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 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...
Praveen Chakravarty writes: Increased government investment to stimulate economic activity is in principle a sound philosophy. But there are other more prudent ways to raise funds.