Arun Jaitley's fiscal deficit target of 3% by 2017 an audacious bet on high growth in the years ahead

One of the criticisms of finance minister Arun Jaitley's first budget is that it is big on details and short on vision, or a grand plan of any sort. But even if Jaitley explicitly failed to spell out such a vision for the economy in his long speech, there was one for fixing government finances that was implicit in the voluminous range of documents that the government submitted to parliament on Thursday.

 

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