The Union Budget in India remains the bellwether of where the government is headed with its economic policies. The 2019-20 Union Budget is particularly important since it suggests how the new government is looking at the next five years. But much of the immediate commentary and eager dialogue on TV and the newspapers takes a narrow, short-term view.
As a counter, the executive directors of five of India’s leading economic policy research institutes came together in March 2007 for the first time to present their assessment of the longer term reform and development implications of the Budget. As we have done for the past 12 years, these five institutions will again come together in 2019 to present their more reflective assessment of the Union Budget 2019-20.
On behalf of our five institutions—CPR, ICRIER, IDF, NCAER, and NIPFP—ICRIER has the great pleasure of inviting you to the 5-Institute Budget Seminar 2019-20 on Monday July 22nd 2019.
Ms. Puja Mehra, Independent Economist, will moderate the discussion and the Q&A with the audience.
Registration and tea and coffee will be available from 9:30 am onwards, we will start at 10:30 am sharp, and will end at 1:00 pm, followed by lunch.
As might be expected from a government starting its term and a new Finance Minister, the 2019-20 Budget presented on July 5 has generated much interest. The slowing of the economy and the need to kick-start the investment cycle sits uneasy with the promise of fiscal consolidation and poor monetary transmission. Other trade-offs reflected in the Union Budget include domestic compulsions such as ‘Make in India’ versus international engagement, bank recapitalisation vs the need for public investment, structural reforms vs handling short term exigencies and the political imperatives of the three upcoming state elections. In the budget she has presented, the Finance Minister has tried to balance these and other needs, but her task remains an envious one.
Against this backdrop, the heads of the five institutes will share a reflective view of the Union Budget and its longer-term implications for the Indian economy under the leadership of the Modi-led NDA Government, now decisively in its second term.
We look forward to seeing you at 9:30 am on Monday 22nd July for what should be an exciting and thought-provoking discussion.
Please confirm your participation at firstname.lastname@example.org or call on +91 (11) +91 11 43112400 or ++91 9810492985 for any queries.