Business Standard

Budget: Continuity & coherence

With some tweaking and good implementation, we can find a safe passage despite global turbulence

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Illustration: Binay Sinha

Ashima Goyal
Initial perceptions often become entrenched. But it is important to look at new data. We were told the Indian economy was the worst performer under Covid-19 shocks; that the growth recovery is only because of the dip. But the IMF’s recent growth figures for 2020 and 2021 show India to be out-performing (India -6.6 and 9; Mexico -8.2 and 5.3; Spain -10.8 and 4.9; and France -8 and 6.7). Most major countries had a worse dip and a lower recovery despite more government spend.

The macroeconomic strategy that helped us achieve this is hazily visible in the Budget. Drawing out the
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First Published: Feb 28 2022 | 11:36 PM IST

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