In the article, “Is fiscal deficit of 3.2% of GDP written in stone?” (October 12), Anand P Gupta discusses an important subject of how much the Budget deficit should be.
I agree with him that the limit to the Budget deficit should be based on the productivity of sectors. If the productivity is high or the potential to raise productivity is high, more financial resources should be allocated to them so that the present limit to growth can be raised. What is the productivity of various sectors in India? One example will suffice to say that there are serious
I agree with him that the limit to the Budget deficit should be based on the productivity of sectors. If the productivity is high or the potential to raise productivity is high, more financial resources should be allocated to them so that the present limit to growth can be raised. What is the productivity of various sectors in India? One example will suffice to say that there are serious
