Despite India’s incredible transformation over the last three decades into $1.8 trillion economy, the government’s annual economic survey continues to see the government as synonymous with the economy and not just as a part effect. Keeping this in mind, in a four-part series, Mint profiles the three-key stakeholders—the government, corporates and households—and the country’s single biggest challenge—the resource constraint. In the first part, we look at the government, the macroeconomic context within which it operates, and the areas of concern.
Growth bottoming out, temporary relief in inflation due to base effect
Fiscal strain mounts
*advance estimates, #analysts’ expectations, BE: budget estimates
Growing cost of credit
Also See | Economy: Growing concerns ( PDF )
Also Read | The Budget as an inflexion point
Source: Budget documents, CSO, RBI and Mint research