Surging Towards India@100

THE FINANCE MINISTER presented a powerful Union Budget for 2023-24, setting the stage with figures indicating the country’s strong economic performance this past fiscal.

- Rakesh Bharti Mittal

Underlining the 7 per cent growth rate holds significance given recessive global headwinds of supply chain disruptions, and escalation of raw material prices due to ongoing geopolitical tensions in a period that was earmarked by the world for optimistic post-pandemic recovery. The resultant fiscal protectionism to combat inflation has entailed in noticeable concerns on recession in various countries. India however, stood out, and stood tall in measuring remarkable growth. The Union Budget captures the Indian economy’s encouraging performance to steer India towards long-term advancement. A striking feature of this year’s budget is its impressive and expansive scope. An equally if not more compelling component is the government’s keen focus on inclusive growth.

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