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Moneycontrol Budget Manifesto: Potential Fiscal, Public Finance & Policy Measures for Interim Budget

India’s projected 6.3-6.5 percent growth from 2023 to 2026, as estimated by the World Bank, might seem modest compared to its recent history. Yet, this positions India among the world’s fastest-growing economies and underscores its growing influence globally. The country’s economic resilience can be attributed to the government’s sharp focus on capital expenditure, relying on the assumption that higher public investment in infrastructure projects will unleash significant economic benefits. This, coupled with the spending power of Indian households, is expected to play a pivotal role in steering not only India but also the global economy through the current challenging times. The crucial challenge for the government is fostering a policy environment to sustain India’s attractiveness to foreign and domestic investors. Moneycontrol presents the Moneycontrol Manifesto.

first published: Jan 20, 2024 09:38 am