THE FINANCE MINISTER has done a skillful job in balancing capital expenditure-led growth promotion with fiscal consolidation. T Budget was prepared under exceptionally challenging conditions. Globally, great uncertainties prevail with supply disruptions triggered by the Ukraine war and the ongoing monetary tightening in the US and other advanced countries. Many countries are likely to experience recession later this year. India is described as occupying a sweet spot in this grim environment. But the impact of these global headwinds exacerbate challenges. Peeling away the base effect that has yielded high growth, underlying growth remains fragile. The Economic Survey indicates it could go down to 6% in 2023-24. Inflation is still elevated. The current account deficit (CAD) is also well above our comfort level. Finally, this being the last full Budget before the 2024 elections, the political cycle generates its own fiscal pressures. The Budget has navigated carefully through these challenges.
この記事は Financial Express Mumbai の February 02, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の February 02, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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