As the Indian Government presents its next budget, Chase India’s special Year In Review report 2016 report summarizes major policy announcements by the Government in the year and their current status.
The report also discusses some of the key initiatives of the government and its impact. For example, demonetization – the most prominent Government decision made in the past year, which led to huge focus on cashless economy. The political aspect discussed in the report not only highlights the upcoming state elections, specially the politically crucial states of Uttar Pradesh and Punjab along with three other states, which are scheduled in February-March, but also covers some of the major political developments across Tamil Nadu and Gujarat.
The report also gives an overview of major global developments and their impact on India, from Brexit to newly elected President of the United States. We have also given a snapshot of sectoral developments covering key policy initiatives/ announcements and expectations from year 2017.
With the much debated and discussed Union Budget 2017-18 being around the corner, we hope this report gives you a quick overview of where India stands at the beginning of 2017. Many experts say that the third Budget by the Modi government will continue the fiscal consolidation path and deliver a popular, but not a populist, budget.