View: Despite appearances, Budget 2021 effectively continues to follow a conservative fiscal path

SECTIONS
View: Despite appearances, Budget 2021 effectively continues to follow a conservative fiscal path
By Mahesh Vyas, ET CONTRIBUTORS
Share
Font Size
AbcSmall
AbcMedium
AbcLarge
Save
Print
Comment
Synopsis

Interestingly though, the finance minister’s speech did not betray any policy stance to indicate that GoI had finally decided to spend its way out of the pandemic. Understandably so, because there is a catch. The government is not going to increase spending by 28% as the numbers suggest. The growth is likely to be 17%, if we compare apples to apples, and if we are lucky.

PTI
GoI effectively continues to follow a conservative fiscal path. Interestingly, it is conservative even as it has turned somewhat honest in admitting part of its past profligacy.

Related

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

2 Comments on this Story

Amit Sharma16 minutes ago
Do not question the Budget.... the BJP IT Cell coolies will get angry; they will abuse you.. So it is all Good .. Good... Good...
Vinay Tiwari23 minutes ago
The budget is built to extract money out of market .. So govt see people are buying phone and laptop , it add taxes to it .. that is anti people. It add taxes to petrol and diesel, in effect making every transportable item expensive .. again that anti people. however spending on infra is right direction . India needs a govt which is bit smarter , that knows how to utilise the economies of scale , not by adding taxes .. but by inscribing the tax base .i.e is more job, more taxes , more business more taxes and lower tax rates.