The National Democratic Alliance government has been careful so far about fiscal responsibility. In spite of some slippage in the last Union Budget, it has reaffirmed throughout its tenure its commitment to the path of fiscal consolidation.
This is an important achievement of the government and it should not allow populist or electoral pressures in its final months to tarnish that record. Given the continuing necessity to ensure that private investment recovers in India in order to ensure a broad and sustainable foundation for high growth, fiscal responsibility is a must so that the public ...
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