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General Election And Interim Union Budget 2024-25 – IMPRI Impact And Policy Research Institute

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General Election and Interim Union Budget 2024-25

Press Release

Nikita Saha

The IMPRI Impact and Policy Research Institute, in collaboration with the Centre for Study for Finance and Economics, recently organized a discussion on the impending General Election and Interim Union Budget 2024-25.

This event marked a significant component of their 4th Annual Series of Thematic Deliberations and Analysis, explicitly focusing on the Interim Budget. As part of their ongoing #WebPolicyTalk series, the event leveraged online platforms to encourage broader public engagement on these critical subjects.

The distinguished panel, featuring Professor Nilanjan Banik, Mr T.K. Arun, Mr Saugata Bhattacharya, Dr Pooja Mishra, Professor Anurag Banerjee, Professor N.R. Bhanumurthy, and Dr Rajesh Shukla, delved into the intricate nuances of the Interim Union Budget 2024-25. The discussion explored the essential components of the budget and their far-reaching implications, transcending beyond the headline figures to unravel the complex interplay of macroeconomic factors demanding deeper scrutiny.

The session aimed to provide valuable insights into various aspects, including budgetary allocations, economic implications, and the intersection of policy decisions with the upcoming general elections. Professor Nilanjan Banik, from Mahindra University, Hyderabad, and a visiting consultant at IMPRI, moderated the session adeptly. The discussion commenced with expressions of gratitude to the panellists and attendees, acknowledging technical constraints and offering timely apologies for any inconveniences.

Taking the discussion forward, Mr. T.K. Arun, a Senior Journalist and Columnist based in Delhi analyzed the surprising fiscal deficit figures and the government’s commitment to reducing it.

Dr Pooja Mishra, Professor of Economics, BIMTECH then shed light on the liquidity challenges of the government’s financial manoeuvres.

Professor Bhanumurthy, Vice chancellor of Dr B R Ambedkar School of Economics University, Bangalore highlighted the widening economic gap, underscoring the increased NREGS allocation in response to rural distress.

Dr. Rajesh Shukla, Managing Director CEO People research on India’s consumer economy priceIC360, Indian Institute Management Udaipur presented a sustainability perspective, emphasizing the delicate balance between growth and environmental conservation.

Engaging questions from the audience covered diverse topics, fostering a rich tapestry of insights.

As the session concluded, panellists shared their succinct opinions. Mr T.K. Arun cautioned against interpreting this interim budget as a full-fledged policy document, while Dr Pooja Mishra echoed the sentiment.

Saugata Bhattacharya, the former Chief Economist at Axis Bank, emphasized the critical juncture for the Indian economy and highlighted key macroeconomic trends. The discussion delved into productivity, income distribution, education, and the challenges faced by the workforce.

Professor Anurag Banerjee, Professor in Financial Econometrics at Durham University, offered valuable insights into the link between opportunity and poverty reduction. However, he raised concerns about India’s persistently low productivity, using a vivid example to illustrate the issue. He further explored the relationship between wages, capital investment, and the education system, highlighting the unique challenges faced by India in this regard.

This comprehensive exploration of the Interim Budget, its economic implications, and the underlying structural challenges provided valuable insights for navigating India’s complex socio-economic landscape. With this session, IMPRI and the Centre for Study of Finance and Economics continue to foster crucial discourse on critical economic issues.

IMPRI’s 4th Annual Series of Thematic Deliberations and Analysis of Interim Union Budget 2024-25

Watch the event at IMPRI #Web Policy Talk

General Election and Interim Union Budget 2024-25

Nikita Saha, a research intern at IMPRI, currently pursing M.A/M.Sc. Regulatory Policy and Governance from Tata Institute of Social Sciences.

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IMPRI, a startup research think tank, is a platform for pro-active, independent, non-partisan and policy-based research. It contributes to debates and deliberations for action-based solutions to a host of strategic issues. IMPRI is committed to democracy, mobilization and community building.

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