India's Budget - hoping for credibility over ambition

I would contend that the upcoming Budget will be one of the most important policy pronouncements of this government since it came to power in 2004. The FY13 Budget was always going to be a test of the government’s resolve to return to active policy-making after the events of the last year. But, as if the stakes weren’t high enough already, last week’s election results have upped the ante.

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