💨 Abstract

The upcoming Union Budget and monetary policy statement will be presented in a challenging global environment, with moderating urban demand, uncertain private capex trajectory, and potential tariff wars. The budget should focus on growth while maintaining fiscal consolidation. On the monetary policy front, domestic growth-inflation dynamics should be prioritized over currency defence. The budget should rationalize revenue expenditure to free up space for productive spending, and the monetary policy should be flexible to support growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖