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Jaimini Bhagwati: Jump-start investment

Budget should raise revenues & reduce spending to increase capital expenditure, without compromising fiscal deficit target excessively

Jaimini Bhagwati 

Jaimini Bhagwati It is that time of the year. Newspapers and television channels are in a competitive frenzy making pronouncements on the Union government's Budget, to be presented to Parliament on February 29. The frantic voices cannot be muted and one remedy is to join the circus. This article preaches the basics which tend to get obscured, as Macbeth puts it, in all that "sound and fury". Although India's GDP grew by 7.3 per cent in the last quarter of the calendar year 2015, the index of industrial production (IIP) fell by 1.3 per cent in December 2015. Again, while the trade deficit ...

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