New Delhi: In just over a week, the central budget, as presented by finance minister Pranab Mukherjee, will outline a variety of spending measures to be undertaken by the Indian government in the coming year.
On Just to Clarify this week, we look at how a government goes about raising the money from markets to finance this budget.
Crucially, how do such large government borrowings not unsettle and affect the market as corporate borrowings of similar sizes would? To answer these questions, we welcome back on to our show Dr. Subir Gokarn.
Dr. Gokarn is at present chief economist at Standard & Poor’s Asia Pacific and formerly chief economist at the National Council for Applied Economic Research.