Why Budget 2025 considered important for Modi government?
Of all the budgets presented since 2014, this time's budget is the most important for the Modi government. Finance minister Nirmala Sitharaman is presenting the budget for the 8th consecutive time. But the special thing this time is that the Modi government does not have an absolute majority. It has the support of 10 parties including JDU and TDP. bjp has 239 seats of its own. Surrounded by questions from the opposition on the front of recession in global markets, middle class troubled by tax burden and unemployment, the Modi government will also face a big challenge to woo the allies.
Budget 2025 is important for many reasons. First of all, this is the second full budget presented by the Modi government after the 2024 lok sabha elections. bjp does not have a majority in Parliament. The lack of a majority creates challenges for the government in implementing the economic agenda. Moreover, this budget is coming amid economic uncertainties, volatile global markets and political tensions, including criticism from the opposition. All these factors make this budget important for the government to face these challenges and set the direction for economic development.
How can the government's approach to the budget be affected in the absence of a majority?
The lack of a majority for the BJP in the 2024 elections means that the government is now more vulnerable to pressure from the opposition. It will now have to consider the opinions and concerns of other parties in implementing its agenda. The government will have to be more flexible to negotiate various proposals. This budget can also become a means of keeping the coalition together.
click and follow Indiaherald WhatsApp channel