Author
Arya Roy Bardhan is a Research Assistant at the Observer Research Foundation, specializing in macroeconomics, development, and labor market dynamics. He is dedicated to influencing policy discourse through his research and writing on economic policies and their implications.
Arya has an outstanding academic background, earning a Gold Medal in M.Sc. Economics from St. Xavier’s College, Kolkata. His professional work involves leading multidisciplinary research projects, including collaborations with the Government of India and other national agencies. He aims to drive impactful economic research, bridging theoretical rigor with practical applications to address pressing developmental and sustainability challenges.
The Union Budget delivered on multiple fronts, shutting down all rhetoric of an uneventful, business-as-usual budget. The most remarkable reform was proposed in the Finance Bill, with significant revisions to the income tax rates. The government has provided massive tax relief across income classes, especially to encourage India’s aspiring neo-middle class. While this might be identified as populist policymaking, it will have positive impacts on development. First, higher consumption will
