[ad_1] It underscores the government’s commitment to fostering a robust economic environment that facilitates growth across various sectors, ensuring India remains resilient amid global uncertainties. It also provides a detailed road-map that highlights nine major priorities over the next five years, focusing on the poor, women, youth and farmers. These priorities aim to uplift all…
[ad_1] Moreover, this has been done with attention to macroeconomic stability and fiscal prudence, adhering to a path of fiscal consolidation, with the fiscal deficit pegged at 4.9% for 2024-25, in contrast with 5.6% of GDP in 2023-24. This will open up space for private-sector participation. Focused on all-round development measures that would generate economic…
[ad_1] The formation of the government and selection of Cabinet ministers and the Lok Sabha speaker suggested broad continuity of a Modi 3.0 administration. The budget was to be the next test to ascertain what we could expect from a Modi government dependent on its coalition partners for survival. Barring some sops, projects and other…
[ad_1] The uppermost issue was how the pressing demands of the two new, politically salient regional coalition partners from Bihar and Andhra Pradesh could be accommodated within the long-standing commitment to a fiscal deficit (FD) below 4.5% of GDP by 2025-26. The FD budgeted for 2024-25 in the final budget, at â‚ą16.13 trillion (4.9 %…
[ad_1] The budget presented on Tuesday is part of that forward-looking continuity. This continuity is anchored in conservative assumptions, given uncertainty (political flux, elevated asset prices and shipping disruptions). As finance minister Nirmala Sitharaman’s speech states, there are “significant” downside risks for growth and upside risks for inflation (though core inflation is under control). A…
[ad_1] Things seem to be falling comfortably into place for Indian Prime Minister Narendra Modi. Yes, he lost seats in India’s recent general election—but he was, nevertheless, re-elected for a third term. Yes, he is dependent upon allied parties for the first time in his political career. But those allies have been complaisant so far,…
[ad_1] Finance Minister Nirmala Sitharaman is set to present the full-year Union Budget for FY24-25 on July 23, 2024. The impact of the Union Budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. However, this upcoming Budget…
