Targets like a GDP of $5 trillion, increasing manufacturing to 25% of GDP, doubling farmers’ incomes and exports will not make Modi govt’s life easier.
Modi govt used revised estimates for FY19 in budget for FY20 rather than provisional actual numbers. That’s standard practice in election year budgets.
Pushing the Indian economy to a size of $5 trillion by 2024-25 depends on real growth rate, inflation rate and the movement of rupee vis-à-vis US dollar.
Sitharaman’s best option to find funds is to recycle public assets, something Australian states have successfully achieved with power grids and other assets.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
The economy in low earth orbit, politics in geosynchronous orbit.