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Global and Domestic Perspective of the Forthcoming Budget 2023-24

This article discusses the overall global and domestic context in which India’s 2023-24 Budget will be presented on Wednesday 1 February 2023. The overall context sets the broad boundaries the Budget and its specific proposals must be viewed. It should be noted that while the Union Government’s Budget presentation (along with accompanying documents such as The Economic Survey, Finance Bill, Memorandum Explaining the Provisions of the Finance bill, Statement of Fiscal Policy under the FRBM, Fiscal Responsibility and Budget Management, Act, 2003, and others) is customarily the prime economic event of the year, Union Government’s economic and fiscal policy initiatives are undertaken throughout the year. Therefore, the Budget should not be taken in isolation. Professional analysts would not rely on just the Budget Speech to assess the Budget of a particular year.

India’s Global Leadership Aspirations through G20 Presidency

The G20 was conceived in 1999 in the wake of the Asian financial crisis as a platform for finance ministers and central bank governors to deliberate on issues pertaining to global finance and economy. In 2008, it was elevated to include the heads of State against the backdrop of global recession. Today, representing more than 80 per cent of the world’s GDP, 75 per cent of global trade, and 60 per cent of the global population amid a crisis of global multilateralism, G20 has emerged as a premier forum for deliberation on global issues.

India’s Macroeconomic Resilience amidst Global Fragility: Facts, Factors and Forecasts

Under the series, The State of the Economy – #EconDialogue, Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research Institute, New Delhi organized #WebPolicyTalk, a distinguished lecture on the topic India’s Macroeconomic Resilience amidst Global Fragility: Facts, Factors and Forecasts, by Dr Deepak Mishra on August 24, 2022. Dr Deepak Mishra is the Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. The session was chaired by Dr Rafiq Dossani, Director, RAND Center for Asia Pacific Policy, a Senior Economist and the Professor of Policy Analysis, Pardee RAND Graduate School.