 "Finance Minister Nirmala Sitharaman may have to guide all constituents to move from their rigid positions and look ahead")
During election years such as this one, India’s outgoing finance minister offers up only an “interim budget,” under the assumption that the incoming government will have different policy priorities. Given that Prime Minister Narendra Modi’s government was reelected so easily, one might think the budget it’s scheduled to present on July 5 won’t look much different. It should.
Modi’s new finance minister, Nirmala Sitharaman, faces different conditions than her predecessor. In the months since the interim budget, India’s economy has taken a turn for the worse. In May, we learned that the economy had grown at only 5.8% in the
