Finance Minister Arun Jaitley will present his fifth Union Budget in about 10 weeks from now. The fifth Budget of any finance minister is usually important from an electoral point of view, keenly watched for what it doles out for voters. However, the importance of Mr Jaitley’s fifth Budget will stem from two other specific factors. These are economic growth and fiscal consolidation. It will be instructive to examine these factors before dwelling on the Budget’s electoral implications.
Economic growth measured by changes in gross value added in basic prices has been a worry point for the finance minister. The
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