To Maintain Growth, the Next Budget Must Be Carefully Planned: FM
The next annual budget will have to be carefully structured to maintain the country’s growth momentum, according to Finance Minister Nirmala Sitharaman, who also mentioned that it will address inflation concerns. The finance minister was responding to a question about the next year’s budget at a fireside chat with eminent economist Eshwar Prasad at the prestigious Brookings Institute while in Washington DC for the annual meeting of the International Monetary Fund and the World Bank.
Because it is still early, specifics (of the next budget) may be difficult to determine. Priorities for growth, on the other hand, will remain at the top of the list even as I discuss the worries that inflation causes. As a result, inflation concerns must be addressed. The natural question, however, would be how you would manage growth, according to Sitharaman. Sitharaman is expected to present India’s next annual budget to Parliament in February, with preparations likely to begin in December.