This is the most event full day in the country,continuing from my last post the India Budget 2013 , the expectations are high because the world biggest democracy has more challenges on every front be it from the basic amenities like toilets. India has more cell phones than toilets .
As said by Raghuram Rajan – The Chief Economic Adviser of India we stand on cross roads were we need to develop a clear strategy for continued inclusive growth.
We are batting on a sticky wicket, but betting…
Inflation remains the key : Even the survey projected danger of high inflation is not yet over and the government should work to gently bring it down below 5.Income distribution is the another challenge.
In India 30-40% of the prices are regulated for commodities prices are not decided by the market forces so a well intended coordination with the government & RBI holds the Key.
Some of the major economic reforms holds the key from diesel and LPG (liquefied petroleum gas) pricing and taxation reform like the goods and services tax and direct taxes code, to FDI (foreign direct investment) in retail and reform of the APMC Act (Agricultural Produce Marketing Regulation Act ). But the high-profile scandals broken out in the government will impact the bold decision-making moves.
Well this could turn out be a make or break budget