Generally, India’s annual budget is a rather dry exercise in incremental updates and revisions to the nation’s spending and taxation plans. However, this year – after the general election from mid of April to beginning of June left the Bharatiya Janata Party (BJP) of Prime Minister Narendra Modi only in power through a coalation with other parties – many things might be different in the announced state budget. This is according to portfolio manager Swagato Ghosh of Asia and Emerging Markets specialist fund company Matthews Asia.
You can read his complete commentary in English here („Modi’s Budget Strategy: Navigating Growth Amid Coalition Demands“).
