard to different sectors you won't get into.

And in this environment, what do you expect?

I would have expected a rambunctious budget, which takes risks, which says, Okay, I'm gonna pull this economy out of its current stupor with bold moves.

What in fact happens more than toe to our speech with lot off poetry and drama, and what comes out is a whimper without direction, without clarity.

I was sitting there thinking, Wait a second.

I was most surprised that even those which are there having undermined the core off core schemes allocation falls by negative 9%.

The 100 days work reduced by 13% jobs and skill development.

Fact is allocation reduced by 7% reduced negative 7% and commerce and industry again.

I happened to look after Commerce, Industry Ministry as well.

Of the small state of Bengal, commerce and industry reduced our location by negative 4.8%.

And now we're being pushed into the ventilator.

As far as the Indian economy is concerned, I'm worried about that.

A lot of people are disappointed with the lack of any direction in this budget, but people expect too much off from a fiscal stimulus.

So my sense is that if you be realistic, there wasn't much fiscal space.

There wasn't much that you could do in terms of macro policies.

So people were expecting that either she will do too much off our fiscal stimulus and have large deficits.

And then there were those who were arguing that if she does that, then you know you could fall in towards debt trap because currently we have high interest rates and not very high growth rates.

So to be realistic, there wasn't so much that could be done, given the way tax revenues have, especially since corporate tax that dropped by 150 like crows.

I mean, that was a terrible decline compared to the budget estimate.

And if your tax revenues are not doing well, GSD has not been doing well.

So if your tax revenues are not, But that's again, a reflection of the state of the economy.

So you're so Amit Mitra, would you have liked to see a bigger punch in terms of expenditure in this one kind of crisis here, and let the budget deficit will get a little bit not out of control, but go to 44.5%.

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Prannoy Roy氏によるNirmala Sitharaman氏の2020年予算の分析 (Prannoy Roy's Analysis Of Nirmala Sitharaman's Budget 2020)

perspective

discipline

significant

crisis