Q.3 What are the uncertainties the Budget for FY 2022-23 should take into account? Suggest the way forward to deal with uncertainties. (10 Marks)

Mentor’s Comments-
  • https://www.thehindu.com/opinion/op-ed/dealing-with-the-macroeconomic-uncertainties/article38320728.ece
  • In the intro, mention the high uncertainty and partial recovery of Indian economy.
  • In the body, mention inflation pressure, incomplete recovery, low interest rate, normalisation of monetary policy in the US etc that need to be taken into account in Budget. In suggestions mention not government expenditure, not focusing too much on fiscal consolidation etc.
  • Conclude by mentioning the need for taking into account these challenges in the Budget.
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