Budget2012videos

'A 5.6% deficit may not be a problem for India': IGIDR

In an exclusive interview to Firstpost, Ashima Goyal of IGIDR, said the challenge for the government is to rein in the deficit while addressing the issue of slowing economic growth.

Budget will test if govt can live within its means: Walker

"The government has boxed itself into a corner, where the only priority is fiscal consolidation," Walker told Firstpost in Hong Kong.

Cut oil subsidies first to tackle fiscal deficit: Crisil

Dharmakirti Joshi, chief economist, Crisil, believes, you have to start with cutting oil subsidies – with diesel deregulation taking the prime spot in reforms.

Cutting subsidies is key to fiscal correction: Surjit Bhalla

Economist Surjit Bhalla of Oxus Investment says that the budget must target subsidies and also reduce the NREGA allocations next year.

Fitch predicts 8% India growth, despite rough patch

Fitch Ratings analyst Art Woo gives Firstpost an 8 percent growth rating for India, despite its economy having hit a rough spot.

Govt must cut subsidy by merging NREGA and food security

Economists are keeping their fingers crossed on what lies ahead. But their prescriptions are clear: fiscal consolidation, energy pricing reforms, and rationalisation of subsidies.

Budget 2012: Higher taxes, subsidy cuts, predicts Deutsche Bank

Deutsche Bank's Global Markets Research has released its expectations on the Budget. Here are the five themes that the brokerage believes the Budget will focus on.