The Finance Minister gets ready for 5 July8 min read 23 Jun 2019, 07:14 PM IST
It will be interesting to see what sort of balancing act Nirmala Sitharaman is able to carry out in the budget
The new finance minister Nirmala Sitharaman has two weeks to prepare the budget for fiscal year 2019-20 (FY20), which will be presented on 5 July. One of the things she needs to keep in mind is something, the former Reserve Bank of India governor, Y.V. Reddy, talks about in Advice and Dissent: My Life in Public Service. As he writes: “Once, Ruchir Sharma of Morgan Stanley said to me that a policy decision I had taken was inconsistent with the data. I told him, ‘In India not only the future but even the past is uncertain’."
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