In the last year, three critical moves have resulted in the Modi Government LOSING revenue. The income tax cut that kicked in this FY. The GST rationalisation in September 2025. And now, this war-driven excise duty cut. A testament to fiscal prudence. Look at the big picture.
Yes, the government did not bring down prices when oil was $70/barrel, but they have made up for it through intelligent fiscal management. That gives them room in today's uncertain times. 4 external shocks in the last 6 years (pandemic, RUS-UKR, supply chain crisis, West Asia).
GOI's committed infrastructure spend remains at more than Rs. 10 Lakh Crore for three consecutive FYs now. The welfare programmes have not been diluted, so all of it does count for something. Inflation is low (too low, I may sceptically add), but credit where due.
As long as we can create assets for long-term growth (infra+welfare), push people out of poverty, ensure fiscal health, and are agile enough to navigate through the external shocks we can't control or dictate, this is the best we have to make peace with; good or bad.
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