Cushion from a high nominal GDP base will not be around in FY24. Budgeted expenditure will be vulnerable to pruning in case of shortfall in revenue realisation.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
Most key Hindutva/RSS objectives have been achieved, and Modi & BJP now need social calm, at least till summer of 2024. A de-escalation of some sort is on.