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Budget 2024: India’s resolve on fiscal prudence may counter tricky temptations

By Economic Times - 9 months ago
Interim Budget: The upcoming interim budget is crucial in terms of fiscal prudence and setting the path for achieving the fiscal consolidation target. Credit rating agencies are closely watching for any signs of fiscal slippage. The budget will provide a glimpse into the government's fiscal strategy and its seriousness about debt sustainability. Recent fiscal measures, such as LPG price cuts and increased support for lower-income groups, have been aimed at appeasing citizens. The government's focus on fiscal prudence and productive capex is expected to continue in the budget.

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