IT IS THAT TIME of the year again. The time of the Union Budget. The time for Finance Minister Nirmala Sitharaman to announce the accounts of the Government of India. And the time for Prime Minister Narendra Modi's unmistakable touches in economic and social strategy to peep through the pages of the FM's Budget speech. This time, there's an added dimension-February 1, 2023 will see the last Budget of the current BJP-led National Democratic Alliance (NDA) government before the next parliamentary elections in 2024. Historically, such occasions have seen governments announce an array of sops to please different sets of vote banks.
Such a picture is unlikely to be painted this time. For one thing, despite some shifts in political alignments and the BJP's not-so impressive performance in some state elections, no real opposition force seems to have evolved to a point to pose a serious challenge to a dominant NDA government at the Centre, led by a still-very-popular Prime Minister. For another, while India's economy is doing well-the fastest-growing major economy in the world, no less (in the G20, only Saudi Arabia is growing faster)-several headwinds are blowing vigorously, and would serve to thwart any adventurist possibilities.
Resilient is the word being used to describe the country’s current economic footing, even as the developed world goes through major convulsions—war in Ukraine and consequent mass migration, jobs and lives lost, and rising supply chain pressures; high inflation in the US, the UK and other developed economies; the return of Covid-19 in China and some western countries; the real possibility of softened prices of crude oil and other commodities spiking again; and some others. Naturally, such global tremors would not leave India untouched.
Esta historia es de la edición February 05, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 05, 2023 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.