ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

India s Fiscal Policy Lobbies and Acquiescence

Kaushik Basu The Union Budget, 1985-86, has taken some positive steps for increasing industrial efficiency and growth. It has, however, an extremely high inflationary potential. It is also likely to worsen income distribution. This has been widely hailed as a 'bold' Budget, presumably because it gives large concessions. But that is precisely what this Budget is not because it does not require any boldness to give concessions to the rich and powerful. Where the Budget saves is in its allocation for rural employment programmes and other Plan items. This paper analyses the implications of these new fiscal policies.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top