The Finance minister on Saturday tables the budget for FY 15-16.
While the world economies eye upon the budget expecting enormous big bang reforms, the budget only makes an incremental approach towards bringing the economy back on growth track. The FM delivers the budget admists the challenges the country faces, largely being fiscal account deficit, growing investor dissatisfaction (among various other challenges).
Thus, the FM doesnot enjoy much room to leverage the growth of the economy while managing the fiscal account deficit, inflation (among other challenges).
However, the efforts made through the budget indicate a variety of measures, some furthering the economy on the growth path, and few others – ‘the major ones’, contradicting economic growth it self.
While the single window facilitation would ease the conduct of business in India, the coupling of growth with such measures goes for a toss due to miscalculated economics.
This budget idealises…
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