An intricate link that connects Budgets and politics

The process of budgeting in India is intertwined with politics and electioneering. Budgets in India have historically included announcements for target states as well as specific voter groups 

On February 1, Finance Minister Nirmala Sitharaman will be presenting the third Budget of Modi 2.O and the first since COVID-19 struck. Her biggest challenge will be to find a balance between growth and fiscal discipline. This financial year, India is likely to record its fifth recession since Independence.

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