Business Standard

Prioritising stability over growth

The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach

Illustration: Binay Sinha

Illustration: Binay Sinha

Ajay Tyagi
Amidst the uncertain global environment and gloomy economic outlook, many credible international institutions have repeatedly projected India as a sweet spot and, so to say, a safe harbour for investments.

The signs of peak inflation ebbing, the National Statistical Office  (NSO) forecast of a rather respectable 7 per cent gross domestic product growth for 2022-23, and relatively mild new Covid variant augur well as the backdrop for the finance minister to present the Budget on February 1. This feel-good factor helps given that it would be the last full-year Budget before the 2024 Lok Sabha elections. So far so
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jan 19 2023 | 10:23 PM IST

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