As promised in the Interim Budget 2024-2025 by finance minister Nirmala Sitharaman, it was heartening to see the detailed and comprehensive road map for Viksit Bharat in the full budget. Overall, the Budget 2024 has been an inclusive one, listing out nine priority areas. In fact, inspired by Prime Minister Narendra Modi’s vision, FICCI’s four … Read more
This article focuses specifically on the Budget and what signals it could send. First, I suggest some standard macroeconomic tests which the budget must pass. I then turn to some areas where a new approach is needed and which are more controversial. Basic macroeconomics Viksit Bharat, understood as reaching developed country status, requires 8%-plus growth … Read more
NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic … Read more
In the course of preparing the budget, you have laid down a roadmap for a developed India. What are the key takeaways you intended for us? This process started before 8 October, when Prime Minister Narendra Modi addressed the nation from Red Fort (on 15 August). We believe ‘Amrit Kaal’ as ‘Kartavya Kaal’ as well. … Read more