CII Director General Chandrajit Banerjee on India Budget

The video discusses the impact of the budget on various sectors, emphasizing the need for growth in the services and contact economy, particularly tourism and hospitality. It highlights the importance of fiscal consolidation and the rural economy, which accounts for a significant portion of GDP. The discussion also covers public and private investment, noting signs of recovery in sectors like construction and real estate. The video addresses consumption trends, the push for self-reliance, and the challenges posed by supply chain disruptions and chip shortages.

Which sector is highlighted as critical in the budget due to its impact on employment and growth?

• Contact economy

• Manufacturing

• Technology

• Agriculture

What is the role of fiscal consolidation in the budget discussion?

• To eliminate fiscal deficit

• To balance the fiscal path

• To increase fiscal deficit

• To ignore fiscal policies

What percentage of GDP does the rural economy account for, according to the discussion?

• 60%

• 46%

• 50%

• 30%

What is the expected outcome of public expenditure in the context of private investment?

• Decrease in private investment

• Reduction in public debt

• Crowding in of private investment

• Stagnation of private investment

What is a key expectation from the budget regarding consumption?

• Stagnation of consumption

• Decrease in consumption

• Uptick in consumption

• No change in consumption

What is the government's initiative to address the chip shortage in India?

• Increase chip exports

• Reduce chip usage

• Launch a semiconductor mission

• Import more chips

How does the concept of self-reliance relate to global connectivity in India?

• Self-reliance means isolation from global markets

• Self-reliance and global connectivity are mutually exclusive

• Self-reliance includes being globally connected

• Global connectivity is not a priority for self-reliance