A bet on reforms-driven growth despite India's fiscal compression
A bet on reforms-driven growth despite India’s fiscal compression India’s finance minister also announced a set of financial sector reforms, be it in insurance, banking or development finance. Success would depend on how well these are carried out. (Photo: iStock)Premium Sudipto Mundle The budget has announced some laudable reform initiatives but their success will depend on how well they get implemented The budget has surprisingly opted for fiscal compression at a time when our economy needed higher spending. Thankfully, capital expenditure has risen, which can offer multiplier gains. S...
Source: livemint.com