This editorial is based on “Of prudence and plumbing: The Budget is fiscally and financially prudent and correctly focuses on fixing the economy’s plumbing,” published in The Financial Express on 24/07/2024. The article discusses the fiscal and financial strategies of the current budget.
The Economic Survey 2023-24 projects a real GDP growth of 6.5–7%, with market expectations on the higher side. Despite external challenges, India maintained macroeconomic stability, growing by 8.2% in FY24.
The Silk Road was one of the earliest and most significant trade routes, linking China with Europe and facilitating the exchange of goods, ideas, and cultures. Established around 130 BCE, it spanned over 4,000 miles, passing through Central Asia, the Middle East, and into the Mediterranean.