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The increase in defence spending for 2023-24 is not enough to even offset inflation, let alone any further decline in the rupee-dollar exchange rate.
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Consumption took centre stage, while some sectors got more attention than others. But Nirmala Sitharaman’s budget failed to enthuse the markets.
A newly announced Rs 10,000 crore fund of funds is aimed at boosting startup growth.
Budget 2025-26 backs off from supporting the economy when it is badly needed, choosing instead to play to the gallery. What next for consumption?