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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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.