Lament for the Economy

Now that Morarji Desai has settled down as Deputy Prime Minister and, more importantly, as Finance Minister with — apart from his sixteen point programme — apparently clear-cut ideas about what he wants and intends to do, his budget proposals in May will be awaited with great interest. With the economic situation being what it it and the stagnation in industry so evident, the interim budget has been closely scrutinised.

Every word, every line of the Finance Minister's budget speech has been taken apart, for clues of what is to come.