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Budget 2012 is for being responsible, minus populism

If there is one thing almost all economists agree on, it is that Pranab Mukherjee must try to rein in populist spending to bring about fiscal consolidation and boost growth.

 Budget 2012 is for being responsible, minus populism

The finance minister must try to rein in populist spending to bring about fiscal consolidation and boost growth.

Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that "the top priority must be move away from populist measures". According to Bhalla, the government has "everything to gain from having a responsible budget."

However, in the context of the poor showing of the Congress party in the recent elections, one doesn't know if this sentiment is going to be heeded.

Watch the whole Firstpost interview here.

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

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Updated Date: Jan 21, 2015 12:02:49 IST