Indians & a facination for intellectual exercises

Can someone change the fortunes of a billion Indians with a stroke of a pen? Can the FM think of some great innovation that can catapult millions out of the spiral of poverty? That is the kind of expectation that is built into an Indian budget.

What misses the radar of most economists and many others is that productivity is the key and in many ways it is more a managerial issue than an economic one.

At best, economists can try and create an external environment that’s fosters productivity.

I guess, the fact that this budget has become less exciting is a pointer of a move towards this direction.

Although, it may sound blasphemous, I haven’t yet read the Finance Bill, despite the blog’s name and in future- many more won’t!