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Budget 2012 has to create 'our own magic'

by Manika Premsingh

What should Finance Minister Pranab Mukherjee be doing in Budget 2012, due on 16 March? Firstpost spoke to several of India's top economists, and all of them had fiscal consolidation and restoration of business confidence on top of their lists.

We can no longer count on luck. As Ajay Shah of the National Institute of Public Finance and Policy says, "The world economy is in bad shape. It could get worse. We have to create our own magic. And for this we need a top-quality policy effort from the ministry of finance."

Over to you, Mr Mukherjee.

Watch the whole Firstpost interview here.

See more Budget 2012 videos and expert views on Firstpost: Rupa Rege Nitsure, Indranil Pan, Surjit Bhalla, Ashima Goyal, Jim Walker.

Published Date: Mar 01, 2012 11:12 AM | Updated Date: Jan 21, 2015 12:02 PM

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