Reported 5 months ago
As Prime Minister Narendra Modi navigates his first budget with a new coalition government, he faces demands for over $15 billion from two key regional allies while striving to maintain fiscal discipline. With tax revenue surging and funds from the central bank at a record high, Modi appears poised to satisfy his allies without exceeding the deficit target of 5.1% of GDP. However, future fiscal stability remains uncertain, as other states have voiced concerns about equitable revenue distribution, and maintaining a balance between political demands and fiscal health will be critical ahead of upcoming elections.
Source: YAHOO