The
Budget 2018 is not expected to be a popularist budget. A fine balancing act is required by the FM to address various issues plaguing the economy along with observing fiscal prudence. Bold and innovative initiatives are required on both micro and macroeconomic levels by the FM. For the required positive impact, in the upcoming Budget 2018 the government needs to address issues at both microeconomics and macroeconomic as both are interlinked too. Microeconomics is concerned with economic issues that are dealt at an individual, group or business level. Whereas macroeconomic deals with economic policy formulation, economic indicators and other such overall aspects of the economy. Although factors such as rising oil prices, demand for Indian exports abroad, international economic indicators are beyond the FM’s control but these aspects will also have to be factored while dealing with challenges closer at home. Some of the most important macroeconomic and microeconomics challenges before the FM in Budget 2018 are mentioned below.
No comments:
Post a Comment