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Budget should focus on fiscal consolidation: Expert

Gita Gopinath wished that the Budget should not bring surprises on taxes

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Indivjal Dhasmana New Delhi
While the government is busy advancing the Budget dates, economists and businessmen have some advise for North Block on priorities for the Budget. 

At the India Economic Update session in the India Economic Summit, Gita Gopinath, professor of economics in Harvard University, said that the Budget should focus on fiscal discipline. 

The Centre's commitment to fully compensate states for loss due to the switch over to the goods and services tax, targeted to be rolled out from April 1, 2017, is a risk that it has taken and it should ensure that fiscal consolidation is not disturbed because of this,