Sudipto Mundle: The path to Viksit Bharat must be paved with a clear fiscal strategy
On 1 February 2025, India’s finance minister Nirmala Sitharaman presented her record eighth budget in Parliament. Her budgets have usually been characterized by three signature features: transparency, fiscal prudence and high capital expenditure (capex). However, in the 2024-25 and 2025-26 budgets, there is a visible tension between the latter two. Capex growth has been drastically…
