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Monday, Oct 18, 2021
Outlook.com

Hydrotherapy For Growth

A visionless old-style budget with a bit of this and that in every direction is no remedy

Hydrotherapy For Growth
Tribhuvan Tiwari
Hydrotherapy For Growth
outlookindia.com
-0001-11-30T00:00:00+05:53

By now, most people have come to expect that India’s Union budgets are—more often than not—mundane events hyped into a media-spun stratosphere. Even Union finance minister Pranab Mukherjee acknowledged the enormous pressure on him to do something—anything—saying that it mattered little that his seventh budget would not make it to “tomorrow’s headlines”. An army of spin masters can only take you thus far, and it certainly can’t manufacture the feel-good factor that the Indian economy seeks—and needs. The irony is that, if asked who did a better job of putting reforms on track without clouding issues, more votes would go for the railway minister-in-waiting-for-dismissal Dinesh Trivedi, who bit off more than his party could chew by raising train fares after eight years.

Looking at the sorry state of the Indian Railways, which boasts of having the third-largest network in the world, but paints a dismal picture with filthy platforms and trains—even air-conditioned first class...

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