{"id":90727,"date":"2024-07-09T02:43:09","date_gmt":"2024-07-09T02:43:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/09\/budget-set-to-focus-on-long-term-economic-policy-vision-report-times-of-india\/"},"modified":"2024-07-09T02:43:09","modified_gmt":"2024-07-09T02:43:09","slug":"budget-set-to-focus-on-long-term-economic-policy-vision-report-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/09\/budget-set-to-focus-on-long-term-economic-policy-vision-report-times-of-india\/","title":{"rendered":"Budget set to focus on long-term economic policy vision: Report &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-111587374,imgsize-1063787.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Budget set to focus on long-term economic policy vision: Report &#8211; Times of India\" title=\"Budget set to focus on long-term economic policy vision: Report &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: Govt will use the <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/budget\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Budget<\/a> as an opportunity to make a big picture statement about the long-term <!-- -->economic policy vision<!-- --> over the next several years, rather than minor stimulus announcements, Goldman Sachs economists said in a report on Monday.<br \/>&#8220;We think this Budget will go beyond just fiscal numbers, and likely make an overarching statement about <!-- -->long-term<!-- --> economic policy of govt towards 2047 (100 years of Indian independence),&#8221; the report said.<br \/>&#8220;We see an emphasis on job creation through labour-intensive manufacturing, credit for MSMEs, continued focus on services exports by expanding GCCs, and a thrust on domestic food supply chain and inventory management to control price volatility. The Budget is also likely to lay out a path for the future of <!-- -->public finance<!-- --> in India, entailing: a roadmap for public debt sustainability, and b) green finance: the role of public finance in balancing India&#8217;s energy security Vs transition needs,&#8221; according to the report titled &#8216;India&#8217;s Fiscal policy: Union Budget preview: Beyond the numbers&#8217;.<br \/>The economists said they expect the general govt to stick to the announced fiscal deficit target of 5.1% of GDP for FY25 (or even slightly lower) and announce further consolidation to a deficit of below 4.5% of GDP by FY26. &#8220;Even if we see some expenditure allocation towards welfare spending, it may not require a reduction in capex given the higher than expected dividend transfer from the RBI,&#8221; said the report.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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