Neo-Liberal Reforms with Cosmetic Changes?

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Budget

Amiya Kumar Bagchi

Vol. 39, Issue No. 32, 07 Aug, 2004

Neo-Liberal Reforms with Cosmetic Changes?

Vol. 39, Issue No. 32, 07 Aug, 2004

Budget

Amiya Kumar Bagchi

The budget is an attempt to endow the reforms initiated in 1991, and carried further by Chidambaram in his earlier incarnation as union finance minister, with a human face. But the humanity of the face crumbles as we examine the details of the budget; what shines out is the greedy grin of the operator in the stock market superimposed on the satisfied smile of the leaders of India Inc.

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