India's 2024 Interim Budget Prioritizes Fiscal Consolidation Over Populist Measures

The budget aims for a 5.1% GDP fiscal deficit target, focusing on infrastructure and long-term economic stability ahead of national elections.

• India's Interim Budget 2024 focuses on fiscal consolidation and infrastructure, avoiding populist measures ahead of elections.
• The budget aims for a fiscal deficit target of 5.1% of GDP, with increased expenditure on capital and social sector schemes.
• Anand Mahindra praises the budget for its brevity and stability, highlighting the higher Tax to GDP ratio as a foundation for future fiscal flexibility.
• The budget includes cuts in food and fertilizer subsidies, aiming to boost the rural economy and support low-income earners.
• Economists view the budget as a sign of the government's confidence in reelection, with a focus on long-term economic stability rather than short-term electoral gains.

45 Articles

NDTV NDTV NDTV NDTV NDTV CNA NDTV NDTV mint Al Jazeera mint mint BBC NDTV BNN Breaking NDTV NDTV Financial Post Financial Post Associated Press mint mint mint NDTV NDTV NDTV NDTV NDTV mint Deutsche Welle CNBC mint NDTV NDTV mint mint NDTV NDTV mint mint NDTV mint mint NDTV mint