India’s Budget: Fiscal prudence and structural reforms paying off
The Indian Budget will give confidence to foreign investors that Indian Prime Minister Narendra Modi’s deep structural reforms and four-and-a-half years of hard graft cleaning up the economy are paying dividends. It will also give a much-needed fillip to demand whilst maintaining the holy grail of fiscal prudence. Balancing fiscal prudence and political populism is an extremely difficult task but Indian Prime Minister Narendra Modi and Finance Minister Piyush Goyal have successfully walked the tightrope while presenting the Budget in [...]