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The government has incurred debt to cover its COVID-19 business and social lockdowns. The defence budget is now a likely to target for cost-saving.
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DOI: 10.1108/OXAN-DB253358
ISSN: 2633-304X
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This is despite India’s commitment to upgrading its military hardware and reorganising its armed forces. These tasks have become an even more urgent priority for India since early…
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DOI: 10.1108/OXAN-DB267574
ISSN: 2633-304X
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Economic policy of the Indian government's key policy think tank.
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DOI: 10.1108/OXAN-DB224715
ISSN: 2633-304X
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This priority is reflected in the government's economic agenda where the railways figure prominently. Besides proposals for new lines, metro systems and even bullet trains, Prime…
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DOI: 10.1108/OXAN-DB197835
ISSN: 2633-304X
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The budget was submitted on August 15 and is President Rodrigo Duterte's first. It is mildly expansive, focusing on the new administration's priorities of infrastructure, law and…
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DOI: 10.1108/OXAN-DB213194
ISSN: 2633-304X
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Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…
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DOI: 10.1108/OXAN-DB267284
ISSN: 2633-304X
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The government projects a narrower fiscal deficit. The budget will be the last for a full fiscal year before the 2024 general election, when Prime Minister Narendra Modi’s…
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DOI: 10.1108/OXAN-DB275818
ISSN: 2633-304X
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As finance minister Grant Robinson said, well-being is about “pursuing productive, sustainable, and inclusive economic growth that improves” citizens’ living standards and tackles…
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DOI: 10.1108/OXAN-DB229546
ISSN: 2633-304X
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The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…
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DOI: 10.1108/OXAN-DB259393
ISSN: 2633-304X
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It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…