By Indian standards post-liberalization, and especially by the standards of the Modi government’s pre-pandemic budgets, Budget 2023 is huge: 14.9% of GDP. The government proposes to use its Rs 45 lakh crore expenditure heft to not just boost growth but also to expand the presence of the state to sectors that had escaped its reach. Whether this is a good thing, or a bad thing will depend on the observer’s ideological predilections.
This year’s budget is a bag of misplaced government spending priorities and misses some crucial challenges facing urban development.
The last full Union budget of the National Democratic Alliance (NDA) government continues to be plagued with the idea that “the private capital will ameliorate some of the basic problems of India and that large capital-intensive technologies will usher in development, including inclusive development.”
How fallacious is this argument? We have seen this in the past three decades. The structural difference brought in by Manmohan Singh’s budget in 1991 was to “shift India’s economy away from the hands of the government to the hands of private enterprise, and embraced free trade.
The #IMPRI Center for Habitat, Urban and Regional Studies (CHURS), IMPRI Impact and Policy Research Institute, New Delhi hosted an interactive panel discussion on the topic “Rural Realities and Union Budget 2023-24” on 3 February 2023, under the IMPRI 3rd Annual Series of Thematic Deliberations and Analysis of Union Budget 2023-24, as part of IMPRI #WebPolicyTalk.
Defence, Foreign Policy and Union Budget 2023-24 | Panel Discussion | #DiplomacyDialogue #IMPRI Center for International Relations and Strategic Studies (CIRSS), IMPRI Impact and Policy Research Institute, New Delhi invites you to an IMPRI #WebPolicyTalk series: The State of International…
Cities and Union Budget 2023-24 | Panel Discussion | #CityConversations #IMPRI Center for Habitat, Urban and Regional Studies (CHURS), IMPRI Impact and Policy Research Institute, New Delhi invites you to an IMPRI #WebPolicyTalk series: The State of Cities – #CityConversations…
How come the government has shown sober responsibility rather than wanton populism in the last full Budget available to it before the 2024 General Election? We see many pundits struggle with this puzzle on television and in newspaper columns and either remain puzzled or conclude that this government stands tall, beyond the temptations of expedience to which ordinary mortals are prone.
The Economic Survey 2022-23 is an information provider with little analytical thrust, at least on labour-related matters.
The Economic Survey (ES) 2022-23 prepared the ground for the focus points in the Union Budget 2023. The story on the labour front is as follows.