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Budget meets slowdown: Govt's challenge on Feb 1 is to revive demand

What the Budget does to revive demand will determine if the economy can shrug off slowdown and regain momentum.

A K Bhattacharya  |  New Delhi 

The year that will end in a couple of weeks from now has offered little cheer for the Indian economy. Yes, there was some celebration over the sharp cut in the rate of corporation taxes, the announcement of an ambitious privatisation plan, a fresh momentum to resolution of insolvency and bankruptcy cases, and the rollout of a streamlined and simplified set of new labour laws. But the Indian economy’s macroeconomic numbers showed no signs of any improvement during the entire calendar year.

Economic growth has fallen every quarter during 2019. Exports have contracted. Retail ...

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First Published: Mon, December 16 2019. 08:57 IST
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