Arundhati Ghosh's take on the best and worst things in Budget 2020

It really pleases no one. This Budget behaves as if the country is not facing an economic crisis. Instead, its as if its business as usual in the country

Arundhati Ghosh, Executive director, India Foundation for the Arts
Arundhati Ghosh, Executive director, India Foundation for the Arts
Business Standard
2 min read Last Updated : Feb 01 2020 | 10:24 PM IST
Has Finance Minister Nirmala Sitharaman steered the economy out of the woods?

Not at all. What I see marked as highlights of the Budget are all really disappointing.

Is this a populist, please-all Budget?

It really pleases no one. This Budget behaves as if the country is not facing an economic crisis. Instead, its as if its business as usual in the country.

Will it help the economy, create jobs, restart stalled projects?

I think the business sector was waiting for a splendid Budget that would stall our economic decline and turn the economy around. 

Also Read

But this Budget says it expects a 10 per cent growth when currently the growth is only at 4 per cent. 

There is absolutely nothing in the Budget that even remotely suggests how that gap will be breached.  

What was the best thing about the Budget? And the worst?

There’s nothing remarkable about it. What we are seeing today is a “nobody’s Budget.” I can’t think of any particular sector that will benefit from this in any way. Even the pseudo decrease of personal income tax is a farce, because now you have to pay for dividend income once it reaches you. This is such banality, I think. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Budget 2020

Next Story