I am no economist to analyse the budget or if it's looking promising or not, but I would like to know how govt will lower the fiscal deficit?? They can't reduce their spendings if they are aiming to increase infrastructure development by 11.1% in a year along with spending on other things they want to, so it leaves the income part for consideration, so where the source of income is lacking for govt? If they say the tax filing/collection has doubled over the period? Or the projects they launched are not that feasible? It would be hard to think that they are not profitable, cause even the smallest of infra project is tend to increase your income, we can't reduce our spending and revenue part is a long term process, so are they looking for alternatives to balance that is the part I am actually interested in, if they are aiming for public funding or what? One thing they need to look at is their contractors if they are at it, may be that will reduce over spending to an expense, let's see what they have in store for us.
Second thing is why the centre need to fund states to boost tourism, I understand the importance of it and would love to know the extent of their fundings, but would be more happy to see them find other alternatives to promote regional tourism, I know they are working on it can't wait to see the result of that.
The third part which I failed to understand is that if this is interim budget and we will have one more budget in July then couldn't they have focused more on short term kind of schemes, as we all know these are the long term schemes and would probably be taken forward in the July budget session but still, there are High chances that most of them won't even start before July so what's the use of this budget and the process at the moment? Couldn't they (MPs) have focused their time on other important issues? By extending the previous budget?
Overall I loved the govt's thought process and their hardwork to make India developed till 2047, and their stand on Trinity of, Democracy, demography and diversity that's actually an interesting part, we all know that Democracy often delays the development work due to many decision making authorities and demography always put constraints on our resources and it's use plus diversity makes it more difficult for them to work together, I hope they will be able to show the world, if utilised properly and good intentions, your vices can be your biggest strength.
Edited by Moonks - 6 months ago
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