Budget: Continuity & coherence

With some tweaking and good implementation, we can find a safe passage despite global turbulence

Initial perceptions often become entrenched. But it is important to look at new data. We were told the Indian economy was the worst performer under Covid-19 shocks; that the growth recovery is only because of the dip. But the IMF’s recent growth figures for 2020 and 2021 show India to be out-performing (India -6.6 and 9; Mexico -8.2 and 5.3; Spain -10.8 and 4.9; and France -8 and 6.7). Most major countries had a worse dip and a lower recovery despite more government spend.

The macroeconomic strategy that helped us achieve this is hazily visible in the Budget. Drawing out the