by CA Anil Garg
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The new government rode to power with nearly unprecedented public support with huge expectations. People had been simply convinced that Narendra Modi did have concrete plans in his mind to kick start Indian economy for rapid growth. Naturally, all eyes were set on the first budget presented on 10-7-2014.
Unfortunately, it proved to be anti-climax. It did not contain any major policy decisions. There was certainly no game changer. It was an ordinary budget exercise that the previous government had been going through for a full decade. True, it is only the beginning and future can still be bright, but the point is that the new government does not appear to have assumed office with some homework about Indian economy. It does not seem to have any ideas on what to do to make it as prosperous as any other average economy of the world.
The author proposes through this work, major policies that the new government could have considered through this budget, and led Indian economy to a robust start for a sure success.