An opportunity to transform economy

The clouds hanging over the global economy due to the US-China trade war and the slowing domestic economy make it imperative for the government to consider a sizeable stimulus in its first Budget

India has resoundingly re-elected the Narendra Modi-led National Democratic Alliance (NDA) for the next five years. Given its majority in Parliament, this will be a stable government with a clear mandate, and this provides the new government a historic opportunity to transform India’s economic landscape.

Clearly, the government has to continue with all the good work it has been doing over the past five years — reforming the banking sector, sharpening the roll-out of GST and investing in building core infrastructure. In addition, the economy has run into a bit of a soft patch which needs to be addressed immediately. The