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Q. The new Budget will be presented soon. Any steps that you think can help marketers turn buoyant?
A: The Finance Minister is gearing up to present the first Union Budget of NDA 3.0/Modi 3.0 this month. There are high expectations from various quarters for steps that would accelerate growth in topline and bottom of India Inc (including growth in employment opportunities). The upcoming full Budget has to balance between fueling growth, curbing inflation, and ensuring fiscal discipline and generate employment.
With crucial support from key allies, the Finance Minister faces the challenging task of delivering strategic initiatives that will stimulate sectors such as defence, railways, infrastructure, renewable energy and digital infrastructure and its progression. Inflationary pressures have to kept under check too.
I hope the above steps would also, in turn, result in the buoyancy of M&E sector. With a stronger opposition, the populist demands have to catered to with a few state elections round the corner. Economics and politics have to be mingled adroitly by the finance ministry – not an easy task. But good economics can result in good politics too. Am I dreaming of a utopian world?