INDIA
UNION BUDGET FOR 2020-21 IS HARDLY ASPIRATIONAL
LITTLE TO INSPIRE SAVING, INVESTMENT AND GROWTH
2020-02-03 11:10
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If the revised budget estimates for 2019-20 are way behind their original targets, it could be wrong to aspire that the first full year union budget under the second term of the Modi government would achieve any economic miracle by radically pushing up economic growth, creating new employment, generating income and savings and inducing large investments in infrastructure, manufacturing and services. The so-called aspirational budget is hardly inspiring except probably for foreign direct investors in new projects.