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What to expect from the Union Budget

For watchers of India’s economy, next week is one of the most significant of the year as Finance Minister Nirmala Sitharaman delivers the Union Budget for FY23/24 on Wednesday. This is the last full Budget before the general election in May 2024, but the Finance Ministry will want to balance any temptation to ramp up spending with a commitment to bringing the public debt burden onto a more sustainable trajectory.

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