Union Budget 1996-97-Limits of Resource Mobilisation under Market Conditions

Limits of Resource Mobilisation under Market Conditions Arun Kumar Though many concessions have been given to the private sector (including foreign capital), investment and especially the inflow of foreign capital remain uncertain. Even to maintain the current level of investment, more and more concessions may he needed. This creates inequity and problems for resource mobilisation which worsen the budgetary position leading to slow-down of public investment and the capacity to fight poverty.