Union Finance Minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2023-24 on Wednesday amidst many challenges that the economy faces. The government’s finances are tight, with debt rising due to the various social welfare schemes during the pandemic. The headline inflation has fallen below the Reserve Bank of India’s threshold limit in the last two months. Core inflation, however, remains sticky. While economists expect the government to stay on the course of fiscal consolidation, the government might be tempted to adopt a populist route.
2023 will see state elections in as many as nine states, the results of which will be seen as a precursor of what the country’s political landscape might look like post the 2024 General Elections.
01 February, 2023
We have a conducive ecosystem on the country, as reflected in global indices, says FM
01 February, 2023
During the COVID pandemic, we ensured that nobody goes to bed hungry with a scheme to supply free foodgrains to over 80 crore persons for 28 months: FM Nirmala Sitharaman presents #UnionBudget2023
01 February, 2023
FM gives credit to the digital backbone that India has credibly developed.
01 February, 2023
Indian economy on the right track, and heading towards a bright future: Finance Minister Nirmala Sitharaman
01 February, 2023
“This is the first Budget in Amrit Kaal,” FM says.
