Budget 2019 of NDA

Finance Minister Nirmala Sitharaman's seventh Budget aims to stabilize the BJP-led NDA government, focusing on developmental aid for key allies Andhra Pradesh and Bihar, with a combined allocation exceeding ₹60,000 crore. The budget includes measures like internships for 1 crore youth and credit guarantees for small enterprises but has been criticized for lacking bold reforms necessary to boost private sector investment. Markets responded negatively to tax hikes despite a commitment to maintaining fiscal discipline, with a projected fiscal deficit of 4.9% of GDP. Sitharaman emphasized an inclusive approach to development, highlighting efforts in employment, agriculture, and infrastructure, particularly aiming to uplift marginalized regions. The budget also reflects political motivations, as it seeks to secure support from coalition partners TDP and JD(U) ahead of upcoming elections. Overall, while the budget addresses various sectors, its impact on long-term economic growth remains uncertain.