Analysing Union Budget 2022-23: Fiscal Policy and Global Uncertainties

Lekha S Chakraborty

MPRA Paper from University Library of Munich, Germany

Abstract: Against the backdrop of mounting geopolitical risks and inflationary pressures, if RBI will hike the policy rates, the growth recovery process may slow down. At the same time, keeping the policy rates status quo for prolonged period could catalyse the de-anchoring of inflationary expectations. The union budget 2022-23 has accommodated high fiscal deficits and has emphasised on “crowding-in” effects of public infrastructure investment. The intensity of global macroeconomic uncertainties on economic recovery in India can be lessened through sustainable fiscal and monetary policy co-ordination.

Keywords: Budget; Inflation; Fiscal Policy; Monetary Policy; Green Bonds; Global Uncertainties (search for similar items in EconPapers)
JEL-codes: E6 H3 H6 (search for similar items in EconPapers)
Date: 2022-02
New Economics Papers: this item is included in nep-mac
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