Key Points
Interim Budget 2024: Arvind Virmani, economist and NITI Aayog member, has said that the pressure on the Modi government to undertake populist measures has reduced after BJP's state election victory..
Virmani had forecasted a 6.5% GDP growth rate for the current fiscal year, which is now at 7%, exceeding his expectations..
What is your assessment of Indias macroeconomic situation for the current fiscal year and the year ahead?..
The increase in export costs due to the recent Red Sea turbulence (due to attacks by Iranbacked Houthi militants) is marginal compared with what we have just gone through (container shortage and rise of freight costs)..
I have no idea what it will include, but I can see from the past that the budget speech may have political messaging..
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