India’s Budget 2020: Yet Another Wasted Opportunity

Author
Gautam Chikermane
Content Type
Commentary and Analysis
Institution
Italian Institute for International Political Studies (ISPI)
Abstract
India’s middle class will count a few rupees, bank depositors will get a little security, privatisation enthusiasts will chew on a new player in the market. But other than high-sounding grandiose statements, India’s Budget 2020 has delivered no expectations. This was preordained, of course. So, if anyone is feeling disappointed, clearly s/he is not reading the economic signals in the economy or the approach of Narendra Modi’s government to it clearly. Finance Minister Nirmala Sitharaman had little room for manoeuvre. Her Budget shows how little. In a line: Budget 2020 is yet another wasted opportunity.
Topic
Markets, Politics, Budget, Finance, Narendra Modi
Political Geography
South Asia, India