Synopsis
In many spheres across the government, India has been breaking away from past colonial and imperialist traditions. While this has been clearly visible in the cultural and heritage sphere, the budget making process has also gone through a similar process of decolonisation in the last 7 years.
Across the various ancient texts of India from Kautilya’s Arthashastra, the Mahabharata and Thiruvalluvar’s Tirukkural, the need of an inclusive welfare policy, a sound taxation policy and a minimalistic regulatory policy find mention. The Budget this year distils the wisdom from our gurus to effectively build synergies between the domains of welfare, taxation and regulation.
Iterative Approach to Policymaking
The Economic Survey of 2021-2022,
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