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Top headlines: Budget bets big on growth, its finances explained in charts


Budget bets big on growth: FM squeezes subsidies, raises capex again
Braving the inevitable questions that will be asked by the bond markets and by rating agencies, the government has bet boldly on a growth revival providing India with favourable debt dynamics going forward. The deficit itself has been financed not just through an unprecedented expansion of market borrowing which will be at Rs 9.6 trillion next year but also through dipping heavily into the pool of small savings to the tune of almost Rs 48,000 crore over 2020-21 and about Rs 40,000 crore in 2021-22. Read more
Spend, earn, tax: Finances of Union Budget 2021 explained in nine charts ....

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Non-protectionist but non-performing Budget


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