That unrealistic assumption underlines not just the percentages, but also what we are expected to believe for government revenue. The Budget says it will go up to 10.9% of GDP in the coming year. In 2008-09, government revenue was 10.8% of GDP, and growth was well over 6.4%. If Chidambaram does not exceed his growth target, revenue won't meet his expectations. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.