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Budget 2021: Getting India back on the growth track


Budget 2021: Getting India back on the growth track
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The past year has tested India on many fronts. Even as a pandemic-induced lockdown ravaged the economy, a cash-strapped government struggled to offer relief, especially to the urban poor. Many lost their jobs and had to leave the cities they had begun to call home. At the same time, the threat of war with a nuclear-armed wealthier neighbour loomed on the horizon. Tensions with China have thawed, but the conflict may not be over yet.
The backdrop to this year’s budget makes it imperative that the government comes up with a sound plan to revive the economy. The primary imperative is growth. A weak economy invites external aggression and breeds internal conflicts. As China’s example shows, a nation’s clout springs as much from its wealth as from its military might. Growing wealth on a sustained basis is also critical if we want the animal spirits of Indian industry to reviv ....

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