Meenal Sinha Shares her Expectations from Budget 2018
8th March 2018 07:05 am
The economy has recently taken some body blows as a consequence of some forward-looking decisions. However, it is now time to effect measures that help stimulate and bring the economy back to a potential justifying growth path.
- Boost manufacturing through focus on driving consumption. This will happen via projects and infrastructure development. Import tariffs will help somewhat but those are at best short-term measures and real manufacturing muscle will come from boosting competitiveness rather than protectionism.
- Boost rail and aviation infra in smaller towns along with the road infra through PPP to create jobs and infra – this will segue into decentralised urbanisation that is so desperately needed by India to unclog the metros and drive greater productivity.
- Boost innovation and the entrepreneurial ecosystem.