Setting out the Budget agenda
Hindustan TimesThe third Narendra Modi government will present its second budget on February 1 next year. New Delhi, India - Feb. 1, 2023: Union Finance Minister Nirmala Sitharaman with Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary and officials poses for photographs outside the Finance Ministry ahead of the presentation of the Union Budget 2023-24 at North Block in New Delhi, India, on Wednesday, February 1, 2023. The United States, the world’s biggest economy has re-elected Donald Trump as its president who’s vowed to make his economic policy more transactional, mercantilist, inconsistent and unpredictable. One, capital markets will like more reassurance in terms of a consistent and predictable fiscal glide path to compensate for what is otherwise a turbulent external economic environment. When read in light of the first two constraints, a Big Bang fiscal stimulus or a more aggressive export push seems less feasible right now.