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According to Christian de Guzman of Moody's, while the interim Budget firmly conveyed India's commitment to its fiscal consolidation, the government's ability to meet its targets could be restricted due to a variety of factors
For a period of 50 years, the Union government will provide Rs. 75,000 crore at zero interest to states in order to assist their reform efforts towards achieving the goal of
Speaking to reporters after the presentation of the interim Budget, Finance Secretary TV Somanathan also said India's debt-to-GDP ratio is one of the lowest in the G20.
The demand for metals such as aluminum, zinc, steel, and copper are set to soar as these materials form the bedrock of infrastructure development.
The budget will need to focus on fiscal consolidation while maintaining capex and welfare spending