INTERIM BUDGET: ON EXPECTED LINES
- Credit Rating Agency in India
- Union Budget
- INTERIM BUDGET: ON EXPECTED LINES
In an election year, the incumbent Government cannot present a full Budget as there may be a change in the Government after the polls. Hence, there is a need for an interim budget, which was presented today by Finance Minister Nirmala Sitharaman. Over $130 billion was earmarked for infrastructure, e.g., roads and ports this year, which marked a rise of 11% jump from last year, but below the nearly three-fold trendline annual increases India has been seeing since 2019. With 11.1% rise in capex, thrust on poor, women, youth & farmers, the basic philosophy of the Vote on Account, as expected by us, is “if it ain’t broke, don’t fix it!”.