Modi Government to Prioritize Job Creation and Inflation Control in Upcoming Budget
New budget aims to address economic slowdown and high living costs, with a focus on welfare and infrastructure investments.
- Prime Minister Modi and Finance Minister Sitharaman seek to boost inclusive growth and reduce poverty.
- Key measures include increasing disposable income, fixing MSPs for farmers, and supporting MSMEs and renewable energy.
- Government plans to balance fiscal deficit with higher spending funded by RBI's $25 billion surplus transfer.
- Analysts expect potential tax cuts and increased subsidies for rural housing and food security.
- Upcoming budget will reflect the political dynamics post-election, with demands from regional allies influencing allocations.