The budget proposals have little to do with the processes of the Indian economy. So what, the criterion to apply is whether these please Washington, DC. True, the fiscal deficit could not be cut back, but the Americans are sensible people, they will reach an overall judgment on the budget on the basis of the ideological tilt it is bound to ensure.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.