It’s that time of year, again!
Finance Minister, Pranab Mukherjee met with Congress insiders to begin unveiling his thinking on this year’s Budget, which is expected later this month. His headaches include inflation, a current account deficit, high import duties, and importantly how best to increase government revenues.
So, before the big day, I’m asking all of you what to expect in this year’s Budget?
People keep on talking about India’s demographic dividend; will the septuagenarian Finance Minister understand what’s required to ensure that the future is prosperous for this massively important population bracket. A budget for the young, perhaps?
Will he use the opportunity to guarantee market reforms that enable foreign firms get a larger piece of the action? Will India Inc exert its influence to ensure home company advantage?
What policies is he going to put in place that will help India break the 10% GDP growth rate, that India desires? Education, Employability, Innovation, and Entrepreneurship are critical drivers to achieve this. What’s he thinking on these?
If you have any idea on the above, or on the forthcoming budget, leave your comments below.