Budget proposes astute reforms, simultaneous action for supply and demand

Kudos to the Finance Minister for opening up all the taps to invest in infrastructure, writes Shailesh Haribhakti.

The economic survey gave us key numbers for GDP growth: 6, 4, -7.7 and 11 for 21-22! Highest growth in the world for India seemed on the cards.

The V-shaped recovery is fed by an initial severe lockdown, in kind relief, financial and legal forbearance and some cash in the hands of the poorest. This was followed by a calibrated opening up. These actions extended the fiscal, caused a current account surplus, led to FDI and FPI flows and an unprecedented Foreign currency reserve of US$ 586billion. Clearly, astute reforms and simultaneous supply and demand side actions are in place. Investment