India's First Federal Budget

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Prime Minister Narendra Modi

BBC

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Modi's new budget faces jobs crisis test in India

Summary

Nutrition label

82% Informative

Prime Minister Narendra Modi's coalition government will present its first federal budget on Tuesday .

He is expected to usher in a reset in his spending policies, while maintaining fiscal prudence.

Analysts suggest the new government may need to focus more sharply on the rural majority.

The fact that this is Mr Modi's third term will preoccupy him with thoughts of leaving a lasting legacy.

A larger-than-expected dividend transfer from the central bank ( 0.3% of GDP) will enable the government to boost welfare spending and maintain capex, says Wall Street bank.

About 800 million Indians already live on free grain and some states spend close to 10% of their revenues on welfare schemes.

VR Score

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Neutral language

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semi-formal

Language

English

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not offensive

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