Speaking in the same voice

Discordant voices speaking about fiscal measures have given way to a unified acknowledgment of the challenge the Indian economy has not faced since 1991. For instance, containing the consolidated deficit of the Centre and States to 5.4 per cent of the GDP within 2014-15 as per the new fiscal responsibility and budget management despite making additional provision on education, healthcare and food security would require an adjustment of almost 5 to 6 percentage points of GDP.

Subhomoy is a Deputy Editor based in New Delhi.


Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.