Modi likes the Budget to be a low-key, routine, annual statement of accounts. Big bang announcements can be made through the year, when it suits his politics.
Nirmala Sitharaman's Budget has missed the opportunity to give farm sector the much-required thrust. And by reducing food & fertiliser subsidy, it has made matters worse.
The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.
Perhaps the present crisis and trauma can force our country into something resembling that special moment we found in the sixties. Perhaps we can radically alter our business environment.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
But this what the economists have been saying for last many years that budget is an account of expenditure and incomes. The announcement of policies for any economic development/growth should not be tied up with it. Also, many economists who not ant BJP are finding the budget balanced and the economic reforms are taking place continuously as expected by the economists and businessmen. The ease of doing business and ease of living are also going up continuously.
It appears that Shekhar is endorsing this PM’s neutering of the Lok Sabha’s role of overseeing the income and expenditure of the central government. In effect, Shekhar has repudiated the parliamentary system itself.
The content of this article is substantially similar to Shekar Gupta’s 21 minutes video in which he was interviewed by Jyothi Malhotra. It is a fair assessment. This is one angle which none of the Talking Heads of TV channels have caught on to. Budget is just an annual financial statement. This is what Constitution mandates. Budget does not need Band baaja! But, that does not stop her highness our FM from playing havoc with Income Tax, such as tax collection at source on remittances sent abroad, though the money would have already suffered IT!
“The first Budget of this new decade is a #JanJanKaBudget. It combines futuristic vision with a definitive action plan for growth. The Budget will boost income, investment, demand and consumption. It will strengthen our financial systems and the credit flow.” – Prime Minister Narendra Modi
Whatever Modi does, he has only good of India in his heart. He is the first PM, to work for common people of India. He is least bothered about the criticism by pseudo seculars, Khan market gang or corrupt opposition leaders.
Economic or niche Jayega q k yeh govt. KO economic k bare Mai kuch nhi pata h.or agar yeh jhut hua toh within 2 months Mai pata chal Jaye ga. Modiji gareeb or middle class k liye kuch kijiye,Jo abhi tak aap ne 6 saal Mai nhi kiya h.or kya hua mera act. Mai 15 lakh aaya nhi abhi tak Jo har gareeb k act.Mai aane wala tha.or haa aap Pakistan ka maa behen Jo Karna h kijiye humlok saath hai.but 15 lakh Jldi bhej dijiye q k aap k govt.ne kaha h black money WAPAS aa gaya hai.hum daily account check krte h 1 rupya bhi nhi mila h.
Some people no matter what they do are always demonised and painted a villan. Narendra Modi is probably one of them. There is an adage in Sanskrit which means, “In excess even nectar is poison”.
Over the years media abused him to a point of no return. Now they are cribbing. The same is happening with the opposition. Trying to be over zealous, they missed the plot.
Modi now feels he is accountable only to his electorate and not the intermediary!!
Play by his rules for now or change the game. You have very limited options.
It’s a good sign though that the government has a mind of its own now and is not influenced by the who is who in media and other places like in the earlier days.
I have not seen even a few brahmins criticizing the moodi dispensation ,even for legitimate wrongs offending the Indian judiciary ,citizen and most often making a mockery of democracy! This is why many in india hate brahmins ! Unabashedly foot lick those in power ,whether they are good or not ,whoever those were in power centers ,be it pre-independebce Britishers or post independent Indiraji (during emergency ) or the most dictatorial ,anti poor.,anti people and controversial Govt of Moodi and co ,without any shame ,social responsibility rationality or care for the nation!They have an outright selfish attitude !Sometimes even rational and balanced people feel that brahmin bashing is a definite must to keep these demonic menaces in check !Wait for your
“moment of glory” ,when it arrives ,once this moodi mess is cleared by the people of India ,by the sons of the soil,true indians !Jai bharat !
Perfect analysis…he is the clever mr PM…knows how to manipulate and control our fake-left and other communists and make them irrelevant. Jai ho! The Messiah for India.
Shekhar ji at his best. Reforms in budget or not. We just want country to move forward, economy to create prosperity, honest critique of the government and an honest critique of that critique too. A too and fro honest debate.
But this what the economists have been saying for last many years that budget is an account of expenditure and incomes. The announcement of policies for any economic development/growth should not be tied up with it. Also, many economists who not ant BJP are finding the budget balanced and the economic reforms are taking place continuously as expected by the economists and businessmen. The ease of doing business and ease of living are also going up continuously.
It appears that Shekhar is endorsing this PM’s neutering of the Lok Sabha’s role of overseeing the income and expenditure of the central government. In effect, Shekhar has repudiated the parliamentary system itself.
The content of this article is substantially similar to Shekar Gupta’s 21 minutes video in which he was interviewed by Jyothi Malhotra. It is a fair assessment. This is one angle which none of the Talking Heads of TV channels have caught on to. Budget is just an annual financial statement. This is what Constitution mandates. Budget does not need Band baaja! But, that does not stop her highness our FM from playing havoc with Income Tax, such as tax collection at source on remittances sent abroad, though the money would have already suffered IT!
“The first Budget of this new decade is a #JanJanKaBudget. It combines futuristic vision with a definitive action plan for growth. The Budget will boost income, investment, demand and consumption. It will strengthen our financial systems and the credit flow.” – Prime Minister Narendra Modi
Whatever Modi does, he has only good of India in his heart. He is the first PM, to work for common people of India. He is least bothered about the criticism by pseudo seculars, Khan market gang or corrupt opposition leaders.
Faisal khan jaison ko sir mufti me paisa chahiye aur Modi ko Galian. Aur kuchch samajh nahi avatar.
I fully agree with Shekar, Modi likes big bang credit should come from his office. If they are in the budget the credit will go to FM.
Very good analysis and well studied. Thanks
Economic or niche Jayega q k yeh govt. KO economic k bare Mai kuch nhi pata h.or agar yeh jhut hua toh within 2 months Mai pata chal Jaye ga. Modiji gareeb or middle class k liye kuch kijiye,Jo abhi tak aap ne 6 saal Mai nhi kiya h.or kya hua mera act. Mai 15 lakh aaya nhi abhi tak Jo har gareeb k act.Mai aane wala tha.or haa aap Pakistan ka maa behen Jo Karna h kijiye humlok saath hai.but 15 lakh Jldi bhej dijiye q k aap k govt.ne kaha h black money WAPAS aa gaya hai.hum daily account check krte h 1 rupya bhi nhi mila h.
Some people no matter what they do are always demonised and painted a villan. Narendra Modi is probably one of them. There is an adage in Sanskrit which means, “In excess even nectar is poison”.
Over the years media abused him to a point of no return. Now they are cribbing. The same is happening with the opposition. Trying to be over zealous, they missed the plot.
Modi now feels he is accountable only to his electorate and not the intermediary!!
Play by his rules for now or change the game. You have very limited options.
It’s a good sign though that the government has a mind of its own now and is not influenced by the who is who in media and other places like in the earlier days.
I have not seen even a few brahmins criticizing the moodi dispensation ,even for legitimate wrongs offending the Indian judiciary ,citizen and most often making a mockery of democracy! This is why many in india hate brahmins ! Unabashedly foot lick those in power ,whether they are good or not ,whoever those were in power centers ,be it pre-independebce Britishers or post independent Indiraji (during emergency ) or the most dictatorial ,anti poor.,anti people and controversial Govt of Moodi and co ,without any shame ,social responsibility rationality or care for the nation!They have an outright selfish attitude !Sometimes even rational and balanced people feel that brahmin bashing is a definite must to keep these demonic menaces in check !Wait for your
“moment of glory” ,when it arrives ,once this moodi mess is cleared by the people of India ,by the sons of the soil,true indians !Jai bharat !
Perfect analysis…he is the clever mr PM…knows how to manipulate and control our fake-left and other communists and make them irrelevant. Jai ho! The Messiah for India.
i agree.
The author must agree with me that Modi is the grandfather of Indian politics, and Rahul is the grandchild.
Shekhar ji at his best. Reforms in budget or not. We just want country to move forward, economy to create prosperity, honest critique of the government and an honest critique of that critique too. A too and fro honest debate.
Socialist Modi murdabad
Wow , wonderful observations must say