View: FM delivered admirably on fiscal consolidation — now to address a few concerns later this summer

This article discusses the macroeconomic background against which the interim budget was set, including India's growth rate in H1 FY24 and the slowdown in global economy and public investment. It highlights the contraction in industrial production and the decline in inflation. It also emphasizes the urgent issues of public sector's debt dynamics and the need for fiscal consolidation.
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