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Clear Cut Magazine

It’s your money… It’s your India… One word only: Welfare or Development?

Budget Trends: Welfare vs Capital Expenditure Recent Union budgets have explicitly favored capital investment. The table below summarizes Union spending; the capital (capex) share of total expenditure has climbed from ~17% in FY2022-23 to ~23% in FY2026-27. Revenue expenditure (salaries, subsidies, subsidies etc.) has grown more slowly. States, facing rising debt-to-GSDP ratios (>40% in some)…

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The Great Indian Balancing Act

India’s economy has been booming: real GDP growth recently rose by 7.8% in Q1 FY 2025-26, and official figures show India’s output surpassing Japan to become the world’s fourth-largest economy (PIB, 2025). And is on track to become the world’s third-largest economy India is project-ed to be the world’s fastest-growing major economy (6.3% to 6.8%…

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