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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