An Irresponsible Budget BM Manmohan Singh had begun with a promise of completing within a three- year period the so-called structural adjustment programme and restoring the economy to a respectable growth rate. But in fact during this period the Indian economy has experienced structural deterioration on all fronts-growth of GDP and per capita consumption as well as rates of saving and capital formation. The situation called for a more serious and less irresponsible response than has been presented in the budget for