Budget strikes right balance between growth push and fiscal discipline: CEA

So, at least for me, the way I would look at it is that before the Budget, we were actually looking at 3.3 per cent for this year and 3 per cent for next year

Arup Roychoudhury & Dilasha Seth Last Updated at February 5, 2020 02:22 IST

Chief Economic Advisor Krishnamurthy Subramanian said the recent custom duty increases in the Budget were not protectionist, as they were aimed at finished goods and not raw material. Speaking to Arup Roychoudhury and Dilasha Seth, Subramanian said that financial year 2020-21 (FY21) targets were transparent and realistic.

Edited excerpts: Though you have expanded your FY20 and FY21 fiscal deficit targets, compared to earlier estimates, it was still a fiscal contraction year-on-year (YoY). Should there have been a bigger stimulus? This is the beauty of comparisons. When you use ...

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First Published: Tue, February 04 2020. 23:29 IST

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Budget strikes right balance between growth push and fiscal discipline: CEA

So, at least for me, the way I would look at it is that before the Budget, we were actually looking at 3.3 per cent for this year and 3 per cent for next year

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

Already a premium subscriber? LOGIN NOW

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