Well, the union budget has been presented and after a lot of secrecy, it is clear that government is taking second generation reforms with sincerity. I am not an expert on economic issues, so I will leave you in good hands. Please do read and try to understand the nitty gritty of our budget as it is the most important document of the year. Disclaimer: I am not a marxist in saying that economics define everything …. but it does, doesn’t it?
The finance minister opened his speech with reference to inflation saying that food inflation came down from 20.2% last year to 9.3% in January 2011 but it was still a matter of concern. “Government’s principle concern is high food prices… food prices were high for cereals, there was a spurt in prices of onions and milk,”
The populism isn’t a problem. Our biggest grouse with this budget is that it refuses to acknowledge the real threat of a coming oil shock, does nothing to tackle inflation, and assumes that growth will provide its own answers without really doing anything to accelerate that growth.
And In the last, I want to point out that ignorance is not a bliss. So, do indulge in discussion on what you think about this budget. The intelligentsia of country must understand that we can develop only by increasing knowledge about out economy, politics and surroundings. To quote
tumhare bazm ke bahar bhi ek duniya hai
mere huzur bada zurm hai yeh bekhabri.