A basis for the budget
Wednesday, February 10, 2010
India's high growth decade
Managing Debt
77% incl States, more than 50% of the GDP in the Central BudgetReducing Deficit
7% and unlikely to get down from here for some time, it's a hard stopExpensing on Welfare
Spending on Job creation, Sponsoring infrastructure creation,market building, subsidising exports/imports..we have all heard it now
( even in the US). Hoping for private Sector bounce back, It's all
there..PIIGS, Germany, USA, India, China, Australia...
Sponsoring Reforms
FRBM, Bank Reforms, Building lasting Institutions Irrelevant: What we are telling you also is that the US isalso on a high growth path in the new decade because of the hidden
role of these two enablers above? Unproven, Churlish and no, it just
ain't true. Not like that. But Reganomics for the US, Defcit Financing
and Printing for the New Markets..is a proven starting point.
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