This refers to the editorial "Sentiment success" (March 4). Despite having justified reasons to cut food and fertiliser subsidies, Finance Minister Arun Jaitley stayed away from them to keep the Budget populist. Garnering resources to meet fiscal deficit by disinvestment of the government's stake in public sector undertakings and cutting Plan expenditure would adversely affect infrastructure development.
Currently, India needs investment from the private sector. The government also needs to look for more reforms to ensure the availability of credit at cheap rates to accelerate growth and development.
V S K Pillai Kottayam
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