UPSC Previous Year Question | Mains GS3 | 2017
One of intended objectives of the Union Budget 2017-18 is to transform, energise and clean India’. Analyse the measure proposed in the Budget 2017-18 to achieve the objective. (15 Marks)
Answer
Introduction
The 2017-18 Budget sought to combine structural transformation, investment and cleaner governance through infrastructure, inclusion, digitisation and fiscal reforms.
Analysis
Transform
- Higher capital expenditure on roads, railways, housing, rural infrastructure and affordable housing finance.
- Support for agriculture, irrigation, rural employment, skill development and entrepreneurship.
Energise
- Tax measures, recapitalisation of public-sector banks and the proposed National Testing Agency aimed to revive investment, credit and human capital.
- Digital payments, electronic filing and transparent political funding strengthened formalisation.
Clean
- Action against black money through cash-transaction limits, Aadhaar-linked systems and tighter disclosure.
- Swachh Bharat, sanitation, waste management and behavioural change addressed public health.
Implementation capacity, fiscal quality, privacy safeguards and measurable outcomes determine whether budget announcements become transformation.
Keywords
Keywords: public finance; Union Budget 2017-18; fiscal policy.
Topics: economy, fiscal policy, public finance, union budget 2017-18