India, the world’s largest democracy, recently concluded its electoral process. As the formation of the new government nears, one of its first and most critical tasks will be to present a regular budget, revising the interim budget introduced prior to the elections. This article aims to analyze past budget trends by scrutinizing expenditures and incomes, and to identify the challenges and opportunities facing the incoming government. This analysis is particularly pertinent as the new government will be a coalition, likely facing more complexities and pressures from diverse political alliances than a single-party government, which typically operates with greater autonomy.
Navigating Fiscal Waters: Assessing the Challenges in India’s Budget Projections for 2024-25
A key highlight of the recent budget announcement was the reduction in the central government's fiscal deficit, which was revised from...
