You are here: HomeArticlesIndian Economy Displaying items by tag: arun budget

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

Doing Business 2015: Going Beyond Efficiency is a World Bank flagship publication. It measures on a global basis the regulations that enhance business activity and those that constrain it. This report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies-from Afghanistan to Zimbabwe.

Planning, determining input costs and monitoring the functioning of the industry in these days of liberalisation and globalisation? With such cluttered thinking, archaic vision and muddled thinking can it deliver? No wonder India’s total export is approximately USD300 billion when China exports approximately USD300 bn of textiles alone!

Approximately two-thirds of India’s GDP originates from what is loosely called informal sector.  Importantly, 90 per cent of our non-farm work force are employed here. This is one of the highest in the world. Yet, this informal sector rarely gets policy traction.

Will Budget 2015 slay the monster of inflation? Will it significantly lower fiscal deficit? Crucially, will it make India an efficient economy and hence an attractive investment destination?

Budget 2015 – Micromanaging the Economy

Does the Government have managers to micro-manage the economy? For starters, it must de-stall the projects stalled. To do so it must micro-manage. But has it got managerial bandwidth for this exercise?

Top