 "Amish Mehta")
The Indian economy is staging a gradual recovery, but the environment — both local and global — remains challenging given the upside risks to inflation.
Covid-19 is not yet defeated and rising global crude prices and changing monetary policy stance in the US have thrown new challenges. Plus, the ongoing recovery has not benefited everyone or each sector proportionately.
The Budget, therefore, needed to go beyond just being a statement on fiscal health, and roll out a strategy that addresses near-term vulnerabilities without losing sight of the need to push growth over the medium term.
It does so in a fair way.
There
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