It's too risky to revert so slowly to policy as usual
It’s obvious why fiscal and monetary policy both had to shift into rescue mode after covid bared its fangs in 2020 as a threat to the Indian economy
Source: livemint.com
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Capital in gear
Big as next year’s capital expenditure outlay is, it’s beaten as an allocation by an interest tab of over ₹9.4 trillion to be picked up. It won’t be easy to lighten this debt burden, but robust growth and fiscal compression must do it, not inflation
Source: livemint.com
A bet on reforms-driven growth despite India's fiscal compression
A bet on reforms-driven growth despite India’s fiscal compression India’s finance minister also announced a set of financial sector reforms, be it in insurance, banking or development finance. Success would depend on how well these are carried out. (Photo: iStock)Premium Sudipto Mundle The budget has announced some laudable reform initiatives but their success will depend on how well they get implemented The budget has surprisingly opted for fiscal compression at a time when our economy needed higher spending. Thankfully, capital expenditure has risen, which can offer multiplier gains. S...
Source: livemint.com