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The Interim Budget indicates that the economic thinking is in the right direction— India is slated to have capital-driven growth in the coming futur
The Finance Minister announced allocations for various sectors in the Budget. But these are a regular feature of every Budget. What was different in this Budget? Almost nothing except that there has been fiscal consolidation. Obviously, it is not going to satisfy the common man, farmers, industry or foreign investors.
India’s polity seems to accept big-bang economic reforms only under two co-existing circumstances: Political instability and an economic crisis.
Growth is too weak in Europe today to support the necessary fiscal consolidation of the Member States. And without growth, there will be no budgetary and fiscal consolidation, says Pierre Sellal underlining the need for a growth pact.
The tiny nation's economy has become yet another victim of the protracted ethnic conflict between Tamils and Sinhalese. This week, Standard and Poor credit rating agency has downgraded the rating of Sri Lanka from 'stable' to 'negative' reflecting concerns about the weak fiscal consolidation efforts and the unfavourable trends evident in the country's debt profile.
अंतरिम अर्थसंकल्प सूचित करतो की, आर्थिक विचार योग्य दिशे
