The 2024-25 Budget has received plaudits from all comers despite it only being a Vote-on-account and devoid of any major policy changes. Attracting the most praise has been the government’s decision to target a fiscal deficit of 5.1 percent of GDP next year, well below expectations of 5.3 percent.
India, as a nation, has been different in many ways since May, 2014. With a new political leadership at the helm, the nation has shed its staid and steady approach of the past in favour.