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Terms of Trade | Modinomics, beyond the budget
Feb 02, 2024 05:12 pm
By
infodivyadelhi

A gist of the economic paradigm which the Narendra Modi government seems to have adopted and executed perfectly By the time this column is read, most of what needs to be said on the interim budget of the government would have already been said. Not that there is much to say beyond two basic points: The government is politically confident of its political prospects in the forthcoming general elections, and therefore it has decided to boost the confidence of markets by adhering to its fiscal consolidation path without drawing back on the capital spending momentum. Finance minister Nirmala Sitharaman leaves the finance ministry ahead of the presentation of the interim budget in Parliament. (Sanchit Khanna/HT)PREMIUM  Finance minister Nirmala Sitharaman leaves the finance ministry ahead of the presentation of the interim budget in Parliament. (Sanchit Khanna/HT) This is exactly why this column will try and discuss what the budget tells us about the economic philosophy of the Narendra Modi government. Here is the gist of the economic paradigm which the Modi government seems to have adopted and executed perfectly. The dynamics discussed so far are important from the economy’s perspective but pretty much irrelevant when it