The FM may say that the fundamentals of the Indian economy are still good – and they are – and nothing has changed in the past few days – and it hasn't really, so what spooked the markets and accounts for the biggest intra-day fall ever?
The Budget was never an economic statement of the government in power. But now, it's not even a policy statement. It's become more of a ritualistic philosophical statement in an essentially political document.
No, the Left is wrong and the Right is right as far as economics goes, right? Left. Sorry, wrong. Surprised, shocked, numbed? Take a closer look. The economic ideology of the right and the left is converging, the twain have met...
Finance minister P. Chidambaram has a way of coming up with grand plans. Given his constraints to produce a common minimum budget, only time will tell whether his good intentions can be translated into delivery in agriculture, social sectors and stat