We presented a pre-budget memorandum for Budget 2013-14 to the Government of India. We suggest anchoring a fiscal agenda that instills confidence amongst trade and industry and accelerates India’s move to 8-9% growth trajectory. It is important that...
Even though RBI announced (1) measures to boost capital flows, (2) raised foreign investment limits in government bonds by US$5bn and (3) eased restrictions on external commercial borrowings and infrastructure bonds, the markets remain disappointed. Dr Soumya Kanti Ghosh,...