Elara Capital's Kapoor on India Budget Plan

The video discusses the fiscal challenges faced by the Modi government, including rising energy costs and the need for fiscal prudence. It highlights government measures to save on subsidies and boost capital expenditure, particularly in infrastructure. Strategies for job creation in rural and urban areas are outlined, along with potential tax adjustments to boost consumer sentiment. The video also covers GDP growth projections and the economic outlook, emphasizing infrastructure spending and the current credit rating status.

What fiscal measure did the Modi government take to reduce the subsidy burden?

• Subsumed a free food program into the National Food Security Act

• Reduced defense spending

• Introduced new taxes

• Increased energy tariffs

Which program is a flagship initiative for rural job creation under the Modi government?

• Urban Development Scheme

• Rural Employment Program

• National Manufacturing Initiative

• Digital India Campaign

What is the government's strategy for urban job creation?

• Increasing agricultural subsidies

• Focusing on production-linked incentive schemes

• Reducing import duties

• Expanding the IT sector

What is the anticipated real GDP growth for the next fiscal year?

• 10.5%

• 7%

• 5.5%

• 6.9%

What is the expected nominal GDP growth for the next fiscal year?

• 11%

• 10.5%

• 9%

• 8%

What percentage of the total allocation is expected to be spent on roads, railways, and defense?

• 40-45%

• 30-35%

• 47-48%

• 50-55%

Why is India's credit rating unlikely to change soon?

• High inflation rates

• Political instability

• Lack of foreign investment

• Ongoing fiscal consolidation and high debt levels