Polarisation is temporary : Anand Shrivastava thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Has not gone the full distance
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This is because of the lack of a clear vision of what the drivers of the Indian economy ought to be
There are two ways to evaluate a Budget: as a document detailing the choices being made with respect to expenditure and revenue, or as a roadmap towards a new way of conceiving the functioning of the economy. It is often the case that crises lead to Budgets which are of the latter kind perhaps the clearest example being the 1991 Budget that re-charted the Indian growth story.
The 2021 Budget comes at such a time. The immediate backdrop is of course Covid, but the medium-term history is of steadily decreasing growth as the finance-construction model in Ashoka Mody’s felicitous phrasing has sputtered out. Even with a sharp rebound next year, the Indian economy will probably be about the same size as it was at the start of the pandemic. At the same time, certain features of India’s growth particularly its relatively lopsided nature calls f