Budget 2023-24: General elections are 15 months away… Will the hopes of the people waiting for the revadis in the budget be dashed? – budget 2023-24 lok sabha elections after 15 months nirmala sitharaman will not present populist budget
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Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, is also among those who believe that the government will continue to move towards reforms. She will promote only those areas which are needed. He believes that this is undoubtedly the last full budget of the second term of the Modi government. But, there are many aspects which the government will look into. Due to being the last full budget, many speculations are being made in the media as well. However, it is true that the memory of the public is short. Whatever the government will give now, no one will remember it after 15 months or 18 months.
What can be the focus of the government
According to Sunil Subramaniam, in view of this, the government will do only that which will have a long-lasting effect. Means who should be remembered even in the elections. People mainly remember inflation in elections. In such a situation, the government would definitely like to keep it under control. This will be his first priority.
The second most important thing is to create employment opportunities in the next 15 months. The government will have to exert full force on this front. In such a situation, the focus will remain on the infrastructure related to real estate and housing. These are the biggest employment generators. They feel that the government will also support MSMEs. In these too, people get employment on a large scale.
In the history of independent India, those 3 finance ministers who could not present the general budget, the reason was interesting
Where will the government invest money?
In a conversation with our colleague ‘Economic Times’, Sunil Subramaniam further said that the government will try to channelize its expenditure in a special way. She will do things in such a way that the voting population i.e. the ‘voting public’ has a long-lasting effect. Subramaniam said that he used the term voting population because it does not include the middle class. Middle class talks a lot. His demands are also high. But, after Kovid, the income of the middle class has actually increased. In fact, the marginal class has been affected the most by Kovid. In such a situation, the government will try to extend a helping hand to the most needy sections.
In this way, whatever scheme comes up, efforts will be made to help the most needy. According to Subramaniam, these will be the things in focus. The government is not going to do anything that people cannot remember. In such a situation, there is little hope of a populist budget.
In fact, being the last budget of the second term of the Modi government, most people expect that the government will give gifts to the people with both hands. The next Lok Sabha elections are to be held next year. Before this, there are assembly elections in many states this year. These include Rajasthan, Chhattisgarh, Karnataka, Telangana, Tripura, Meghalaya, Nagaland and Mizoram. This is the reason why people are expecting a lot from the budget this year.
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