If Arun Jaitley's 2014-15 budget was eminently forgettable, Budget 2015-16 is his opportunity to correct that impression. If he meets the 10 big challenges he faces head-on, this budget will be as important as the one in 1991
The global economy is down and the US is the only growth engine left. But it is not strong enough to pull all economies out of slowdown as China is slowing. India's revival will depend entirely on domestic reforms and investment
Indian budgets have never innovated much - not in terms of tax proposals, but in terms of the budget-making process itself - since colonial times. Shouldn't Jaitley be changing all that?
The NDa government has indicated that is is planning to raise Rs 2-3 lakh crore through various routes to kickstart public investment and spur growth
The NDA government's war-chest next year is building up to a massive size in order to boost public investment and hence growth.
All will be watching what Narendra Modi has up his sleeve to kickstart the investment cycle and revive the economy.
The unexpected drop in October IIP is scary given that in October 2013 too the index had fallen. Clearly, the exuberance of the markets is not showing up in consumption and investment numbers
A new economics team will produce the next Economic Survey and the 2015-16 budget. It is likely to attempt a clean break from the Chidambaram past and UPA's dole-based economics.