Budget must restore confidence in India growth story

He has to convince not just prospective foreign investors, but also domestic corporations and financial institutions, as well as the stock market.

This will involve some fiscal measures; but much of the impact will have to come from the announcements of new policies, which have become so important a part of the Budget speech.

The finance minister will receive a lot of advice on the importance of fiscal prudence, including exhortations to contain the deficit.

The main motivation for this is a very monetarist view of inflation.

Text: Business Standard

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