Union budgets in India are often more than just a presentation of the Central government’s annual accounts. They are a platform for the government of the day to make grand announcements and articulate their philosophy of managing the economy. Now that a new government has taken charge, expect its first budget to lay out a blueprint of what it will take for India to become a developed nation by 2047, 100 years after Independence. The path to that goal over the next 23 years will not be easy. There will be a plethora of challenges and opportunities, some of which
The transition to a Viksit Bharat will extend over the next two decades, and the list of reforms needed to achieve the objective is bound to be long. The Budget can send critical signals
8 min read17 Jul 2024According to projections by the Confederation of Indian Industry, startups are expected to create 50 million jobs by 2030, which is certainly encouraging
4 min read18 Jul 2024To drive India’s growth and competitiveness, we must prioritize AI and new energy as foundational technologies that can revolutionize our entire economy
5 min read17 Jul 2024Domestic manufacturing must take a giant leap for India to be a global manufacturing hub. This is a necessity if we are to create scores of jobs and chart out a path for prosperity for our citizens
4 min read17 Jul 2024A more balanced federal design across the three tiers of the Indian state would be a better reflection of the concerns of 21st century India, as it climbs up the development ladder
5 min read17 Jul 2024Future infrastructure development will increasingly consider the hydrogen supply chain and the electric vehicle value chain. These developments present a solid opportunity for India to adopt a sustainable manufacturing model that caters to evolving structures
4 min read18 Jul 2024To be able to claim ‘developed’ status, India needs to ensure the world trusts its developmental statistics. That requires an overhaul of how India collects, processes, treats and reacts to data
7 min read17 Jul 2024Efforts aimed at state capability improvements will not strain the budget. Instead, it requires a long-drawn and painstaking national endeavour
5 min read17 Jul 2024The question that needs to be raised is: Does the age-old concept of welfare in times that are drastically different and ever-changing really allow people to fare well?
5 min read17 Jul 2024We are faced with worsening quality of life and inequity on our streets and in our neighbourhoods despite larger budgetary outlays by governments and increasing prosperity of city dwellers
5 min read17 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared