Delhi: Terming the Union Budget proposals unveiled
by the finance minister as conservative rather than
ambitious, economists have expressed disappointment
saying they had expected bold measures from to curb
inflation and unemployment.
to economist Jayati Ghosh the finance minister could
have increased the tax revenue to take advantage of
a bullish economy and high corporate profits, while
B B Bhattacharya, vice chancellor, Jawaharlal Nehru
University, felt that the timing was right for bold
measures given the buoyancy in the tax revenue.
noted that the country was facing four main problems
price rise, poor agricultural productivity, employment
and nutrition which he the current budget could
Kumar, director general of the New Delhi-based autonomous
policy think-tank, Research and Information System for
Developing Countries said the agrarian sector needed
to be stimulated
and the budget provides for improved rural credit, irrigation
facilities and revival of extension centres among other
programmes. "These can facilitate another green
revolution," he added.