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

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Winners and Losers in 1987-88 Budget

Winners and Losers in 1987-88 Budget Arun Ghosh THE first question everyone asks you today is: what do you think of the budget? People's attention is riveted to this annual exercise to an extent no longer warranted by the adoption of the Long-Term Fiscal Policy (LTFP) since last year. In the background of the LTFP what did people expect? Both the optimism before the budget and the subsequent disappointment (expressed by even sophisticated commentators like the editor of a leading financial daily) indicate a degree of naivete which is difficult to understand.

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