Thus there is some lack of clarity on what the government’s stance is on boosting green technology industry.
On these analyses, I would say this is a confused budget. Quite a few matters are undertaken for ‘appeasement’ of certain quarters. In the initial 2-3 years of a new regime, governments have the flexibility to announce tough measures with a long-term vision. So this budget is a lost opportunity of sorts in that respect. However, to put it in perspective, union budget preparation is a extensive activity undertaken over a 4month period. Time was of an essence here and was short on hand. The Finance Minister also hinted, fiscal planning is no longer a once-a-year activity, so we may see some of these issues addressed during the course of this year.
On the mix of politics with an economic activity, I would say that this is the reality of a democratic country and the price we pay for enjoying the benefits of a vibrant democracy. Harsh measures are a luxury which authoritarian regimes can afford. I believe that our freedom is too high a price to pay for the benefits of a purely economic activity.
Tags: 1yr-MBA, 2009, Ahmedabad, Anirudh, Budget, class, education, executive, Globalization, GreenTech, IIM, IIMA, India, Industry, information, IT, MBA, PGPX, software, technology
