Budget Will Be Growth-Friendly, Feels Surjit Bhalla

by Swarajya Staff - Feb 24, 2016 03:01 PM +05:30 IST
Budget Will Be Growth-Friendly, Feels Surjit BhallaSurjit Bhalla
Snapshot
  • Economist Bhalla believes that the oil bonanza may encourage the government to be bold.

    According to Bhalla, the forthcoming budget is likely to be growth-friendly.

Economist Surjit Bhalla is happy with the steps taken so far to contain the fiscal deficit. “The macroeconomic picture of India today is the best I’ve ever seen,” he says in an interview to The Quint.

The Budget session of the Parliament began on Tuesday. According to Bhalla, the forthcoming budget is likely to be growth-friendly. He felt that the oil bonanza may encourage the government to go in for some bold moves.

Bhalla is confident that the government will not fall for populist goals or narrow populist policies. For Bhalla, divestment has been a complete failure as the government could raise only Rs 12,000 crore while the target has been set as Rs 65,000 crore.

Read the full interview here.

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.