ExplainSpeaking: How to evaluate a Union Budget

From the Explained page of The Indian Express

2023 is expected to be a particularly challenging year from the perspective of economic growth because base effects will wear off and India’s true economic momentum is likely to be revealed. The outlook of muted global growth, if not an outright recession, further makes the year tough.   While factors such as what happens in the rest of the world economy, the US Fed’s decision, the geopolitical uncertainty, and the way stock markets react to allegations against the Adani Group of companies may be outside the government’s control, the Union Budget can play a big role in steadying the ship. But, how does one judge a Union Budget?

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