10 years of the Modi govt and the Indian economy

By Roshan Kishore and Abhishek Jha

The current government will present its last budget, technically a vote-on-account, on February 1. Because this is an election year, this budget’s announcements will not be binding for the fiscal year 2024-25 and the final budget will be presented in July by the new government elected in the 2024 general elections. To be sure, the interim budget is likely to make announcements with the elections in mind and one will have to see how they affect the budgetary math. Having said this, the run-up to the 2024-25 interim budget is a good opportunity to evaluate the economic performance of the Narendra Modi government which has been in office for 10 years. This two-part data journalism series will seek to do exactly that. The first part will look at this government’s performance on the crucial fronts of growth, employment and inflation and the second part will look at the questions of taxes and subsidies, health of the financial sector and confidence levels in the Indian economy.

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