Union Budgets 2014 to 2024 – Article 9: The Agriculture Budget
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Union Budgets 2014 to 2024 – Article 9: The Agriculture Budget

In a recent speech, PM Modi stated that agriculture is at the centre of India’s economic policy. He also highlighted the initiatives being taken by his government in promoting natural and climate-resilient farming. We examine these claims in the context of the eleven budgets presented by the Modi government since 2014.

Union Budgets 2014 to 2024 – Article 7: Reduction in Social Sector Expenditures
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Union Budgets 2014 to 2024 – Article 7: Reduction in Social Sector Expenditures

The FM has made a huge increase in the Centre’s capital expenditure (capex) for four successive years. To compensate for the increase in capex, the FM needs to reduce the budget spending on some other heads. The axe has fallen on welfare spending on the poor.

Union Budgets 2014 to 2024 – Article 6: The Real Reason Behind Increase in Capital Expenditure
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Union Budgets 2014 to 2024 – Article 6: The Real Reason Behind Increase in Capital Expenditure

Within the limited budget outlay, Finance Minister Nirmala Sitharaman has announced a hike in capital expenditure (or capex) — of 17.1 percent. This is the fourth year in succession that she has hiked capex. An increase in capex, without increasing budget outlay, is not going to lead to economic growth and employment generation. We discuss this in this article.