This year’s Budget is a document with a futuristic vision. The government has listed seven priorities (saptarishi) that will guide policymaking on the road to 2047 |
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| It goes beyond populism; is conservative on nominal growth; makes a big push for the new tax regime; focuses on capital expenditure; and places emphasis on climate and macro-trends |
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| The Budget 2023-2024 remains that ‘rare exercise’ where good politics and reasonably competent economics have fused, even if this coexistence remains somewhat fragile | |
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| The finance minister has done well to stick to the path of fiscal consolidation, but whether people will move to new default tax regime will depend on some factors |
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| The FM has been audacious to attempt to strike this difficult balance in India’s $3 trillion economy amid such enormous global uncertainty and headwinds |
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| The document provides a clear vision for India at 100, with inclusivity and prosperity as central facets. Further, while acknowledging external headwinds, it pushes for domestic growth drivers to spur development. |
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| Union Budget 2023-24 is a landmark, growth-oriented budget which not only took steps to ensure India’s continued macro stability, but also amply rewarded the consumer for her faith in the Indian growth miracle. |
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| Data from quarterly PLFS rounds are available till the three months ended September 2022. Rural employment numbers, however, are released in the annual PLFS reports. These reports show tangible improvement on three key labour market statistics. |
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| The survey tabled by Union finance minister Nirmala Sitharaman in Parliament on Tuesday said financial year 2021-2022 (FY22) witnessed an improvement in the gender parity in school enrolment, growth in basic infrastructure facilities at school level, and a better pupil-teacher ratio in schools. |
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| Why has the government not done anything to alleviate the pain of this K-shaped recovery? There can be only two logical answers to this question. Either the government is convinced that there is no such crisis, or it does not see the need to act immediately on these concerns |
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| In re-prioritising expenditure with its big push on capex, the finance minister is taking a bet on the Indian economy, one that, for the moment, has significant risks for the livelihoods of India’s poor and vulnerable. Let’s hope it pays off |
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| There were the Mithali and Jhulan years, then came Harmanpreet and Smriti, but now we have a generation that can set off a million dreams. |
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| India’s wheat yield in 2023 is likely to break a record and touch 112 million tonnes |
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