Give and Take: What to Expect in India's Budget

The video discusses the impact of demonetization on India's economy, focusing on fiscal strategies, revenue gains, and tax reforms. It highlights the need for continued economic measures, such as promoting digital payments and simplifying the tax structure, to combat black money. The discussion also covers India's credit rating and the importance of economic reforms like GST in moving towards a formal economy. The video emphasizes the need for fiscal consolidation and reducing deficits to improve India's economic standing.

What is the government's expected focus in response to demonetization?

• Focusing on vulnerable segments like rural and agricultural sectors

• Increasing urban development

• Expanding international trade

• Reducing military expenditure

What fiscal gains are anticipated from the demonetization exercise?

• Decrease in inflation rates

• Reduction in public sector jobs

• Increased foreign investments

• Higher tax compliance and gains from unaccounted deposits

What is one of the expected changes in corporate tax policy?

• Complete removal of corporate taxes

• Reduction of corporate tax rate by 2%

• Introduction of new exemptions

• Increase in corporate tax rate by 5%

What is a key measure suggested to combat black money post-demonetization?

• Increasing cash transactions

• Promoting digital payments

• Reducing import duties

• Increasing interest rates

What is the relationship between demonetization and India's credit rating?

• Demonetization directly improves credit rating

• Demonetization has no direct link to credit rating

• Demonetization worsens credit rating

• Demonetization is the sole factor in credit rating

What economic reform is expected to help increase India's tax base?

• Increase in export duties

• Reduction in income tax rates

• Introduction of new currency notes

• Implementation of GST

What is a significant challenge for India's economy despite moving in the right direction?

• Overpopulation

• Lack of natural resources

• High general government deficit and debt to GDP ratio

• Low literacy rates