If wealth creation is the goal, how does India’s budget balance market-friendly policies with revenue pressures?

Every Union budget has a built-in contradiction. It should stimulate growth, reassure investors and still convince the bond markets that public finances are under control. Spend too little and growth suffers. Spend too much, and credibility erodes. For the markets, the budget is not about generosity; it’s about balance and credibility.In India this tension is […]