Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya

                                                                     

                            Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya .By setting fiscal deficit at 3.5%, the Budget has underlined the need to continue on the path of fiscal prudence despite many adversities.

Remarkably, revenue deficit at 2.5% in FY16 has significantly undershot the FRBM target at 2.8%, implying that the quality of fiscal consolidation is on the correct path. As a logical corollary, gross government borrowings have been pegged at Rs 6 lakh crore. 

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