By Andy Mukherjee
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Finance Minister Arun Jaitley’s budget announcements were on expected lines and should satisfy the investment community, which was keen to see reforms that will kickstart India’s economy. Although the budget was slightly skewed towards the rural economy, we also saw important announcements for urban India aimed at stimulating growth and investment.
Finance Minister Arun Jaitley has the tough task of balancing the need to boost spending and maintaining fiscal discipline when he presents the annual budget on Feb. 28. Former Infosys CFO V. Balakrishnan says the government’s main priority should be to revive the economy by loosening up its purse strings and the country could live with a “slightly higher fiscal deficit.”
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
The European Commission will unveil legislative proposals for its 315 billion euro investment plan and the findings of a public consultation on the investment elements of a planned EU-U.S. free trade deal which could significantly boost growth.
Sweden's centre-left administration is on the brink just two months into office after a far-right party announced it would side with the centre-right opposition to vote against the 2015 budget. The anti-immigration Sweden Democrats, who are shunned by all other parties in the Riksdag, holds the balance of power.