First budget of Modi govt 3.0: Political exigencies and beyond

India’s 2024-25 budget reflects political changes after recent elections. With BJP lacking a majority, it caters to key allies TDP and JDU through development schemes for Andhra Pradesh and Bihar. The budget also addresses unemployment concerns with a $24 billion job creation plan. It balances job creation, rural development, and infrastructure spending while maintaining fiscal prudence. The move signals openness to regional parties outside the BJP alliance. The daily star