INDIA
NEW BUDGET SHOULD CONTAIN EXPENDITURE AND BORROWING
FOCUS SHOULD BE ON DEVELOPMENT AND GAINFUL JOB CREATION
2019-07-01 09:35
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Union Finance Minister Nirmala Sitaraman seems to have a tough task before her if she has to fulfil the wishes of Prime Minister Narendra Modi while presenting a fresh budget for 2019-20. The prime minister has clearly told a group of economists and sectors experts about his intention to undertake fresh reform measures to boost growth and make the Indian economy competitive. This would require a radically different trend in the government’s budgeting exercise which is traditionally loaded on non-developmental expenditure and high debt servicing costs.