With gross domestic product (GDP) growth at a five-year low and the global economic environment definitely on a slowdown trend — which might even sharpen in the coming months — finance minister Nirmala Sitharaman was facing a major credibility challenge when presenting the first Budget of the Modi 2.0 Cabinet.
Would there be enough in the measures presented to convince domestic and foreign investors that the government was committed to be true to its electoral pledge to boost economy activity and jobs creation getting India into the fabled “$5-trillion economy by 2025”?
This Budget exercise involves even higher stakes as
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper