What India Needs In Union Budget 2025 With Prof Prasanna Tantri | What This Means | Episode 113

#budget2025 #gst #fdi #indianeconomy #unionbudget

Listen to previous episodes of What This Means podcast on: Spotify (open.spotify.com/show/1CzvC1mqq2BApXyoINGIEw?si=cd…, Apple podcasts, Amazon music, Pocket casts.

Professor Prasanna Tantri says the big change that he wants to see in all the sectors is the bottom-up approach of identifying the problems and then finding effective ways of fixing them and then allocating funds accordingly. This contrasts with the traditional top-down approach, where funds are allocated first, and projects are sought afterward.

On his expectation for the budget, he says: "My expectations for the Budget 2025 are to keep total expenditure below ₹50 lakh crore and to implement tax cuts, especially on the capital gains.

The real question in front of us right now, he argues, is whether we are looking for the next two or three quarters of GDP growth or if we are looking at Viksit Bharat 2047.

We also discuss:
Does the GST system need simplification?
What needs to be done to achieve 9-10% GDP growth?
Key expectations from Union Budget 2025
Key issues hindering India's growth story
The politics of freebies: concerns for states and the Centre

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