India’s FY14 Union Budget – credible and pragmatic
Published on Thursday, February 28, 2013 | Updated on Thursday, June 16, 2016
India’s FY14 Union Budget – credible and pragmatic
Summary
India's new budget for FY14 (year ending March 2014), presented today, delivered on three counts: 1) it delivered a credible fiscal consolidation path, 2) it focused on the quality of deficit reduction and 3) it balanced austerity with populism without undermining economic growth.
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- Asia
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- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist