The Report presents an analysis of the Union Interim Budget for FY25. It notes that the Budget carefully balanced the goals of sustainable and inclusive development, with fiscal rectitude. The government maintained a high quality of expenditure by again revving up capex, while offering glimpses of its plan for Developed India 2047. Borrowings for FY25 are set to reduce vis-à-vis FY24, and this is a positive for India’s bond markets
