The forthcoming fiscal 2015-16 marks the beginning of the terminal phase of ‘Vision 2021’. The proposed budget for FY 2015-16, therefore, aims high to break free of the 6% growth trap and achieve a ‘modest’ 7% GDP growth by the end of FY 2015-16 while taming inflation at 6.2%. Even though the expected GDP growth remains ‘modest’, the 23% bigger budget seems ambitious, given the apparent unrealistic revenue target.

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Categories: Economy

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