Betting on Bharat
The Board of India Today Economists analyses the Budget across parameters. They agree that given the context it is a commendable effort but are concerned about the lack of clarity on many issues.
ISSUE DATE: Jul 20, 2009 | UPDATED: Feb 5, 2010 23:09 IST
The 2009 Budget is a politically powered effort to counter the effects of the global slowdown. Higher allocations across schemes for rural India are expected to trigger demand at the bottom of the pyramid and drag the economy out of the trough. The idea, though, is a big gamble. Already fiscal deficit is 6.8 per cent and borrowings at a record high.
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