India’s Fiscal Fork in the Road

Mail Today – New Delhi
Tuesday, February 7, 2012

The forthcoming Budget has a lot hanging on it. Given his accumulated wisdom gathered over decades of political leadership, the Finance Minister surely realises that the Budget offers an opportunity to turn around the rather downbeat mood in the country about its economic prospects. The first imperative for the Budget, therefore, must be to ensure that it is not another routine statement of government accounts and rises above it to be seen as a policy statement of a government that is seized of the issues facing the economy and is committed to address them.

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