From tax schemes to pension demands: Modi's new finance minister has their work cut out as challenges mount
PM Narendra Modi and his new council of ministers, speculation is rife about who will be the next finance minister. Will Nirmala Sitharaman retain her position in the finance ministry for a consecutive second term, or will she move to a different ministry this time?
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No matter who gets the ministry, the task at hand remains the same: To bolster the economy and manoeuvre through challenges amid global uncertainty.
Amid a challenging geopolitical landscape, India's key priorities may include sustaining economic growth, ensuring price stability, and generating jobs by boosting private sector investment, reported TOI. Additionally, managing India's energy transition, a critical issue for Asia's third-largest economy amid escalating climate challenges, looms large.
The TOI report also stated that economic growth and private investment are expected to be central themes in the upcoming Budget and the initial 100-day agenda of PM Modi’s third term.
Despite India’s projected growth rate of over 7%, inflation remains a concern. RBI Governor Shaktikanta Das has warned that reducing inflation to 4% will be difficult. Stabilising the agricultural sector against climate-induced disruptions is essential for maintaining a steady supply chain.
From tax to pension: key demands
Unlike previous terms where the
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