In this pre-budget analysis, Mitali Mukherjee explores why the mood around the budget is dark and it’s clear that 2020 is going to be a tough year on many expected lines – fiscal slippage, unemployment, and poor manufacturing among many. But there are also new challenges: a surge in inflation, an unknown geopolitical situation and extremely poor tax collections.

Watch an analysis of the big problems that Finance Minister Nirmala Sitharaman should likely address on February 1.

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