India needs a Budget for its young
1 year, 10 months ago

India needs a Budget for its young

The Hindu  

The world is indeed looking up to the Indian economy as a ‘bright star’, as the Finance Minister noted in the Budget speech on February 1. In contrast to capital expenditures, subsidies and social sector spending are considered ‘wasteful’ and, therefore, it is believed, a cut on their outlays will not hurt economic growth. Unwarranted fears about fiscal deficit Inflated fears about the fiscal deficit and government debt will only be counterproductive in a country possessing vast reserves of untapped human and other resources as India does. India’s government debt is held largely by domestic financial institutions, including public sector banks, insurance companies and provident funds. On the other hand, with a boost in government expenditures to provide food security, health and education, millions of India’s youngsters could indeed aspire to grow into bright stars that illuminate the world.

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History of this topic

India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months ago

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus

Live Mint  

India's Finance Ministry is set to begin preparations for the 2025-26 annual budget in October, as the country's economy continues its strong performance, maintaining a 7% growth rate for the fourth consecutive year, PTI reported. The upcoming budget is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand, as per …

Need a budget that focuses on demand creation
4 months, 2 weeks ago

Need a budget that focuses on demand creation

New Indian Express  

No budget will ever satisfy everyone. The ‘dream budget’ of 1997, which brought in a slew of reforms including reduction of tax rates, liberalised import, greater freedom for foreign investors, voluntary disclosure of undeclared income and the beginning of disinvestment in the public sector, is considered to be a pinnacle of performance for a finance minister. Years later, I was …

Budget 2024: The Neoliberal Lenses That Skew the Vision
4 months, 2 weeks ago

Budget 2024: The Neoliberal Lenses That Skew the Vision

The Hindu  

Published : Aug 04, 2024 16:08 IST - 6 MINS READ With the short-term, frenzied interest that accompanies annual Budget presentations having ended, it is time to look at issues that were largely ignored in the debate. In fact, around the time when Budget 2024-25 was presented, the G20 Finance Ministers’ meeting in Rio had agreed on jointly pursuing a …

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
4 months, 3 weeks ago

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers

Firstpost  

More than 1,000 participants from the industry, government, diplomatic community and think tanks, among others, attended the conference in person while many others will connect virtually from various CII centres around the country and overseas Prime Minister Narendra Modi on Tuesday addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference.’ During his address, PM …

Budget 2024: Prioritising inclusivity and fiscal prudence
4 months, 4 weeks ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs
5 months ago

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs

Hindustan Times  

The Union Budget is not merely a statement of accounts — it is a declaration of the nation’s economic priorities. By this yardstick, this budget reflects poorly on the Narendra Modi-led government and bodes ill for India’s political and economic future. Two key initiatives have been borrowed from the Congress’s Nyay Patra for the 2024 Lok Sabha elections: the internship …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

India's budget highlights job creation, rural growth
5 months ago

India's budget highlights job creation, rural growth

China Daily  

This file photo shows Indian Prime Minister Narendra Modi addressing the media to stake claim to form the new government at the Presidential Palace in New Delhi, India on June 7. Indian Prime Minister Narendra Modi's newly formed government unveiled an annual budget on Tuesday to the Indian Parliament with a proposal to significantly increase spending for job creation and …

India’s Modi sets aside billions for jobs, allies in post-election budget
5 months ago

India’s Modi sets aside billions for jobs, allies in post-election budget

Al Jazeera  

The budget lays out funds for rural programmes, to create jobs and for two states ruled by coalition members. India’s government has assigned billions of dollars for job creation and regions run by key coalition partners in a budget aimed at cementing the coalition and winning back voters after Prime Minister Narendra Modi’s election setback. Tax changes unveiled in the …

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’
5 months ago

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’

The Hindu  

As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. Read the full Economic Survey 2023-24 The survey goes on to state that growth prospects for the ongoing financial year “look good”, subject to geopolitical, financial market and climate risks. The outlook had …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

Ajit Ranade: It’s time to focus public spending on building human capital
5 months, 1 week ago

Ajit Ranade: It’s time to focus public spending on building human capital

Live Mint  

China’s extraordinary growth over three decades was fuelled by exports and domestic capital spending. Beyond these three major differences, we must note that India’s manufacturing sector accounts for only 17% of GDP, much lower than in China or other East Asian peers. Since it did not have universities in the top global ranks, it expanded spending on higher education with …

Budget must address fundamental questions, why is private investment very sluggish: Congress
5 months, 1 week ago

Budget must address fundamental questions, why is private investment very sluggish: Congress

The Hindu  

The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is "very sluggish" and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being created. Congress general secretary, in-charge communications, Jairam Ramesh said, “The non-biological PM’s cheerleaders and drumbeaters …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
6 months, 2 weeks ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

Delhi budget: Special focus on development of roads in rural pockets
10 months, 1 week ago

Delhi budget: Special focus on development of roads in rural pockets

The Hindu  

The AAP government's budget will have special focus on development of roads in rural pockets of the national capital, according to sources in the government. In its budget, the government is likely to propose a project for redevelopment of around 1,000 km of roads in villages for which a four-fold increase in allocation to the development department is expected, the …

Budget 2024: Delicate balancing by government testament to stability, growth
10 months, 2 weeks ago

Budget 2024: Delicate balancing by government testament to stability, growth

Live Mint  

Navigating the intricate journey of presenting an interim budget in the lead-up to general elections presents a formidable challenge. This has resulted in a delicate balancing act, culminating in a budget that stands as a testament to stability, growth, and the government's unwavering dedication to inclusive development. The government has taken a bold step by elevating the capital expenditure for …

Letters to The Editor — February 3, 2024
10 months, 3 weeks ago

Letters to The Editor — February 3, 2024

The Hindu  

A flip through The Interim Budget leaves the poor in the lurch. Proposals such as a focus on the railways, doubling the number of airports, reducing corporate tax, and no changes in income-tax slab make it a budget with the haves in mind. A.G. Rajmohan, Anantapur, Andhra Pradesh There may be fiscal prudence but a pressing issue such as rising …

A political, feel-good statement
10 months, 3 weeks ago

A political, feel-good statement

The Hindu  

Often, Budget speeches are political statements — more so, with impending general elections. The Budget statement attributed post-COVID growth revival to public infrastructure investment and proposes to continue the same in the coming year with a 11% rise in capital expenditure. In the last 3-4 years, the government has steadily raised public infrastructure investments, mainly on highways and communications, which …

Poll posture: On the 2024 Interim Budget
10 months, 3 weeks ago

Poll posture: On the 2024 Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman’s sixth consecutive Budget speech was an election-eve, self-congratulatory report card on the economic achievements engendered by Prime Minister Narendra Modi and the two governments he has led since 2014. Echoing the Finance Ministry’s review of the economy’s performance, and stating that Mr. Modi had inherited a situation replete with ‘enormous challenges’ when he assumed office, Ms. …

Interim Budget: Plans Afoot on Making India Developed Nation by 2047
10 months, 3 weeks ago

Interim Budget: Plans Afoot on Making India Developed Nation by 2047

Deccan Chronicle  

New Delhi: As India has been witnessing robust economic growth, the interim budget of 2024 has set a vision to make India a developed nation by 2047 with several measures, including containing fiscal deficit to manageable levels, momentum to nari shakti, welfare of farmers, empowering youth and poor, boosting agriculture & food, solar & electric vehicles, resilient performance of Indian …

States in focus, a budget that seeks to lift all boats
10 months, 3 weeks ago

States in focus, a budget that seeks to lift all boats

Hindustan Times  

NITI Aayog’s discussion paper, “Multidimensional Poverty in India since 2005-06”, shows that nearly 250 million Indians moved out of multidimensional poverty between 2013-14 and 2022-23. Interim Budget 2024-25, through its focus on the upliftment of garib, mahila, yuva and annadata, seeks to ensure that the tangible development gains of the last decade are sustained and further accelerated. This signals India’s …

India’s government announces a short-term budget until national elections are held by May
10 months, 3 weeks ago

India’s government announces a short-term budget until national elections are held by May

Associated Press  

NEW DELHI — India’s finance minister unveiled on Thursday a short-term budget to meet government expenditures until national elections are held by May, saying it will boost spending on infrastructure projects, build homes for poor villagers and cut the fiscal deficit by reducing subsidies. Prime Minister Narendra Modi’s government faces criticism for not creating enough jobs despite offering billions of …

Interim Budget 'guarantee of strengthening foundation of Viksit Bharat': PM Modi
10 months, 3 weeks ago

Interim Budget 'guarantee of strengthening foundation of Viksit Bharat': PM Modi

India Today  

Prime Minister Narendra Modi on Thursday described the interim Budget 2024-25 as "innovative" and a "confidence of continuity" and said it was a guarantee to strengthen the foundation of a Viksit Bharat by 2047. In a video statement, PM Modi said the interim Budget was a reflection of the "young aspirations of a young India" and would empower the four …

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor
10 months, 3 weeks ago

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor

India TV News  

Applauding the 'progressive budget' presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi said that the interim Budget has given the guarantee of a Vikishit Bharat by 2047. PM Modi said that this interim budget is inclusive and innovative and has confidence of continuity. PM Modi said, adding, "This interim budget is inclusive and innovative. Meeting the needs …

How the budget can influence Indian equity markets
10 months, 3 weeks ago

How the budget can influence Indian equity markets

Live Mint  

Indian equity markets have surely come of age in the last few years with the market cap of BSE crossing $4.4 trillion. How union budget can directly influence capital markets One issue Budget 2024-25 must address is the cascading effect of dividend taxation. There are certainly direct tweaks that the Budget 2024-25 can make to facilitate greater participation in equity …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Credibility has been a highlight of India’s budgets
10 months, 3 weeks ago

Credibility has been a highlight of India’s budgets

Live Mint  

As per indications, this is likely to be an interim budget, though there is no constitutional provision to present an interim budget before a general election. Even as the interim budget may be devoid of policy announcements, it is important to look at the budget from the lens of what the government would want to achieve from a fiscal policy …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Welfare spending has been getting a regular pruning
1 year, 7 months ago

Welfare spending has been getting a regular pruning

The Hindu  

This year’s Union Budget was criticised by experts over a decline in allocations for welfare schemes in real terms, at a time of post-COVID-19 recovery when welfare spending should have been a priority. To cover all women and births as per the National Food Security Act mandate, the scheme needs around ₹14,000 crore, but the PMMVY Budget is yet to …

ADB pares India’s growth hopes to 6.4%
1 year, 8 months ago

ADB pares India’s growth hopes to 6.4%

The Hindu  

The Asian Development Bank has slashed its growth projection for India for 2023-24 sharply from 7.2% estimated earlier to 6.4%, attributing the cut to the global economic slowdown, tight monetary conditions, and persistently elevated oil prices. While domestic consumption demand is likely to stay healthy, private investment growth is likely to be lower this year due to high lending rates …

Delhi Budget 2023: Rs 16,575 Crore Allocated To Education, Push On Education Infra Revamp
1 year, 9 months ago

Delhi Budget 2023: Rs 16,575 Crore Allocated To Education, Push On Education Infra Revamp

ABP News  

Delhi FInance Minister Kailash Gahlot presented the Delhi Budget 2023-24 in the legislative assembly today, March 22, 2023. Compared to last year's Delhi Budget education allotment of 16,278 crore, there hasn’t been a significant increase in education expenditure, with just a nominal addition of Rs 298 crore. However, the Delhi Budget 2023 underlined the AAP government’s push and commitment towards …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

UP Budget Expected To Touch Rs 7 Lakh Crore Mark, To Focus On Infrastructure, Agriculture, Jobs
1 year, 10 months ago

UP Budget Expected To Touch Rs 7 Lakh Crore Mark, To Focus On Infrastructure, Agriculture, Jobs

ABP News  

New Delhi: Uttar Pradesh Budget for the financial year 2023-24 will be presented in the Legislative Assembly today. Chief Minister Yogi Adityanath has said that the budget will focus on the expectations of the people and overall development. According to the sources, the budget is expected to be around Rs 7 lakh crore for the financial year 2023-24 against the …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second …

Budget 2023 needs to viewed from lens of Amrit Kaal and long term aspirations set by PM Modi
1 year, 10 months ago

Budget 2023 needs to viewed from lens of Amrit Kaal and long term aspirations set by PM Modi

Firstpost  

Finance Minister Nirmala Sitharaman has proved the predictions of the analysts wrong by not succumbing to the myopic expectation of electoral politics and has brought in the balance between economic realities and pragmatic politics New Delhi: Each year, the Union budget of India arouses not only interest but passionate debate across the country. While budget analysis usually revolves around numbers, …

Sanjaya Baru | The State in the economy and state of the economy
1 year, 10 months ago

Sanjaya Baru | The State in the economy and state of the economy

Deccan Chronicle  

Continuing the emphasis placed in the Union government’s budgetary strategy for the last fiscal year 2022-23, Union finance minister Nirmala Sitharaman has retained her focus on public investment as the driver of economic growth for the ensuing 2023-24 fiscal year. Recognising that private investment was not adequately forthcoming during the government’s first term in office, former finance minister Arun Jaitley …

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24
1 year, 10 months ago

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

The Hindu  

If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face of it. Terming it the …

Making India the No 1 economy in the world is our priority: Bandi
1 year, 10 months ago

Making India the No 1 economy in the world is our priority: Bandi

Deccan Chronicle  

NEW DELHI: BJP state president and MP Bandi Sanjay Kumar welcomed the ‘wonderful’ Union Budget as it will cater to the needs of all sections of people. The BJP state president said that some sections believed that the budget will be an ‘election budget’, but Modi showed that he is moving ahead with a longer vision. Meanwhile, BJP OBC morcha …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

Yogi Adityanath hails Budget, says it will fulfil aspirations of all sections of society
1 year, 10 months ago

Yogi Adityanath hails Budget, says it will fulfil aspirations of all sections of society

The Hindu  

The Union Budget on Wednesday evoked mixed reactions in Uttar Pradesh. Chief Minister Yogi Adityanath hailed the Budget and described it as a Budget for ‘New India’ which aims to serve 130 crore people of the country. “The Budget will fulfil the expectations and aspirations of all sections of society, it talks about the vision for New India, the country’s …

Budget envisions prosperous and inclusive India: Gadkari
1 year, 10 months ago

Budget envisions prosperous and inclusive India: Gadkari

Live Mint  

New Delhi: Road minister Nitin Gadkari on Wednesday said that the Budget presented by finance minister Nirmala Sitharaman envisions a prosperous and inclusive India. “Driving the country to ‘Aatmanirbharta’, this budget will equip India with new-age infrastructure, decline imports and strengthen the energy sector with a futuristic approach.” Gadkari added that inclusive development, reaching the last mile, infrastructure and investment, …

Budget 2023-24: A lookback at the achievements of Modi govt since 2014
1 year, 10 months ago

Budget 2023-24: A lookback at the achievements of Modi govt since 2014

Firstpost  

The Union Finance Minister has provided credit for the efficient implementation of many schemes with the universalisation of targeted benefits for the resultant inclusive development across the country since 2014. New Delhi: The government’s efforts since 2014 have ensured all citizens a better quality of living and a life of dignity, said Union Finance Minister Nirmala Sitharaman. “We have significantly …

Budget 2023-24: PM Modi lauds Budget, says 'Amrit Kaal’s first budget provides foundation for developed India'
1 year, 10 months ago

Budget 2023-24: PM Modi lauds Budget, says 'Amrit Kaal’s first budget provides foundation for developed India'

Firstpost  

This budget is for a sustainable future further encouraging green energy, green growth, green infrastructure, and green jobs. New Delhi: Prime Minister Narendra Modi lauds the Union Budget 2023-24 presented by Union Finance Minister Nirmala Sitharaman. Calling it “Amrit Kaal’s first budget,” the PM said that the Budget gives priority to the deprived and will fulfil the dreams of the …

Budget 2023: Balanced and prudent budget with no negative surprises
1 year, 10 months ago

Budget 2023: Balanced and prudent budget with no negative surprises

Firstpost  

Overall, there are multiple positives across segments to be taken away from the Budget and it goes a long way to improve India’s macro-economic picture from a growth and fiscal discipline perspective The Union Budget 2023 announced by Finance Minister Nirmala Sitharaman is a balanced budget with no negative surprises, prudently maintaining a fiscal deficit target at 5.9 percent while …

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