Faced with twin challenges of slowing growth rate and high inflation, Finance Minister Nirmala Sitharaman on October 12 said her budget for the next financial year will be ‘very carefully structured’ to help the economy sustain growth momentum and rein in prices.
She identified high energy prices among the biggest problems facing the Indian economy in the near future.
“Specifics [of the next budget] may be difficult at this stage because it’s a bit too early. But broadly, the growth priorities will be kept absolutely on the top. Even as I speak about the concerns that inflation brings before me. So, inflation concerns will have to be addressed. But then how would you manage growth would be the natural question,” Ms. Sitharaman said.
