In huge capex bet, an audacity of hope
The FM has been audacious to attempt to strike this difficult balance in India’s $3 trillion economy amid such enormous global uncertainty and headwinds
The forced capex gamble in Budget 2023
The more important question is, where is the money for such large government expenditure coming from?
Praveen Chakravarty
February 6, 2023
Image used for representational purpose only. (Express Illustrations)
By Praveen Chakravarty
A Union budget should typically be an accounting exercise of government revenues and expenditures for the past year and projections for the coming year. Over the years, it has evolved into a confused mix of political promises, economic strategy and accounting technicalities in a media spectacle. It is best not to get into the hoopla and analyse the budget for what it is—revenues and expenditures. Where a government gets its revenues from and...
The forced capex gamble in Budget 2023
The more important question is, where is the money for such large government expenditure coming from?
The Economic Survey that wasn’t
The Survey of 2022-23 is, sadly, more a dry compilation of data to substantiate the government’s economic performance, than the ideal space to discuss some of the serious economic issues of the day
One way to de-polarise Indian politics—add MOTA to the ballot
In India’s ‘first-past-the-post’ system, there’s a perverse incentive for political parties and candidates to overtly antagonise one section of voters to secure another section’s votes.