Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more

Here's a selection of Business Standard opinion pieces for the day

On the back of lower interest rates, advanced economies are adopting a more liberal fiscal approach. India is not in a position to embrace the same path. Inflation, for instance, is still a worry and higher debt can create instability in a developing country fairly quickly. In the context of fiscal management, our lead editorial notes that instead of making higher public debt a permanent constraint for the Indian economy, the government should address its inability to mobilise revenues. India’s tax-GDP ratio has remained largely static for decades.
 

This Budget does little to assure strong growth beyond FY22. As I