A glide path towards the widely accepted 3/3.5 per cent is expected to nudge them to award a higher rating to the country.
Thanks to a hefty dividend from RBI, she has an additional Rs 2.5 lakh crore to deploy.
Resource mobilisation efforts were modest. The common man may not have anything to complain.
There was no additional concession in taxes or give-aways including in the widely-expected PM-Kisan scheme.
After two years of recovery post-Covid with growth rates of 9.1% and 7.2%, the current financial year (23-24) too guarantees a growth of above 7% making India the fastest growing large economy in the world.
In a world beset by economic volatility, India has managed to stay the course of high growth and succeeded in moderating inflation.
The budget for ‘23-24 comes at the end of a landmark financial year, when India is set to record the highest growth among the large economies of the world, including China.
The State Bank of India is an interesting prospect for a study of how Indian banking has matured to provide the ballast for a large ambitious economy on the rise.
Public sector banks in general, long vilified to be a drain on the national exchequer, have now turned the corner.
The increase will lead to an across-the-board uptick in costs of borrowing for all classes of borrowers but this might also lead to a better return on deposits for those who keep money in banks.
Roshan in his book tells the stories of 21 different individuals with varied backgrounds drawing from his rich experience as a journalist and an ardent observer of the start-up ecosystem.
Anubhav deals with interdependence and individuality, identity, spirituality, issues of love and power in a free-flowing narrative which is highly absorbing.