The Budget is rightly steadily evolving into something more than merely a statement of past and future accounts. This budget is not revolutionary, neither is it path breaking. But it reflects what path the government is going to take in ensuing years. There are three pillars of UPA2.
I hate to spoil the party but all those getting excited by the Economic Survey released on Thursday because it’s brimming with reforms, take a breather.
Mumbai will be the one spending the most, while Bangalore will be tops in saving. The number-crunching was done by Indicus Analytics, a prominent city-based think tank, in a study, Market Skyline of India: District Profile 2008-09.
According to Laveesh Bhandari of Indicus Analytics, “Given the system’s inability to deal with shocks, with the continued growth momentum, once the seasonal effect on prices fades, once the festival demand kicks in, once the long overdue fuel price adjustment takes place, the inflation numbers will move towards our projected 5.5 per cent.”
