Reforms and fiscal consolidation will be the focus of the Budget. And with several states going to polls this year ahead of the 2024 general elections, economists expect big-bang announcements to woo voters
It will be a tight ropewalk for the government to balance populist measures and rein in reforms to boost investments as this is the last full-year Union Budget before India goes to polls in 2024. However, the government will have to prioritise growth and fiscal consolidation, according to experts.
“We expect the Union Budget to be a balancing act between fiscal consolidation, reforms and high focus on revenue and capex expenditure,” says Trideep Bhattacharya, CIO-equities, Edelweiss MF.