There are very many expectations with the Indian Economy under new dispensation.There are many people who believe that the full last decade is total washout as far as the growth in the Country is concerned.Yes there was a period within this decade where growth was much better,but for the last three years or more,all the gains were given away to a monster called Fiscal/Revenue Defecit.How there can be the tide reversal -is the major question every common but thinking man is trying to understand and offer solution to the FM Jaitley.
Growth can be a tricky factor to handle. Inflation is the consisten ailment to the Economy.So it is very difficult to lift eye from inflation an look towards Growth only,as we may run into Defecit situation very quicly.People need to have no-dole Opportun,especially for making money,have jobs
have money in hand so they can save as well as invest and Spend.Financial savings and ultimately the
interest/dividend income needs to be generated! So incentivising the fixed market and linking to inflation can be one sop.!
External Sector Management is very interesting.We require the money from abroad both as FII and the FDI ,the start up Capital and innovations and high-tech discovery.Our Gold Import bill,Our Electronics Import bill and our Oil import bill is facing three-way Balancing and Optimisation.Who to get and how much? A calibrated approach where we dont run into problems is required.The money is to be huge,and funded regularly.Both Long Term and Short Term money has to flow.
Massive amount of money is needed for this large Economy,and tending to be third largest by 2030.
Controlling defecits will require large scale Policy tough instances.Subsidies etc will be required to
be cut.Let us all hope,after this Budget Exercise the present Government will show the ordinary person there is light ahead at the end!
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