Budget is status quoist, fails to inspire confidence

This was the tenth and the last Budget of the UPA government. In the span of these 10 budgets, the growth rate has declined from over 8 per cent to 5 per cent, fiscal deficit has increased from a low of 2.5 per cent of the GDP to over 5 per cent, the current account deficit at 5.4 per cent is at an all-time high, inflation is stubborn, interest rates are high and back to the bad old days, investments are down and investor confidence in India and abroad is at its lowest.

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