Development, transformation and reinvigoration have been the cornerstones of the government’s agenda since May 2014. The defining features of the first couple of budgets were a focus on farmers’ welfare, creation of economic opportunities for underprivileged classes and structural reform of the budget itself. This was done with the objective of making the system more efficient and reinvigorating it, all while being fiscally prudent and cautious. The 2018-19 Union Budget will be the last full budget before the 2019 general elections and therefore a good one to take stock of achievements thus far and determine course corrections required to ensure policy continuity. It is in context of this economic situation that Pahle India Foundation held its first annual Pre-Budget Seminar on 19th December 2017. The event covered macroeconomic considerations and the government’s ‘Development Agenda’, budget expectations for banking, financial services, infrastructure and investment in 2018-19.
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