Will it help India step onto the path to Viksit Bharat by 2047?

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If high and inclusive growth is the surest way to reach that goal, the finance minister’s proposals for 2025-26 generally point in the right direction. However, that is not saying much.

Most budgets since 1991-92 have charted a similar path. There is wide recognition that the 1991-92 budget templated the optimum reform strategy for India. Sadly, it also ingrained in the political class the mantra that bold reform steps are politically saleable only when the economy is on the brink of ruin, as it was in 1991-92.

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India's Slow Turn Towards 'Viksit Bharat'

It will take a “Trumpian” makeover to shake the government out of the comfortable cruise control it is on.

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Topics: Narendra Modi Nirmala Sitharaman Union Budget 2025